YOUR Mortgage Minute -- August 11, 2009

Good Morning,

I hope your Tuesday is off to a great start so far.

In the Markets today, Mortgage Bonds are higher this morning, as they continue to follow through on yesterday's day long rally.

Helping give Bonds a lift was good news on inflation from the Labor Department. Worker Productivity came in better than expected and rose at its fastest pace in 6 years, as companies cut costs and try to maximize output from their current staff. This efficiency helps curb inflation, which is good for long-term Bonds like Mortgage Bonds.

Currently, Bonds are higher after breaking above resistance this morning. I recommend floating for now, as we watch to see how today's Treasury auction of 3-year Notes is received. I will certainly keep you posted on any major developments.

In the meantime, have a great day. If there is ever anything that I can do for you, please let me know.

YOUR Mortgage Minute -- August 10, 2009

Good Morning!

Here's to a terrific start to your week.

In the Markets today, after a 4-week rally higher, Stocks are a little lower this morning, which is helping Mortgage Bonds trade higher so far. That is certainly welcome news to the start of the week.

Despite a number of economic reports this week as well as the Fed Policy announcement on Wednesday, the big news could be the Treasury auctions. If the buying of Treasuries is strong, we could see a nice improvement in Mortgage Bonds. However, a poor showing could cause the Bond market to suffer further.

For now, Bond prices are trading modestly higher. Therefore, I recommend floating. I will let you know if a change of course is needed.

Last week was certainly filled with much market volatility -- a roller coaster for sure. If you are in need of real time updates on the markets as well, feel free to follow me on Twitter as well @MortgageMinute In the meantime, I hope your day is great for you. If there is ever anything that I can do for you, please let me know.

YOUR Mortgage Minute -- August 7, 2009

Wow!

What a day it has been so far.

Mortgage Bonds dropped sharply this morning and Stocks moved higher, after the Labor Department's Job Report came in better than economists expected and at the smallest loss since August. In addition, Unemployment dropped to 9.4%, from the prior month's reading of 9.5%--breaking a streak of 9 straight monthly increases.

While the report doesn't bode well for Mortgage Bonds in the short term, it is good news for the economy since it may be a sign that the worst recession in our lifetime could be ending.

Currently, Bond prices have dropped near session lows. Therefore I recommend locking at this time, if you haven't done so already and have a closing scheduled within the next 30 days. I will continue to monitor the situation throughout the day and certainly keep you posted of any major changes.

In the meantime, I hope you have a great rest of your day and a wonderful weekend ahead. If there is ever anything that I can do for you, please let me know.

YOUR Mortgage Minute -- HOME of the Day

Good Morning,

Today's feature home is on the South Side of Des Moines and wow, what a find at only $105,900. This home is located at 2933 SE 5th Street, Des Moines, IA. This is a great opportunity for a first time home buyer. The Listing Agent, Angela Meek of Re/Max Real Estate Concepts, shares the following information about this property:

"Welcome home to this well kept three bedroom ranch with over 1400+ sq ft finished. This home features newer laminate flooring, new carpet, and designer paint throughout. When you step inside the front door you will be welcomed by the large living room with a picture window. The eat in kitchen comes with all appliances and has plenty of cabinets and counterspace. The three bedrooms are conveniently located near the full bathroom. The basement showcases a big family room, laundry room (washer & dryer included) and plenty of storage. A fenced in backyard with playset is perfect for kids and a deck to sit outside and enjoy the fresh air. Great location, right down the street Howe Elementary School. $10, 000 grant money is available for additional updates through NFC."

To arrange a private tour, please contact Angela at 515-577-7729 or via email at angela@angelameek.com. For more listings by Angela please visit her website at http://angelameek.com

YOUR Mortgage Minute -- HOME of the Day

Good Morning Friends,

Today's home is a simply fabulous find at 2600 E. 38th Court on the East Side of Des Moines and what a great price to move in as a First Time Home Owner -- $115,000. For this, you get 3 bedrooms, 1.75 bathrooms and a great place to call home.

Nigel Chapman, Real Estate Broker and owner of this home relayed the following information about it:

"This is a Remodeled 3 bedroom ranch in Sheridan Park. 2 car garage with A/C and additional off road parking for 4 more cars! Fenced yard. New kitchen with new stove, microwave, dishwasher, refrigerator, disposal. Original hardwood floor in living room. New carpet in all 3 bedrooms. Remodeled bathroom. Finished basement has large family room, wet bar, 3/4 bath and office/non-conforming bedroom. Basement finish is estimated at 500 SF. Owner is licensed real estate broker."

To arrange a private tour give Nigel a call at: 515-321-8094

You can also visit his other listings on his homepage at http://www.dreamhomeonline.com

I hope that you have a great day.

YOUR Mortgage Minute -- HOME Of The Day

Good Morning,

Today I want to take you to St. Charles, Iowa, a quaint bedroom community in Madison County, Iowa to look at 213 N. Highland Avenue, a 3 bedroom, 2.5 Bath 2 Story New Construction home priced to move in at $179,900. This property features NINE years of tax abatement and is eligible for up to 100% Financing through Rural Developement and the USDA.

The Listing Agent, Steve Wolvers, had the following to say about this great home: "Seller will pay 3% for buyers closing costs. This home is the best quality home for the money. This home has stainless steel stove, fridge, dishwasher & microwave, plus all tile in entry, kitchen, landing and bathrooms. You must see this as it has all the features you find in the Des Moines metro's $250,000 priced homes. Well worth the drive to come see this one of a kind home. Ranch plans also available for built to order home. Nine years of tax abatement left."

A great opportunity awaits in St. Charles, Iowa.

Here is the Contact information to arrange a private showing:

Steven L Wolvers

RE/MAX SUBURBAN REAL ESTATE INC

102 1st Street SE

Bondurant, Iowa 50035

Ph: 515-967-5424 Ext 104

Cell: 515-669-7355

I hope you have a great day!

YOUR Mortgage Minute -- August 04, 2009

Good Morning,

I hope things are going well for you today.

In the markets this morning, Bonds received an initial boost this morning, but have moved lower once again, as some surprisingly good news on the housing market hit the wires.

In the news, Pending Home Sales rose in June for the fifth straight month, fueled by low home loan rates and bargain home prices. In addition, inflation came in tame in the PCE report. Meanwhile, Personal Spending came in slightly higher than estimated, while the Savings rate slipped a bit.

Currently, Mortgage Backed Securities are at their worst levels of the day. Therefore, I recommend locking right away. The way things are looking, rates appear to be deteriorating rapidly this morning. If the situation changes, I will certainly let you know. In the meantime, if there is ever anything that I can do for you, please let me know.