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.

6320 Aslin Way, Carmichael, CA, 95608

6320 Aslin Way, Carmichael, CA, 95608
Off-Market
Bedrooms:4
Bathrooms:2
Square Feet:1257
Lot Size:0.19 Acres
Year Built:1961
Status:Sold
MLS #:17059807
Date Updated:
For information contact:
Gidget Foat
BRE #01516829
Interior Details
Bedrooms: 4.00Full Bathrooms: 2
Half Bathrooms: 0Possible Bedrooms: 0.00
Air Conditioning: CentralMaster Bathroom Features: Shower Stall(s), Tub w/Shower Over
Dining Room Features: Breakfast NookFloors: Carpet, Laminate, Tile
Garage: 2 Car AttachedHeating: Central
Laundry: 220 Volt Hook-Up, Gas Hook-Up, In Garage, SinkUtilities: 220 Volts, All Electric, Natural Gas
Water: Public DistrictSquare Footage: 1257

Exterior Details
Acres: 0.1900Lot Square Footage: 8276
Exterior Features: Siding VinylFoundation: Concrete Slab
Pool: NoneRoads: Public Maintained
Sewer: In & ConnectedTerrain: Level

Community Information
Construction: FrameEnergy Saving Features: Ceiling Fan(s), Dual Pane Partial, Whole House Fan
School District: SacramentoElementary School: San Juan Unified
Jr/Middle School: San Juan UnifiedHigh School: San Juan Unified

Property Information From MLS Data
Improvements: Sidewalk/Curb/GutterProperty Type: Detached
Zoning: RD-5Virtual Tour URL: Click here
Year Built: 1961

Financial Information
HOA: NoHOA Fees: 0

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Listing courtesy of Gidget Foat, Keller Williams Realty


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