Tuesday, October 23, 2012
Thursday, September 20, 2012
What Does QE3 Mean for Home Loan Rates?
September 20th, 2012 5:12
PM
What Does QE3 Mean for Home Loan Rates?
Here’s some important information to know and to share:
What is Quantitative Easing? Quantitative Easing is the concept of the Fed becoming a buyer of Treasuries and bonds to try and stimulate the economy. Oftentimes, the Fed does Quantitative Easing when they are hoping to (1) create inflation and avoid a deflationary economy, (2) lower the unemployment rate, and (3) boost Stock prices.
Why did the Fed announce QE3? With our economy still struggling (especially our housing and labor markets) and inflation appearing tame, QE3 was widely expected. Over the next several months, at the very least the Fed will be buying Mortgage Bonds at an annual rate of nearly $800 Billion. The Fed also noted that QE3 will continue until there is a self-sustainable recovery in our economy, as long as inflation doesn’t rise too high or quickly.
What does QE3 mean for home loan rates? The Fed is buying such large amounts of Mortgage Bonds each month to keep home loan rates (which are tied to Mortgage Bonds) near record lows, which they hope will help strengthen our housing market and economy overall. However, as the economy starts to improve and if inflation heats up, Bonds could face some selling pressure…which could impact home loan rates negatively as a result.
What is the bottom line? Now remains a great time to consider a home purchase or refinance, as home loan rates remain near historic lows. If you or anyone you know wants to learn more about taking advantage of today’s low rates, call or email me anytime. I’m always happy to help.
What is Quantitative Easing? Quantitative Easing is the concept of the Fed becoming a buyer of Treasuries and bonds to try and stimulate the economy. Oftentimes, the Fed does Quantitative Easing when they are hoping to (1) create inflation and avoid a deflationary economy, (2) lower the unemployment rate, and (3) boost Stock prices.
Why did the Fed announce QE3? With our economy still struggling (especially our housing and labor markets) and inflation appearing tame, QE3 was widely expected. Over the next several months, at the very least the Fed will be buying Mortgage Bonds at an annual rate of nearly $800 Billion. The Fed also noted that QE3 will continue until there is a self-sustainable recovery in our economy, as long as inflation doesn’t rise too high or quickly.
What does QE3 mean for home loan rates? The Fed is buying such large amounts of Mortgage Bonds each month to keep home loan rates (which are tied to Mortgage Bonds) near record lows, which they hope will help strengthen our housing market and economy overall. However, as the economy starts to improve and if inflation heats up, Bonds could face some selling pressure…which could impact home loan rates negatively as a result.
What is the bottom line? Now remains a great time to consider a home purchase or refinance, as home loan rates remain near historic lows. If you or anyone you know wants to learn more about taking advantage of today’s low rates, call or email me anytime. I’m always happy to help.
Monday, September 17, 2012
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Build a Great Team
You Are the Quarterback! | ||||||||||||||||
 There comes a point in time in every business professional's career when he or she is tired of being a jack-of-all-trades and a master of none. At that point, they look to take their business to another level, either to create more income, more balance in their life, or both. When you find yourself in this situation, you must know it's time to become an employer. The first rule of teamwork is that a team can never be completely dependent upon any one individual. The most common mistake made is the leader of the team failing to delegate activities, therefore stunting the growth of the team. The next important point to remember is that as a leader, part of your job is to build a team of decision makers. This can only be done by observing, directing and training your associates at a very high level. As a leader you are responsible for the job security of your people. The clearer the vision of the leader, the more people will follow. When building your team, as the chief, you must lead by example. One of the great problems leaders have is failing to practice what they preach! Each team must have a Visionary and a Manager. A single person should not hold these positions. In many cases, one person tries to fill both roles. This is the classic case of a workaholic. These are the people who put in 60 or 70 hours a week and have no balance in their lives. You must let go of this attitude if you wish to achieve success in building a strong team and surround yourself with supporters. Surround yourself with people whom you can trust, and whom you know will get the job done. You must engage yourself with people who will follow your lead. Your classic implementation person can attain the results that you, the visionary, are seeking to achieve in your business plan. You are the quarterback of your team, and as such, you must have people around you who will protect you and block for you. Make sure that your working environment is enjoyable and satisfying, because this is the place where your people spend most of their waking hours. They spend more hours in the workplace than anywhere else in their lives. If this is not a satisfying, gratifying and enjoyable place, how can you expect your employees to flourish? With this in mind, make sure you avoid the temptation of micromanaging. While delegating is a critical part of your role as the Manager or Visionary, keeping too close an eye on your employees makes them feel untrusted and hesitant. Let employees know you expect them to make some mistakes, but that you trust them to excel at their work without you hounding them or watching their every move. You'll be grateful for employees who aren't afraid to use their own initiative, and who have confidence in themselves. | ||||||||||||||||
Tuesday, September 11, 2012
Monday, August 20, 2012
Tuesday, August 14, 2012
Mortgage Market Guide Weekly
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There were only two economic reports released last week, and the news from them was mixed. Productivity rose 1.6% in the 2nd quarter of 2012. Higher productivity signals that companies are squeezing more out of their current employees and may not add workers, which could slow job growth. There was a bit of good news on the labor front, though, as Initial Jobless Claims came in below expectations, declining to 361,000. 
Saturday, August 4, 2012
Thursday, August 2, 2012
Pulaski Bank Home Lending You Magazine
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 | Gary Bussard VP Mortgage Banker Pulaski Bank Home Lending Phone: (314) 993-6690 Cell (314) 283-0098 Kelly Deven- Client Services Advisor gbussard@pulaskibank.com www.4stlloans.com |  |
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August 2012
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