As many of you may know the interest rates have gone up!  On Thursday the interest rate for a FHA 30 year fixed non jumbo product with no points went up to 5.875!  It was about 4.75% for the exact same product.  You can take a look at the attached rate sheet to get further details.  Clearly this is alarming due to the need of interest rates to remain low so that people continue to purchase!

What is also shocking is that November 30th the $8,000 home buyer credit will be ending!  As many of you may know their are income limitations with getting this money as well!  A single individual can not be making more then an adjusted gross income of $75,000 and a married couple can not make more then Read the rest of this entry »

The Leading Economic Indicator gained by 1.2%, which is amazing!  This was the second month in a row that increased in 2 YEARS!  What does this mean?  It means that we are going to be seeing this recession, which we are currently in and are tired of, ending closer to the end of this year.  What is causing us issues though are these HUGE job losses.  Most economist believe the unemployement numbers will continue to get worse until they get better.  Specifically, the unemployment numbers will worsen until the second quarter of next year.  Unemployment continuing to increase will continue to stomp growth from occuring and reversing our current situation.

May’s unemployment was at 9.4%, and the highest it has been in recent years was Read the rest of this entry »

Companies are rushing out to sell their stocks, should we be rushing to buy? In May the companies of the US Market sold a record breaking amount of stock around 64 billion dollars worth. In June the trend continued. Stock prices are high causing companies to sell to ensure they get the most money back. Since March, the yield on the 10-year treasury has jumped from 2.5% to 3.8%, sending prices­ — which move in the opposite direction — ­­down a staggering 34%. Due to this rise in prices inflation will take hold during the next couple of years where as other nations such as China have economy’s that are uprising.What are the implications of such inflation during this time of deficit and penny pinching?

What effect does this have on business and real estate?

Reply back at psingh@rempower.com or leave a message below.

Obama claims the two trillion plus spent on health care annually is a waste!

What do you think? Is he going back on his campaign promise?
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