Mortgage rates remained steady last week with Retail Sales coming in lower than expected. This will be an interesting week with the Federal Reserve meeting scheduled to decide whether or not to begin the expected bond tapering. The markets celebrated Larry Summers taking his name out of the running as Chairman of the Federal Reserve. Summers had been a critic of quantitative easing and the markets are thrilled he will not be in charge of dismantling the taper. Many analysts expect the Fed will slowly decrease its bond purchases by $10 Billion per month. If the Fed announces a similar tapering policy, mortgage rates should rise. A further delay in tapering could be interpreted as the Fed believes the economy is stumbling again and rates could move downward.
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Christopher Shearer is a multi-family / commercial real estate consultant achieving property owners the highest possible NOI through the implementation of optimal rents for the property, accomplished through careful market, property, comparison grid analysis, effective cost control and revenue improvement programs; identify and analyze trends and recommending appropriate strategies to increase a properties maximum efficiency. Expert at Preparing new investment analysis presentations, offering memoranda and marketing materials, including key investment metrics. IRR, COC, DCR, CR etc. A seasoned professional, with over 15 years' experience in real estate and finance management. A real estate broker licensed in Florida and Virginia specializing in real estate and asset management of multi-family and commercial properties. Christopher is currently pursuing his M.B.A. in real estate, he holds a B.A. in business as well as an A.A. in business management. Christopher has the following state licenses; Virginia Real Estate Broker, Florida Real Estate Broker, Florida Mortgage Broker and Colorado Mortgage Broker. Contact me for a consultation and analysis of your commercial or multi-family properties.