Tax Refund? = Buy A House? 

With the tax refund checks going out early what a great opportunity to use that money as a portion of down payment.

       

 

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No Recession - I Still Don't Feel Better

It is my opinion that the Fed was WAY to slow to react to our current economic situation.  Had we been more proactive last September we would be much further on down the road to recovery.  With that said, look for changes this upcoming fall.  The Fed will be back to raising rates (in an effort to curb inflation) and the Stock Market is projected to rally till next January.


 

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Fed Lowers Rate Another 0.25%

With the Federal Funds rate now at 2% why are our mortgage rates still at or near 6%.  Because no one is buying Mortgage Money Risk.  However, watch the Stock Market the next few days.  Money is cheap and companies are going to leverage as much as they can.  I would not expect any further cuts, but it may be a good short-term time to buy some value stocks.

    

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Job Loss Less Than Expected

This is great news!  We want people to have jobs so they can buy houses!  It has also sparked MORE confidence on Wall Street (again watch the stocks).  The flip side of the coin is that new Wall Street money has to come from somewhere---like bonds.  Our mortgage rates will again feel a negative effect. 

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Green Watch 
 

The Unbuild? Forget the teardown!
Water Bottle Information – Keep your water free of Toxins.

The LOHAS Lifestyle possibilities are endless………………….

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Professional Service



USE SHELTER MORTGAGE. 

Have a great weekend!

30 YR. Fixed w/1 origination fee	30 YR. Fixed w/no origination fee
6.00%	6.375%
15 YR. Fixed w/1 origination fee	15 YR. Fixed w/no origination fee
5.375%	5.875%

Cheers!

C- 

  Christian C. Johnson
  Senior Loan Officer
  214.445.6553 Dallas
  817.361.6133 Fort Worth
  Fax 800.835.1767
  christian.johnson@gbmail.com
 

                                             ©2008 Shelter Mortgage