St Petersburg Real Estate Financing

Rising long-term rates including mortgage rates after the desperate slashing of the Fed funds rate show there are no easy answers to the economic crisis.  In Alan Greenspan's final year, he repeatedly talked about the fact that rates for the 10 year Treasure and 30 year mortgages remained low eve...

I spent some time over the last couple days reading what the experts say about the economy to give my clients some direction as to whether the rates will get better or worse over the next several weeks.   The latest rate development is the steep slide to higher rates since rates hit their 3 year ...

Yesterday's Fed Meeting Minutes pressured Bonds lower - why?  The main reason was the less vigilant tone towards inflation.  The Fed didn't change their bias, but the fact that the Fed showed increasing concern on economic growth and was less vocal on the threat of inflation had Bonds traders thi...

Its back and its better than ever... Downtown Live after Five. It's a music series, block party, a fundraiser, downtown mixer, and it ‘s a whole lot of urban fun. Mark the date on your calendar and get ready to mix it up on Franklin Street (between Twiggs & Madison) with the incredible Bird Stree...

Bond prices are currently lower this morning on the heels of the ISM Services survey, which provides a non-manufacturing read on the economy. Overall, the index was reported at 54.8, just shy of expectations at 55.0. However, the 'prices paid' component of the survey showed some signs of inflatio...

Yesterday, Mortgage Bonds bounced off support at the 200-day Moving Average. And, while prices did finish the day higher, the advance was stopped at the 25-day Moving Average resistance level. This morning the Pending Home Sales Index for August, which is the leading indicator of existing home sa...

The Core Personal Consumption Expenditure (PCE) Index--which measures price changes in consumer goods and services, minus food and energy--came in at 0.1% for August. In addition, the more closely watched year-over-year Core rate came in at 1.8%. This is welcome news, as the Fed's target zone for...

When it comes to the Bond Market, the rule is good news is bad news and vice versa. Durable Goods was reported at -4.9%, which was lower than expectations of -3.5% and bad economic news, which should be good for Bonds. But Bond prices have actually worsened because the 200-day Moving Average ceil...

This is an easy way to find things you are looking for regarding VA loans.The Lenders Handbook is the bible in the world of VA and since I spent about 10 min trying to wade through the website finding it, I thought I would put a quick link here for your use and mine as well.  I've included a list...

Mortgage Bonds are trading lower again this morning. The euphoria has worn off from Tuesday's rally following the interest rate cut. Traders have now assessed the long-term negative effects of the sinking Dollar and have begun selling into the market.The US Dollar has been falling against foreign...