Sunday, 02/05/2012
2011
Annual School Report
This Annual School Report is provided by my friends at Republic Title
WR Starkey Mortgage News
Another mixed bag this week as the Gross Domestic Product came in at 2.8% which fell short of the wish-estimate of 3.2%. Add to this the uncertainty in Europe and it’s like we are floating down a river which has rapids. We have to just tread water so we can keep our head up to see what rock is coming at us. Once we get to some smooth water, we can feel comfortable putting our head down and swimming forward with out worrying about crashing into an economic rock that would knock us out.
Anyway…the good news is that because of this the Fed announced again that it will continue to keep rates low. Excellent! Remember what I said last week about buying power. Tell your clients that they have approximately 25% more buying power today than in 2007. What an opportunity!
This week Freddie Mac’s 30 year fixed rate ticked up a bit to 3.98% depending on program, credit and points. Have a great weekend and have your buyers call us so we can get them approved to buy.
This update is provided by my friends at WR Starkey Mortgage. Contact Susan Moore with WR Starkey for your loan approval and call or email me to help you find and close the sale on your new home.
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Rich Patterson
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Dave Perry-Miller & Associates
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