Mortgage Market Report - Interest Rates hit historic low for 2011 As of yesterday, mortgage interest rates were hitting historic lows for 2011. Today was the key focal point if rates were to continue to go lower based on non-farm payrolls and on unemployment. As of this morning, the news is reporting that non-farm payrolls only increased by 54,000 in May, significantly less than 150,000 increase that the economists had been expecting. Regarding the private sector, private employers only added 83,000, instead of the 180,000 that was anticipated. And unemployment rose from 9.0% to 9.1% the month prior. Depending on your credit … (5 comments)
economy: Put Economy on "Black" for all the Marbles
- 12/13/10 07:18 AM
Feel like we are spinning our wheels? Is the economy like a yo yo? Should we just put it all on Black and hope for the best? Now, keep in mind, this post is a slight rant, will be based on my opinion based on knowledge and some research, and mostly to just make everyone aware on what is going on. Yes, this post will have a negative tone within, but we can turn that around, but it will need to be a collective group effort country wide.
I know it's been all over the news since the 20th of September, that we are now out of a recession since June. But I am curious, where the hell have I been all of this time. Who is stating these facts? Did we just pull millions of dollars magically out of a hat? Let's look at several facts. -- We are going into an election period. So is this just 'feel good' talk to get one to think otherwise? -- The Homebuyers Tax Credit. In my opinion, that artificially stimulated the economy. But that helped some real estate … (53 comments)
economy: How to stimulate the enconomy - The non-common sense way.....
- 03/27/09 05:50 AM
Okay, when is the government when are we spending the next hundred billion? Maybe the next trillion. If anyone is a true money geek, they will see that the major spending on mortgage backed securities has lowered interest rates and kept them low. But..... they have gone up since last week, at least by 3/4 of a point. My point on this, is that mortgage interest rates are still very low. Anything in the 5's should be very good, compared to the 6's that we had in 2008. What about the other spending that has taken place in 2009? What … (9 comments)
economy: Inflation vs Deflation - Is it criminal?
- 11/20/08 07:56 AM
I never paid much attention to my history classes while in high school and I hope not to bore you now. The CPI, which is the Consumer Price Index, fell from a record 5.2 per cent in September to 4.5 per cent in October of 2008. This was a far sharper drop than what economists were expecting. The CPI is the Government's preferred measure of inflation. What was a major cause for such a quick drop? It was driven by the plummeting cost of oil. Gas prices are extremely lower now as in many years. What does all of this … (50 comments)
Fears in the market.... ?? Are you hiding because of such fears in today's market place? I think many of us were scared 6 months to a year ago. The media was talking about how bad it was out there. We had the so-called mortgage meltdown. But was it really that bad? I think it all comes down to how sure of yourself, that you feel comfortable in buying, when it comes to purchasing a new home. May you be a first time hombuyer, someone moving up, or an investor. I have said this many of times, but … (10 comments)
Giving those that don't give up, all the credit in the world. I hate when I speak to a client that is trying their hardest to stay above water. Trust me, I am a firm believer that good things do come to those that are good, true to themselves and others, and help others. But there are just sometimes when you act good, being a good person in general, that bad things will just happen to you. I spoke to a client yesterday that had to file a Chapter 13 bankruptcy around May 2007 because their pizza store went out of business. … (18 comments)
I just want to educate people about mortgages and the process.
In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.
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