This Week’s Market Commentary - 05/23/11 01:25 PM

 
This week brings us the release of five important economic reports in addition to two Treasury auctions that may influence rates. Only two of the five reports are considered to be of fairly high importance to the bond market and mortgage pricing. The remaining reports are considered to be of moderate or low importance and will likely not heavily influence mortgage rates.
April's New Home Sales data will be released late Tuesday morning. This report gives us a measurement of housing sector strength and future mortgage credit demand. However, it is actually the least important release of the week … (0 comments)

Creative Ways to Retire Without Savings - 05/18/11 11:36 PM

Like many baby-boomers today, you may be faced with an upcoming retirement and a lack of a retirement savings account due to the rough economic times of the past few years.
A recent CBS MoneyWatch article tackles this problem by suggesting resourceful ways to make retirement work for you.
One bold idea is to pair up with another married, retiring couple, pooling together Social Security income for a manageable budget. Social Security income at age 66 will be $2,000 per month, with an additional $1,000 per month for the spouse, resulting in a $36,000 per year income.
If you find … (1 comments)

This Week’s Market Commentary - 05/16/11 11:57 PM

 
This week brings us the release of four pieces of relevant economic news in addition to the minutes from the most recent FOMC meeting.
None of the economic reports are considered to be highly important to the markets or mortgage rates, but they do carry enough significance to influence mortgage rates if they show a wide variance from forecasts.
Nothing of importance is scheduled for today, so look for the stock markets to be a major influence on bond trading and mortgage pricing. If the stock markets open the week with sizable gains, bonds will likely suffer and mortgage … (0 comments)

This Week’s Market Commentary - 05/10/11 12:52 AM

 
There are five pieces of relevant economic data scheduled for release this week that may affect mortgage rates, in addition to two important Treasury auctions.
The four most important four reports will be posted over two days, meaning the markets will have to rely on factors other than economic news for direction several days. There is no relevant data due today or Tuesday, so expect the stock markets to help drive bond trading and mortgage rates those days.
March's Goods and Services Trade Balance report will be released early Wednesday morning. This report gives us the size of the … (1 comments)

5 Things to Think About When Looking for Your Dream Home in San Mateo County - 05/10/11 12:39 AM

While on the hunt for a perfect home, it can be immensely helpful to create a wish list of sorts. This can help you and your real estate agent obtain a clear picture of what type of home would best suit you.
Some things to consider:
1. Move-in ready or fixer-upper?
Making a home "your own" can make fixer-uppers an attractive option, along with the lower cost. Making a mark on your new home via renovations. Take some time to think about what homeownership means to you, and whether you are interested in renovation.
2. Upgrades
Certain upgrades in … (0 comments)

Condo Ownership Sensible in SF, San Jose and Oakland - 05/04/11 09:56 PM

 
The San Jose Mercury reported that data shows that buying condos, versus renting, makes financial sense in San Francisco, San Jose, and Oakland in this current market.
A study done by Trulia of the nation's fifty largest cities focusing on rent-versus-buy price analysis revealed that these Bay Area cities, especially San Jose, ownership is less expensive.
They calculated a rent-to-buy ratio of cost, and any city with a rent-to-buy ratio of 15 or below means that it is less expensive to buy. San Jose's ratio is 12-1.
Oakland and San Francisco, where renting is cheaper, can make more financial … (0 comments)

This Week’s Market Commentary - 05/02/11 08:37 PM

There are only four relevant economic reports scheduled for release this week, but two of them are considered to be highly important to the financial and mortgage markets. Unlike many Mondays, the week kicks off with important data being posted today. The Institute for Supply Management (ISM) will post their manufacturing index for April late this morning.
This is one of the first important economic reports released each month and gives us an indication of manufacturer sentiment. A reading above 50 means that more surveyed trade executives felt business improved during the month than those who felt it had worsened. … (0 comments)

 
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John Balladares

San Mateo, CA

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Peoples Bank

Address: 1300 S El Camino Real, Suite 300, San Mateo, CA, 94402

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