Atlanta, GA Market Update - November 18, 2010
It's now a daily occurrence and volatile market with $600 Billion being put into the economy by the Federal Reserve Bank. Good to see people following this closely. Increases in the money supply could mean inflation, which means tightening of money, raising interest rates, etc. NOW is a good time to buy!
The market opened on Thursday morning with Mortgage Bonds once again trading lower. This comes as investors leave the safe haven of Mortgage Bonds and move to the riskier stock market.
The Philadelphia Fed Index came in much higher than anticipated for November. The report was almost 5 times better than expectations of a 5 reading. November came in at 22.5 after October's level of 1. The reading was also its highest level in near a year.
Global stocks also surged on news from Ireland. It looks as though they will be accepting aid to assist with their debt crisis.
It is always advisable to consult with a Certified Mortgage Planning Specialist (CMPS) when navigating today's turbulent mortgage and real estate marketplace. As a CMPS professional, I am committed, qualified and equipped to help you evaluate your options!
Also check out:
Conventional Financing Mortgage Program Overview/Updates
FHA Financing Mortgage Program Overview/Updates
Georgia Dream Down Payment Assistance Program Overview/Updates
HomePath Financing Mortgage Program Overview/Updates
USDA Financing Mortgage Program Updates
Programs Include:
- Conventional (Fannie Mae & Freddie Mac)
- Fannie Mae HomePath - #1 Volume Retail Lender
- FHA
- FHA 203K Renovation Loans (Streamline or Consultant)
- Georgia Dream Down Payment Assistance
- Jumbo
- USDA
- VA
- Conventional Condo Project Approvals
- FHA DELRAP / HRAP Condo Project Approvals
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Rodney Mason is a Certified Mortgage Planning Specialist located in Atlanta, GA. He is also 203K Renovation Loan and HomePath REO Property Specialist. He can be reached at (404) 591-2453.
Providing financing for cities across Georgia including: Acworth, Albany, Alpharetta, Athens, Atlanta, Augusta, Austell, Avondale Estates, Blairsville, Bloomingdale, Blue Ridge, Bogart, Brunswick, Buckhead, Buford, Canton, Carrollton, Cartersville, Chatsworth, Clayton, College Park, Columbus, Commerce, Conyers, Covington, Cumming, Dahlonega, Dacula, Dalton, Dawsonville, Decatur, Doraville, Douglasville, Duluth, Dunwoody, East Point, Fayetteville, Flowery Branch, Gainesville, Greensboro, Hampton, Hapeville, Hinesville, Hiram, Jackson, Jefferson, Jonesboro, Kennesaw, Lagrange, Lawrenceville, Lilburn, Lithia Springs, Macon, Madison, Metter, Morganton, Morrow, Newnan, Norcross, Oakwood, Peachtree City, Pooler, Richmond Hill, Riverdale, Rome, Roswell, Sandy Springs, Savannah, Scottdale, Statesboro, Stockbridge, Stone Mountain, St Marys, Sugar Hill, Suwanee, Thomasville, Thunderbolt, Tucker, Tybee Island, Valdosta, Waleska, Warner Robins, Waycross, Wilmington Island, Winder, Woodstock, and many more.
Providing financing for cities across Alabama including: Alabama Port, Anniston, Athens, Auburn, Bessemer, Birmingham, Boaz, Bridgeport, Cedar Bluff, Chickasaw, Clayton, Coden, Dauphin Island, Decatur, Dothan, Eufaula, Fairfield, Fairhope, Florence, Foley, Forestdale, Fort Morgan, Fort Payne,Gasden, Grand Bay, Gulf Shores, Heron Bay, Homewood, Hoover, Jasper, Josephine, Madison, Meadowbrook, Midfield, Mobile, Mon Louis, New Hope, Orange Beach, Oxford, Oyster Bay, Phenix City, Prichard, Rainbow City, Saraland, Satsuma, Scottsboro, Selma, Troy, Theodore, Tillmans Corner, Trussville, Tuscaloosa, Vestavia Hills, Warrior and many more.
NMLS #151088 - Licensed in AL & GA.
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