Mortgage rates experienced some downward pressure last week even with the PPI and CPI revealing that inflation has not completely left the marketplace. Stock markets had a rough week with more sour economic news, including the President’s announcement last week regarding housing. Many analysts were disappointed that the details of the plan will not be announced until March.
This week is another busy week for the market, with both Consumer Confidence and GDP numbers due, and more news that could move mortgage rates. If Confidence numbers continue to stay at a low level, we could see rates move down further with fears that consumers will finally snap their pocketbooks closed.
The GDP numbers for the final quarter of last year are expected to be revised
down below 5.0%. If this happens, we could see rates experiencing even more downward pressure. Fed Chair Bernanke also testifies before Congress this week. If he provides more specifics about plans the Fed has for housing, we are likely to see rates moving downward after his testimony.
Cascade Lending,LLC-NMLS#1930219, NMLS#269926
Tuesday, February 24, 2009
Monday, February 16, 2009
Where I've BEEN
WOW what a holiday season. I can't believe it's been so long since I've posted something on my blog.
On December 28, 2009 my beautiful daughter Rebecca gave birth to my fifth grandson Robert.
My other daughter Miranda has decide to make the big move to Hawaii from CA. to be closer to her extended family. I couldn't be more happy about this decision. To help her, we decided to bring her two oldest boy back with me so they could get started in school and not miss any time. I've had Austin and Brody with me since Jan 13th. So as you can imagine I've been very busy with two boys and work, leaving no time for blogging. I don't know how you mom's are able to do this with little ones under feet. Miranda will arrive this Thursday and we are all very anxious to see her.
My business is going as well as can be expected in the economic downturn our country and the world is experiencing. I am hopeful we will recover in the next couple of years. In the meantime I am doing what I can to help my clients meet their goals and hang onto their security.
I hope to continue posting at least a couple times a week from now on and get back to my old schedule. I hope you will join my blog for more interesting news about Hawaii, the mortgage and real estate business.
On December 28, 2009 my beautiful daughter Rebecca gave birth to my fifth grandson Robert.
My other daughter Miranda has decide to make the big move to Hawaii from CA. to be closer to her extended family. I couldn't be more happy about this decision. To help her, we decided to bring her two oldest boy back with me so they could get started in school and not miss any time. I've had Austin and Brody with me since Jan 13th. So as you can imagine I've been very busy with two boys and work, leaving no time for blogging. I don't know how you mom's are able to do this with little ones under feet. Miranda will arrive this Thursday and we are all very anxious to see her.
My business is going as well as can be expected in the economic downturn our country and the world is experiencing. I am hopeful we will recover in the next couple of years. In the meantime I am doing what I can to help my clients meet their goals and hang onto their security.
I hope to continue posting at least a couple times a week from now on and get back to my old schedule. I hope you will join my blog for more interesting news about Hawaii, the mortgage and real estate business.
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