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Brentwood TN Homes For Sale: Brentwood TN Real Estate
Your Brentwood Tennessee homes and real estate expert!
7841 Farmington Pl, Nashville TN 37221 $219,900

• 2,360 sq. ft., 3 bath, 3 bdrm 2 story - MLS $219,900 - Under $100/Sq Ft

  This great brick/siding home on 0.3 acres is in one of Nashville's most sought after neighborhoods Boone Trace! Homes are flying off the market here! Priced under $100 per Sq Ft, this 3 bed 2.5 bath, 2 car garage, 2 story home features all hardwoods on first floor with ceramic tile in eat-in kitchen and bathrooms, master down with large double vanities, separate tub and shower and large walk in closet. Formal dining room ( currently used as nursery), vaulted great room with fireplace and and access to over-sized back deck. Bonus room is huge with large double closets( also currently used as a bedroom) and hardwoods. The 2nd floor is home to 2 additional bedrooms with extra storage space, a full bath as well as a loft area perfect for exercise equipment or a cozy reading nook! Home features new paint, newer roof and HVAC as well as water heater, fenced in back yard and new landscaping~ This is a must see, hurry before it too is gone!

Property information

7841 Farmington Place, Nashville TN 37221 

 

Vanessa Stalets
615-957-6333
RE/MAX Elite
615-661-4400

Your Nashville TN Homes for sale expert!

 

by Vanessa Stalets | (Comments Off)

7837 Farmington Place, Nashville TN 37221 For Sale

0119
Gorgeous ready to move in

• 2,045 sq. ft., 2 bath, 3 bdrm single story - MLS $199,500 - Best $$ in Neighborhood

 -  Incredible steal! Lowest price in the neighborhood! One level all brick, 3 bed/2bath with huge bonus room, fireplace, open floor plan, new hardwoods and tile, neutral paint, freshly stained deck, fenced back yard. Perfect 10, hurry~

Property information

 

 

Vanessa Stalets

615-957-6333

Remax Elite

615-661-4400

Your Nashville TN homes for sale expert!

by Vanessa Stalets | (Comments Off)

Brentwood TN Homes and Real Estate Finance Market Update November 19th, 2012

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Talk is cheap. And while it is important that negotiations are beginning between President Obama and Congressional leaders regarding the looming "Fiscal Cliff" our country is facing, action is needed as well. Read on to learn more details, and what all of this means for home loan rates.

If you've been wondering what the Fiscal Cliff is about, here are the main issues. As we head into 2013, tax cuts for individuals and various tax breaks for businesses are due to expire, taxes pertaining to President Obama's health care law will begin, spending cuts enacted by Congress as part of the debt ceiling deal of 2011 will go into effect, and long-term jobless benefits will expire.

The Congressional Budget Office (CBO) estimates that if all of these items occur, it could take an estimated $600 billion out of the U.S. economy in 2013, pushing the country into a recession. Given that Europe is officially in a recession for the second time in four years, it's especially important that our leaders take action now before our economy follows suit.

Heading into 2013, another important issue to monitor is inflation. Remember that one of the goals of the Fed's latest round of Bond buying (known as Quantitative Easing or QE3) is actually to create inflation. While the latest Producer Price Index and Consumer Price Index reports showed that inflation remained tame at the wholesale and consumer levels in October, inflation can manifest and get out of hand quickly. This is significant because inflation is the arch enemy of Bonds (and therefore home loan rates, which are tied Mortgage Bonds) as it reduces the value of fixed investments like Bonds.

So what does this mean for home loan rates? Bonds and home loan rates should continue to benefit from the continued uncertainty in Europe, and the uncertainty here regarding the Fiscal Cliff, as investors will likely continue to see our Bond market as a safe haven for their money. But inflation is a very real threat to home loan rates, and we need to keep a close eye on it in the weeks and months ahead.

The bottom line is that home loan rates remain near historic lows, making now a great time to consider a home purchase or refinance. Let me know if I can answer any questions at all for you or your clients.

Forecast for the Week

Several important reports will be released the first half of the week, before the capital markets close on Thursday for the Thanksgiving holiday.

  • We'll get a triple dose of housing information with the Existing Home Sales Report on Monday and Housing Starts/Building Permits on Tuesday.
  • Weekly Initial Jobless Claims will be reported on Wednesday this week due to the holiday on Thursday. The data comes after last week's surging numbers due to the effects from Superstorm Sandy.
  • Also on Wednesday, Consumer Sentiment will be released.

In addition, Friday will mark a short day of trading, as the Bond markets will be open until 2:00pm ET while Stocks will close for trading at 1:00pm ET.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving – and when they are moving lower, home loan rates are getting worse.

To go one step further – a red "candle" means that MBS worsened during the day, while a green "candle" means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds and home loan rates remain near record best levels. I'll be watching closely to see what happens as we head into the holiday season. And speaking of holidays, wishing you and your family a safe and happy Thanksgiving.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday Nov 16, 2012)

Japanese Candlestick Chart

The Mortgage Market Guide View...

3 Mindset Fixes (And A Script) For More Effective Networking

If you're not meeting enough of the right people or getting as much referral business from your networking as you should then Scott Gerber, founder of the Young Entrepreneurs Council, has some solid mindset fixes for young entrepreneurs and entrepreneurs young at heart:

Don't jump the gun. Doing things for others before you start doing things for yourself is the first step to a stronger networking position. Don't look at your contacts as means to an end–look at them as people with desires. People can sense when you only want to use them to get business just for yourself. But getting to know them, finding out their goals, plans, and dreams not only makes you appear more caring but arms you with intelligence to help make their life or business more successful.

Figure out your specialty. You can't be Master of Everything in your industry and you'd be foolish to try. In every industry specialists are usually at the top; there are those who specialize in market niches, client types, family situations, and even parts of anatomy. When you specialize, you have an incredible power over prospects–access! You become the gateway, the access, to a solution. In most cases, specialists make more money and have less trouble getting new business than their generalist counterparts.

Plan to create value. The formula here is: Meet, Connect, Repeat. Whenever you attend a networking event, go with the intention of connecting at least one person with something they want: it could be a solution, it could be a relationship, it could be anything you can help make possible. Repeat this plan each event you attend. It's easy to do.

Have a great script ready. When you meet someone for the first time just ask: "Who are the two or three people you'd like to meet that can help you in your business?" Then, all you have to do is start connecting the dots. Being known as a connector for others will soon reward you with new contacts and new business from places you never dreamed possible. It's easy to treat networking events like social occasions, but if you arrive with the intention of being a connector, you'll be more productive and enjoy yourself even more.

Share these tips with the other professionals in your network and feel free to call if I can help connect you to someone you need to know!

Economic Calendar for the Week of November 19 - November 23

Date

ET

Economic Report

For

Estimate

Actual

Prior

Impact

Mon. November 19

10:00

Existing Home Sales

Oct

NA

 

4.75M

Moderate

Tue. November 20

10:00

Housing Starts

Oct

NA

 

872K

Moderate

Tue. November 20

10:00

Building Permits

Oct

NA

 

894K

Moderate

Wed. November 21

08:30

Jobless Claims (Initial)

11/17

NA

 

NA

Moderate

Wed. November 21

10:00

Consumer Sentiment Index (UoM)

Nov

NA

 

84.9

Moderate

 

Courtesy Billy Winfree F&M Bank 615-504-6939
Permission to republish

Vanessa Stalets
615-957-6333
RE/MAX Elite
615-661-4400
Your Brentwood TN real estate and homes for sale expert!

by Vanessa Stalets | (Comments Off)

Brentwood TN Homes and Real Estate Finance Market Update November 5th, 2012

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"What do we live for, if it is not to make life less difficult for each other?" George Eliot. The events surrounding Superstorm Sandy certainly put this sentiment into perspective, as many communities continue to recover from last week’s storm.

There was also some important economic news to note last week. The biggest news came on Friday, with the Jobs Report for October showing 171,000 new jobs created, with a healthy 184,000 private job creations being offset by modest government job losses. Adding to the good news were some upward revisions to the prior two months’ reports, adding a net 84,000 jobs to what had been previously reported.

The Unemployment Rate held steady at 7.9% as expected, and the more important Labor Force Participation Rate (LFPR) improved by a tick. The LFPR calculation is quite simple. If you are 16 years old and not in the military, then you either have a job or you don't. The ratio of people "participating" or working is then compared to the total population. All in all this was a pretty good report and, on the heel of the modest improvement in Initial Jobless Claims, shows that the labor market is still improving…slowly, but improving.

And the other big economic story from last week: inflation as measured by the Core Personal Consumption Expenditure (the Fed’s favorite measure of inflation) remained tame last month. This is significant because inflation is the arch enemy of Bonds and home loan rates (which are tied to Mortgage Bonds), since it reduces the value of fixed investments like Bonds. Remember, though, that one of the goals of the Fed’s latest round of Bond buying (known as Quantitative Easing or QE3) is actually to increase inflation. This is an important story to monitor in the weeks and months ahead.

The bottom line is that home loan rates remain near historic lows, making now a great time to consider a home purchase or refinance. Let me know if I can answer any questions at all for you or your clients.

Forecast for the Week

A slow week of economic reports comes at a time when news stories beyond the markets will be taking center stage:

 

  • The week starts off Monday morning with the ISM Services report, which measures the non-manufacturing sector. Leading up to this week’s report, the ISM Services Index has seen three consecutive monthly increases and came in at its highest level since March in the last report.
  • On Thursday, we’ll see the weekly Initial Jobless Claims report.
  • Friday ends the week with a preliminary read on Consumer Sentiment for November.

In addition to those reports, two news stories will take center stage. First, the nation will continue to focus on helping the East Coast clean up and recover from the devastation of Hurricane Sandy.

Second, the presidential election will undoubtedly overshadow much of the news early in the week. One issue that will be important to watch after the election is how long it takes elected officials to shift back to the impending fiscal cliff that the country is headed towards. Remember, the United States’ mounting debt was a huge topic over the last year or so. But, as the election neared, much of the debt talk was silenced, as politicians from both major parties decided to wait and see what the leadership will look like after the election. After all, any approach to the problem will be impacted by who controls Congress and which party is in the White House.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving — and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds and home loan rates rebounded after their initial reaction to the optimistic Jobs Report and they remain near their historic lows. I’ll be watching closely to see what happens this week.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday Nov 02, 2012)
Japanese Candlestick Chart
The Mortgage Market Guide View...

Pushups for Your Brain

Improving brain function is not just a fad for MENSA aspirants anymore, it's big news and the scientific community involved means business. Here are four innovative ways to test your own brain function, and help improve your cognitive ability and workplace productivity. Be sure to check them out and share them with clients, colleagues, and friends.

Psychometrics measures cognitive performance in areas like reaction time, executive function, and verbal learning. First, you take a battery of tests to see your current cognitive performance; then you introduce and track a new behavior, called "interventions" to understand whether it helps or hurts your thinking. The intervention can include changes to work routine, diet, even what time you drink coffee or smoke a cigarette. www.quantified-mind.com/about

Brain Training involves playing simple games that build your memory, problem solving abilities, and other cognitive functions that are critical to professional work environments. www.lumosity.com

Neurofeedback tools require users to wear an EEG headband with small sensors that track brain waves. The devices are wireless and create real-time analytics with your PC or smartphone, measuring how deeply you focus on any given job task, helping you monitor and minimize distraction and stay in a productive state longer. www.axioinc.com/the-product.html

Nudgers are mobile apps or online tools that ping you with reminder questions such as, "When was the last time you drank a glass of water?" or "Did you take a walk today?" Behavioral researchers have long realized people often don't do what they say they want to do. Nudgers can be one way to make sure you keep your New Year's resolution, or any other new habit you'd like to build. www.beeminder.com

Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.

Economic Calendar for the Week of November 05 - November 09

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. November 05
10:00
ISM Services Index
Oct
55.0
54.2
55.1
Moderate
Thu. November 08
08:30
Jobless Claims (Initial)
11/03
370K
 
363K
Moderate
Fri. November 09
09:00
Consumer Sentiment Index (UoM)
Nov
83.0
 
82.6
Moderate
 

Courtesy Billy Winfree F & M Bank

Permission to republish

 

Vanessa Stalets
615-957-6333
RE/MAX Elite
615-661-4400
Your Brentwood TN real estate and home sales resource!

by Vanessa Stalets | (Comments Off)

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Brentwood TN Homes and Real Estate Finance Market Update October 15th, 2012

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They say that no news is good news. But last week, several reports brought some surprising good news to the markets. Read on for details and what they mean for home loan rates.

Description: http://www.mmgweekly.com/templates/mmgweekly/reg_chart/385/images/topimage.jpgThere was good news on the labor front, as last week’s Initial Jobless Claims fell to 339,000, the lowest level in over four years. This news came on the heels of the surprising drop in the unemployment rate to 7.8% in September. This is encouraging news and could ease fears of slowing growth.

Also encouraging was the news from RealtyTrac that foreclosure activity declined to a five-year low in September, falling 7% from August and 16% from the same period last year. Housing has already improved substantially in certain parts of the country and this news bodes well for those states and areas that struggled with high foreclosure activity. Rounding out the week was some of the most surprising news of all: Consumer Sentiment surged to 83.1 in October, the highest level in five years.

Tempering this good news was a report from the International Monetary Fund (IMF), which said that the world economy will grow by 3.3% this year, the slowest since 2009. The IMF said that unless Europe and the U.S. address the financial threats to their respective economies, growth will continue to slow.

So what does all of this mean for home loan rates? Remember that good economic news normally causes investors to move their money out of safer investments like Bonds—including Mortgage Bonds, which home loan rates are based on—and into riskier investments like Stocks to try and take advantage of gains. However, the Fed’s continued Mortgage Bond purchases as part of their third round of Quantitative Easing (QE3) and tame wholesale inflation data helped Bonds and home loan rates remain near record lows last week.

The bottom line is that now is a great time to consider a home purchase or refinance, as home loan rates remain near historic lows. Let me know if I can answer any questions at all for you or your clients.

Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_market_view_Gray.gif

Forecast for the Week

Economic data is in abundance this week and will give investors clues as to whether or not the economy is progressing now that QE3 is in full swing.

  • The economic data kicks right off on Monday with Retail Sales for September.
  • The manufacturing sector will also be in the news Monday with the New York State Manufacturing Index, followed by the Philadelphia Fed Index on Thursday.
  • Inflation news in the form of the Consumer Price Index will be delivered on Tuesday.
  • Housing news is coming on Wednesday with Housing Starts and Building Permits, and again on Friday with the Existing Home Sales Report. Housing data has been positive of late and the reports may give further signs that a housing recovery is in the making.
  • Thursday's weekly Initial Jobless Claims data will be closely watched after last week's large drop.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving — and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds rebounded late last week, helping home loan rates remain near record lows. I will continue to monitor this situation closely.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday Oct 12, 2012)

Description: Japanese Candlestick Chart

Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_calendar_Gray.gif

The Mortgage Market Guide View...

Avoid These Alarming Statistics This Flu Season

Between November and March, your chances of contracting the flu increase by as much as 80%, according to the Centers for Disease Control (CDC). In fact, anywhere from 5% to 20% of our country's population contracts the flu every year. But that’s not the worst part. More than 200,000 of us are hospitalized because of it, and roughly 36,000 people actually die from it. That means lost work time and even lost medical expenses.

But there are some things you can do to keep yourself healthy. Be sure to share these tips with your coworkers, colleagues, and family members to help them avoid those alarming numbers and stay healthy this flu season.

Wash your hands: The flu is a contagious respiratory illness that is caused by the influenza virus. It is most commonly transmitted in one of two ways. The first is by inhaling saliva particles left behind by a sneeze or a cough from someone who is infected. The second, more common way is via hand-to-hand (or hand-to-object) contact. That’s why it is so important to regularly wash your hands, especially during flu season.

Keep your body hydrated by drinking plenty of water. The average adult needs to drink a minimum of eight, 8-ounce glasses a day to achieve the proper level of hydration. Doing so will help to keep your system flushed of various toxins.

Get your exercise. Aside from the obvious reasons, aerobic exercise causes your heart to pump larger quantities of blood at a faster rate. In turn, your breathing rate increases in order to transfer oxygen from the lungs to your blood. The end result is that you sweat. This process has been shown to increase virus-killing cells within the body.

Eat a balanced and healthy diet. Regular consumption of certain food items has actually been shown to reduce colds and flu. Yogurt and garlic are two in particular. Any vegetables or fruits that are dark green, red, or yellow in color should also be a part of your normal repertoire, as they are chock full of phytochemicals, natural plant chemicals that boost the potency of the vitamins that are in the food you ingest.

Get a flu shot every fall. The CDC recommends this type of shot for anyone who wants to avoid the flu, but you should consult with your doctor to see if it's right for you.

Economic Calendar for the Week of October 15 - October 19

Date

ET

Economic Report

For

Estimate

Actual

Prior

Impact

Mon. October 15

08:30

Retail Sales

Sept

NA

 

0.9%

HIGH

Mon. October 15

08:30

Retail Sales ex-auto

Sept

NA

 

0.8%

HIGH

Mon. October 15

08:30

Empire State Index

Oct

NA

 

-10.4

HIGH

Tue. October 16

09:15

Industrial Production

Sept

NA

 

-1.2%

Moderate

Tue. October 16

09:15

Capacity Utilization

Sept

NA

 

78.2%

Moderate

Tue. October 16

08:30

Core Consumer Price Index (CPI)

Sept

NA

 

0.1%

HIGH

Tue. October 16

08:30

Consumer Price Index (CPI)

Sept

NA

 

0.6%

HIGH

Wed. October 17

08:30

Building Permits

Sept

NA

 

803K

Moderate

Wed. October 17

08:30

Housing Starts

Sept

NA

 

750K

Moderate

Thu. October 18

08:30

Jobless Claims (Initial)

10/13

NA

 

NA

Moderate

Thu. October 18

10:00

Philadelphia Fed Index

Oct

NA

 

-1.9

HIGH

Fri. October 19

10:00

Existing Home Sales

Sept

NA

 

4.82M

Moderate

 

Courtesy Billy Winfree F & M Bank

Permission to re-publish

 

Vanessa Stalets
615-957-6333
RE/MAX Elite
615-661-4400
Your Brentwood Franklin and Nashville TN homes for sale source!

by Vanessa Stalets | (Comments Off)

Brentwood TN Homes and Real Estate Finance Market Update October 8th, 2012

 

Search Brentwood and Franklin homes HERE

 

Read between the lines. Last week, the Jobs Report for September was released, but the numbers may not be as clear as they seem. Read on for details and what they mean for home loan rates.

The Labor Department’s Jobs Report showed that 114,000 new jobs were created in September, with 104,000 private sector job gains and 10,000 government job gains. While this number was lower than expectations, the job numbers for July and August were revised much higher.

But perhaps the biggest news in the report is that the unemployment rate came in at 7.8%, falling by a whopping 0.3% from August’s 8.1% reading. This represents the lowest unemployment rate since January 2009. And while that is good news, it’s even more important to look at the Labor Force Participation Rate (LFPR).

The LFPR did improve by 0.1% to 63.6%, but it remains near thirty-one year lows! The LFPR calculation is quite simple. If you are 16 years old and not in the military, then you either have a job or not. The ratio of people "participating" or working is then compared to the total population.

On balance, September’s Jobs Report confirms that our economy is producing 125,000 to 140,000 jobs per month. While that may sound good, those numbers are not high enough to keep up with immigration and population growth. The ongoing weakness in the labor market is one of the major reasons why the Fed announced another round of Bond buying (known as Quantitative Easing or QE3) on September 13, saying they will provide this stimulus to our economy until the labor market is well into recovery.

So what does all of this mean for home loan rates? Another reason the Fed enacted QE3—and they are buying such large amounts of Mortgage Bonds each month—is to keep home loan rates (which are tied to Mortgage Bonds) near record lows. The Fed hopes this will help strengthen our housing market and economy overall. However, as the labor market and economy start to improve and if inflation heats up, Bonds could face some selling pressure…which could impact home loan rates negatively as a result.

The bottom line is that now is a great time to consider a home purchase or refinance, as home loan rates remain near historic lows. Let me know if I can answer any questions at all for you or your clients.

Forecast for the Week

The credit markets are closed on Monday in observance of Columbus Day, and the week features a light economic calendar after that.

  • The Fed’s Beige Book will be released on Wednesday. The Beige Book contains anecdotal information on the current economic and business conditions from the various regional Federal Reserve Banks across the country.
  • Thursday brings another weekly Initial Jobless Claims Report. Last week, claims rose from a two-month low as the labor market is still trying to dig its way out of a hole.
  • On Friday, we’ll see how inflation is doing at the wholesale level with the Producer Price Index. Plus, the Consumer Sentiment Report will be delivered.

In addition, earnings season kicks off this week and this could impact trading—and in turn, impact the path of home loan rates.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving — and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds prices worsened last week after some better than expected manufacturing and other economic data. However, home loan rates remain near record lows and I’ll be watching closely to see what happens this week.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday Oct 05, 2012)
Japanese Candlestick Chart
The Mortgage Market Guide View...

A Simple Story:

How to Explain the Impact of Inflation on Home Loan Rates

In the wake of the Fed’s QE3 (or Quantitative Easing) announcement, consumers may be wondering how this new effort to stimulate the economy may impact the mortgage and housing markets.

And they’d be right to wonder.

That’s because one of the consequences of QE3 could be inflation—which is the archenemy of Bonds and home loan rates.

Here’s a narrative you can use to explain to your clients why this is important…

Imagine for a moment that you are going to lend your very own money to someone to buy a house. So you go through all the paces to determine this person is a good credit risk, you do the loan, and you start receiving $1,500 per month as your regular payment. You then of course take that $1,500 and start loading up your shopping cart with the goods and services you need on a monthly basis...food, clothing, medicine, gas, and so on.

But over time, you notice something happening…

Every month, you are getting slightly less in your cart than you did the month before, for that same $1,500 you are spending. Why? Because costs are on the rise–that's inflation.

Now imagine that you are once again going to lend your very own money to another person to buy a house. You go through all the paces once again, and determine that the person is a good credit risk.

You want the same shopping cart full of "stuff" that you got last time in return for doing the loan, but this time you realize that you can no longer get that same cart full with $1,500. Due to inflation, you now need $1,700 to buy those same goods and services.

As a result, you will need to charge a higher interest rate to compensate you for the ongoing impact of inflation. This is why home loan rates change when there is a fear of inflation in the air.

Economic Calendar for the Week of October 08 - October 12

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Wed. October 10
02:00
Beige Book
Sept
 
 
 
Moderate
Thu. October 11
08:30
Jobless Claims (Initial)
10/6
370K
 
367K
Moderate
Fri. October 12
08:30
Producer Price Index (PPI)
Sept
0.8%
 
1.7%
Moderate
Fri. October 12
08:30
Core Producer Price Index (PPI)
Sept
0.2%
 
0.2%
Moderate
Fri. October 12
10:00
Consumer Sentiment Index (UoM)
Oct
78.5
 
78.3
Moderate

 Courtesy Billy Winfree F & M Bank

Permission to re-publish

 

Vanessa Stalets
615-957-6333
RE/MAX Elite
615-661-4400
Your Franklin and Brentwood TN Homes for sale expert!

by Vanessa Stalets | (Comments Off)

Brentwood TN Homes and Real Estate Finance Market Update October 1st, 2012

Search for Brentwood TN Homes HERE

Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_forecast_Gray.gif

Last Week in Review

A “Gross” Domestic Product. And last week’s final reading of GDP for the second quarter was far from pretty. Read on to learn why this matters…and how home loan rates are faring.

Description: http://www.mmgweekly.com/templates/mmgweekly/reg_chart/383/images/topimage.jpgLast week, the final reading of GDP for the second quarter was reported at an anemic 1.3%. This was after a sizable downward revision to previous estimates—and this is significant because GDP is the broadest measure of economic activity. In addition, Durable Goods Orders (i.e. orders for products like furniture and computers that are designed to last for an extended period of time) came in shockingly low. Figures like these speak to the improvement needed in our economy, and are a big reason why the Fed announced its latest round of Bond buying (known as Quantitative Easing or QE3) on September 13.

There was some surprisingly good news last week, as Initial Jobless Claims came in at 359,000, much better than expected and the best reading since late July. One of the main objectives of QE3 is to promote job growth, which is essential for our economy to grow. Time will tell if QE3 and this money injection into the economy will spark economic growth and lower unemployment…or if it will devalue the U.S. Dollar, raise commodity and asset prices like Stocks, and heighten inflation fears.

So what does all of this mean for home loan rates? Inflation is the arch enemy of Bonds and home loan rates because it reduces the value of fixed investments like Bonds. If inflation does creep into the economy, this could have a negative impact on Bonds and home loan rates in the coming months.

On the flip side of that, negative economic news like the GDP Report and Durable Goods Orders often causes investors to move their money out of risky investments like Stocks and into safer investments like Bonds, including Mortgage Bonds (which home loan rates are based on). That’s why home loan rates often improve when our economy is struggling. In addition, investors also tend to move their money into safe investments like our Bonds during times of global uncertainty, such as last week’s strikes in Greece and riots in Spain. These two factors and the Fed’s QE3 Mortgage Bond purchases are the main reasons that Bonds and home loan rates have improved of late.

The bottom line is that home loan rates remain near historic lows, meaning now is a great time to consider a home purchase or refinance. Let me know if I can answer any questions at all for you or your clients.

Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_market_view_Gray.gif

Forecast for the Week

Big economic data will be released at the end of this week…but there are a number of reports that will build the anticipation as the week goes on!

  • Economic data starts right off on Monday with the ISM Manufacturing Index, which will be followed by the ISM Service Sector Index on Wednesday.
  • The ADP Employment Report for September will also be delivered on Wednesday.
  • The Labor Department will report the Weekly Initial Jobless Claims data on Thursday. This week’s report comes after last week's number was the lowest since late July, so the markets will be watching to see if the good news continues.
  • Finally on Friday, the government's Jobs Report for September will be released with Non-Farm Payrolls and the Unemployment Rate.

Beyond the jobs data, the minutes from the Fed’s latest Federal Open Market Committee Meeting should also garner attention on Wednesday.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving — and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds and home loan rates have been on an improving streak since the Fed announced QE3. I’ll be watching closely to see what happens this week.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday Sep 28, 2012)

Description: Japanese Candlestick Chart

Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_calendar_Gray.gif

The Mortgage Market Guide View...

Hispanic Heritage Month: Sept. 15 – Oct. 15, 2012

The Hispanic population is the largest ethnic or minority race in America. In fact, 52 million Hispanics now live in the United States…which is more than double from 20 million in 1990. By the year 2050, the Hispanic population in the U.S. is estimated to reach 132 million!

Reach out…

Now’s the perfect time to connect with your Spanish-speaking clients and potential clients by wishing them a happy Hispanic Heritage Month this September 15 through October 15!

A little history…

Originally authorized by President Lyndon Johnson in 1968 as National Hispanic Heritage Week, the observance was expanded to a month-long celebration in 1988. September 15 was chosen as the first day of the celebration because it is celebrated as the independence day of five Latin American countries: Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. In addition, Mexico celebrates its independence on September 16, and Chile celebrates on September 18.

Discover more…

Read stats and facts about Hispanic Heritage Month on the U.S. Census Bureau’s facts and features page! You can even pass the link on to clients and referral partners who might be interested in learning more.

Economic Calendar for the Week of October 01 - October 05

Date

ET

Economic Report

For

Estimate

Actual

Prior

Impact

Mon. October 01

10:00

ISM Index

Sept

NA

 

49.6

HIGH

Wed. October 03

10:00

ADP National Employment Report

Sept

NA

 

201K

HIGH

Wed. October 03

10:00

ISM Services Index

Sept

NA

 

53.7

Moderate

Wed. October 03

02:00

FOMC Minutes

Sept

NA

 

NA

HIGH

Thu. October 04

08:30

Jobless Claims (Initial)

9/29

NA

 

NA

Moderate

Fri. October 05

08:30

Non-farm Payrolls

Sept

NA

 

96K

HIGH

Fri. October 05

08:30

Unemployment Rate

Sept

NA

 

8.1%

HIGH

Fri. October 05

08:30

Hourly Earnings

Sept

NA

 

0.0%

HIGH

Fri. October 05

08:30

Average Work Week

Sept

NA

 

34.3

HIGH

 

 Courtesy Billy Winfree F&M Bank
Permission to re-publish

 

Vanessa Stalets
615-957-6333
RE/MAX Elite
615-661-4400
Your Brentwood, Franklin and Nashville TN Homes Expert!

 

by Vanessa Stalets | (Comments Off)

Brentwood TN Homes Finance Market Update September 24, 2012

Search Brentwood TN Houses Here

Inside Lending from Tonya Esquibel

visit my website    email me now

Tonya Esquibel

Tonya Esquibel
Branch Manager/Loan Officer
5055 Maryland Way Suite 200
Brentwood, TN 37027
Mobile: 615-300-0794

SWBC Mortgage

For the week of September 24, 2012 – Vol. 10, Issue 39

>> Market Update 

QUOTE OF THE WEEK... "If we did all we were capable of doing, we would literally astonish ourselves."--Thomas A. Edison, American inventor

INFO THAT HITS US WHERE WE LIVE... People indeed are astonished at how the housing market has started to recover and last week's data just kept the ball rolling. Builders are busier as housing starts are up 2.3% from July to August. They're now at a 750,000 annual rate, UP 24.5% over August 2011. Housing starts have been rising on an annual basis for the last 11 months and they're now UP 57% from their April 2009 bottom. No wonder builder confidence in September was up for the fifth month in a row, hitting its highest level since 2006.

August Existing Home Sales were up 7.8% over July, reaching a seasonally adjusted annual rate of 4.82 million units. These sales are UP 9.3% for the year, while the national median price for all housing types is UP 9.5% versus a year ago, at $187,400. The National Association of Realtors (NAR) is forecasting overall home sales should be up 8% to 10% for 2012. The inventory of existing homes for sale is currently down to a 6.1-month supply, a level thought to favor neither buyers nor sellers.

BUSINESS TIP OF THE WEEK... To get more done, focus on the critical tasks that directly generate revenue, while eliminating, delegating, outsourcing or automating overhead activities like administration, travel planning, meetings and the like.

>> Review of Last Week

JUST A LITTLE SLIP... Wall Street saw a very slight dip in prices, its first weekly drop for September. But this comes after two huge upside weeks, so many analysts felt it was pretty good to get through the five trading days with stock prices virtually flat.Investors were happy to see the Fed pump more money into the system with the latest quantitative easing program. But there is still, as one observer put it, "more bad news than good in the economic data stream." 

The week in fact got off to a bad start
 as the Empire State index of manufacturing activity in the New York region dropped to its worst level since April 2009. Most glaring among the disappointing items was higher than expected weekly initial jobless claims, hitting 382,000 for the second week in a row. Thank goodness for the good housing news, covered above. On a cautionary note, 103 S&P 500 companies have provided a Q3 earnings outlook and 80% are below Wall Street consensus estimates. That's the most negative corporate earnings outlook since Q1 of 2006.

For the week, the Dow ended down 0.1%, to 13579; the S&P 500 was down 0.4%, to1460; and the Nasdaq was down 0.1%, to 3180. 

As expected, the bond market is getting a boost from the Fed's s latest quantitative easing program ("QE3"), in which they'll buy tens of billions in mortgage bonds each month with no time limit. That should keep mortgage bond prices up and mortgage rates down for a while longer. The FNMA 3.5% bond we watch ended the week UP .96, at $107.03. Last week, national average mortgage rates were at or near record lows. Demand for purchase loans was up a seasonally adjusted 8% over the prior week and up 7% versus a year ago.

DID YOU KNOW?
... Quantitative easing is a monetary policy that increases the money supply by buying securities, such as mortgage bonds. This floods financial institutions with capital in an effort to promote increased lending and liquidity.

>> This Week’s Forecast

NEW HOME SALES, PENDING HOME SALES, GDP, INFLATION... This week features a good range of economic data. Wednesday should show August New Home Sales continuing their slow but steady rise. August Pending Home Sales are also forecast up but at a slower rate, still indicating a gain in existing home sales a couple of months out. 

Thursday's third estimate of Q2 GDP is predicted to be as disappointing as the first two, with anemic annual growth of 1.7%. But Friday's Core PCE Prices should show inflation is still well within the Fed's guidelines.

>> The Week’s Economic Indicator Calendar

Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates. 

Economic Calendar for the Week of Sep 24 – Sep 28

 DateTime (ET)ReleaseForConsensusPriorImpact
Tu
Sep 25
10:00Consumer ConfidenceSep63.060.6Moderate
W
Sep 26
08:30New Home SalesAug380K372KModerate
W
Sep 26
10:30Crude Inventories09/22NA8.534MModerate
Th
Sep 27
08:30Initial Unemployment Claims09/22380K382KModerate
Th
Sep 27
08:30Continuing Unemployment Claims09/153.270M3.272MModerate
Th
Sep 27
08:30Durable Goods OrdersAug–5.1%4.1%Moderate
Th
Sep 27
08:30GDP-Third EstimateQ21.7%1.7%Moderate
Th
Sep 27
08:30GDP Deflator-Third EstimateQ21.6%1.6%Moderate
Th
Sep 27
10:00Pending Home SalesAug1.0%2.4%Moderate
F
Sep 28
08:30Personal IncomeAug0.2%0.3%Moderate
F
Sep 28
08:30Personal SpendingAug0.5%0.4%HIGH
F
Sep 28
08:30PCE Prices-CoreAug0.1%0.0%HIGH
F
Sep 28
09:45Chicago PMISep52.853.0HIGH
F
Sep 28
09:55Univ. of Michigan Consumer Sentiment-FinalSep79.079.2Moderate

>> Federal Reserve Watch   

Forecasting Federal Reserve policy changes in coming months... The Fed now says it's committed to keeping the Funds Rate at exceptionally low levels "at least through mid-2015." Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.

Current Fed Funds Rate: 0%–0.25%

After FOMC meeting on:Consensus
Oct 240%–0.25%
Dec 120%–0.25%
Jan 300%–0.25%

Probability of change from current policy:

After FOMC meeting on:Consensus
Oct 24     <1%
Dec 12     <1%
Jan 30     <1%

 

Vanessa Stalets

615-957-6333

RE/MAX Elite

615-661-4400

www.vanessastalets.com

 

by Vanessa Stalets | (Comments Off)

Brentwood TN Real Estate Finance Market Update September10th, 2012

SEARCH Brentwood TN Homes Here

Provided to you Exclusively By Billy Winfree  
For the week of Sep 10, 2012 | Vol. 10, Issue 37
Billy Winfree
Billy Winfree 
Mortgage Advisor/Sales Manager
NMLS ID # 639189 
F&M Mortgage 
Cell: 615-504-6939 
E-Mail: billy.winfree@myfmbank.com 
Website: www.billywinfree.com
F&M Mortgage
 
In This Issue

Last Week in Review: The Jobs Report for August was released. How did home loan rates react?

Forecast for the Week: The second half of the week heats up, with news on inflation, retail sales, consumer sentiment and more. Plus, the Fed meets!

View: An upcoming fee increase is going to impact home loans. See important details below.

Last Week in Review

“Everybody’s working for the weekend.” That 1980’s ditty by the band Loverboy applies to fewer people than expected these days, after the Labor Department released its Jobs Report for August. Read on for the details, and what they mean for home loan rates.

On Friday, the Labor Department revealed that 96,000 jobs were created in August. This was below expectations of 130,000 and well below the elevated expectations after the surprisingly good ADP report for August. Only 103,000 private sector jobs were created, well below expectations, while government job losses were in line with expectations. Downward revisions to June's and July’s job numbers, which erased an additional 41,000 jobs from what was previously reported, added to the negative tone of the report.

The Unemployment Rate, also a major headline, dropped from 8.3% to 8.1%. How did this happen with the weaker than expected headline job creations reading? The civilian labor force shrank by nearly 400,000. The shrinkage in the labor force is clearly seen in the Labor Force Participation Rate (LFPR), which reached its lowest level since early 1981. This is significant because if less people are "participating" or have a job, this makes it more difficult to pay down our debt.

What does all of this mean for home loan rates?

There is a very real possibility that the Fed will announce further stimulus measures (known as Quantitative Easing or QE3) at the Fed Meeting on Thursday, September 13th at 12:30pm ET. It’s important to note that once an official announcement of QE3 is made, Bonds and home loan rates could suffer as Stocks would likely rally. However, the weak economic data here and the continued problems in Europe mean that investors will likely still see our Bonds as a safe haven for their money. And as home loan rates are tied to Mortgage Bonds, this would help home loan rates in the process. We saw some evidence of this last week, as Bonds and home loan rates rallied Friday after the weaker than expected Jobs Report was released.

The bottom line is that now is a great time to consider a home purchase or refinance, as home loan rates remain near historic lows. Let me know if I can answer any questions at all for you or your clients.

Forecast for the Week

This week's economic calendar is made up of key data points, and market players will be able to gauge how the U.S. is holding up in the current environment. 

  • The economic reports don't get underway until Thursday with the weekly Initial Jobless Claims report.
  • In the inflation arena, the Producer Price Index and the Consumer Price Index for August will be released on Thursday and Friday, respectively.
  • Also on Friday, the markets will be able to tell if the consumer is spending with the delivery of the Retail Sales report.
  • Finally, Consumer Sentiment will be reported on Friday.

In addition to those reports, all eyes will be on the two-day FOMC meeting that begins on Wednesday and ends on Thursday, with the statement being announced at 12:30pm ET. The dialogue at the meeting will be dominated by whether or not QE3 will be ushered into the economy. And, the outcome will surely have an impact on Bond prices…and, in turn, impact home loan rates.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving — and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds and home loan rates rallied after last week’s weaker than expected Jobs Report. I’ll be watching closely to see how the markets react to the Fed meeting and all the news of the week.

Chart: Fannie Mae 3.0% Mortgage Bond (Friday Sep 07, 2012)
Japanese Candlestick Chart
The Mortgage Market Guide View...

Fee Increase to Impact Home Loans

The Federal Housing Finance Agency (FHFA) has again increased the guarantee fee they charge to lenders delivering loans to Fannie Mae and Freddie Mac. This is important to know, as this increase has a rippling effect that will impact the cost of mortgage financing.

Here's what's happening and what it means to home loan rates:

What exactly is this "g-fee"? The guarantee fee or "g-fee" is an amount charged by mortgage-backed securities (MBS) providers, like Freddie Mac and Fannie Mae, to help protect against credit-related losses in the overall mortgage portfolio. In other words, it acts a lot like insurance and helps lower the overall risk...which means home loans can be offered at terrific interest rates to borrowers that have good – but not perfect – credit.

What exactly is the impact of the rate increase? The increase will impact loans with different amortizations in different ways. For example, for a $200,000 home loan, the increased g-fee (assuming a .125% increase in rate) would equate to $250 more per year in interest, or $7,500 more over 30 years. Someone buying or refinancing a home can certainly choose to buy down the cost with cash up front – but most folks will not do this.

Why is the guarantee fee being increased? FHFA has increased the guarantee fee to collect more revenue to enhance the safety and soundness of the Government Sponsored Enterprises (GSEs), and perhaps indirectly encourage private firms to participate in the mortgage market.

Who will this impact? The change will impact all new borrowers using Fannie Mae and Freddie Mac loans.

When will it start? Officially, the increase to guarantee fees will begin on December 1, 2012. However, Fannie Mae will also be making adjustments to pricing for those loans that are committed on or after November 1, 2012. It’s important to note that the increase is already being seen in rate sheets right now, since home loans being originated now will likely not be closed, pooled and securitized until December and therefore will need the increased g-fee priced in earlier.

The bottom line is that the g-fees will be going up...and this will impact homebuyers looking to obtain a home loan through Fannie Mae and Freddie Mac.

Economic Calendar for the Week of September 10 - September 14

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Thu. September 13
12:30
FOMC Meeting
Sept
0.25%
 
0.25%
HIGH
Thu. September 13
08:30
Jobless Claims (Initial)
9/08
369K
 
365K
Moderate
Thu. September 13
08:30
Core Producer Price Index (PPI)
Aug
0.2%
 
0.4%
Moderate
Thu. September 13
08:30
Producer Price Index (PPI)
Aug
1.2%
 
0.3%
Moderate
Fri. September 14
08:30
Retail Sales
Aug
0.7%
 
0.8%
HIGH
Fri. September 14
08:30
Retail Sales ex-auto
Aug
0.8%
 
0.8%
HIGH
Fri. September 14
08:30
Consumer Price Index (CPI)
Aug
0.6%
 
0.0%
HIGH
Fri. September 14
08:30
Core Consumer Price Index (CPI)
Aug
0.2%
 
0.1%
HIGH
Fri. September 14
10:00
Consumer Sentiment Index (UoM)
Sept
73.3
 
74.3
Moderate

The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is without errors.

As your mortgage professional, I am sending you the MMG WEEKLY because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you.

In the unlikely event that you no longer wish to receive these valuable market updates, please USE THIS LINK or email: billy.winfree@myfmbank.com


Mortgage Success Source, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated.   Mortgage Success Source, LLC does not grant to you a license to any content, features or materials in this email.   You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.

Equal Housing Lender          

 

by Vanessa Stalets | (Comments Off)

Open House in Providence on Sunday

September 2012
SuMoTuWeThFrSa
2627282930311
2345678
9101112131415
16171819202122
23242526272829
30123456

Providence, Mount Juliet  -  We invite everyone to visit our open house at 2117 Putnam Lane on September 9 from 2:00 AM to 4:00 AM.

Property information

by Vanessa Stalets | (Comments Off)

For Sale in Providence $219K! 2117 Putnam Lane, Mt. Juliet, TN 37122

2117 Putnam Ln Mt Juliet TN
Move in ready!!

• 1,904 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $219,900 - Priced To Fly!

 -  Move in ready, this 2 story 3 bedroom 2.5 bath home built in 2009 features a gas fireplace in the family room, hardwoods and 9' ceilings entire first floor! Eat in kitchen is open and airy, perfect for hanging out with family or friends. Fabulous office space located just off the kitchen rounds out the first level of this dollhouse! On the second level you find an oversize bonus room with a full walk in storage closet attached, the spacious master, big enough for any furniture you might want, the attached master bath is large and bright with separate tub and shower as well as double vanities and access to the walk in closet! The two secondary bedrooms are crisp and clean ready for your guests or your family, the second full bath has a shower/tub combo and is located between the two bedrooms for easy accessibility to all. This home also boasts a fully fenced in back yard, brand new roof and is partial brick with siding. Priced at $219,900 this one won't last long, call now to set up your private showing~

Property information

 

Your Wilson County homes for sale expert!

by Vanessa Stalets | (Comments Off)

Brentwood TN Homes For Sale: Market and Finance Update July 23, 2012

Search All Brentwood TN Homes For Sale HERE

They say that every cloud has a silver lining. And despite a slew of disappointing economic news last week, home loan rates continue to reach record best levels. Read on for details.

Description: http://www.mmgweekly.com/templates/mmgweekly/reg_chart/373/images/topimage.jpgThe majority of economic reports released last week added to the uncertainty about our economic outlook. Retail Sales fell more than expected while the NY State Manufacturing Index remains at relatively low levels. In addition, the National Association for Business Economics (NABE) reported that the outlook for job growth has fallen due to a weakening economy. The survey revealed that 23% on those polled in July think that US employment will rise over the next six months, down from 39% in April.

But the economic news wasn’t all negative. Inflation at the consumer level remained tame in July, while Housing Starts for June increased nearly 7% to 760,000. This marks the highest level for housing starts since October 2008. Since home builders don't start a house unless they are fairly confident it will sell upon its completion, if not before, changes in the rate of housing starts can tell us a lot about demand for homes and the construction outlook.

In other important news last week, Fed Chairmen Ben Bernanke was on Capitol Hill delivering his semi-annual testimony before both the Senate and House. He confirmed that our economy is weak, uncertainty in Europe is threatening U.S. growth, and unemployment is stubbornly high. But perhaps more significant was what Bernanke didn’t say: There was no mention or hint of another round of Bond buying (known as Quantitative Easing or QE3) at the next Fed Meeting.

It’s important to remember that rumors or hints of QE3 could help Bonds (and thus home loan rates, which are tied to Mortgage Bonds), but once an official announcement is made, Bonds and home loan rates could suffer as Stocks would likely rally. However, the weak economic data here and the continued problems in Europe mean that investors will likely continue to see our Bonds as a safe haven for their money…helping home loan rates in the process.

The bottom line is that home loan rates continue to reach historic lows, making now a great time to purchase or refinance a home. Let me know if I can answer any questions at all for you or your clients.

Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_market_view_Gray.gif

Forecast for the Week

Although economic news this week is rather light, some key reports will be released…and they may impact the markets and home loan rates:

  • Economic news doesn't begin until Wednesday with data on New Home Sales. Last week, there was some hope that the housing markets were bottoming after a solid Housing Starts report, but those hopes were quickly dashed after the weak Existing Home Sales numbers. So, the markets will be looking to see what this week reveals about the housing market.
  • Thursday we’ll see more housing news in the form of Pending Home Sales.
  • Weekly Initial Jobless Claims will be delivered as usual on Thursday and comes after a big rise in claims last week, which was due in part to seasonal abnormalities.
  • Durable Orders will also be reported on Thursday.
  • The government will release the first reading on second quarter Gross Domestic Product (GDP) on Friday and the report will be critical as to the outlook for the U.S. economy.
  • Finally, Consumer Sentiment for July will be released on Friday as well.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving — and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds and home loan rates continue to improve. I’ll be watching closely to see what happens this week.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday Jul 20, 2012)

Description: Japanese Candlestick Chart

Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_calendar_Gray.gif

The Mortgage Market Guide View...

One Day = 1,440 Minutes

By Jason Womack, Author. Productivity Coach. http://amzn.to/bestbetter

Schedule "think" time on your calendar.

Start with blocks of 15 minutes. I recommend you schedule five of these sessions over the next week. Consider starting with just one a day.

There are two goals for this activity:

  • Rarely do you get enough time to focus on one thing while you're at work. To get better at what you do, you MUST practice focusing. I want you to be able to hold your concentration on one topic, idea or problem for extended periods of time. During these focus sessions, you may come up with a new or different solution just because you had "time to think."

 

  • If you schedule just one 15-minute block of think time a day, you'll be able to do it. (I've seen too many people try to block out an hour or two, only to have "something come up" that pulls them out for half or even all of that time.) 15 minutes...it's short enough to find, and long enough to matter!

Economic Calendar for the Week of July 23 - July 27

Date

ET

Economic Report

For

Estimate

Actual

Prior

Impact

Wed. July 25

10:00

New Home Sales

Jun

NA

 

369K

Moderate

Thu. July 26

08:30

Jobless Claims (Initial)

7/21

NA

 

NA

Moderate

Thu. July 26

08:30

Durable Goods Orders

Jun

NA

 

1.3%

Moderate

Thu. July 26

10:00

Pending Home Sales

Jun

NA

 

5.9%

Moderate

Fri. July 27

08:30

Gross Domestic Product (GDP)

Q2

NA

 

1.9%

Moderate

Fri. July 27

08:30

Chain Deflator

Q2

NA

 

2.0%

Moderate

Fri. July 27

08:30

Consumer Sentiment Index (UoM)

Jul

NA

 

72.0

Moderate

 

 Courtesy Billy Winfree F & M Bank 615-504-6939
Permission to re-publish

 

Vanessa Stalets
615-957-6333
RE/MAX Elite
615-661-4400
Your Brentwood TN real estate and homes for sale specialist!

 

by Vanessa Stalets | (Comments Off)

Brentwood TN Homes For Sale: Market and Finance Update July 16, 2012

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Slow and steady wins the race. That may be true for certain Olympic events, but when it comes to our economy slowing seems to be the operative word of late. Read on for details and what they mean for home loan rates.

Last week there was more evidence of a slowing U.S. economy, as the National Federation of Independent Businesses stated that its small business optimism index saw its largest one-month drop in two years, falling 3 points to 91.4. The 91.4 number is the lowest level since October. Consumer Sentiment for July also came in at its lowest level this year.

Recession talk has grown in recent days, and some very well respected economists and thinkers believe we are either in a recession already or about to enter one. It is very tough to argue with this notion as the labor market and manufacturing numbers have rolled over in recent months, with those trends likely to continue lower in the face of so much uncertainty here and abroad. In addition, corporate earnings are starting to come out and companies are reporting numbers below already lowered guidance and citing uncertainty into the future.

So what does all of this mean for home loan rates? Recessions are deflationary (i.e. consumer prices moving lower) and deflation is good for Bonds as the fixed interest payment to the end investor goes further if consumer prices are moving lower. This means deflation is also good for home loan rates, as rates are tied to Mortgage Bonds.

If the economic data continues to be weak, the Fed will likely do another round of Bond buying, known as Quantitative Easing or QE3 – and in fact, the Fed Minutes for the June Meeting showed that a couple members had an appetite for more easing, but there was no consensus. Remember that additional hints of QE3 could initially push Stock prices higher, shifting cash out of the Bond trade and hurting home loan rates in the process. I will continue to monitor this situation closely.

The bottom line is that now continues to be a great time to purchase or refinance a home, as home loan rates continue to reach historic lows. Let me know if I can answer any questions at all for you or your clients.

Forecast for the Week

The economic calendar heats up this week. Couple that with the heart of earnings season and you have a recipe that could easily move markets.

  • Right out of the gate, Retail Sales will be reported on Monday. Consumers have been cutting back lately on fears that a global slowdown could lead to a recession here in the U.S.
  • Manufacturing data from the Empire State Index out of New York and Philadelphia Fed Index will be reported on Monday and Thursday, respectively.
  • On Tuesday, the Consumer Price Index (CPI) will be released. It is safe to say that inflation at the consumer level isn't a problem, yet.
  • On Wednesday, Housing Starts and Building Permits will be delivered. The housing sector has seen a light at the end of the tunnel but the pain remains. Existing Home Sales are set to be released on Thursday.
  • Also on Thursday, weekly Initial Jobless Claims will be announced. This comes after last week’s reading of 350,000, the lowest reading in four years.

In addition to those reports, earnings season is well underway. That means investors will react to the data within minutes of the release. Of course, if the numbers are weak, Stocks will most likely tumble and this could support Bonds and home loan rates.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving — and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds and home loan rates continue to reach record best levels...though they did pull back from their very best levels in the latter part of last week. I will continue to monitor all the news closely to see how home loan rates are impacted.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday Jul 13, 2012)
Japanese Candlestick Chart
The Mortgage Market Guide View...

3 Steps to Staying on Budget

In today’s economic environment, many people are paying more attention to their monthly budgets than they have in a long time. One of the best ways to reign in your budget is to get a handle on your spending habits. Share the following tips with your clients, colleagues, and family members so they can whittle down unnecessary expenses. These tips can also be applied to evaluating your business costs and expenses.

1. Take inventory. Many people can name their major expenses, but don’t remember all the little expenses that drain their wallets. To help you get a true picture of your spending, try writing down everything you spend money on during the course of a month. That means writing down not only your major expenses, but also those quick trips to the gas station, grocery store, coffee shop, movie theater, fast food restaurants, and so on. Also, if you pay for insurance or another bill on a quarterly basis, write down what the monthly expense equals.

2. Mark down your needs. Once you have all your expenses listed, it’s time to analyze them. The best place to start is by grouping your expenses using highlighters. For example, you may want to use one color to highlight “must haves” like your automobile, life insurance, utility payments and so on. Next, use a different color to highlight items that may be important occasionally, but aren’t required—such as, new clothes for work. Finally, use a different color to highlight unnecessary expenses that are nice, but could easily be cut out, such as mochas from the local coffee house. Now, you can make some purposeful decisions about what you can cut—starting with the easy items and working your way up to the important but not necessary. Don’t forget, it’s not always “either-or.” For instance, you don’t have to cut out mochas altogether; instead, you can cut down to one per week as a special treat after a busy or productive week.

3. Give yourself an allowance. Sticking to your budget is easier if you have no other option. If you have a real spending problem, you may want to give yourself an allowance to live on. For example, try taking out $50 or $70 in cash for each week and putting your credit cards and checkbook in a safe place. That way, when you spend money, you’ll actually see it leave your wallet… which means you’ll see the impact more dramatically. This forces you to make some tough decisions. After all, if you go to lunch on Wednesday, you may not be able to go to dinner on Friday night. It’ll be tough at first. But soon, it will be second nature.

Economic Calendar for the Week of July 16 - July 20

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. July 16
08:30
Retail Sales
Jun
0.2%
-0.5%
-0.2%
HIGH
Mon. July 16
08:30
Retail Sales ex-auto
Jun
0.1%
-0.4%
-0.4%
HIGH
Mon. July 16
08:30
Empire State Index
Jul
3.8
7.4
2.3
Moderate
Tue. July 17
08:30
Consumer Price Index (CPI)
Jun
0.1%
 
-0.3%
HIGH
Tue. July 17
08:30
Core Consumer Price Index (CPI)
Jun
0.2%
 
0.2%
HIGH
Tue. July 17
09:15
Capacity Utilization
Jun
79.2%
 
79.0%
Moderate
Tue. July 17
09:15
Industrial Production
Jun
0.3%
 
-0.1%
Moderate
Wed. July 18
08:30
Housing Starts
Jun
743K
 
708K
Moderate
Wed. July 18
08:30
Building Permits
Jun
765K
 
780K
Moderate
Wed. July 18
08:30
Beige Book
 
NA
 
NA
Moderate
Thu. July 19
08:30
Jobless Claims (Initial)
7/14
365K
 
350K
Moderate
Thu. July 19
10:00
Existing Home Sales
Jun
4.65M
 
4.55M
Moderate
Thu. July 19
10:00
Philadelphia Fed Index
Jul
-10.0
 
-16.6
HIGH
 

Courtesy Billy Winfree F&M Bank 615-504-6939
Permission to re-publish

 

Vanessa Stalets
615-957-6333
RE/MAX Elite
615-661-4400
Your Brentwood TN homes for sale and real estate expert!

 

by Vanessa Stalets | (Comments Off)

Brentwood TN Homes For Sale: Market and Finance Update June 11, 2012

Search MLS for Brentwood TN Homes for Sale HERE

 
 

Description: Description: Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_forecast_Gray.gif

Last Week in Review

"Gonna keep on tryin' till I reach the highest ground." Stevie Wonder. And US Bonds (including Mortgage Bonds, to which home loan rates are tied) are continuing to reach for the “highest ground” or best levels ever. Read on for details.

Description: Description: Description: http://www.mmgweekly.com/templates/mmgweekly/reg_chart/360/images/topimage0608.jpgLast week, Fed Chairman Ben Bernanke was mum about another round of Quantitative Easing (QE3). This put a pause on the Stock rally we saw midweek, to the benefit of the Bond Markets and home loan rates.

Also helping Bonds and hurting Stocks was a threat by Credit Rating firm Fitch, who said that the US may lose its AAA rating next year unless Congress comes up with a credible plan to significantly cut the budget deficit. And Fitch didn't stop there. They downgraded Spain three notches to BBB, which is just two notches above junk status!

The lack of confirmation of QE3, the US debt downgrade threat, and the escalating drama in Europe caused a "risk-off" trade or flight to safety into the US Dollar. This means US Bonds are being purchased as a safe place to "park" money, and this is helping Bonds and home loan rates reach for their best levels. And while that’s great news for TN homebuyers, it is also important for our economy to strengthen and improve. Last week’s economic report calendar was light, though we did see a glimmer of good news as the latest weekly Initial Jobless Claims Report showed its first decline since April.

The bottom line is that now continues to be a great time to purchase or refinance a Brentwood TN home, as home loan rates are reaching for historic lows. Let me know if I can answer any questions at all.

Description: Description: Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_market_view_Gray.gif

Forecast for the Week

Economic data heats up this week…and the news may impact Bonds and home loan rates. Here’s a glance at some important reports to watch:

  • The economic calendar gets interesting on Wednesday when the Retail Sales Report for May is released. The data will give investors a look at how consumer spending is holding up in this choppy economy.
  • Also on Wednesday, Wall Street will get a look at inflation at the wholesale level with the Producer Price Index (PPI).
  • On Thursday, the more closely watched Consumer Price Index (CPI) will be released. If there is any hint of inflation pressures, Bonds and home loan rates could worsen, especially since prices are already near record bests.
  • Weekly Initial Jobless Claims will also be delivered on Thursday.
  • To round out the week, Empire Manufacturing and Consumer Sentiment will be released on Friday.

In addition to those reports, the U.S. Treasury is set to sell $66 billion in notes and Bonds. Bond prices — and as a result, Brentwood TN home loan rates — may be impacted according to the demand the auctions see.

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means home loan rates are improving — and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, Bonds and home loan rates continue to reach for their best levels ever. I’ll continue to monitor this closely.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday Jun 08, 2012)

Description: Description: Description: Japanese Candlestick Chart

Description: Description: Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_calendar_Gray.gif

The Mortgage Market Guide View...

Stolen LinkedIn Passwords are Only Half the Problem

Last week, a high-profile hack resulted in millions of people worrying about the security of their accounts on sites such as LinkedIn, eHarmony, and the BBC.

In response to the situation, LinkedIn deactivated the stolen passwords and sent emails to the owners of those accounts with information on resetting their passwords. By the end of the week, LinkedIn had not been able to identify any actual account break-ins due to the compromised passwords.

But the stolen passwords were just the first problem!

Watch Out for a Second Scam

Soon after the highly publicized hacking, a second attack wave was unleashed on unsuspecting LinkedIn members. The second wave came in the form of a phishing scam. This scam consisted of phony emails that look as if they were sent from LinkedIn. The phony emails include a link that directs users to a phony website that looks like it will reset the LinkedIn password. And, you guessed it, once users put their information into the website, they’re vulnerable all over again!

Don’t Click That Link!

LinkedIn has confirmed that it is sending emails to members whose passwords were compromised, but the company stresses that those emails do NOT include any links. Instead, the company has included specific instructions that need to be followed to reset the password. So if you see an email that looks like it will help you reset your password, don’t bite.

Stay Up to Date

As part of its communication to members, LinkedIn posted some important reminders about best practices for protecting passwords from phishing scams and other malicious scams.

You can read the password best practices on LinkedIn’s blog and follow LinkedIn’s Twitter feed to stay informed on the latest developments of the hack.

Economic Calendar for the Week of June 11 - June 15

Date

ET

Economic Report

For

Estimate

Actual

Prior

Impact

Wed. June 13

08:30

Retail Sales

May

-0.2%

 

0.1%

HIGH

Wed. June 13

08:30

Retail Sales ex-auto

May

0.0%

 

0.1%

HIGH

Wed. June 13

08:30

Producer Price Index (PPI)

May

-0.7%

 

-0.2%

Moderate

Wed. June 13

08:30

Core Producer Price Index (PPI)

May

0.2%

 

0.2%

Moderate

Thu. June 14

08:30

Core Consumer Price Index (CPI)

May

0.1%

 

0.2%

HIGH

Thu. June 14

08:30

Consumer Price Index (CPI)

May

-0.2%

 

0.0%

HIGH

Thu. June 14

08:30

Jobless Claims (Initial)

6/09

375K

 

377K

Moderate

Fri. June 15

08:30

Empire State Index

Jun

13.5

 

17.1

Moderate

Fri. June 15

09:15

Capacity Utilization

May

79.1%

 

79.2%

Moderate

Fri. June 15

09:15

Industrial Production

May

0.1%

 

1.1%

Moderate

Fri. June 15

10:00

Consumer Sentiment Index (UoM)

Jun

77.0

 

79.3

Moderate

 

 Courtesy Billy Winfree F&M Bank 615-504-6939
 Permission to republish

 

Vanessa Stalets
615-957-6333
RE/MAX Elite
615-661-4400
Your Brentwood TN real estate and homes for sale expert!

by Vanessa Stalets | (Comments Off)

Brentwood TN Homes Mortgage and Finance Update June4, 2012

Search Brentwood TN Homes For Sale HERE

Last Week in Review: The Jobs Report for May was released. Was it good, bad, or ugly?

Forecast for the Week: The economic report calendar is light, but will the rally in Bonds and home loan rates continue?

View: Taking a home inventory is easier than you think...and it’s free! See important details below.

Description: Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_forecast_Gray.gif

Last Week in Review

There’s good, there’s bad, and there’s ugly. And the Jobs Report for May was just plain ugly, with not one good data point within the release. Read on for details...and what they mean for home loan rates.

Description: Description: http://www.mmgweekly.com/templates/mmgweekly/reg_chart/359/images/topimage.jpgOn Friday, the Labor Department reported that 69,000 jobs were created in May, with 82,000 private sector job gains offsetting government jobs losses. This was a HUGE downside miss - basically half of what was expected. Adding to the pain were downward revisions to the previous two months, which erased another 49,000 jobs from what was previously reported. And if that wasn't enough, the unemployment rate ticked up to 8.2%, when expectations were for it to hold steady.

The Labor Force Participation Rate (LFPR) actually improved by .2% to 63.8, but it is still hovering at a 31-year low. The LFPR is quite simple: If you are 16 years of age and not in the military and you have a job, then you are participating. If you don't have a job, you are not participating - that is how the ratio is measured. The big picture is how do we as a country reverse this significantly negative trend? We must have more people participating or working to help pay for those who are not.

So what does all of this mean for home loan rates? Remember that weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve. And last week, several weak economic reports and the ongoing drama in Europe helped home loan rates reach record best levels. With inflation moderating, Stocks getting killed, and the US Dollar very strong thanks to the drama in Europe, the Fed has room for more stimulus (known as Quantitative Easing, or QE3). But it’s important to note that with home loan rates already at historic lows, another round of easing probably won’t cause home loan rates to move much lower.

The bottom line is that Brentwood TN home loan rates remain near historic lows and now continues to be a great time to purchase or refinance a Brentwood TN home. Let me know if I can answer any questions at all for you.

Description: Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_market_view_Gray.gif

Forecast for the Week

This week's economic calendar is light, but there’s another potential development to monitor. Here’s what to watch this week:

  • ISM Services will be released on Tuesday. This report shows how the service sector is holding up. Remember, individuals employed in this sector produce services rather than products.
  • The only other report of significance will be the weekly Initial Jobless Claims report on Thursday. This week’s data will come after last week's rise in claims, which signaled that the labor market continues its malaise.

In addition to those reports, one of the big questions this week will be where investors decide to park their money. Will it shift from the safe haven of Bonds into riskier assets? With economic data getting weaker week-by-week, can the rally in Bonds continue?

Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond that home loan rates are based on.

When you see these Bond prices moving higher, it means Brentwood TN home loan rates are improving — and when they are moving lower, home loan rates are getting worse.

To go one step further — a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.

As you can see in the chart below, weak economic data and the drama in Europe helped Bonds and home loan rates reach record best levels. I’ll continue to monitor this situation closely.

Chart: Fannie Mae 3.5% Mortgage Bond (Friday Jun 01, 2012)

Description: Description: Japanese Candlestick Chart

Description: Description: http://www.mmgweekly.com/membersonly/images/images/new2/Gray/images/sym_calendar_Gray.gif

The Mortgage Market Guide View...

Home Inventory Made Easy:

Send This Link to Clients and Friends

Here’s a great idea you can pass on to your clients, friends, and family members — whether they’ve owned a home for decades or are just settling into homeownership.

Imagine the nightmare of having a home damaged or destroyed. Then, to make matters worse, imagine trying to remember all of the home’s contents for insurance and replacement purposes. Many thousands of Americans find themselves in that situation every year.

Now’s the time to make sure that doesn’t happen!

Here’s how…

Homeowners can create a home inventory list with ease thanks to FREE access to the Insurance Information Institute’s "Know Your Stuff" software, which is available at www.knowyourstuff.org. The software is user friendly…available as an app…and even provides free secure storage online so users can be sure their inventory is accessible in the event that their home is damaged.

After a quick setup, users can create a name for each room in their home — kitchen, living room, family room, master bedroom — and begin adding items. A drop down list is even available with the most common household items as well as the specific information required by insurance companies, in case a claim needs to be filed. Want to add a picture or a receipt for a large ticket item? No problem, just upload the image.

Once the home inventory is completed, it’s a good idea to have the homeowner’s insurance agent review the list to make sure the home has sufficient coverage.

Economic Calendar for the Week of June 04 - June 08

Date

ET

Economic Report

For

Estimate

Actual

Prior

Impact

Tue. June 05

10:00

ISM Services Index

May

53.0

 

53.5

Moderate

Wed. June 06

08:30

Productivity

Q1

0.7%

 

-0.5%

Moderate

Wed. June 06

02:00

Beige Book

May

 

 

 

Moderate

Thu. June 07

08:30

Jobless Claims (Initial)

6/2

375K

 

383K

Moderate

 

 Courtesy Billy Winfree F&M Bank 615-504-6939
Permission to re-publish

 

Vanessa Stalets
RE/MAX Elite
615-661-4400

Your Brentwood TN and surrounding area real estate and homes for sale expert!

by Vanessa Stalets | (Comments Off)

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