Homes For Sacramento
Homes For Sacramento
I am sure most of you have seen the various news accounts of the breadth of the devastation as reports begin to come in as to the extent of the storm’s impact on many of the areas in the Northeast. This will more than likely have a greater economic impact in dollars than Hurricane Katrina in the New Orleans area. The Governor of New York said the island of Manhattan is only a few feet above sea level. Obviously experiencing a storm surge in excess of 15 feet is going to be pretty impactful. If any of you have had the pleasure of visiting New York and ridden their subway system, you may have noticed, a good portion of their electrical grid is within the subway system. Salt water is not exactly a great combination with electrical lines which has…
The equity and bond markets remain closed today. Mortgage loan rates cannot be locked in with any major investor. There are a smattering of a few retail shops that are publishing a rate sheet today, but this pricing is going to be worse by at least .50 to .75% as they are gambling the market will not exceed this when it opens tomorrow. That kind of prevent pricing is not going to be helpful to anyone.
We expect the market (interest rates) to open worse in the AM. Why? Because everyone has securities to sell because of their loan sale activity being curtailed for the last few days. Basically, this means Traders need “to cover their bets.” Tomorrow morning will be volatile and while I am sure many of you have loans to lock in, you may want to…
OOPS, THEY DID IT AGAIN!... "They" are corporations reporting Q3 earnings. And just like the week before, those earnings on the whole failed to impress investors, who sent all three stock indexes down. With solid companies reporting basically negative revenue growth, Wall Street interpreted that as an indicator the global economy is slowing down. For the U.S. economy, the first estimate of Q3 GDP growth came in at a very modest 2.0% annual rate. The Fed policy statement added, "growth in employment has been slow, and the unemployment rate remains elevated."
Durable goods orders headed up 9.9% in September, bouncing back after their steep drop in August. But the Richmond Fed index, tracking mid-Atlantic manufacturers, dropped to –7 in October from +4 the
Purchase a home today with almost nothing out of your pocket using your VA loan eligibility. open this link below to read how VA loans surge in Fiscal Year,
Homes For Sacramento.
If you want to find out what is involved in the home buying process, go to this valuable link and follow there instructions. If you need to speak to a professional, contact Rick Delgado with the Homes For Sacramento at 916-226-1136 or simply reply to this email.
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