Eleanor's RTP Blog

Mortgage and Lending - Equity Resources - NMLS 67179 Licensed in NC
Covering housing and economic trends of all points surrounding the RTP / RDU (Research Triangle Park), including the major markets of Cary, Holly Springs, Raleigh, Wake Forest, Chapel Hill, Durham and Johnston County.



The S&P/Case Shiller Home Price Index showed the largest year over year loss in appreciation since the 20 City Index started in 2000.  Economist expected us to see a decline of 7.1% and the November data shows a decline of almost 8%. In other housing news this week, Ryland Group Inc. Chief Execut...
    Today the Federal Reserve begins it's scheduled meeting.  The Durable Goods Orders announced this morning was much stronger than expected.  This will likely cause rates to go up as part of the "Good News for the Economy is Bad News for Interest Rates!" Higher Durable Goods Orders means that t...
              The Mortgage Bankers of America posted an Executive Podcast Forecasting 2008.  The comments started with comments addressing how many of our collegues are out of the business, but also points to borrowers who acted in ways that created the current issues we all feel in the Economy. ...
Here in Cary, NC we are lucky that we have a strong real estate market - yes there are many new homes "on sale" as New Home Builders have a large inventory - but overall we are LUCKY that we have APPRECIATING property values! Now we find that  Rates could go below 5%. The Fed Reserve has lowered ...
Dark clouds are brewing over the family farm... Prior to the Fed's move a couple of minutes ago - the 10 year was already trading at a level that would allow us to offer 30 year fixed mortgage rates at 5.0% or lower.  I would be surprised if we do not see rates at or below 5% when rates come out...
204 Oxford Mill Court Cary, NC 27518 Beautiful Kensington Home! Home Complete Details Photo Gallery Property Map Financing Request a Showing Contact Me Johanna and Chuck Brown Office:919-469-6535 Mobile:919-434-6693 Website:Visit Website Price : $849,900 Bedrooms : 4 Bathrooms : 4 Square Foot : ...
Too Bad - So Sad - rates are not likely to continue hitting the bottom numbers for much longer.  That's right - the Economy is suffereing, yet some think that rates could be headed HIGHER! How can that be?  The New York Times Magazine has an article that will be out on January 20, 2008 by ROGER ...
I work with my husband  I and once bought him a crystal ball for his desk so that he could look at it and advise clients... at least I thought it was cute!In the next few days CNBC thinks that Bernanke should lower rates based on the two sad reports that came out today.  Gold is nearing $1000 an ...
NOT THE RESPONSE I EXPECTED...I emailed several agents in our area this morning to say that I was currently using a canned site just like them - and wanted to spend 10 or 15 minutes discussing how they were customizing their site and what widgets they are using.I felt pretty darn comfortable with...
So the Fed announced that they are thinkin' about maybe lowerin' their rate at the end of the month. That's nice.Here's My Concern With It...  They are lowering rates because the housing market is still tanking in many areas of the country (not mine thank goodness!) and that means fewer taxes col...

Eleanor Thorne

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