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2012 Promises To Be A Better Year Than 2011.

By
Mortgage and Lending with George Souto NMLS #65149 FHA, CHFA, VA Mortgages NMLS #65149

 

2011 Close on a positive note for Mortgage Interest Rates.   Investors were not willing to take risks at the end of the year, as a result they sought safer investments like Mortgage-Backed Securities.   Because of this Mortgage Interest Rates remained low, and in some cases even went lower.

The end of 2011 also saw better economic news, especially in the jobs market, which resulted in an increase in consumer confidence.  A good indication of the increase in consumer confidence was the increase in home sales at the end of the year, much of which points to a stronger housing market in 2012.

Mortgage Interest Rates are predicted to stay low for the first quarter of 2012, and there does not seem to be any real treat of Mortgage Interest Rates going up any time in the near future.  What this means is that housing prices should stay very affordable, and with the apparent increase in consumer confidence, more home sales in 2012.  That would be a nice shot in the arm for a Real Estate Industry that has been slumping for a long time now

Regardless of what happens in 2012, at least we are starting off the year with a the hope for a better year than we started off 2011 with.  I for one hope that the expectations are correct and that 2012 Promises To Be A Better Year Than 2011.

 

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Who To Call For Your Mortgage Needs In Connecticut:

George Souto NMLS# 65149 is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308  gsouto@mccuemortgage.com, or visit my McCue Mortgage Homepage.

 

Posted by

George Souto
NMLS# 65149

C (860) 573-1308
CALL 7 Days/Wk
Fax (860) 760-6891

Email Me
About Me
My Blog

I am a Mortgage Loan Officer who can assist you with all your mortgage & refinancing needs in
CT, and RI

I can assist you with your Conventional,
FHA, CHFA, VA, USDA, & 203K loan programs.

I reside in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Haddam. E. Haddam, Higganum, Chester, Essex, Deep River.

 

Comments(18)

Shannon Coe
exp realty of California, Inc. - Oceanside, CA
760-586-5268, San Diego Realtor

I love good news! Active Rain is full of good energy this year! Can not wait to see what success 2012 brings us.

Jan 02, 2012 09:20 AM
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

I am being optomistic about 2012 as well George!  Thanks for an inspirational outlook for 2012!

Jan 02, 2012 09:35 AM
Janis Borgueta
Newburgh, NY
Retired RE Salesperson

Let's hope that we can get more deals done. I am super active right now and hope to be under contract with three pre construction homes in the very near future. I love the good news you bring.
I am optomistic that the start of this year will be an omen of whats to come for 2012.

Happy New Year!

Jan 02, 2012 11:16 AM
Catherine Ulrey
Keller Williams Capital City - Salem, OR
Equestrian and Acreage Property Specialist

I am excited for the new year as well, so glad to see so much energy out there!

Jan 02, 2012 12:59 PM
Catherine Ulrey
Keller Williams Capital City - Salem, OR
Equestrian and Acreage Property Specialist

I am excited for the new year as well, so glad to see so much energy out there!

Jan 02, 2012 12:59 PM
Catherine Ulrey
Keller Williams Capital City - Salem, OR
Equestrian and Acreage Property Specialist

I am excited for the new year as well, so glad to see so much energy out there!

Jan 02, 2012 12:59 PM
Christine Bohn
RE/MAX Professionals - Gainesville, FL
The Bohn Team, Gainesville FL

I am very postive about 2012.  Attitude is everything in our business, but I think the consumer will be more inclinded to buy in 2012 too.  Happy New Year!

Jan 02, 2012 01:30 PM
Brenda Mullen
RE/MAX Associates - San Antonio, TX
Your San Antonio TX Real Estate Agent!!

I am way positive about 2012 George!  I am starting it off with a closing and a new attitude :)!  

Jan 02, 2012 01:56 PM
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

George, the good news 2012 is here. Hopefully, everyone will figure out what did not work for them in 2011 and stop doing it in 2012. If anything 2011 was the year of learning, unlearning and learning. I know you got that one right. Thank you for encouraging a positive take on this new year. May it be your best yet! From Santa Fe, Emily

Jan 02, 2012 02:05 PM
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

George - I LOVE optimism, and love what I am reading here!   Thanks for the thumbs up on the year!

Jan 02, 2012 03:20 PM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

Well, let's see, I did 19 transactions in Dec 2011 and that more than doubled my year in a single month.

Then today, I started off with 2 leases, 1 listing, and I am meeting 2 buyers tomorrow.  And 27 new additions to my data base in 1 day.

Sounds like I am proving 2012 is whole new cycle finally.

Jan 02, 2012 03:26 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

George.

I hope it is a great year for you!

Ann Hayden in Wildwood, MO

Jan 02, 2012 03:56 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

I'm with you, I see 2012 starting out very well. As this political process continues, more people see hope. The American people will pull them selves out of where we are.

Jan 02, 2012 11:33 PM
Al & Peggy Cunningham, Brokers
RE/MAX West Realty Inc., Brokerage - Brampton, ON
Our Family Wants To Help Your Family!

George this was a much needed positive post. Let's hope it continues.

Jan 03, 2012 01:58 AM
Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

George - It is for me already!  I'm on track to make more in Q1 of 2012 than I did in all of 2011, if everything under deposit and contract closes!

Jan 03, 2012 12:59 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

George -- I am excited that it is 2012.. and there are some positive signs in the economy... I hope it continues.  I'm keeping my fingers crossed.  One of the biggest challenges now is europe... that could have an impact on all of us if things go down hill.

Jan 03, 2012 01:01 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

George, I am working to try and make the new year better. I too have seen an uptake in interest in investors

Jan 04, 2012 02:13 AM
Scot Rife
Centerville, OH

I agree. The amount of pre-approvals in January made it feel like July! The Spring homebuying season is in full swing.

 

Scot

Jan 31, 2012 11:13 PM