A Simple Explanation Of The Federal Reserve Statement (March 13, 2012)
Posted by Rich Johnson | Leave A Comment »
Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
For the fourth consecutive month, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member dissented in the 9-1 vote.
The Fed Funds Rate has been near zero percent since December 2008. It is expected to remain near-zero through 2014, at least.
In its press release, the Federal Reserve noted that the the U.S. economy has “expanded moderately” since the FOMC’s January 2012 meeting, adding that growth is occurring despite “strains in the global financial markets” that pose “significant downside risks” to long-term outlooks.
The Federal Reserve now expects moderate economic expansion through the next few quarters and a gradual easing in the national Unemployment Rate.
The Fed also noted that :
- The housing sector remains “depressed”
- Labor conditions have “improved further”
- Household spending has “continued to advance”
With respect to inflation, the Fed said that rising oil and gasoline prices will “push up” inflation temporarily, but not over the long-term.
At its meeting, the Federal Reserve neither introduced new economic stimulus, nor discontinued existing market programs. The Fed re-affirmed its intentions to hold the Fed Funds Rate at “exceptionally low” levels through late-2014, and to buy mortgage-backed bonds in the open market.
Immediately following the FOMC’s statement, mortgage markets worsened slightly, pressuring mortgage rates higher.
The FOMC’s next scheduled meeting is a two-day event slated for April 24-25, 2012.
Related Posts: Federal Reserve, Interest Rates, Market Trends, Mortgage News, Real Living Lifestyles
New Listing @ the Ocean Front in Solana Beach
Posted by Nick Bednorz | Leave A Comment »
View All Homes For Sale in Solana Beach by Clicking this LINK
707 S. Sierra Ave, Solana Beach CA 92075
‘Seascape Chateau”
SELLERS SERIOUSLY MOTIVATED TO SELL
- Interior Remodeled with Travertine Flooring
- Plantation Shutters
- 2-bedroom Town Home
- 2.5 Remodeled Baths
- Bluff Front Development
- Intimate Development with Only 30-Homeowners
- 1432 SqFt of Living area
- 2- Fireplaces (Master Bedroom & Living Room)
- 2-assignedd parking places in secred parking area
- Beach Access from Development
- Private Pool
- Walk to Belly UP Tavern
- Walk to Cedros Design District
- Walk to Del Mar Fairgrounds & Race Track
- VIEW FULL LISTING HERE by OPENING LINK:Residential Agent Full
Spacious Living Room w/ Hi Ceilings & Fplce
Related Posts: San Diego
Two Fun Reasons To Buy Luxury Estate 30001 Via Maria Elena
Posted by Danette Dils | Leave A Comment »
8. FUN THINGS TO DO – GOLF & TENNIS ANYONE! Living in San Diego North County gives you endless opportunities to do fun things. And this magnificent home is centrally located for every kind of activity. Like to golf? Play tennis? Lunch at the clubhouse with compadres after playing 18 holes of golf? Enjoy a relaxing massage at the end of your tennis game? Take your pick of numerous golf courses and resorts in the area such as the San Luis Rey Downs Golf-Tennis Resort & Country Club and the Castle Creek Inn Golf Resort & Spa. You can also visit the famous Lawrence Welk Resort for golfing, relaxing and unique entertainment.
30001 Via Maria Elena is a beautiful single level custom estate home high on a hillside on 4.93 acres with spectacular views in North San Diego County’s equestrian community, Bonsall. Great for retirement or raising a family, this wonderful home has it all. Offered at $1,389,000.
Call, text or email me today for your personal tour of this exciting and unique estate home.
Danette Dils, Real Living Lifestyles, CA DRE#00923136
[email protected], (760) 390-3890
GO TO www.30001viamariaelena.com FOR REASONS 1-7 TO BUY THIS LUXURY ESTATE HOME.
Related Posts: Area Information, Buyers, Elegant Homes, Exclusive Properties, homes for sale, horse property, Investment Properties, New Listings, Video & Virtual Property Tours
Get a Head Start on the Spring Selling Season – List Your Home Now
Posted by Sue Johnson | Leave A Comment »
Now that March has arrived, homeowners across the country are getting ready to bid winter farewell and usher in spring, and the growing number of buyers that come with the season. While this winter has been anything but normal, those looking to sell their home should take into consideration that winter’s not over yet. In fact, in years past, some of the largest rainfalls and the coldest weather have occurred during the month of March.
However, home sellers shouldn’t view this as a negative thing when it comes to selling their home. Preparing your home for sale and listing it on the market during March can also provide an edge over the competition in your area.
While the warmer months are generally regarded as the best time for home sellers to get their property ready for sale, marketing your home at the tail end of winter shouldn’t be taken out of the equation entirely. Even though the weather is colder this time of year, it’s important to remember that prospective buyers are out looking for homes 12 months a year and there’s no reason to drop the ball on getting your home on the market in March, before the spring selling season arrives.
If you’re preparing to list your home for sale this month, the first thing you need to do is make sure the home feels toasty when prospective buyers come to look around. If you are planning an open house or have showings scheduled, be sure to turn up the thermostat and make the home warm and inviting. If the house is cold, prospective buyers will more than likely race through the house. They may even start to question the windows and insulation.
In San Diego, we don’t usually face these issues but watch out for those occasional chilly days!
If your home has a fireplace, winter showings provide the perfect opportunity to show the potential buyer how cozy a fireplace can be. Go the extra step and leave some marshmallows and sticks nearby and invite open house attendees to test the fireplace out.
Display any eye-catching photos of these amenities so buyers can get a better understanding of what the property truly offers.
There are still many real estate professionals and home sellers alike who don’t believe that trying to sell a home during the winter is a good idea, so the month of March is a great time to take advantage of the smaller competition. Many serious buyers often come out during the winter months, including corporate clients who usually need to relocate within the first quarter of the year.
Since a lot of people are waiting until spring to put their home on the market, being ready in March is a great way to beat the rush.
Contact us if you are ready to speak with Sue Johnson at 760-801-0414 or email us. You can also view our full set of Listing Tools For Sellers.
Related Posts: Escondido, New Listings, Poway, Rancho Bernardo, San Diego, San Marcos, Sellers
Strong Jobs Report May Cause Mortgage Rates To Rise
Posted by Rich Johnson | Leave A Comment »
With home affordability at an all-time high, buoyed by the lowest mortgage rates ever, it’s been a terrific time to buy or refinance a home using a mortgage.
The good times may not last, though, so today marks an ideal time to lock a mortgage rate. Friday brings risk. Here’s why.
Since 2010, weak economic conditions have been a primary catalyst for low mortgage rates in San Diego County. Over the last 12 months, though, manufacturing output has been rising, consumer spending has been climbing, and business investment has increasing.
In other words, the economy is improving. However, it’s the jobs market that’s believed to be the economic recovery keystone. When jobs come back, analysts say, so does the economy.
Assuming that’s true, a recovery may already be well underway.
According to the Bureau of Labor Statistics, the U.S. jobs market has grown for 16 straight months now, adding 2.5 million net new jobs along the way. It’s one reason why the February jobs report matters so much to housing.
Rate shoppers would do well to pay attention.
Friday, at 8:30 AM ET, the government will release its Non-Farm Payrolls report for February. Wall Street expects the report to show 210,000 new jobs were created in February, a figure slightly higher than the rolling, 6-month average for job growth. This would be a positive economic indicator.
If the analysts are correct, mortgage rates are likely to rise on the news, harming home affordability.
Furthermore, affordability could be harmed by a lot if the number of net new jobs created exceeds the 210,000 tally expected. It’s not a far-fetched scenario. Wall Street’s “whispers” put the actual jobs figure somewhere between 250,000-300,000. A reading like this could cause mortgage rates to spike and would add money to a prospective monthly mortgage payment for many.
If the idea of rising mortgage rates makes you nervous, consider taking your nerves out of the equation. Call your Samuel Scott Financial Group loan officer today. Please visit www.samuelscottfg.com or call 858-259-6070.
Related Posts: Buyers, Home Loans, Mortgage News
