Looking for property

Hi All,
I sold my personal residence and am looking for a home in either Folsom or El Dorado Hills.  1800-2500 sq.ft. 4 bedroom, 3 car garage. $400,000 max.  Let me know if you have anything available. Will be closed first of February.
Thanks
Gidget

Mortgage Success

 


February 27, 2013

Last Week in Review

The debate within the Fed about whether to continue their latest round of bond buying, known as Quantitative Easing, continues.


Table Source: Mortgage Success Source


What is Quantitative Easing?
Quantitative Easing is the concept of the Fed becoming a buyer of Treasuries and bonds to try to stimulate the economy.

Why does the Fed do Quantitative Easing?
Often, the Fed does Quantitative Easing to create inflation and avoid a deflationary economy. It’s also used to help lower the unemployment rate and boost stock prices. For this latest round, the Fed especially wanted to help stimulate the housing market and our economy overall.

The housing market has shown signs of improvement lately. While housing starts in January declined overall, single family housing starts rose to their highest rate since July 2008. Building permits, a sign of future construction, also came in above expectations. These reports were the latest in a series of reports showing that the housing market is recovering.

Last week, the minutes from the Fed’s January meeting of the Federal Open Market Committee noted that several Fed members would like to halt the Quantitative Easing program sooner than planned, because they are concerned about inflation. However, it’s important to note that last week’s Producer and Consumer Price Index Reports showed that inflation at both the wholesale and consumer levels remained moderate in January.

On the reverse side, other Fed members are concerned that halting the program too soon could end the recovery in the housing market, and hinder our economic recovery overall.

The biggest take away is that home loan rates continue to remain near historic lows.

Forecast for the week

A busy week of reports is ahead, with news on housing, manufacturing, consumer sentiment, U.S. growth and inflation.

  • The week starts and ends with a measure of how the consumer is feeling with yesterday’s Consumer Confidence Report and last week’s Consumer Sentiment Index.
  • Look for Pending Home Sales today.
  • We’ll get a sense of how the economy is doing with today’s Durable Goods Orders, which measures orders for products used for an extended period of time, and this week’s Gross Domestic Product, the biggest picture of economic activity.
  • Also later this week Weekly Initial Jobless Claims will be reported.
  • Late in the week also brings Personal Consumption Expenditures, the Fed’s favorite measure of inflation, along with Personal Income and Spending and the ISM Index.
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.
 
As you can see in the chart below and as mentioned above, inflation continues to remain moderate. Remember that inflation negatively affects bonds because it hurts the value of fixed investments like bonds.

4670 Montaire Dr, Shingle Springs, CA, 95682

4670 Montaire Dr, Shingle Springs, CA, 95682 < >
<< Photo 1 of 36 >>
for sale
$1,335,000
Bedrooms:4
Bathrooms:6.5
Square Feet:5125
Lot Size:10.02 Acres
Year Built:2004
Status:Active
MLS #:17048364
Date Updated:
For information contact:
Gidget Foat
BRE #01516829
Get More Information
Go See This Home
2 HOMES on 10 acres Exquisite Custom over 5000 sq ft 3 car attached garage, 2nd home 1186 sq ft has 3 car garage with bathroom. Main home features: Beautiful granite counter in the kitchen with island built in refrigerator 2 dishwashers, open and bright to family room exudes warmth and elegance 2 master suites 1 up 1 down 2 laundry rooms an office plus bonus/media room that has separate balcony to watch the sunset. close to EDH & Hwy 50,shopping, restaurants too much to list. ask agent for list
Interior Details
Bedrooms: 4.00Full Bathrooms: 6
Half Bathrooms: 1Possible Bedrooms: 5.00
Air Conditioning: CentralMaster Bathroom Features: Double Sinks, Tile, Tub w/Shower Over
Dining Room Features: Breakfast Nook, Formal RoomFloors: Carpet, Linoleum/Vinyl, Tile, Wood
Fireplace: Family Room, Living Room, Master SuiteGarage: 3 Car Attached, 24'+ Deep Garage, Garage Door Opener
Heating: Central, Propane, Stove PelletKitchen Appliances: Compactor, Cook Top Gas, Dishwasher, Disposal, Freezer
Kitchen: Counter Granite, Island w/Sink, Pantry ClosetLaundry: 220 Volt Hook-Up, Gas Hook-Up, Upper Floor, Other-Rmk
Master Bedroom Features: Closet Walk-InUtilities: 220 Volts, 440 Volts, Propane, Propane Tank Leased
Water: Domestic WellSquare Footage: 5125

Exterior Details
Acres: 10.0200Lot Square Footage: 436471
Exterior Features: StuccoFoundation: Raised
Horse Property: YesHorse Description: Cross Fenced, Hay Storage, Pasture, Riding Trail, Trai
Landscaping: Fenced Back, Fenced Front, Sprinkler Auto F&ROther Structures: Guesthouse
Pool: NoneRoads: Gravel
Sewer: Septic SystemTerrain: Lot Grade Varies, Rock Outcropping, Trees Many, View
Lot Description: Cul-De-SacStyle: Contemporary

Community Information
Construction: FrameEnergy Saving Features: Ceiling Fan(s), Dual Pane Full, Low E Glass Partial,
School District: El DoradoElementary School: Latrobe
Jr/Middle School: LatrobeHigh School: El Dorado Union High

Property Information From MLS Data
Home Equipment: Antenna Dish, Audio/Video Prewired, Central Vacuum, MImprovements: None
Rec Storage: RV StorageRemodel: Bonus Room, Downstairs Bedroom, Guest Quarters Dtchd
Property Type: Attached, CustomZoning: AE
Virtual Tour URL: Click hereYear Built: 2004

Property Features
Misc Features: Balcony, Deck Covered, Patio Uncovered, Spa/Hot Tub P

Financial Information
HOA: NoHOA Fees: 0

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Listing courtesy of Gidget Foat, RE/MAX Gold El Dorado Hills


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