economy: This Week in Lending - 06/13/11 09:17 AM
While mortgage rates reached a new low for the year during the middle of the week, they ended nearly unchanged. It was a light week for economic data, and demand for the Treasury auctions was close to average, so investors had little reason to alter their outlooks. Economic growth during the first half of the year has been slower than expected, and the consensus economic outlook is for just a modest pick up in growth later in the year, with continued low inflation. This week's Beige Book confirmed that economic growth is moderate in most regions with few inflationary pressures. In … (1 comments)

economy: This Week in Lending - 05/31/11 08:27 AM
Many factors were favorable for mortgage rates this week. Weaker than expected economic data, strong results for the Treasury auctions, and renewed concerns about weaker European countries all helped mortgage rates end the week at the lowest levels of the year. All of the major economic data released during the week was weaker than expected. First quarter Gross Domestic Product (GDP), the broadest measure of economic growth, was unchanged at 1.8%. Most investors expected the figures to be revised higher to at least 2.0%. April Durable Orders fell 4% from March, which was the largest monthly decline since October 2010. Weekly … (1 comments)

economy: This Week in Lending - 05/23/11 08:27 AM

Weaker than expected economic data helped mortgage rates decline to the lowest levels of the year early in the week. On Wednesday, though, a reminder that the Fed will eventually sell its portfolio of mortgage-backed securities (MBS) helped to erase the improvement. These two influences offset each other, and mortgage rates ended the week nearly unchanged.The economic data released this week fell far short of investor expectations almost across the board. The most significant report, April Industrial Production, was unchanged from March, which was well below the consensus forecast. Manufacturing output was hurt by a shortage of parts from Japan … (0 comments)

economy: Let's Put Things into Perspective... - 04/27/11 08:26 AM
It's 1971...
You have your Firebird & Led Zeppelin's blaring in the background . . . . or you have your bell bottoms, afro & disco ball!
     
You pay..
40 cents per gallon for gas..
8 cents for a stamp..
43 cents per pound for Turkey..
$150 per month in rent..
the average new home sale is $25,250..
and your interest rate is 7.48%!
 
Today's Interest Rates -> Starting around 5%
 
Even in the 70's you couldn't borrow money as cheap as you can today!!
What are you waiting for..??

 
(3 comments)

economy: This Week in Lending - 04/27/11 04:57 AM
With little economic data, it was a relatively quiet week for mortgage rates. The biggest economic news was a surprise warning from a major rating agency that it may downgrade US debt, but investors viewed this as positive for bonds. As a result, mortgage rates ended the week a little lower. On Monday, S&P unexpectedly announced that it had lowered its outlook for US debt due to growing budget deficits. Basically, this means that S&P sees a higher risk that they will need to downgrade the credit rating for US debt over the next couple of years. A lower credit rating … (0 comments)

economy: This Week in Lending - 04/19/11 05:56 AM
On target inflation data and strong demand for the longer-term Treasury auctions were favorable for mortgage rates this week. The other major economic reports contained few surprises. As a result, mortgage rates ended the week lower. In recent weeks, the primary influence for mortgage rates has shifted from global events in Japan and the Middle East to the outlook for inflation. Last week's rate hikes in Europe and China to fight inflation raised concerns that the Federal Reserve was falling behind with its lack of tightening, and mortgage rates moved higher. This week's tame inflation data eased those concerns, however, and … (1 comments)

economy: Interest Rates are "Movin' on up...!" - 04/11/11 06:50 AM

With little other economic news, inflation concerns weighed on mortgage rates this week. Despite rising commodity prices, Fed officials appear to be in no rush to tighten monetary policy. Investors, worried about the risk of higher inflation, pushed mortgage rates a little higher.While the ECB (European Central Bank) and China raised rates this week to fight inflation, US Fed officials continued to downplay the risks. According to the Fed Minutes released this week and in recent statements, the majority of Fed officials maintain the view that higher commodity prices are unlikely to raise future inflation expectations. These officials expect the … (2 comments)

economy: The Domino Effect - 03/22/11 09:31 AM
World events overshadowed domestic news in driving mortgage rates this week. The disaster in Japan and the violence in the Middle East helped push mortgage rates a little lower. Stronger than expected US economic data had just a small impact.The current environment is rare in that unrelated events in different parts of the world are exerting such a strong influence on US mortgage rates. While global economic growth rates are always a significant factor, they generally shift at a gradual pace. What makes the disaster in Japan so unusual is that it produced a very abrupt decline in the economic outlook … (0 comments)

economy: Violence in the Middle East = Improvement in Interest Rates in the States! - 03/14/11 10:49 AM
Concerns about the pace of global economic growth and continued violence in the Middle East helped mortgage rates improve this week. Very strong demand for this week's longer-term Treasury auctions was also favorable. As a result, mortgage rates moved lower during the week.The fighting in Libya continued this week, and violence spread to Saudi Arabia. Geopolitical tensions generally benefit bonds as investors seek out relatively safer assets. Unrest in oil-producing nations has the added impact of pushing oil prices higher. When consumers and businesses must spend more for energy, they have less money to spend on other items. This slows economic … (0 comments)

economy: Interest rates on the rise..!?? - 03/07/11 02:14 PM

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economy: This Week in Lending... - 02/07/11 07:35 AM

Inflation concerns hit bond markets this week. Despite soothing comments from Fed Chief Bernanke, stronger than expected economic growth and higher commodity prices raised investor fears that future inflation may increase. As a result, mortgage rates moved higher during the week.Global economic growth has been picking up, particularly in developing countries, which has increased the demand for commodities. Many developing countries already have had to deal with rising inflation, and readings in Europe have moved higher recently as well. In the US, Fed officials tend to focus on core inflation (which excludes food and energy), and these measures have been … (0 comments)

economy: This Week in Lending - 12/13/10 09:27 AM
Every Monday in our Team meetings our in-house lender stands up and gives the office an update on where we are in the world of lending.  For today's blog I thought I would share the information.
"It was another extremely volatile week for mortgage rates. Stronger than expected global and domestic economic data pushed mortgage rates higher early in the week, particularly on Wednesday. Friday's weaker than expected Employment report helped mortgage rates recover some losses, though. In the end, mortgage rates finished the week moderately higher.Nearly all of the economic data released this week prior to the Employment report was … (1 comments)

economy: Dear Realtor - I need you to host an open house every weekend to get my home sold! - 10/18/10 11:55 AM
Dear Mr. and Mrs. Seller,
It is important for you to know that, according to the National Association of Realtors (NAR), only 2% of buyers found the home they purchased at an open house.  Please know that I am holding your house open today as a way to meet prospective buyer clients, not necessarily sell your home.  If you want an open house to sell your home, then perhaps I should hold another house open and then tell the visitors about your home.  I know this may sound surprising, but these are simply the facts.
Thanks!! ;)
 
I think as Real Estate … (2 comments)

 
Britney Elizondo, Your Dallas Home Buying Specialist :: 940.453.5308 (Keller Williams Realty)

Britney Elizondo

Your Dallas Home Buying Specialist :: 940.453.5308

Dallas, TX

More about me…

Keller Williams Realty

Address: 1811 Greenville Avenue Ste. 100, Dallas, TX, 75206

Office: (214) 515-9888

Mobile: (940) 453-5308

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