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.

Privacy Policy

Online Privacy
We understand the concerns Internet users have about the privacy and security of information. This policy tells you about our priorities for protecting privacy and security of information collected on this website.

Information Gathered
We gather information about website visitors to improve the caliber of online information and services offered. There are two forms of data that we collect on the website: Site Visitorship Data and Personal Information Data. How we collect this information and what we do with it is discussed below.

Site Visitorship Data
We routinely gather data on website activity. This information, "Site Visitorship Data," is collected on an aggregate basis on public areas of our website, or on an individual basis on the password protected areas of our website that require website visitors to log on using an access code (e.g., userID and/or password). Site Visitorship Data may include information such as (i) how many people visit our website; (ii) the pages they visit and the features they use; (iii) how long they stay on our website; and (iv) the domain name of the Internet website from which visitors are connecting. Site Visitorship Data is generally gathered through the use of cookies and pixel tags.

A "cookie" is a small piece of information that an Internet site sends to a visitor's computer. In some cases, it is stored on the visitor's hard drive. Cookies can save the visitor's name, access codes, screen preferences, the pages of the site viewed by the visitor, and the advertisements viewed or clicked by the visitor. Visitors may decline receipt of the Internet cookie by using the appropriate feature of their Web software, if available. Declining the Internet cookie may, however, interfere with a visitor's ability to view certain content in our website.

A "pixel tag" is an invisible tag placed on certain pages of our website and is used to track an individual user's activity on the password protected areas of our website. A pixel tag is also known as a "clear gif."

Personal Information Data
We collect Personal Information Data such as name, address, phone number, email address, etc. that website visitors provide when they complete any online form, application, survey, or when they initiate a contact request. If you would like to modify any information that you gave us on a form you can do so by completing a new form and submitting it.

We are committed to protecting your personal information. We do not disclose this information to any other third party.

Collection of Personal Information From Children
This website is not directed toward children. We do not knowingly collect or post information from children under the age of eighteen (18). We encourage parents and guardians to spend time online with their children and to participate with them in the various interactive activities available on the Internet.

Email
To protect against and to correct misunderstandings, we may monitor electronic communications conducted with us. Further, we may, from time to time, send you marketing messages by email about our products and services. If you do not wish to receive emailed marketing messages from us, use Block Email to add your email address to our database. Note that since this process is automated, we will not respond. If you wish to communicate with us directly, please contact us.

Hyperlinks
This website may contain hyperlinks or "links," to and from other Internet sites. These sites may have different privacy practices from the one described here. Since this Internet Privacy Policy applies solely to this website, please remember to read the privacy statements of the other Internet sites you visit.

Security Standards
We work hard to ensure that our systems are secure and that they meet industry standards. Where appropriate, we employ firewalls, encryption technology, user access codes (e.g., userIDs and passwords) and other access control mechanisms to control access to systems and data. We continue to assess new technology to evaluate its ability to provide additional protection of personal information we collect on this site.

Internet Privacy Policy
This policy is effective as of September 27, 2004. We reserve the right to change this Internet Privacy Policy at any time. Changes will be effective immediately upon posting to our website. We recommend that visitors to our website re-visit this Internet Privacy Policy on occasion to learn of changes to our privacy practices and policies.

Contact
It is important to us to hear what visitors have to say about our website, our services, or any other issues. If you have any questions and/or concerns, or want to let us know what you think, please contact us