economy: U.S. Treasury Notes Advance as Drop in Stocks Increases Demand - 01/26/08 02:16 AM
Treasury notes gained, posting their sixth straight weekly advance, as a decline in stocks fueled concern that the U.S. economy will fall into recession. Traders pushed U.S. government debt to the best start to a year in two decades on speculation the Federal Reserve will cut interest rates by as much as a half-percentage point Jan. 30. Volatility in Treasuries reached the highest in a decade this week as policy makers slashed their target in an emergency move, while stocks had the longest slide since 2002.
The 10-year note yield dropped 14 basis points today to 3.57 percent. The yield touched … (1 comments)

economy: NEW FHA LOAN LIMITS UP TO $730,000!!!! - 01/26/08 02:12 AM
As part of the economic stimulus package being negotiated by House Democratsand the Treasury Department, Fannie and Freddie loan limits will increasedfor one year up to $730,000. The increase will be adjusted for local marketsat 125% of local median home price. The move will significantly improveliquidity and pricing in the jumbo market. The agreement also includesraising the FHA loan limits to the same amount. We are trying to confirmwhether the other provisions of FHA reform will be included (such aslowering downpayment requirements). But at a minimum, the loan limits willbe increased.This represents an agreement in principle and must still go through … (8 comments)

economy: AWESOME FHA NEWS!!! NEW HIGHER LIMITS!!! - 01/26/08 02:09 AM
As part of the economic stimulus package being negotiated by House Democratsand the Treasury Department, Fannie and Freddie loan limits will increasedfor one year up to $730,000. The increase will be adjusted for local marketsat 125% of local median home price. The move will significantly improveliquidity and pricing in the jumbo market. The agreement also includesraising the FHA loan limits to the same amount. We are trying to confirmwhether the other provisions of FHA reform will be included (such aslowering downpayment requirements). But at a minimum, the loan limits willbe increased.This represents an agreement in principle and must still go through … (0 comments)

economy: Countrywide New "Soft Market" Policy Changes - 01/26/08 02:07 AM
I recieved this e-mail and thought I'd pass it along...
Looks like teh declining housing market is here to stay for awile....and the lenders know it!
As you are well aware, 2008 is forecasted to be a challenging year for the mortgage industry, characterized by a declining Housing Price Index in a wide variety of metropolitan markets. In the context of the prominent threat to our industry of collateral values falling below outstanding loan balances, mortgage professionals must strive to ensure that borrowers do not take on loans that they do not have the ability or economic interest to repay. Because of these … (7 comments)

economy: Treasuries Decline as Stimulus Plan Reduces Demand For Debt - 01/24/08 04:35 AM
Treasuries Decline as Stimulus Plan, Stocks Dim Demand for Debt (edit/delete)
Ten-year Treasury notes fell for a second day as gains in stocks drew investors from government debt, pushing yields up from close to the lowest since 2003. Demand for the relative safety of U.S. notes and bonds waned on speculation that further cuts in borrowing costs by the Federal Reserve and an economic stimulus package will avert a recession.
Losses in Treasuries were limited as a report showed the nation's housing slump deepened. Purchases of existing homes fell 2.2 percent to an annual rate of 4.89 million, the National Association of … (0 comments)

economy: Treasuries Decline as Stimulus Plan, Stocks Dim Demand for Debt - 01/24/08 04:31 AM
Ten-year Treasury notes fell for a second day as gains in stocks drew investors from government debt, pushing yields up from close to the lowest since 2003. Demand for the relative safety of U.S. notes and bonds waned on speculation that further cuts in borrowing costs by the Federal Reserve and an economic stimulus package will avert a recession.
Losses in Treasuries were limited as a report showed the nation's housing slump deepened. Purchases of existing homes fell 2.2 percent to an annual rate of 4.89 million, the National Association of Realtors said today. For all of 2007, sales of single-family homes … (1 comments)

economy: Fed Cuts The rate .75 Percentage Point! - 01/22/08 01:08 AM
The Federal Reserve lowered its benchmark interest rate in an emergency move for the first time since 2001 after stock markets tumbled from Hong Kong to London and the U.S. economy showed increasing signs that it's headed into a recession. The central bank cut the target overnight lending rate to 3.5 percent from 4.25 percent
(I was guessing 1/2)  :-)
Policy makers weren't even scheduled to gather until next week! It's the biggest single reduction since the Fed began using the rate as the principal tool of monetary policy around 1990.
(0 comments)

economy: Fed Cuts Rate .75 Percentage Point! - 01/22/08 01:06 AM
The Federal Reserve lowered its benchmark interest rate in an emergency move for the first time since 2001 after stock markets tumbled from Hong Kong to London and the U.S. economy showed increasing signs that it's headed into a recession. The central bank cut the target overnight lending rate to 3.5 percent from 4.25 percent
(I was guessing 1/2)  :-)
Policy makers weren't even scheduled to gather until next week! It's the biggest single reduction since the Fed began using the rate as the principal tool of monetary policy around 1990.
(2 comments)

economy: The Rate Cuts Are Coming...The Rate Cuts Are Coming!! - 01/16/08 03:49 AM
Treasuries fell as higher-than- forecast reports on inflation and industrial production may reduce speculation the Federal Reserve will lower borrowing costs by more than a half-percentage point this month. Yields on benchmark 10-year notes were near the lowest level in more than four years. The housing slowdown and losses on securities linked to subprime mortgages have led investors to push the yields down in the past month by the most in more than two decades on bets the economy will fall into recession.
There are even talks that the FED may come in with an inter-meeting rate cut!!
Some analysts are even … (7 comments)

economy: Treasuries Fall on Higher-Than-Forecast Inflation - 01/16/08 03:47 AM
Treasuries fell as higher-than- forecast reports on inflation and industrial production may reduce speculation the Federal Reserve will lower borrowing costs by more than a half-percentage point this month. Yields on benchmark 10-year notes were near the lowest level in more than four years. The housing slowdown and losses on securities linked to subprime mortgages have led investors to push the yields down in the past month by the most in more than two decades on bets the economy will fall into recession.
There are even talks that the FED may come in with an inter-meeting rate cut!!
Some analysts are even … (0 comments)

economy: Two-Year Treasuries Rise as Bernanke Cites `Downside Risks' - 01/10/08 05:48 AM
Treasury two-year notes rose, pushing yields toward a three-year low, as Federal Reserve Chairman Ben S. Bernanke signaled the central bank may cut borrowing costs this month to offset ``downside risks.''
MAY cut most likely means, WILL cut!
Traders increased bets the central bank will reduce borrowing costs by a half-percentage point on Jan. 30 as Bernanke gave his first assessment of the economy since the Fed's Dec. 11 meeting.
With any luck, maybe these low rates will spur home sales!
:-)
(0 comments)

economy: Credit Card New Year's Resolution Ideas - 01/08/08 01:25 AM
Check all of your credit cards that you carry balances on to confirm the current rate. You may be surprised to see that some of these rates are higher than you recall. Remember that credit card rates can be changed very frequently and easily by the issuer, and rarely in your favor. And even better - give me a call to check your overall debt structure, and let's ensure that it makes sense based on your current financial goals.
Usually, just a quick call to your CC company to the # on the back of the card is enough to get them … (1 comments)

economy: Foreclosures...WHO REALLY LOSES? - 01/08/08 01:23 AM
Over the past several months a steady stream of large financial companies have given notice of large losses that they are sustaining as a result of the credit crunch and sub-prime mortgage market issues. So the question is, who really loses when a company or in this case an industry loses a lot of money?
Clearly, it is rarely the CEO of the firm. And obviously, it is initially the shareholders in the company, as the value of their investments plummet. But who really pays the price in the end...and how? Well, as many Americans are finding, the buck stops with the … (0 comments)

economy: Economic Forcast for the Week of 1/7/08 - 01/08/08 01:21 AM
The economic event calendar slows down significantly this week, with only one meaningful report scheduled to arrive on Thursday - Initial Jobless Claims, giving a look at the most recent reports of filings for unemployment. Considering the recent stats on higher unemployment levels, this report will be given special attention.
And notice how prices have recently separated far from their 25-day Moving Average, shown as a green line. Many securities tend to gravitate back towards their 25-day MA once they stray too far above or below it. This is called the "Leash Effect". Imagine a puppy on a leash straying too far...its … (0 comments)

economy: Economy Week In Review - 01/08/08 01:19 AM
last Friday's Jobs Report indicated that many more Americans than expected are not just imagining themselves without a job, they truly are without a job. The Unemployment Rate jumped up to 5.0% from 4.7%, and new job growth in December was reported at a paltry 18,000 jobs...with private-sector job growth actually falling by 13,000, the largest private sector drop in more than four years. And here's an interesting note - Hourly Earnings actually moved higher than expected. While this seems somewhat contradictory to a slowing jobs number, perhaps it means that employers are attempting to save money by paying more dollars … (0 comments)

economy: Treasuries Post Best Start Since 2001 on Unemployment - 01/05/08 04:01 AM
The Treasury market had its best start to a year since 2001 after U.S. unemployment rose to the highest rate in more than two years and manufacturing expectedly contracted.
The Federal Reserve will cut borrowing costs by a half-percentage point more than forecast to prevent a recession. Fed Chairman Ben S. Bernanke and six other policy makers speak about the economy next week.
Bernanke will speak on financial markets, the economic outlook and monetary policy in Washington on Jan. 10.
(0 comments)

economy: Fed May Not Avoid a Recession Even With More Rate Cuts - 01/05/08 03:56 AM
Bill Gross, manager of the world's biggest bond fund, said the Federal Reserve may not be able to avoid a recession even if central bank policy makers lower borrowing costs by at least another percentage point.
Wow! Scary News for sure!
Hiring in the U.S. slowed more than forecast in December and unemployment jumped to a two-year high.
The central bank has reduced its target for the overnight lending rate between banks three times since Sept. 18, bringing the rate to 4.25 percent.
Look for at LEAST a 1/2 point rate cut on January 30th. This is what they should have done at … (4 comments)

economy: Treasuries Gain After New Home Sales Decline to a 12-Year Low - 12/28/07 03:36 PM
Treasuries rose the most in more than two weeks and headed for the best annual returns since 2002 after a government report showed sales of new homes in the U.S. declined to a 12-year low last month. Ten-year note yields fell to the lowest level in a week after the Commerce Department said sales dropped 9 percent.
The three-month London interbank offered rate, or Libor, fell 10 basis points to a 22-month low of 4.73 percent
Riots in Pakistan after the assassination of former prime minister Benazir Bhutto added to investors' desire for the safety of government debt.  Unfortunately, global uncertainty and unrest … (5 comments)

economy: Treasuries Gain After New Home Sales Fall to a 12-Year Low - 12/28/07 02:02 AM
Treasuries rose the most in more than two weeks and headed for the best year since 2002 after a government report showed sales of new homes in the U.S. declined to a 12-year low last month. Ten-year note yields fell to the lowest level in a week as the housing slump prompted traders to raise bets the Federal Reserve will cut borrowing costs next month. Futures show the odds of an interest-rate cut by the Fed next month are 88 percent! ... Yippee! :-) ~Kris Krajecki Mortgage Specialist Fox Valley Mortgage 630-347-6321 … (1 comments)

economy: Weekend Surge Fails to Salvage U.S. Holiday Sales - 12/26/07 02:25 AM
Last-minute purchases over the pre- Christmas weekend failed to salvage what may be the slowest- growing holiday spending season in five years. Sales at stores open more than 12 months rose 2.8 percent last week...Retailers began cutting prices today to clear out merchandise left over from the weekend spending surge Macy's Inc.'s Bloomingdale's offered as much as 75 percent off men's clothes, and Lord & Taylor advertised half-off prices for children's coats today. I say look for another rate cut at the end of January! :-) … (0 comments)

 

Kris Krajecki

Mortgage Broker Huntley, IL

Huntley, IL

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Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL

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