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jobs: Air, Food, Water...and a Job Please! - 01/28/10 02:11 PM
Last night many American's tuned in to Obama's first State of the Union Address.  With concerns of jobs and the economy on our minds...it was impossible to miss this statement, "Jobs must be our No. 1 focus in 2010, and that is why I am calling for a new jobs bill tonight."  For most of us...after air, food, and water...having a job is pretty important.  It's nice to hear that Obama may turn his attention from his healthcare objective and give a little attention to jobs.  However, what struck me as odd is I could have sworn the primary objective of the … (0 comments)

jobs: Mortgage Bonds Bust a Move... - 07/08/09 04:13 PM
Mortgage Backed Securities (MBS) are moving again!  Over the past several days, MBS have been improving as stocks continue their struggle.  Today's bond auction was well received which has helped fuel a beautiful rally today, giving Bonds the needed momentum to break above some tough overhead resistance.  The past few days gains have brought rates back...well, almost back...to the levels of one month ago.  
Rumors of a 2nd stimulus plan hit the wires just days ago and the chatter continues.  The first stimulus plan was aimed at Banks, Automakers, City and State governments.  New reports indicate that it also put more … (0 comments)

jobs: Welcome Back, Carter - Tax Move May Hurt Home Purchases, Despite Historic Low Rates - 03/01/09 07:15 PM
I must admit, I'm still scratching my head trying to figure out how an annual income of $250K was determined to be associated with someone "rich" and "wealthy".
The move to increase taxes and limit deductions will have far reaching impact. 
I agree with NAR that there could be further erosion of home prices and values as home ownership doesn't look as sexy anymore.    
It's clear that Obama and his team believe that people making over $250K per year are "rich"...however there is a huge separation in this income level and the real rich.  
By the way, approximately 80% of … (1 comments)

jobs: Jobs Slide Again - 02/06/09 09:21 AM
This morning the all important Job Report was released and it was ugly...worse than expected.  The 525,000 forecast came in at a loss of 598,000 jobs.  This is the greatest job loss since 1974. 
Job losses for all of 2008 were also adjusted higher...at 3 million.  The government said employment at the end of the year (08) was 138.2 million, a little bit better than initially reported. 
Our unemployment rate jumps to 7.6% and the highest unemployment rate since September 1992.  But wait...7.6% represent those who are unemployed and looking for work.  After adding in those who are too discouraged to … (2 comments)

jobs: Jobs, Jobs, Jobs... - 02/05/09 09:58 AM
It's been a busy and bleak week in the markets with numerous economic reports, stimulus chatter, corporate earnings (losses) reports, and the list goes on. 
The unemployment lines are growing longer.  On Wednesday, the ADP survey showed a grim private sector job loss of 522,000 for January.  Today, Initial Jobless Claims (these are people filling for the first time) registered at 626,000 which is just a little higher than the estimates of 580,000.  This is the highest level since 1982 and points to an ugly report tomorrow.   Tomorrow is the Grandaddy of Jobs Reports - and the markets are already braced for … (0 comments)

 

Elizabeth Rose - Certified Mortgage Planning Spec - Texas

Highland Village, TX

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Network Funding, LP

Address: 2800 Corporate Drive, Suite 101, Flower Mound, TX, 75028

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