Posts Tagged ‘interest rates’
Rising Rates!
Who doesn’t want to save a little anywhere they can? I know I do. I want to share a few ways that you can save on your mortgage. With rates expected to climb a little this year, it’s becoming top of mind with many clients. Here’s the bottom line: just because you have a loan…
Read MoreJust reduced to $185,500!
1117 SW 131st St OKC, OK 73170 Eastlake $185,500.00! This home could be yours!!! 3 bed, 2 bath, 2 living, 2 dining, 2099 sqft/mol and built in 1995. Large formal dining area with “wood” tiled floors. Kitchen has bar seating, pantry, and plenty of cabinet space. Bonus room upstairs could be a bedroom, game room,…
Read MoreBuyers that are on the fence…
Are you thinking about buying a home soon? If you are on the fence about buying a house, the chart below shows trends in interest rates since 2000 that will make you want to pull the trigger and move forward. The interest rates are rising! The Feds made another announcement this past Wednesday that they…
Read MoreWeekly Mortgage Update
It was a rather quiet week regarding economic data. The big news was Greece. Apparently they have agreed upon a solution to handle their debt…but that is BEFORE their elections, which happen soon. No one knows if the resolution will stick or not. So the markets reacted accordingly and at the end of the week,…
Read MoreThe “New Normal”
The “New Normal” is what this week is about. The clients ‘reality’ is often out of date and it is the Realtors job to change the clients ‘reality’. This involves getting our borrower/buyer to believe in us instead of their other sources of information. Rates have ticked up over the past 2 weeks because fears…
Read MoreWeekly Mortgage Update
Not a lot of news in this shortened week. The big news was really President Obama’s speech. But more government intervention, while helpful in some regards, is still more of a Band-Aid in my opinion. The Fed Beige Book showed some districts with stronger economic growth (Dallas) and some with slower growth (Philly, Richmond and…
Read MoreWeekly Mortgage Update
The Volatility index or the ‘vix index’ is what this week was all about. Basically that is Wall Street’s measure of fear – they call it volatility. When things are calm and people know that they aren’t likely to loose money, the vix is low. When there is FEAR in the markets, the vix is…
Read MoreWeekly Mortgage Update
There was not a lot of news this week. Both the consumer and producer price indices came in showing inflation basically unchanged from last month and within the target range of the Fed. One interesting note was that the Empire State Manufacturing Index and the consumer confidence number came in lower than expected. This tells…
Read MoreWeekly Mortgage Update
It’s the flight to safety effect coming into play again this week as the S&P index has dropped approximately 10% and fears continue over Greek and Portuguese debt. The flight to safety occurs when investors become less concerned with a rate of return and more concerned with just keeping what they have. The US bond…
Read MoreWeekly Mortgage Update
Good news! The employment numbers for March came out strong today. The unemployment rate dropped too. All of this underscores the fact that the economy is doing better. Combine this with the Core PCE index, the Fed’s measure of inflation, coming in at an annualized rate of 2.4% and you have definite upward pressure on…
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