real estate news: Economic Update: Not such a great week for interest rates, This is what happened: - 05/08/09 11:16 AM
End of the Week Market update
This ended up being a pretty ugly week for interest rates. Yesterday's Treasury Auction pushed the yield on a 30 yr Bond up to levels we have not seen since November. This caused a sell off in the stock market along with a sell … (5 comments)
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real estate news: 20 year Interest Rate history, How Low can they go? Pretty Color Graphics too! - 04/28/09 07:51 AM
Below is a great chart of interest rates for the past 20 years. A few things to note:
If you went back a few more years than shown on this chart, rates were MUCH higher in 1989 I paid 11.25 on my first mortgage!
Points were very much the norm years … (17 comments)
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real estate news: Interest rate Movers: This weeks Economic Calendar April 27, 2009 - 04/27/09 11:07 AM
What is happening with rates this week?
Based on the economic calendar and expected "happenings" this week I think we may see a slight improvement in rates by weeks end. There is quite a bit going on this week - from Auctions, To Fed Meeting to a laundry list of data... and … (4 comments)
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real estate news: Economic Calendar for 4/6/09: What might move Interest rates this week - 04/06/09 12:49 PM
Welcome to My Weekly Economic Calendar!
This week is a quick one. with the Easter Holiday coming up we will have a holiday shortened week, which tosses in a little confusion into the mix. (More on that in my comments below)
Here is a synopsis of this week's news:
Monday, … (4 comments)
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real estate news: Economic Calendar March 16, 2009: What Might happen with Mortgage Rates... - 03/16/09 01:28 PM
What may move Mortgage Rates this week?
This weeks Economic Calendar is full of information but it is not likely that any of the data will move the markets much. As I have been mentioning all year... 2009 is the year of the stock market driving the credit markets. More on … (8 comments)
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real estate news: Are we Going to Lose the Mortgage Interest Deduction? - 02/27/09 04:40 PM
CAN THE REAL ESTATE INDUSTRY AFFORD TO LOSE THE MORTGAGE INTEREST DEDUCTION?
President's Plan May Cut The Mortgage Interest Deduction
I just received this release from the NJAR Week in Review. There is already talk of bumping the tax rate up to 39% for people in this income bracket, and now … (9 comments)
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real estate news: $787 Billion: How can that Benefit us Now? - 02/20/09 02:23 PM
We have heard a lot of talk about the $787 billion government stimulus package. Much of the package is still an unknown... the full details on the Foreclosure plan are not due out until early March, and that will take some time to filter down to the market. We do … (8 comments)
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real estate news: First Time Buyer Tax Credit.... Whats new for 2009. - 02/19/09 10:39 AM
New Revisions to the Tax Credit for 2009
As modified in the American Recovery and Reinvestment Act
Here are the quick down and dirty bullet points for the revisions to the tax credit. While we may have 'lost' the $15,000 carrot that was dangled over the past few months there … (4 comments)
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real estate news: Mark your Calendar: February 4th 2009. - 01/27/09 11:58 AM
Real Estate Mortgage Network is sponsoring a seminar with Master Real Estate Trainer Oscar Marquez.
Who: Oscar Marquez, www.leadersedgetraining.com sponsored by REMN
What: Free Seminar: Build Your Business the right way and take your career to the next level.
When: February 4, 2009 Coffee & Registration 9am, Seminar 9:30-12:30
Where: Hilton … (3 comments)
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real estate news: This weeks Economic Calendar: What will move interest rates? - 01/19/09 01:14 PM
Whats up (or Down) in Rates this week?
This is a holiday shortened week. As you are probably aware Today is MLK day... a Federal holiday so the Mortgage Market is closed. The rest of this week is a fairly quiet one with the exception of the Inauguration tomorrow.
… (3 comments)
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real estate news: The most recent FED announcement makes now the time to buy! - 11/25/08 11:53 AM
Happy Thanksgiving!
Thanksgiving came a bit early this year in the form of an announcement from Uncle Sam.
The Federal Reserve along with the Treasury announced that it will be pumping more money into the economy to the tune of 800 BILLION dollars. $500 billion of which will be slated towards … (2 comments)
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real estate news: Treasury announcement has caused a BIG drop in Mortgage Rates! - 11/25/08 11:48 AM
Happy Thanksgiving!
Thanksgiving came a bit early this year in the form of an announcement from Uncle Sam.
The Federal Reserve along with the Treasury announced that it will be pumping more money into the economy to the tune of 800 BILLION dollars. $500 billion of which will be slated towards … (2 comments)
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real estate news: Mortgage rates, This weeks Economic Calendar - 11/17/08 03:06 PM
It is another busy week of economic data, all of which is anticipated to support the possibility of lower mortgage rates. Here is what is in store for this week:
Monday Nov 17: October Industrial production and Capacity Utilization; expected -0.5% and 76.1. Past reports have shown slowing factory orders … (3 comments)
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real estate news: Interest rate History over the past 20 years.... Pretty color chart and all! - 11/13/08 02:58 PM
If you have read my profile you know that I have been in the business for over 20 years, I have seen a lot of ups and downs since the late 1980s both in business and in interest rates. One thing that has always caused me to bite my tongue … (16 comments)
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real estate news: This weeks Economic Calendar: Should I lock or should I float? - 11/10/08 12:20 PM
This weeks Economic Calendar is dominated by Treasury Auctions:
Monday Nov 10: Treasury Auctions $25 BILLION of 3 year notes. This is the first auction of the week which is expected to be a record for a Treasury auction in November (Last November we saw $18 billion)
Monday 2pm: credit … (8 comments)
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real estate news: FHA announcement New Loan Limit for 2009 - 11/10/08 11:31 AM
Surprisingly we have Conventional and FHA limits being announced with in a few days of each other. HUD announced in it's mortgagee letter 2008-36 the new FHA limits for 2009.
12 counties in NJ fall into the "High Cost" limit for FHA included would be Monmouth and Ocean counties.
One-Unit: $625,500
Two-Unit: … (5 comments)
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real estate news: NEW FHA limits are posted early this year! - 11/10/08 11:22 AM
Well, close on the heels of the conforming limit being announced on Friday, HUD announced in it's mortgagee letter 2008-36 the new FHA limits for 2009.
It appears that the base stimulus limit will stay at $417,000 to determine the floor and ceiling limits as follows:
In areas where 115 … (6 comments)
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real estate news: Fannie Mae announces New Conforming Limit for 2009 - 11/07/08 11:56 AM
Below is the letter that was just released today from the FHFA for 2009's Conforming Loan limits. The good news is the base $417,000 number remains unchanged, even though the calculation in the past 2 years should have seen that number drop based on the median prices falling. In high Cost … (7 comments)
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real estate news: Market update, post election: What happened to interest rates? - 11/05/08 03:27 PM
Market update, post election: what happened to interest rates?
Well, it started yesterday, Tuesday November 4th. There was a big sigh of relief in the credit markets where we saw one of the biggest rallies we have seen in a long time, and the prices of mortgages were driven WAY up … (3 comments)
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real estate news: 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 … (6 comments)
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