What did the FED move mean for Mortgage Rates? - 10/31/08 02:06 PM
 
It was a busy week of economic news. The headline for the week is of course the FED lowering the Fed Funds rate 0.5% to 1 %, the lowest in quite a long time.  The question that is always on everyone's minds: "What does this mean for mortgage rates?" Unfortunately the answer is: Not much! The Fed Funds rate is the shortest of short term rates. It does not have any direct effect on mortgage rates. It was also priced into the credit markets since the move was anticipated.  It will immediately lower the prime rate which most Equity lines … (6 comments)

Our Tax system, A simplified explanation: - 10/30/08 01:03 PM
This is a RE-Post of a blog that got lost some how ...
Best explanation to share with your friends, who may notunderstand this complex principle.Suppose that every day, ten men go out for beer and the bill for allten  comes to $100. If they paid their bill the way we pay our taxes, itwould go something like this:The first four men (the poorest) would pay nothing.The fifth would pay $1.The sixth would pay $3.The seventh would pay $7.The eighth would pay $12.The ninth would pay $18.The tenth man (the richest) would pay $59.So, that's what they decided to do.The ten men … (6 comments)

FED lowers 0.5% - 10/29/08 02:11 PM
 
It is Official, The Fed announced they lowered the FED funds rate by the anticipated 50bps.
What does this mean for rates?  Well so far it is not good news. The Mortgage market was strongly in positive territory for most of the day, and now with just a few hours left in the day the gains are quickly eroding and the market is basically flat as I type this.
I think this may be a case of "buy the rumor sell the fact" that often happens on wall street.  Since this was the expected outcome today it is pretty much … (10 comments)

should I lock or float my Mortgage? This weeks economic calendar - 10/27/08 03:26 PM

This week's Economic calendar.
The markets are dysfunctional; they are totally unhinged and Economic fundamentals no longer apply.  So trying to predict what is going to happen next  is impossible, even for the seasoned analyst to figure out what the market will do from one day to the next!  This week's calendar is loaded up with quite a bit of information for the markets to digest:
Monday 10/27:  September New home Sales, expected down 2.1%. It wasn't expected to move the market, it did not Tuesday 10/28: Day one of the Fed FOMC meeting Tuesday 10/28: October Consumer Confidence, Expected … (2 comments)

This week's Economic calendar. Should I lock, or Should I float? - 10/27/08 02:49 PM
This week's Economic calendar.
The markets are dysfunctional; they are totally unhinged and Economic fundamentals no longer apply.  So trying to predict what is going to happen next  is impossible, even for the seasoned analyst to figure out what the market will do from one day to the next!  This week's calendar is loaded up with quite a bit of information for the markets to digest:
Monday 10/27:  September New home Sales, expected down 2.1%. It wasn't expected to move the market, it did not Tuesday 10/28: Day one of the Fed FOMC meeting Tuesday 10/28: October Consumer Confidence, Expected to … (2 comments)

October 20, 2008 Financial calendar, should I lock or should I float? - 10/20/08 03:48 PM
 
The Million dollar question as always.  What is happening with interest rates??? this is a more difficult question to answer now than it usually is since the markets are not reacting to news as one would expect.
In the past month we have seen a fairly significant run up in interest rates, bouncing from the high fives quickly into the 6's... At one point it looked like we were going to break into the 7's, luckily we have seen things settle down now and rates are slowly settling (just not that noticeably... it has been a slow move for the dust … (6 comments)

Do you have a fun Halloween story? I do.... - 10/18/08 10:23 AM
My Fun Halloween Story
After a fun Active rain Back and forth comments with Amanda Hendershot I had the idea of sharing some fun Halloween stories.
So here is your assignment:
What is your Halloween story that sticks in your memory?  And are you willing to share it with your friends at Active Rain? Here is my story:
I have been an Active member on many committees of my local board of Realtors for to many years to count, (Ocean County Board Of Realtors).  For years we hosted a Halloween party at a local watering hole in Seaside, Costumes, prizes and all. Every year … (15 comments)

Scouting in NJ (finally a photo of me in uniform) - 10/18/08 09:40 AM
 
If you have read any of my blogs you probably know that I am an Assistant Scout master for my sons Boy Scout Troop. Way back as we started this past summer I promised to post a picture of me in my Scout Uniform. it is about 4 months over due, but I finally have one to post. I should  be back packing this weekend with my boss and our sons on the AT, but Doug's Son sprained his ankle, so I have time to play with the computer ..  I picked up a new all in one printer/scanner/fax/copier/coffee maker and had to … (17 comments)

Yes you CAN still get a loan. - 10/02/08 04:06 PM
 
For the past week or two we have been receiving calls from our clients asking if they are still able to get a loan. These calls have been for clients who are buying homes, are approved and just weeks away from closing.  All of the negative articles and news has consumers running scared and has pushed some of them under rocks, like chicken little... except the Sky is NOT falling!
Most people have heard the bail out plan that has been in the news this week is because credit has dried up and banks are not lending. While this is … (11 comments)

 
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Robert Rauf

Toms River, NJ

More about me…

REMN - Real Estate Mortgage Network (NJ)

Address: 16 Madison Ave, Building 2 Suite 2D, Toms River, NJ , 08753

Office Phone: (732) 557-6920 x 102

Cell Phone: (732) 740-0175

Email Me

The mortgage market is ever changing, do not be afraid to ask what is new!


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