Kemmer's call

Interest rates stable now

January 19th, 2011 5:08 PM by Kemmer Daniel Matteson

While we have seen improvement in the economy and the stock market rally back up... there is still take of a large plethora of homes in foreclosure or banks are hold for resale.

The economy is driven by the consumer and if the lowering of rates caused the hugh run up in values, when it was over (2006)  the economy had to slow down..

Interest rates once again were lowered to allow for refinancing to lower rates and allow for those on adjustable rates to lock in before the rates head back up.

Currently the 30 year FNMA yield is floating around  100 giving us a rate of about 4.5%. While rates dipped a bit lower than this during the fall of 2010, I believe this is where we are going to sit for the next few months.

The apparent volume of home to sell will keep the prices stable if the banks feed the market there inventory and if rates remain stable we will get through this....

IF the banks dumped the load of foreclosures they are supposable holding  or rates jumped up the affordable index would once again drop. We are currently making great gains in the index (see link)

This would be a good time to buy on a fixed rate... or certainly lock in to a fixed rate refinance.

Visit our web site for a wealth of tools...

Kemmer Matteson


Posted in:General
Posted by Kemmer Daniel Matteson on January 19th, 2011 5:08 PM

Mortgage industry after April of 2011 I believe the answer to that, would be for the mortgage brokers and mortgage bankers to give more then what the big banks are giving to the public and to the real estate industry. It's a simple philosophy give and you will get much more in return. We have set our path for 2011 strategy and the execution of our strategy will begin in January 15th of 2011. Our strategy will create opportunities for real estate agents to have more business and develop for them a strategy for continuous growth in return to have a massive bonding strategy between the real estate agents in our market with our loan officers in exchange for the value that is provided by the services and the strategies we bring to our industry. All we would like to ask for the loan officers, the mortgage brokers and mortgage bankers that are in the industry and they are facing some financial trouble or facing frustration of growth and development for their office or their company to join us on Facebook and join our company so we could put our hands together and promote what banks can't promote, give the public and the real estate industry something that has never been provided and asking nothing in return. Our formula for success in 2011 is the way of conquering markets, it's the new way to conquer this industry lets come together and turn this industry to our benefit and show the banks how hard it is going to be for them when we are taking their business away, and how much this industry is in a need for our breed of professionals. facebook: twitter:!/georgesleaders
Posted by leaderscorp on February 9th, 2011 4:11 AM


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