federal reserve: Mortgage Market Guide: Retail Sales and Housing Starts Disappoint - 06/20/17 04:15 AM
 
 
 
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Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 316-6800 or visit us online at www.ChristianPenner.com
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CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821.
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#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best #homemortgage … (0 comments)

federal reserve: Rate Hike No Surprise for West Palm Beach House Buyers - 04/06/17 12:38 AM

Rate Hike No Surprise for West Palm Beach House BuyersWest Palm Beach house buyers and sellers were not surprised in the least at last week’s Federal Reserve decision to notch up the Fed Funds short-term rates. For once, anticipating the move had been easy. The surrounding factors—the economy, employment, and consumer confidence measures—were all in unison, pointing to a meaningful improvement now underway.
Already, a day before Wednesday’s announcement, West Palm Beach readers could confirm what was coming: “Mortgage applications rise 3.1% as borrowers rush to lock in rates,” per CNBC on Tuesday; “Mortgage rates jump as economy revs up,” echoed MarketWatch.
The … (1 comments)

federal reserve: Mortgage Market Guide: First 2017 Rate Hike By Fed - 03/22/17 04:01 AM
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Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 316-6800 or visit us online at www.ChristianPenner.com
The Christian Penner Mortgage Team, A Branch of 
American Financial Network, Inc
CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821.
Call/Text: (561) 316-6800
Or You can click "Call Me" below to call Christian Penner directly using Google Voice

#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has … (1 comments)

federal reserve: For Jupiter Mortgage Shoppers, Bad News Isn’t Always Bad - 10/17/16 06:41 AM

For Jupiter Mortgage Shoppers, Bad News Isn’t Always BadIf you keep track of the ebb and flow of U.S. economic news, you might also be aware of how it relates to some things that happen here. Particularly in the way the Palm Beach County’s mortgage rates have been responding to the ups and downs of announcements from Washington, the cause and effect relationship has settled into a fairly predictable tango. Last month was no exception, with a dip from afar leading to some more good news here.
The less-than-buoyant news from Washington came in the form of what CNBC called a “weak” … (0 comments)

federal reserve: Another Business Booster from Christian Penner - The Federal Reserve and Interest Rates - 07/04/13 09:36 AM
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#Christian Penner, #Mortgage Broker West Palm Beach talks about #Real Estate West Palm Beach. He also serves other Local Areas and provides home #Mortgage Solutions for Palm Beach Gardens, #Jupiter, #Boca Raton, #Wellington and #Tequesta. … (0 comments)

federal reserve: FEDERAL RESERVE Press Release - 06/20/13 03:37 AM

Release Date: June 19, 2013
For immediate release
My view comments in red:
Now
Information received since the Federal Open Market Committee met in May suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown further improvement in recent months, on balance, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has strengthened further, but fiscal policy is restraining economic growth. Partly reflecting transitory influences, inflation has been running below the Committee's longer-run objective, but longer-term inflation expectations have remained stable.
 
This is the “yeah, … (0 comments)

federal reserve: It's official: Housing is back - 06/03/13 07:06 PM
It's Official: Housing Is Back
Prices are rising in 41 states, construction is booming and home builder stocks are on the rise. It's time to call the recovery.

Another week, another round of favorable housing news. So let’s stop dithering and call this race.
Housing has won. The real estate bears have lost.
Of course, whether you’re a skeptic who hates this Federal Reserve-driven recovery or simply one of those cautious types who don’t like to act hastily, it’s easy to scoff at this notion. After all, there’s no universal indicator indicating “recovery” -- and no balloons that drop if and … (0 comments)

federal reserve: West Palm Beach Real Estate Market Balancing Act: Rates vs. - 05/01/13 07:29 PM
 
When the Wall Street Journal or Forbes run mortgage rate stories as their lead items, those of us who keep an eye on the West Palm Beach real estate market pay close attention. I frequently share what they say here. But when even the non-financial outlets like USA TODAY and the cable TV news channels give top billing to real estate market news, it’s a real attention-grabber.
That’s what happened last week. USA TODAY’s online headline focused on the 15-year fixed mortgage rate, “at a record low 2.61%.” The cable news channels talked about record low rates, too (although … (0 comments)

federal reserve: Another Business Booster from Christian Penner - The Federal Reserve and Mortgage Interest Rates - 05/01/13 07:13 AM
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Consumers are often misled when it comes to the subject of the Federal Reserve and how it affects mortgage interest rates. Often the media is the culprit causing the confusion. Many times, the Fed has taken action that caused mortgage interest rates to move in a direction other than what consumers expected, because the media provided weak reporting on the subject.

The Federal Reserve affects short-term interest rate maturities, the Fed Funds rate, and the Overnight Lending rate. These factors have a direct impact on the Prime rate. If you took only this into … (0 comments)

 
Christian  Penner, Your Mortgage Lender - 561-316-6800 | 561-373-0987 (The Christian Penner Mortgage Team)

Christian Penner

Your Mortgage Lender - 561-316-6800 | 561-373-0987

West Palm Beach, FL

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The Christian Penner Mortgage Team

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