| |
economic forecast: What Do The Economy, Musical Chairs and Oceanliners Have in Common? - 10/05/10 10:01 AM
Rates nosedived last week - anybody know why?
Because no fewer than 9 of the FOMC Federal Reserve Presidents spoke about the Economy, the Federal Reserve Balance Sheet and QE2... and they all contradicted themselves.
One of the commentaries I read suggested that as Investors, and money worriers (not consumers anymore are we?) we are all carefully playing a game of Musical Chairs... waiting to see when the music stops, and only concentrating on what's happening in our little circle.
But the Stock Markets, the G4, the Gold Markets and yes, even the Housing Markets are all connected Globally. "World … (4 comments)
|
economic forecast: Greek Soverign Debt Song on You Tube - 07/20/10 08:55 AM
At the end of this week European Regulators will report on the strength of Banks there. I thought this was REALLY funny about the possible 16% writeoff of Greek Debt. Better than expected news on the health of banks and the government debt could move mortgage rates higher later this week, stay tuned to find out.
If you are looking for a Mortgage Loan to purchase a home, or to refinance your mortgage loan, please call Steve and Eleanor Thorne, 919-649-5058 we keep up with the market!
… (3 comments)
|
economic forecast: What Do You Tell Customers - With Current Economics? - 06/07/10 10:50 AM
I'm writing this as much for myself as I am anyone else... I am an Economics junkie - always have been.
With the lower than expected jobs numbers released last Friday, there are really smart folks who think the numbers might actually be off because of some complicated seasonal adjustments /equations. They could be right, but the seasonal adjustments are not so far off as for the jobs numbers to be completely ignored.
To me, the more interesting numbers, are the Daily Growth Index (started in 2004) and the Bureau of Economic Analysis (used by the White House). Unlike jobs numbers … (24 comments)
|
economic forecast: Some Encouraging Words - A Look Ahead - 04/06/10 07:49 AM
The New York Times did an Optimistic Opt Ed piece today that had me thinking of material I recently learned at RETSO and from Jason Ryan Dorsey the Gen Y Guy. The Times piece says that, "the fact is, despite all the problems, America’s future is exceedingly bright!"
There are multiple reasons for this "positive" outlook, including:
In 2050, only 25% of the US population will be over 60. That's right, Gen Y loves the idea of large family - and unlike other nations, the expectation that this desire for large families along with continued immigration will add 100 million to our … (8 comments)
|
economic forecast: Mortgage giants Fannie Mae and Freddie Mac on death row? - 01/26/10 07:14 AM
This is a subject I follow pretty closely because it will be the NEXT change for lending. The REAL question IMHO is what will set the course going forward? If we do away with Fannie and Freddie - fine...
But what will we use to "measure" that a loan in Las Vegas is the same quality as a loan in North Carolina? Because without that "measure of quality" why would an Investor purchase the MBS paper?
Via Esko Kiuru - Las Vegas NV Mortgage Consultant (FHA, VA, Conventional, Refinance, Jumbo):
House honcho Barney Frank feels that it's time to let these … (0 comments)
|
economic forecast: Do We Need The $8000 Tax Credit Extended? A Comprehensive View - 10/22/09 11:30 AM
I've just spent several hours reading about the Economy and here's what I've come up with (Sorry it's so long):
The Fed Released the Beige Book, on October 21, 2009. It begins with this statement:
"Reports from the 12 Federal Reserve Districts indicated either stabilization or modest improvements in many sectors since the last report, albeit often from depressed levels. Leading the more positive sector reports among Districts were residential real estate and manufacturing, both of which continued a pattern of improvement that emerged over the summer. Reports on consumer spending and nonfinancial services were mixed."
Well, that's not too surprising … (42 comments)
|
economic forecast: Hey Joe! Lower Rates Might Help! - 07/06/09 07:58 AM
"We misread how bad the economy was"This is the comment made by VP Biden this weekend as he tried to explain why the administration first declared that unemployment would go to around 8% this year and last week we saw much higher numbers... and many folks are saying that the unemployment numbers are actually worse than reported, because so many more American's are parttime employees!I'm not being a "Debbie Downer" here, I'm merely pointing out that Paul Krughman and Gordon Brown (who meets with Obama this week at the G8) both said that we need MORE / ADDITIONAL Stimulus based upon the … (7 comments)
|
economic forecast: What Obama Needs To Do To Fix The Economy - OPINIONS - 01/13/09 09:55 AM
Obama recently said he wanted to hear the ideas "out there" for a better stimulus package. Paul Krugman, who recently won a Noble Prize for his Economic Genius, has some ideas... and he recently shared those with Rolling Stones!
In his post, Krugman notes... "One more thing: even with the Obama plan, the Romer-Bernstein report predicts an average unemployment rate of 7.3 percent over the next three years. That's a scary number, big enough to pose a real risk that the U.S. economy will get stuck in a Japan-type deflationary trap."
This doesn't sound good...
According to Krugman.. "There's nothing to … (11 comments)
|
economic forecast: Bailout Part Deuce - 09/30/08 09:51 AM
I'm with most folks. I know that we probably need the Bailout - but I don't want it. The markets are going to be better today - because it's the end of the quarter and there are somethings that have to happen, and those events will cause a temporary improvement - but tomorrow it's going to be back downhill.
I was listening to various Congress "persons" and found myself nodding my head when several said, "Paulson had a YEAR to bring this information to us!" Yep... and then I read the following in Inman News and found myself nodding again. Sorry, Pres, … (4 comments)
|
economic forecast: If You Have An ARM, Pull Out Your Note - 09/17/08 04:58 PM
LIBOR is on the rise. In fact, according to Bloomberg:
"The overnight Libor rate in U.S. dollars soared 3.33 percentage points to 6.44 percent today, its biggest jump in at least seven years, according to the British Bankers' Association. The one-week rate rose by more than a percentage point, to 3.88 percent from 2.49 percent on Monday, and the one-month rate increased to 2.75 percent from 2.5 percent."
Granted, most adjustable rate mortgages are not tied to the 1 day LIBOR... but most are tied to SOME part of LIBOR! So I suggest that you get out your note, and look … (7 comments)
|
economic forecast: Crystal Ball for Mortgage Rates - 01/15/08 12:23 PM
I work with my husband I and once bought him a crystal ball for his desk so that he could look at it and advise clients... at least I thought it was cute!
In the next few days CNBC thinks that Bernanke should lower rates based on the two sad reports that came out today. Gold is nearing $1000 an ounce, and CitiGroup is going down the drain.
We all know that the American Public is getting older... and somewhere in the back of our minds I think we also realize that the future debt for Veteran Benefits is growing at a ENORMOUS rate! I predict that we will … (0 comments)
|
|
|
|
|
|
Eleanor Thorne 919-649-5057 Cary Mortgage Loans
Cary,
NC
More about me…
Steve Thorne NC Mortgage Experts
Address: 111 Corning Road, Suite 230, Cary, NC, 27518
Office Phone: (919) 649-5058
Cell Phone: (919) 649-5057
Email Me
 Listings
Links
Archives
|
;)
;)
;)
