Week of: Monday, September 12, 2011
Present Market Conditions
“Market concerns over Eurozone sovereign debt default and a weak U.S. employment report for August placed downward pressure on Treasury bond yields and allowed fixed mortgage rates to hit new lows this week,” according to Frank Northaft, vice president and chief economist for Freddie Mac. 30-year fixed-rate mortgages averaged 4.12% with .7 points, 15-year fixed rate mortgages were 3.33% with an average of .6 points, and 1-year ARMs averaged a record low of 2.84% with .6 points.
Expectations
The monthly inflation reports will headline all economic data released this week. On Wednesday, Retail Sales, which accounts for 70% of the nation’s economic activity, will be released along with the Producer Price Index (PPI). The Consumer Price Index (CPI) and Industrial Production are reported on Thursday, followed by Friday’s Consumer Sentiment, Import Prices and Philly Fed data. Treasury auctions are slated for Monday, Tuesday and Wednesday.
Guidance
Mortgage rates have hit all-time lows! NOW is the time to contact your mortgage professional regarding that new home loan or refinance!
About Edgar DeJesus
Edgar DeJesus, a Husband first and foremost who shares his life with his loving wife Emily and their pets Sammy, Charleston(chocolate American Cocker Spaniels) & Rocko (a fawn Great Dane). Fellow colleagues recognize him as one of the top mortgage planners in the Tampa Bay market and a fellow professional you can count on, his clients love him for being their trusted advisor. What keeps this hardworking mortgage planner going is his pure passion to deliver an extraordinary customer service experience. The question behind his motivation is simple - What differentiates him from every other real estate financing professional? He answers the question by saying: On every mortgage I provide for a client I treat it as if I were buying or building a home for my family, consolidating my debt, lowering my interest rate, or improving my own home. I deliver no less than I would expect if someone were providing me with a mortgage and most important their want & need is my want & need. He also says it is not just about providing mortgages, it’s about building life long lasting relationships. Some of his favorite hobbies are spending time with his family and friends, playing golf, dining at steakhouses, & fellowship with others.
Satisfaction for Edgar DeJesus comes from not only closing loans but rather opening doors. Receiving referrals from clients is a great compliment he can receive and the greatest compliment is to have clients repeat their loan experience with him. A great demonstration that he does not over promise and under deliver.
