Mar
Market Snapshot
It’s Fed day once again! While the Fed probably won’t move rates at all, their Policy Statement could generate some excitement this afternoon. Under particular scrutiny will be any comments on the economy, the stimulus package effects, the banking sector, or mark-to-market. In other news, the Consumer Price Index–which measures inflation–came in slightly hotter than [...]
Mar
Market Snapshot
Mortgage Bonds continue to trade in a sideways range above a floor of support at the 25-Day Moving Average. Stocks, on the other hand, have rallied several days in a row, but appear stalled at a ceiling of resistance at their own 25-Day Moving Average. In the news today, Housing Starts for February came in [...]
Mar
The Current Economic Situation. How Did This Really Happen?
Click the link below for a great explanation of “Mark to Market”, and how it contributed to our current situation. http://www.mortgagesuccesssource.com/go/markmarket/ “Your Partner In Success!” Tony Frerking Sr. Mortgage Consultant PMZ Home Loans 1600 N. Carpenter Rd. Ste. C Modesto, CA 95351 Direct: (209) 404-2200 Fax: (209) 254-7142
Mar
Market Snapshot
Mortgage Bonds started out the morning down, but have since improved to near unchanged levels. Stocks, on the other hand, are starting off higher and are trying to make it five straight days of gains. Helping Stocks was an announcement that Barclays Bank is off to a strong start for 2009. Additionally, in a rare [...]
Mar
Market Snapshot
Mortgage Bonds have already traded in a wild range this morning. The good news is that prices have managed to remain above an important level of support, despite the volatile trading. Adding to the volatility is news that China is concerned the US may be spending too aggressively on the recession, which may lead to [...]
Mar
Up To 18k In Home Buyer Tax Credits!
***Very Important Buyer Tax Credits, Total of $18k!!*** $8000 First Time Homebuyer Tax Credit The Treasury Department has moved at record speed to implement one piece of the new American Recovery and Reinvestment Act of 2009 Act aka the stimulus act. The Department and the Internal Revenue Service which will manage it announced on Wednesday, [...]
Mar
New $10,000 Tax Credit for New Home Purchases
California allows qualified new home buyers a total tax credit amount equal to either 5% of the purchase price or $10,000, whichever is less. Taxpayers must apply the total tax credit in equal amounts over three successive taxable years (maximum of $3,333 per year) beginning with the taxable year (2009 or 2010) in which the [...]
Mar
What FHA Allows vs. What Lenders are Not Allowing
Join Tony Frerking of PMZ Home Loans for a lively and informative discussion covering the difference between what FHA allows vs. what the lenders are not allowing and why. When: March 12, 2009 at 2:00pm Where: PMZ University – 1600 North Carpenter Road, Modesto, CA 95351 Come by and get educated so that you can [...]
Mar
Join PMZ at the Oakdale Home and Garden Show!
Calling all Oakdale residents, investors and vendors who have questions about the real estate market and how they can take advantage of the tremendous opportunity available right now! PMZ Real Estate professionals will be on site at the Oakdale Home and Garden show to answer any of your questions. When: March 14th, 2008 at 9:00AM [...]
Mar
Market Snapshot
In early trading this morning, the Dow fell below 7,000 for the first time since 1997, as Stocks are trading lower on fears that the recession is getting worse. Also pressuring Stocks lower is news that insurance giant AIG lost more than $61 Billion in the 4th quarter of 2008–which is the biggest loss ever [...]