interest rates: Prices and Interest Rates - How to Balance the Two!! - 03/10/08 04:13 PM
Bank of America is Keller Williams' new preferred lender!! At one of our team meetings a few weeks ago, we had an interesting conversation about how buyers want to wait until the market hits "bottom" before they buy. The problem is that interest rates are still very favorable, but will probably be rising! As … (2 comments)
interest rates: Housing Starts and Building Permits Stats - 10/19/07 01:17 PM
Our in-house lender, Justin Whitney with Countrywide, spoke at our Team Meeting yesterday about some important info. He explained that the number of housing starts in Sept was at 1.19 million, which is down from 1.28 million that was expected. Also, the number of building permits issued decreased 7.3%. These numbers are the worst we've seen in 14 … (0 comments)
interest rates: Weekly Mortgage Update - 10.15.07 - 10/15/07 03:27 PM
The Week in Review: It was a fairly quiet week last week with mixed news on the economic front. On the one hand, retail sales were much better than expected while on the other hand the consumer sentiment report was lower than expected. So we are out there buying stuff at a … (0 comments)
interest rates: Weekly Mortgage Update - 10.8.07 - 10/08/07 06:22 PM
Please note our Jumbo rates at the bottom of the page. We have some very aggressive rates! The Week in Review: Last week was as expected with little market moving news until Friday's Jobs Report. So, last month the jobs report came in way below expectations with a loss of 4000 jobs. Additionally, … (0 comments)
interest rates: Weekly Mortgage Update - 10-1-07 - 10/04/07 09:09 AM
The Week in Review: A relatively calm week last week with interest rates ending where we started the week. In general we continue to have good news relative to inflation with many indicators coming out either below expectations or at expectations. Additionally, on Thursday the auction of $13 Billion in five-year US … (0 comments)
interest rates: Weekly Mortgage Update - 09.24.07 - 09/24/07 11:52 AM
The Week in Review: As was predicted, the Fed lowered both the Federal Funds Rate (prime rate) and the Federal Discount Rate last week. Not only did they lower it, but they made a fairly bold first step by dropping it 50 basis points (.5%). Normally we don't see the Fed make … (0 comments)
interest rates: Fed Drops the Reserve and Discount Rate by .5% - 09/19/07 03:28 PM
Our Keller Williams office has a preferred lender who is Justin Whitney with Countrywide Home Loans. He typically sends out weekly updates with GREAT information on the mortgage industry. He's given us permission to include his updates on our blog, so we'll post this info regularly. Please contact Justin if you're in need of … (0 comments)
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Bank of America is Keller Williams' new preferred lender!! At one of our team meetings a few weeks ago, we had an interesting conversation about how buyers want to wait until the market hits "bottom" before they buy. The problem is that interest rates are still very favorable, but will probably be rising! As … (2 comments)
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