If you are considering purchasing a home now or in the future , here is some useful information that will  make applying for a mortgage smoother. Before searching for your new home, you should always get a pre approval letter.   This helps you know exactly what price range you should be looking in and when…

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The RED Team has been BUSY BUSY this past week and therefore, I keep forgetting to update the blog. Sorry everyone. I will try to do better this week! Also, if you are looking to buy a home or sell your home, call us! We have some great new homes on the market and some…

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It was another good week for U.S. economic data as January ended on a high note:  A robust gain of 243,000 payroll jobs (well above the consensus); A drop in unemployment from 8.5 to 8.3 percent; An increase in the ISM manufacturing AND non-manufacturing indices; And finally, an improvement in year-end housing starts.  This continues…

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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…

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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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There is an old curse my mother once taught me:  May you live in interesting times.  Honestly, I don’t think it’s a curse because I’d rather have an  interesting time than a boring one.  But markets don’t always like interesting and so we continue to see the push pull dynamic between world uncertainty and economic…

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It’s all about ‘Quantitative Easing – Phase 2’ this week. The buzz word for this is ‘QE2’. In layman’s terms, it means the Fed would print more money with the thought that putting more money into the system will spur business expansion and thereby job creation. But it’s a fine balancing act between the short…

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Did you know that FHA is raising the Mortgage Insurance Premium, MIP, on all loans filed after October 4th, 2010? FHA will raise the MIP on all FHA case numbers assigned on or after October 4th.  This is a value added proposition for any one out there that is on the fence about buying a house. …

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