Another week’s in the barn already. It’s Mother’s Day Sunday, and Mom will be accorded the treatment royalty requires.

The rates have remained at the historic lows they hit last week. The ‘Perfect Storm’ for real estate investors, about which I’ve written many times, on these pages and elsewhere, is still at Force-5 strength. How long this window will remain open is anyone’s guess, as my crystal ball hasn’t emerged from the repair shop since the ’70s. The message there is to move it or lose it if you’re thinkin’ of employing real estate as part of your retirement income. This ain’t gonna last forever.

The Rates

If you’re purchasing a SFR your rate, with a 20% down payment, will be 4.75%.

Prefer 2-4 units? At 25% down, you’ll be able to benefit from a 4.625% interest rate.

Let’s talk, OK? Gimme a call at 619 889-7100, and together we’ll make it happen. If you like email better, go up top and click on the Contact BawldGuy button. Have a great weekend.

Chad Emerson’s workload has finally ‘allowed’ him accept my 124th offer to take over his weekly mortgage rate update for him. The guy’s a trooper, but at some point, it just makes sense to let him do his job, and help him with this.

The Rates

As of today the rates for real estate investment properties — 1-4 units specifically — are as follows:

Single family units — 4.75% — assumes 20% down payment.

2-4 unit properties — 4.625% — assumes 25% down payment.

NOTE: The above mentioned down payments will rise 5% each once the investor/borrower has four (4) such loans in place. In other words, the single family loan would then require 25% down, and the 2-4 unit loan would require 30% down.

Meanwhile, back at BawldGuy Ranch, BawldOperators are waiting for your call. 619 889-7100 will find me. You many send me a note, no matter how long or short, by clicking Contact BawldGuy up top. Have a good one.

Happy Friday y’all,

today will be a brief update.  Not a whole lotta activity eco-wise at the Wall today, except for typical buying and selling of stocks and bonds.  Kind of ho hum, but I ain’t complaining, it’s allowing me to play catch up.  Been out of office for almost a week, much to the chagrin of the BawldGuy I’m sure :)  but it was all business and no pleasure unfortunately.   

Anyhow, let’s take quick peek at what’s coming next week.  

Tuesday will be the release of new home sales figures, which will give us a small inkling of how good or bad the economy is as far as home sales are concerned. But the big news will be on Wednesday, when the Federal Opem Market Committee will release its post meeting statements, followed thereafter by the Fed’s official economic forecast. They will conclude with ‘Big Ben’ (Fed chairman Ben Bernanke) and his press conference.  The following day (Thursday) will bring the intial jobless report that will also be anxiously awaited by traders to see if the economy is cooling off again, or showing signs of life.  Be prepared for volatile trading and fast moving market conditions on Wednesday and Thursday that could move rates either way.

Also next week, Uncle Sam will have a garage sale to the tune of $99 billion over 3 part auctions.  $35 billion of 2-year Treasury Notes on Tuesday, $35 billion of 5-year notes on Wednesday, and $29 billion of 7-year notes on Thursday.  If you believe what the forecasters predict, potentially higher rates starting next week, midweek sometime.  You’ve been warned, whether or not it will actually happen is anyone’s guess.

Hey, speaking of rates, let’s get right to it:

Single Family Investment Property can be had for 20% down, and leveraged at 4.875%. 

2-4 unit properties can be had for 25% down at 4.75%.

Everyone have a super weekend, and enjoy the great weather.

Happy Friday all — I know a lot of you are going to be traveling out of town, or getting together with family this weekend, so I keep this short and sweet. This has been a wild week for mortgage rates. Tuesday was the beginning of the madness when investors at “The Wall” skimmed the minutes for the Fed’s meeting, and noticed that the Fed was hinting that they are becoming less enchanted by the prospects of launching QE3 or “Operation Twist”, or in plain terms, they don’t want to participate in the direct purchase of Bonds and Mortgage-backed Securities. This would make sense if the economy was truly growing and able to sustain marked improvement in the job creation sector. All the gains we had made over the past couple weeks came to a screeching halt and mortgage rates jumped 5/8 of a percent.

Mortgage rates and the Fed [Read more...]

Happy Friday Investors

A rather subdued day at the ‘Wall’. As I write this, stocks on the big board are up 15 ticks with the NAZ up 16. Bonds are up as well, about 6/32. Could have been worse, but the eco news came in pretty close to the consensus. So the job market is starting to slowly, but surely grind forward, which is welcome news for Big Ben at the FED. Next week is the Fed Open Market Committee meeting and more than likely in light of unemployment at it’s lowest level in 3 years at 8.3, and the slow steady growth over the past several months, and payrolls up slightly, it is unlikely that they will decide to launch any resemblance of QE III.

Greece averted total financial ruin, just barely, which of course is eco positive, through the help of private investors. However, how long this will last is anyone’s guess. But for now they are still a part of the European union.

The above will likely cause mortgage rates to creep up slightly, though I don’t see anything major happening yet. Speaking of mortgage rates, let’s get to the rate report, before people start their ‘Spring Break’ early today:

Leveraging 80% on a SFR Investment property will give you an interest rate of: 5.125%

Leveraging 75% on a 2-4 Investment property will give you an interest rate of: 4.875%

Have a safe, enjoyable weekend, and if you are taking a Spring Break, enjoy it so you can hit it hard when you get back!