YOUR Mortgage Minute -- HOME of the Day

Good Morning,

I hope that your day is off to a FABULOUS start. Today, I am eager to bring you a great 3 bedroom home @ 4691Parkview Drive in Pleasant Hill, Iowa, a community on the East side of Des Moines. The asking price is $155,000. Angela Meek, the listing agent, shared the following information with me about this well maintained home:

"This home is amazing from the second you pull into the driveway. A very well kept 3 bedroom home located in a great neighborhood in Pleasant Hill. Custom open floor plan with an updated kitchen and bathroom. Hardwood pergo floors in the entry and kitchen. New carpet and a large bay window in the living room as well. A fabulous finished walkout basement awaits you with a woodburning fireplace in the family room plus 1/2 bath. This home has newer siding & windows in 2004, exterior doors and some new oak trim and interior doors. There is an expansive deck off of the dining room which leads to the awesome screened in gazebo or the lower level deck area. A fenced backyard with exceptional landscaping including apple and cherry trees plus beautiful foliage in the spring, summer, and fall. There is also a large 2 car attached garage. This home is a homebuyers dream, words can't say enough."

Wow! What a great find this is and its priced to move! A first time home buyer opportunity awaits and with mortgage rates so low now, this could very well be less than the cost of your current rent, and don't forget the $8,000 tax credit too! For more information about this great home, please contact:

Angela Meek
Re/Max Real Estate Concepts
Mobile: 515-577-7729
Email: angela@angelameek.com
Website: http://angelameek.com/

YOUR Mortgage Minute -- August 03, 2009

Good Morning,

I hope that you are having a great day!

In the Markets today, Mortgage Bonds are sharply lower so far this morning, after they were unable to break above an important technical level last Friday.

Meanwhile, Stocks continue higher after former Fed Chairman Alan Greenspan stated that the recession is nearing an end. This, combined with the slightly better-than-expected ISM Index, is putting selling pressure on Bonds.

This is a big week of market-moving news, including Friday's important Jobs Report. I recommend carefully floating for now, as Bonds test a key floor of support. But be ready to lock if prices are unable to stabilize. I will certainly keep you posted. In the meantime, I hope that you have a great rest of your day. if there is ever anything that I can do for you, please let me know.


Contact Options for me --
Office: 515-289-4381
Cell: 515-360-5197
e-mail: steven.w.schraderbachar@wellsfargo.com
facebook: httoL//facebook.com/Mortgageminute
twitter: @MortgageMinute

YOUR Mortgage Minute -- Home of the Day

Good Morning,

This month, I am starting a new program that will be featuring a home each day currently for sale by a Des Moines Iowa Area Realtor. The clock continues to tick on the $8000 First Time Home Buyer Tax Credit. To qualify, you must be in your new home NO LATER THAN November 30, 2009. Plain and Simple. So, if you are in the market as a first time buyer, or know someone who is, the window of opportunity continues to get smaller and smaller.

With that in mind, here are some key points to consider on today's featured Home:

Address: 2101 E 24th Street, Des Moines, IA 50317
PRICE: $119,900
Bedrooms: 3
Bathrooms: 1
Partial Bathrooms: 1

Here are the comments about the property from Steve Wolvers, the listing agent:

"WOW! What a find! Huge rooms, huge yard and a large detached garage plus a large hobby shed. This three bedroom home has hardwood floors throughout living room, bedrooms and hall. Just like brand new here. Hurry to take a look at the incredible find and to call this one home. NFC (Neighborhood Finance Corporation) neighborhood with $10,000 grant plus $2,500 closing costs and $8,000 tax credit if you are a first time homebuyer! Hurry call us today - don't miss this one!"

I recently had a chance to tour this home and it is quite a nice property for the price offerred. I encourage you to check it out soon! Here is a link to the property as well as contact information for the agent, Steve Wolvers.

http://wolverspack.iow.mlxchange.com/AWPDetails.asp

Steven L Wolvers

RE/MAX SUBURBAN REAL ESTATE INC

102 1st Street SE
Bondurant, Iowa 50035
Phone: 515-967-5424 Ext 104

Cell: 515-669-7355
Pager: 515-967-5428 Ext 104
Fax: 866-303-8466
Toll Free: 1-800-228-7340 x104
Email: remaxslw@aol.com
Web: www.wolverspack.com

YOUR Mortgage Minute -- July 31, 2009

Good Morning,

Happy Friday!

I hope your day is off to a fabulous start.

In the markets, Mortgage Bonds mounted an impressive reversal higher yesterday, after foreign participation in the 7-Year Note auction helped ease market concerns over excess supply and weak demand.

In today's news, Advanced Gross Domestic Product for the 2nd Quarter came in better than expected, while the 1st Quarter was revised lower. Overall, GDP has fallen four quarters in a row for the first time since government records started in 1947. The report also showed consumer spending is down, as consumer savings increased to the highest level since 1998.

Currently, prices are higher after some up-and-down movement earlier this morning. I recommend floating for now. But be prepared to act if the situation changes. I will certainly keep you posted as the situation warrants. Remember you can always follow me on Twitter @MortgageMinute for more up to date analysis as changes occur. In the meantime, if there is ever anything that I can do for you, please let me know.

YOUR Mortgage Minute -- July 30, 2009

Good Afternoon,

I hope your day is going well for you.

In the Markets today, Mortgage Bonds are trading lower and flirting with several Moving Averages, as the 50-, 100- and 200-day Moving Averages all lay within a few basis points of current levels.

In other news, Initial Jobless Claims rose slightly more than expected. However, the closely watched four-week moving average fell for a fifth straight week to the lowest level since January. Continuing Jobless Claims also fell for a third straight week to the lowest since April--but this number may be misleading since many people are coming off the list because their benefits have simply run out.

With Bonds struggling this morning and a hefty Treasury auction on tap today that may pressure Bonds, I recommend locking. The good news is, despite all the chaos of the markets, the 30-year mortgage rates are still near multi-year lows and still present a great opportunity.

Don't forget to follow me on Twitter @MortgageMinute for more information and updates. In the meantime, if there is ever anything that I can do for you, please let me know.

YOUR Mortgage Minute -- July 29, 2009

Good Morning!

I hope your Wednesday is off to a FABULOUS start so far. I just wanted to take a few minutes to provide a brief update on today's activities.

In the Markets, Bonds are trading slightly higher this morning, as Stocks move lower on news of the worst decline of the year in the Chinese Stock market.

In other economic news, Durable Goods Orders came in with weaker than expected numbers. However, when you remove the very volatile transportation orders, Durable Goods Orders actually rose better than anticipated. Overall, recent readings of this report do suggest some moderate stabilization within the economy.

Currently, Mortgage Bonds are trading just above the 25-, 50- and 200-Day Moving Averages. I recommend floating for now. But be prepared to change course if today’s Treasury auction or other market news impacts Bonds negatively. I will certainly keep you posted if news of the day requires a change of course. In the meantime, I hope you enjoy the rest of your day. If there is ever anything that I can do for you, please let me know.

YOUR Mortgage Minute -- July 28, 2009

Good Morning,

Mortgage Bonds are trading higher so far this morning, after trading quite a bit lower yesterday.

In the news, the Case/Shiller Home Price Index came in at its best reading in nearly twelve months and the first month-over-month improvement in three years. This is good news, especially when combined with the last few months of improved Existing and New Home Sales.

Currently, Mortgage Bonds are trading just beneath a layer of resistance formed by the 25-, 50- and 200-Day Moving Averages. I recommend floating for now to see if prices can build on the positive vibe. But be ready to lock if the Treasury Department's auction of $42 Billion in 2-yr T Notes shakes up the market later today.

I hope that you really enjoy the rest of your day. If there is ever anything that I can do for you, please let me know.