Monday, December 15, 2008
Even with the hugh week of economic news due, we may see mortgage rates stay relatively flat. The most important item of the week is likely the release of the Fed's policy statement following its last meeting fo teh year. Expectations are for another interest rate cut, but the Fed's rate is having slightly less influence on mortgage rates in these challenging times. The recent promise of Treasury support for the secondary mortgage market has driven rates about as far down as is reasonable to expect without some significant event or governmnet program. Continued sour economic news and more evidence of waning inflationary presure should service to keep rates relatively low.
Thursday, December 11, 2008
Tomorrow I am off for the holidays. To see my family, it's been way to long, a whole year since I've seen my children and their families. We have a new baby coming into our family during the month of December we are not sure when but soon. A boy and that will make 5 grandsons for me. I am sooo soooo excited about seeing all of them. I need my fix!
So as you can see . I have a lot to be thankful for this Christmas
I'll post some new picture of my family in the near future so come back or follow my blog - you get more RE News and information on our crazy ass economy and I'll throw in some animal - kids and holiday fun in the mix.
Thanks for stopping by, don't forget to leave your comments. I love to hear from all of you
and I'll check out your blog too.
I'd like to leave you with this hilarious dog having a blast in snow.
Please write a comment and tell me about your crazy animal or what you think of this dog! FUNNY stuff.
Check him out it will be well worth the time.
Happy Holidays Bloggers - Keep in touch.
Tuesday, December 9, 2008
Well enough play for this morning. I’ve got a busy day with work today. No chance of lazing on the beach today. Work – Work – Work is calling me.
Have a wonderful day wherever you may be! Leave me a comment or short story, use your imagination – tell me what comes to mind when you look into my pictures of this morning’s sunrise on the North Shore of Oahu.
Monday, December 8, 2008
Mortgage rates may continue moving downward for the first few days of this week as little economic news is due out. Of course an announcement of another goverment program could sway rates wildly either direction. The biggest economic data of the week will likely be retail sales data. With the current environment a drop much below the expected 1.9% could spook markets and send rates moving even further downward. However a positive reading may send mortgage rates upward.
Thursday, December 4, 2008
For all you mainlanders suffering with temperatures in the teens and freezing your behinds off. I'd like to offer you just a few minutes of tropical breezes and big wave surfing - go ahead take a short Hawaii vacation without leaving your home of office.
Tuesday, December 2, 2008
Mortgage rates may continue to remain low as we head into another week of data that is almost certain to contain more news of a souring economy. Both ISM indices are due this week with expectations of drops in both manufacturing and services. Monthly employment data is also due.
If we lose anywhere near the 300K jobs expected to have been lost in November and the unemployment rate ticks upward we could see rates continuing to trend downward into next week.
Monday, December 1, 2008
As I told you last week my laptop got a virus while online with blogger so be careful and don't leave your computer logged into blogger or any site for that matter.
Anyway I've got my DT working now after 6 hours of rebooting and adding back software.
Crazy! When it rains it poors!
If you are a buyer or even remotely thinking of buying a home this year. GET OUT THERE!
Call your REALTOR and go shopping for a home. There is a great inventory of homes available nationwide. Some homes have been on the market for a long time and have anxious and some desperate seller trying to move on, (hint) it's a buyer's market. But the best news is the RATES are dropping!!! YES even more.
Today started out just under 6% and then most lenders repriced by almost .50% down to
5.5% to 5.375 for a 30 year fixed. FHA loans are available and guidelines are accepting borrowers with FICOs as low as 550 - 580. If you don't have a credit score they will allow alternative credit, i.e your cell phone bill- cable bill- utility bills - they need a 12 month good payment history and you will be considered. The FHA loan limits are changing very soon so again Call your REALTOR if you don't have one call me 808 637-0011 and I'll help you find one in your area. New home buyers could make a hugh positive impact on our economy. GET out there! The time is right now!
If you need more information or have any questions I am always just a phone call away.