Special offer

East Bay Mortgage & Market Update for March 15th 2011

By
Real Estate Agent with Tucker Associates Real Estate Services Broker, CalBRE 01165309

East Bay Mortgage & Market Update for March 15th 2011

East Bay Mortgage & Market UpdateEconomic News:  The release of the Empire State Manufacturing Survey this morning highlighted strength in the New York region manufacturing sector. The Housing Market Index (National Association of Home Builders) had its first increase in four months with a reading of 16. As a scale readings above 50 are considered "optimistic". The FOMC (Federal Open Market Committee) will release their minutes  at 11:15 PST today with the consensus that monetary policy will remain unchanged. Lastly, Crude Oil has broken back under the $100 per barrel price and is trading at $98.58.

Mortgage Markets:  The 10 Year Note is currently trading at 3.299% as the events in Japan have brought on a “flight to quality” during this uncertain period. Mortgage Backed Securities are also trading higher but are losing a bit of ground as the day rolls on.

This Week’s Reports:  Tuesday:  Housing Market Index & FOMC Meeting Announcement  Wednesday:  Housing Starts & Producer Price Index Thursday:  Jobless Claims & International Trade  Friday:  Quadruple Witching (Occurs on the 3rd Friday of every March, June, September & December)

As the events unfold in Japan my family’s prayers are with all those who have been affected by this tragedy and hope that the next days, weeks and months will afford the people the chance to begin rebuilding their lives. Below are two links to offer assistance to the victims.

 

American Red Cross        Salvation Army

While I do not originate loans I make it a habit to keep abreast of mortgage & market conditions. If you are thinking of purchasing a home the first step is to meet with a mortgage professional. I will gladly provide several top notch Bay Area advisers for your review if you are in need of a referral.

Stay tuned for the Next East Bay Mortgage & Market Update 

Posted by

Thinking of Buying, Selling or would just like to discuss what's going on in your neighborhood?

 Call...

Doug Anderson

Doug Anderson An Independent Real Estate Broker - Executive Brokers, sm

 800.900.2634 Toll Free...925.974.1171 Direct...925.570.0611 Mobile

 

Alamo Homes For Sale          Blackhawk Homes for Sale

 

San Ramon Home Search          Danville Homes for Sale

 

Walnut Creek Homes for Sale          Contra Costa Bank Owned Homes

 

Twitter          Tri-Valley Living          LinkedIn

 
California Bureau of Real Estate Broker Licenses 01165309 and 01190879 

Any statistics were compiled from Public Records and other industry sources and are deemed reliable but not guaranteed. Any square footage quoted is approximate and requires buyer verification. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, family status or national origin.

 

Equal Housing Opportunity

© J. Douglas Anderson 2010-2013 All Rights Reserved

Charles Edwards Bentonville
Coldwell Banker Harris McHaney & Faucette 479-253-3796 - Bentonville, AR
AR REALTOR, Bentonville Real Estate Agent and Broker

Thanks for the update Doug. Like the old Anne Murray song said, 'sure could use a little good news today'. I like the inclusion of the Salvation Army and Red Cross links.

Mar 15, 2011 07:52 AM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Thanks very much Charles. There is some good news out there it is just a bit overshadowed by current events. Hopefully the donations will continue to rise.

Mar 15, 2011 08:55 AM
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Doug,

I didn't receive a call from NAHB, perhaps because my optimism for new upscale home construction in CA would have skewed the numbers (I smile).

Joining with your prayers for Japan,

Steve

Mar 16, 2011 01:08 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks again for another mortgage market update!  I am joining also with thoughts and prayers for Japan!

Mar 16, 2011 01:53 AM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

You were not too far off Steve. The West was the bright spot in the report. I should have mentioned that.

Mar 16, 2011 03:40 AM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Thank you Renee. I am hoping that they can get the nuclear situation under control.

Mar 16, 2011 03:42 AM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Our household has always donated after natural disasters, but the number of natural disasters lately (hurricanes, Chile earthquake, New Zealand earthquake, Haiti earthquake, and now Japan) could almost bankrupt a household.

Mar 16, 2011 04:04 PM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Jim: That is true. While our family denotations have dropped with the economy and number of disasters every little bit can help. Even if in a small denomination.

Mar 16, 2011 05:17 PM