Hello Bloggers, thanks for stopping by today. What is one of the biggest factors that effect Raleigh real estate and Cary real estate? Answer – Mortgage rates. I want to be sure to send out important news about refinancing or purchasing a home. The media has been speaking about rates dropping. It is very important that we share news that the Chief Executive of Freddie Mac said last Friday that home rates are near the BOTTOM! Now really is the time to buy. Here is the update for mortgage rates today, please read carefully.
MMG Update - Tuesday, March 31, 2009 10:17am ET
Current Trend Direction: Sideways
Risks favor: Floating for now
Current Price of FNMA 4.0% Bond: $100.62, +12bp
In light of the recent price improvement in Mortgage Bonds, we have now switched our focus back to the FNMA 30-year 4.0% Bond. This change is reflected on the Bond Page and text messaging.
Mortgage Bonds are trading slightly higher so far this morning, and Stocks are looking to rebound after yesterday's sell off.
Interesting note that supports our views on the unlikelihood of rates moving much lower - last Friday, Jack Koskinen, interim chief executive of Freddie Mac, said that home loan rates are near the bottom and that any further decreases will be small. Mr. Koskinen commented on mortgage rates after he attended the meeting between President Obama and the CEO's of the financial services companies on Capitol Hill. Perfect opportunity to get the word out to clients who are sitting on the fence waiting for that 4% rate...now is the time to purchase or refinance as rates are at historically low levels, and not likely to move much lower.
Add this news to the $8000 tax credit available for all buyers that have not owned a home in the last 3 years and you have a winning combination for immediate home equity gain, if you follow one simple rule. The rule is NEVER shop for real estate with a amateur. It’s just to big of an investment. Call or e-mail us today to get started ifinding the right home value for you.
As always, God Bless and drop by again soon. Marti
Tuesday, March 31, 2009
Saturday, March 28, 2009
Do you Want More Energy?
Hello Happy Bloggers, thanks for stopping by. Usually, as you would guess, my blog entries center on Raleigh real estate and Cary real estate. In general, the market is moving right along. I would not describe the pace of sales a fast nor slow, just steady. It’s still the best time to buy a home in years and take an 8K tax break if you haven’t owned a home in the last 3 years.
But ENERGY not Triangle real estate is the point of time with you today. If you’ve been blessed (as I have) with an abundance of energy, you are fortunate and blessed. However, if you’ve ever lived through a period of time where you are drained emotionally or physically, you’ve likely seen your energy dip. I can relate! Earnestly, I feel that the headlines and daily news have been draining many of us in small business.
About 2 years ago, I ran into a past customer that told me about a product that gave her new found, boundless energy. I immediately wanted to know more. It was a simple program of a tonic, morning energy shake and occasional cleanse day. Frankly, a cleanse day never appealed to me, but I ordered the whole program and began my new regime.
At once, when I began the tonic and daily shake, I found I did not crave junk food! Everyone has their weakness and mine was a sugar addition joined with caffeine on a daily basis. Immediately, I did not crave sugar! It was huge for me. Part of the produce line was a simple energy packet to be added to bottled water that was appropriately called “Want More Energy”. These two things worked so well for me the first few weeks, I did not even look to see what else was in the box.
Long story short. I lost a few pounds, but the real story was the difference in how I felt each day. I decided if the morning tonic and shake could do this for me, what else could this program offer? So I decided to try a cleanse day. The day before my cleanse, I took two shakes, one in the a.m. and one in the p.m. The day of my cleanse, I drank the bottled cleanse product and the little wafers provided. My reaction the next day was startling. The immediate difference in the clarity of thought was amazing. The crisp, clean way you felt when you were in your teens and twenties was BACK in a big way.
Since diagnosed with a life threatening health issues in my twenties, I’ve always been open to how nutritional products. I tried hundreds of vitamins. None have ever made me “feel” different. This one did. For that reason, I will never be without these products. I know with certainty that our foods do not provide us with the nutrition that our bodies need to maximum health. That’s why I add a simple shake a day, a tonic and an occasional cleanse day to wake up my body’s natural vitality. If this sounds like something you’d be interested in knowing more about, e-mail me at marti@MartiHampton.com and I’ll tell you how to get started.
I know it takes high energy for my job and family. Yours too, I’ll bet. Contact me anytime, and as always, God Bless you and yours.
But ENERGY not Triangle real estate is the point of time with you today. If you’ve been blessed (as I have) with an abundance of energy, you are fortunate and blessed. However, if you’ve ever lived through a period of time where you are drained emotionally or physically, you’ve likely seen your energy dip. I can relate! Earnestly, I feel that the headlines and daily news have been draining many of us in small business.
About 2 years ago, I ran into a past customer that told me about a product that gave her new found, boundless energy. I immediately wanted to know more. It was a simple program of a tonic, morning energy shake and occasional cleanse day. Frankly, a cleanse day never appealed to me, but I ordered the whole program and began my new regime.
At once, when I began the tonic and daily shake, I found I did not crave junk food! Everyone has their weakness and mine was a sugar addition joined with caffeine on a daily basis. Immediately, I did not crave sugar! It was huge for me. Part of the produce line was a simple energy packet to be added to bottled water that was appropriately called “Want More Energy”. These two things worked so well for me the first few weeks, I did not even look to see what else was in the box.
Long story short. I lost a few pounds, but the real story was the difference in how I felt each day. I decided if the morning tonic and shake could do this for me, what else could this program offer? So I decided to try a cleanse day. The day before my cleanse, I took two shakes, one in the a.m. and one in the p.m. The day of my cleanse, I drank the bottled cleanse product and the little wafers provided. My reaction the next day was startling. The immediate difference in the clarity of thought was amazing. The crisp, clean way you felt when you were in your teens and twenties was BACK in a big way.
Since diagnosed with a life threatening health issues in my twenties, I’ve always been open to how nutritional products. I tried hundreds of vitamins. None have ever made me “feel” different. This one did. For that reason, I will never be without these products. I know with certainty that our foods do not provide us with the nutrition that our bodies need to maximum health. That’s why I add a simple shake a day, a tonic and an occasional cleanse day to wake up my body’s natural vitality. If this sounds like something you’d be interested in knowing more about, e-mail me at marti@MartiHampton.com and I’ll tell you how to get started.
I know it takes high energy for my job and family. Yours too, I’ll bet. Contact me anytime, and as always, God Bless you and yours.
Saturday, March 21, 2009
Wil Home Morgage Rates move Up or Down and How Soon?
Hello Bloggers, Thanks for stopping by on the weekend. I head rumors of mortgage rate increases and wanted to get the scoop. I asked a lender friend, Michael Martin of WR Starkey Mortgage to update me on what our buyers should be expecting on rates in the next few months. Raleigh real estate and Cary real estate remain a tremendous value. When inflation kicks in (and it will) the home prices we have now will go significantly higher. Add a higher priced home and a higher interest rate and buyers loose the buying edge of today's historic market.
Here are Michael Martin’s comments about our local financial market ......
Lightning strikes twice! This week the Fed announced that they will purchase an additional $750B of mortgage backed securities (the fed has purchased almost $235B year to date). So, just as it happened in January, rates dipped on the news. However, core CPI (Consumer Price Index - a measure of inflation) came in up 1.8% this week after being flat in January. Even in this economy we still see inflation and that is what keeps upward pressure on rates. And, just as in January, after the initial drop we see rates ticking back up. That’s OK with the FED though as their MAIN goal is to purchase enough mortgages to keep rates in that ‘high 4 - low 5’ percent zone through the end of 2009, but not necessarily push them dramatically lower. The extra time is needed so that congress’ new 105% refinance / foreclosure abatement plan, which is just kicking in, will be able to take advantage of the lower rate environment.
Bottom line - although the media is already spinning it differently, this is still NOT a time to wait and hope for lower rates. Your clients have a short window to grab the dip before history repeats itself and rates drift back up. Regardless, home loan rates remain within inches of all-time historic lows, but may not necessarily move lower based on this purchasing plan – Tell your clients to ACT now and that waiting is a very risky move.
This week the 30 year fixed rate is between 4.5% to 4.75% depending on credit and program type. Have a great weekend
Sincerely,
The Martin Mortgage Group
WR Starkey Mortgage
Michael A. Martin Tom Deadmore Tonya Martin
Raleigh Branch Manager Mortgage Planner Mortgage Loan Coordinator
Office: 919-845-2150 Office: 919-845-2150 Office: 919-845-2150
Mobile: 919-612-9978 Mobile: 919-625-1935 Mobile: 919-215-9743
Fax: 866-546-8920 Fax: 866-546-8920 Fax: 866-546-8919
mmartin@wrstarkey.com
As always, thanks for stopping by today. Call or e-mail us with questions. God Bless. Marti
Here are Michael Martin’s comments about our local financial market ......
Lightning strikes twice! This week the Fed announced that they will purchase an additional $750B of mortgage backed securities (the fed has purchased almost $235B year to date). So, just as it happened in January, rates dipped on the news. However, core CPI (Consumer Price Index - a measure of inflation) came in up 1.8% this week after being flat in January. Even in this economy we still see inflation and that is what keeps upward pressure on rates. And, just as in January, after the initial drop we see rates ticking back up. That’s OK with the FED though as their MAIN goal is to purchase enough mortgages to keep rates in that ‘high 4 - low 5’ percent zone through the end of 2009, but not necessarily push them dramatically lower. The extra time is needed so that congress’ new 105% refinance / foreclosure abatement plan, which is just kicking in, will be able to take advantage of the lower rate environment.
Bottom line - although the media is already spinning it differently, this is still NOT a time to wait and hope for lower rates. Your clients have a short window to grab the dip before history repeats itself and rates drift back up. Regardless, home loan rates remain within inches of all-time historic lows, but may not necessarily move lower based on this purchasing plan – Tell your clients to ACT now and that waiting is a very risky move.
This week the 30 year fixed rate is between 4.5% to 4.75% depending on credit and program type. Have a great weekend
Sincerely,
The Martin Mortgage Group
WR Starkey Mortgage
Michael A. Martin Tom Deadmore Tonya Martin
Raleigh Branch Manager Mortgage Planner Mortgage Loan Coordinator
Office: 919-845-2150 Office: 919-845-2150 Office: 919-845-2150
Mobile: 919-612-9978 Mobile: 919-625-1935 Mobile: 919-215-9743
Fax: 866-546-8920 Fax: 866-546-8920 Fax: 866-546-8919
mmartin@wrstarkey.com
As always, thanks for stopping by today. Call or e-mail us with questions. God Bless. Marti
Friday, March 20, 2009
Finally, some good news about real estate!
Hello Happy Bloggers! If you’ve been following this week, I’ve given you over 10 reasons to buy real estate NOW instead of waiting for the news media to finally give you some good news about the real estate industry. Here is my wrap-up about why buying a home in the Triangle should be on the top of your agenda, especially if you have been putting off buying a first home or moving to a larger home.
- The National Association of Realtors (NAR) has estimated that a one percentage point decrease in mortgage rates will increase home sales by more than 500,000. As of the first of the year, mortgage rates were at a 50 year low!
- The average price of a home from November 2000 to November 2008 has increased by 17%. That’s worth saying again – a 17% increase in the price of homes. Has your stock portfolio performed that well?
- NAR’s affordability index jumped to 131 at the end of 2008, up 17% from 2007 figures. The index indicated that households earning the national median income have 131% of the income needed to buy a home priced at the national average.
Finally, I want to give you a statistic that is truly staggering – are you ready? Over 30% of Americans own their home outright with no mortgage at all! Next time that someone tells you that this is the next Great Depression, please give them that number. Want to know how so many have achieved outright homeownership? Certainly they lived a disciplined life, but they also knew when and where to buy real estate. Many times they kept buying homes, improving them and then selling those homes until they were buying homes on an all-cash basis. Their advantage was knowing when and where to buy and sell real estate.
Do you want to own your home free and clear? Contact us now to find the very best homes on today’s market.
Have a blessed weekend,
Thursday, March 19, 2009
Should you buy a home now, or wait and see if prices drop further?
Hello Bloggers, thanks for stopping by today. I have to smile because the news media just keeps gleefully churning out negative comments about my beloved real estate industry! But that’s OK; I can ignore the hype because I’ve seen it before. The media conveniently forgets that real estate has been the single largest wealth creator for countless thousands of Americans. I am not talking about a "condo scheme" in Miami, or jumping on a Californian house of cards. I still believe that the American Home, thoughtfully purchased with the guiding hand of a trusted Realtor as an adviser, will be an investment that will weather this economic current quite nicely.
By the way, we would love to be your trusted adviser to find the right home for sale in Raleigh real estate or Cary/Apex real estate. If a home sounds like an investment you’d like to make in this buyer’s market, click here to talk to us.
Here are 3 more facts to consider:
- North Carolina's population rose 2% during 2008, making it the nation’s fourth fastest growing state.
- Three of the five best-performing real estate markets in the country for the first three quarters of 2008 were in North Carolina, according to Zillow.
- UNC-Charlotte’s Carolina Economic Forecast has predicted that growth should begin in the second quarter of 2009, with the gross state productivity advancing by 1.4%.
These are very encouraging facts I believe would give confidence to the market IF they were being reported. Please tell others! See you tomorrow for more great news about Raleigh and Cary real estate.
Thanks for stopping by, and God bless you and yours.
Wednesday, March 18, 2009
Is NOW the Right Time to Buy a Home? Fact and Fiction
Hello, thanks again for stopping by today. My mission is to get the FACTS out about buying Raleigh and Cary real estate in order to overcome all of the negative information that the national media pumps into our homes daily. Here are more facts to help you "take back control of your mind!"
Did you know?
- North Carolina is consistently at the forefront of affordable housing.
- Relocation.com states that for every 100 people leaving North Carolina, 180 move in.
- The National Association of Realtors estimates the impact of the stimulus package and lower interest rates on the housing market to result in about 900,000 additional home sales in 2009 compared to conditions before the stimulus was passed.
It’s not rocket science folks – the market will be and is rebounding. Stop by tomorrow (or if you can't wait that long, click here to visit our website) for more facts they don’t tell your family on the nightly news!
As always, God bless and come back soon.
Tuesday, March 17, 2009
Is now the time to buy - or should you wait?
Hello bloggers, thanks for stopping by today. I’m on a two day roll of adding info to my blog. I am doing this so YOU will begin to feel confident that NOW is the time to buy a home instead of waiting on “everyone” else to figure it out. Using facts, not emotion, is the way to make a solid decision. When you think about all the negative emotion that the 24/7 news media has injected into our lives for the last year, it’s a wonder we can even think at all! Here are some facts to consider:
- North Carolina ranks among the lower half of US states for foreclosed homes
- NC state chartered banks are better equipped than many national banks to handle loan losses. It also means that it is much easier to get a loan with a lower down payment than other more distressed states in the US. To find the very best loan available right now – click here.
- In January of 2009, while US foreclosure rates were 18% higher, NC foreclosures DECREASED 29.3%
Come by again tomorrow and I promise to give you three more reasons to make the decision to buy a home NOW versus waiting for the news media to find some "good news." Raleigh real estate and Cary real estate continue to be a value, but the secret is beginning to surface. DO NOT WAIT until everyone else gets their emotions under control – buy a home when you’re supposed to buy a home – IN A BUYERS MARKET!
Take Care – God Bless and stop by again tomorrow.
Saturday, March 14, 2009
How does Raleigh real estate cand Cary real estate ompare to the rest of US
Hello Bloggers, thanks for stopping by. I am the “good news” realtor today with many reasons why you should STOP listening to the National new media’s negative focus on real estate. Just like politics, all real estate is local. Raleigh real estate and Cary real estate are solid investments and NOW is the very best time in years to buy your dream home or buy your first home. We have some very strong indications that NC real estate is turning around and is poised for a rebound of steady continued growth in last two quarters of this year.
If you are buying a home, consider these facts:
• The NC Association of Realtors reported a 30% decrease in foreclosures for the month of November 2008 and a 13% decrease from 30 days prior.
• USA today reported that over half of the nations foreclosure happened in 35 counties – NONE of which are in North Carolina.
• Market’s where the number of foreclosed homes are high yield homes that are well below market value. The fewer foreclosure homes in any area give you the best option for buying a home that is a solid investment.
If you need more reasons, why not contact us to learn how to put $8000 free and clear into your pocket, fire your landlord and position yourself to earn some real money in real estate by buying at the best time in years. Call or e-mail us today! We are waiting.
God Bless and visit tomorrow for some additional FACTS about our area real estate statistics.
If you are buying a home, consider these facts:
• The NC Association of Realtors reported a 30% decrease in foreclosures for the month of November 2008 and a 13% decrease from 30 days prior.
• USA today reported that over half of the nations foreclosure happened in 35 counties – NONE of which are in North Carolina.
• Market’s where the number of foreclosed homes are high yield homes that are well below market value. The fewer foreclosure homes in any area give you the best option for buying a home that is a solid investment.
If you need more reasons, why not contact us to learn how to put $8000 free and clear into your pocket, fire your landlord and position yourself to earn some real money in real estate by buying at the best time in years. Call or e-mail us today! We are waiting.
God Bless and visit tomorrow for some additional FACTS about our area real estate statistics.
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