mortgage rates: Real Estate Reality Radio...Jobs and their effects on housing. - 12/05/13 07:53 PM
Hello, and welcome to Real Estate Reality Radio. The most important half hour of radio every Friday from 9 to 9:30 on WBCB 1490 am. Thank you for joining us. For those of you who are new to the show I have spent the last 40 years in the real estate industry both as a realtor and a mortgage banker. The show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. I believe that most people are looking for practical … (0 comments)

mortgage rates: The Week Ahead...What Housing Market Index and New Home Sales means to you - 11/17/12 08:21 PM
Market Focus: Short week with two housing reports. Some earnings to start the week off from Best Buy and HP. It looks not so god for either based on their previous guidance and Fridays drop in Dell. And let us not forget (who could with all of the news reports) the “fiscal cliff”. Any positive signs in the soap opera of the fight between the house and the president will boost stocks no matter what the reports say.
Monday:
Existing Home Sales: Existing home sales tally the number of previously constructed homes, condominium and co-ops in which a sale closed … (0 comments)

mortgage rates: Real Estate Reality Radio...Featuring LDS Inspections and Mold Removal - 11/15/12 08:05 PM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (0 comments)

mortgage rates: The Week Ahead...What CPI and PPI mean to you! - 11/11/12 08:21 AM
Market Focus: The Election is over so the “fiscal cliff” is the most important issue ahead. Watch for a continued clash between the President and the House to see what the market will do. Inflation signals should not be as much of a concern with the Fiscal Cliff looming.
Monday:
US Holiday. Veterans Day Observed. Markets are Closed.
Tuesday:
NFIB Small Business Optimism Index:  The index is a composite of ten seasonally adjusted components based on questions on the following: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales … (0 comments)

mortgage rates: Real Estate Reality Radio...Featuring Rich Tarves on adding value. - 11/01/12 08:54 PM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (0 comments)

mortgage rates: The Week Ahead...What Case Shiller, Employment and ISM mean to you! - 10/27/12 11:13 PM
Market Focus: With the economy on the front burner this week, we get the widely anticipated monthly jobs report. Overall, the economic calendar is pretty full, with the Dallas Fed Manufacturing Survey on Monday, followed by the S&P Case-Shiller Home Price Index and Consumer Confidence on Tuesday. On Wednesday we get the ADP Employment Report, as well as the Employment Cost Index. In addition to the jobless claims on Thursday, the Productivity and Costs, ISM Manufacturing Index, and Construction Spending are also going to be released. On Friday, we also get the latest report on factory orders.
Monday:
Personal Income … (0 comments)

mortgage rates: As Heard on CBS...Ask Vince and Pete - 10/27/12 09:44 AM
For 30 minutes every Sunday morning from 5:30 to 6:00 Vince and I will share with you some of the questions we get each day about mortgages and buying homes.
Face it. If we believed everything we heard or read none of us would never even think of buying a home again. The news has been nothing but negative about real estate values across the country.  The next 30 minutes is our opportunity to dispel the myths associated with the real estate landscape in your local area.  Within every marketplace there are obstacles and solutions on the path to tremendous … (0 comments)

mortgage rates: Real Estate Reality Radio Featuring David Warrick and the Fiscal Cliff - 10/25/12 09:05 PM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (0 comments)

mortgage rates: The Week Ahead...What Pending Sales, FHFA Index and FOMC mean to you! - 10/20/12 10:43 PM
Market Focus: Lots of housing reports coupled with an FOMC meeting and some manufacturing reports all following disappointing earnings. Economic data last week showed signs of improvement but earnings are taking center stage. Look at Apple earnings for direction.
Monday:
No Reports
Tuesday:
Richmond Fed MFG Index: This survey provides a comprehensive set of indicators of business conditions within the fifth region's manufacturing sector. The survey provides participants' knowledge of recent changes in manufacturing activity as well as insights into expected developments in six months. The data are released the fourth Tuesday of each month. The headline index is the … (1 comments)

mortgage rates: Real Estate Reality Radio...Featuring US Residential's Short Sale - 10/18/12 09:05 PM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (0 comments)

mortgage rates: The Week Ahead...Housing Starts, and Existing Home Sales mean to you! - 10/13/12 10:35 PM
Market Focus: It is a busy week with reports expected to show growth but the earnings onslaught maybe the bigger focus. For a look ahead we need to look back at the last week as stocks lost 2% in the week due to earnings.
Monday:
Retail Sales: Retail sales measure the total receipts at stores that sell durable and nondurable goods. Consumer spending accounts for two-thirds of GDP and is therefore a key element in economic growth. The consensus estimate is for a rise of .7% less than last month’s .9%. And an increase of .0.5% excluding autos after last … (1 comments)

mortgage rates: Real Estate Reality Radio...Featuring a look inside Thornewood Farm - 10/11/12 09:02 PM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (0 comments)

mortgage rates: C'mon Man! - 10/09/12 11:22 PM
C’mon Man!
As the political ads hit my television espousing deregulation vs over regulation I cannot stop from thinking how we have become an all or nothing society. How about sensible regulation? Quality over too little or too much.  
The recent article about Wells Fargo being sued for selling “reckless” loans to Fannie Mae and FHA brought a smile to my face. First admittedly I hate big banks. Secondly it gave me the opportunity to laugh again at their slogan “going far together”. Seriously in that wagon? How far do you think you are going? Finally it made me remember … (0 comments)

mortgage rates: The Week Ahead...What Trade, PPI and Consumer Sentiment mean to You! - 10/07/12 01:29 AM
Market Focus: The calendar is quiet this week, with trade numbers and the Fed’s Beige Book, followed by the usual jobless claims on Thursday. On Friday, we get the Producer Price Index and the initial reading on consumer sentiment. Is the Stock Market misreading the recession signals as earnings season begins?
Monday:
US Holiday Columbus Day. Banks and Bond Market Closed (Stocks Open)
Tuesday:
NFIB Small Business Optimism Index:  The index is a composite of ten seasonally adjusted components based on questions on the following: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy … (0 comments)

mortgage rates: Commitment Letters? - 10/01/12 10:26 AM
Why has the “commitment letter” become more important than the mortgage itself?  It seems that the commitment letter has taken center stage in the home buying process. It seems lately that we need to complete them sooner every month or the seller will “put the house back on the market”.
I recently asked an agent why such pressure to produce a document that to me is as useless as the paper it is written on. The response I got was “too many sales were dying at the settlement or right before”. That prompted the next question: “Did the sales that … (0 comments)

mortgage rates: The Week Ahead...What IMS,Factory Orders and Employment mean to you! - 09/29/12 10:23 PM
Market Focus: It is a busy week with lots of manufacturing reports, and employment reports all sandwiched around the first Presidential Debate. These reports are all looking for weak expectations. Don’t forget about on Spain.
Monday:
PMI Manufacturing Index: Purchasing Managers' Manufacturing Index (PMIs) is based on monthly questionnaire surveys of selected companies which provide an advance indication of what is really happening in the private sector economy. What it means to you: The PMI manufacturing data give a detailed look at the manufacturing sector, how busy it is and where things are headed. Since the manufacturing sector is a … (0 comments)

mortgage rates: Real Estate Reality Radio...Featuring John D'Angelo "Investor Prophet" - 09/27/12 09:08 PM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (1 comments)

mortgage rates: The Week Ahead...What Case-Shiller and Pending Home Sales mean to you! - 09/23/12 01:04 AM
Market Focus: Worries about third quarter earning coupled with a stock market at new “highs” and a plethora of manufacturing reports and housing data all point to a potential pull back in stocks again buoying of bonds. The interesting side of the recent stimulus is that there is a continued downward pressure on long term interest rates as designed.
Monday:
Chicago Fed. National Activity Index: The Chicago Fed National Activity Index (CFNAI) is a monthly index designed to better gauge overall economic activity and inflationary pressure. The 85 economic indicators that are included in the CFNAI are drawn from four … (1 comments)

mortgage rates: Real Estate Reality Radio...Featuring Sherri Eckels 203K Specialist! - 09/20/12 09:00 PM
Hello, and welcome to Real Estate Reality Radio. The most important hour of radio every Friday from 9 to 10 on WBCB 1490 am. Thank you for joining Vince and me. For those of you who are not familiar with the show I am the guy with a bow tie and a bit of an attitude and Vince is the fun affable best friend. Our show is dedicated to dispelling the myths associated with Real Estate and finance in your marketplace.
Within every market there are obstacles and solutions on the path to tremendous opportunities. Vince and I believe that … (0 comments)

mortgage rates: Stop Selling and Start Explaining - 09/18/12 11:45 PM
This is aimed at the government as well as mortgage originators and real estate agents. Stop selling rate! The Federal Reserve keeps pushing for lower rates as if it is the answer to the riddle. Mortgage originators are now beginning to sell adjustable rate loans because it is easier to sell a lower rate. Finally every time I present a scenario to a buyer their agent says “is that the lowest rate”. To steal a line from ESPN “C’mon Man”. Seriously!
On a typical $175,000 loan the difference from 4% to 3.75% is $25.03 per month. If $25 a month … (1 comments)