Comments for suburbanstreetsrealtor.com Blog http://suburbanstreetsrealtor.com/blog Get your questions answered and view helpful information on Real Estate trends and buying, lending in the Mckinney TX and surrounding areas. Mon, 19 Jan 2009 23:21:49 -0800 http://wordpress.org/?v=2.8.4 hourly 1 Comment on FREE Report for buyers by romero13 http://suburbanstreetsrealtor.com/blog/2008/07/17/free-report-for-buyers/comment-page-1/#comment-21 romero13 Mon, 19 Jan 2009 23:21:49 +0000 http://suburbanstreetsrealtor.com/blog/2008/07/17/free-report-for-buyers/#comment-21 Market Commentary: Chronic uncertainty over the impact of massive government stimulus efforts is creating an uncomfortable level of risk for investors -- strong enough to limit the ability of mortgage interest rates to move notably lower. With more than $1 trillion of borrowing by Uncle Sam in the works for this year alone – investors are looking at two different scenarios: 1. If the government stimuli work, an economic recovery may get under way relatively soon. As the engines of growth rumble back to life the demand for capital will rise – pushing interest rates higher across the board, or 2. If the massive government borrowing fails to revive the sputtering economy – how much more additional borrowing will it take and what impact will all this debt have on the sovereign creditworthiness of the United States? If Uncle Sam were to loose his AAA credit status mortgage investors are keenly aware that the cost of all credit – including mortgage credit – would rise notably higher. Against this backdrop of worry investors will be listening intently to president-elect Obama’s inauguration speech on Tuesday. If as expected, he presents a plan that contains viable measures for turning the labor market around and kick-starting the economy (think major government infrastructure spending) stocks will likely rally while mortgage interest rates will do well to trade near last Friday’s levels. On the other hand, if market participants conclude the new president has yet to develop concrete courses of action and/or that his plans will likely encounter strong political pushback and delay from Congress -- look for stocks to move lower while mortgage interest rates remain steady to fractionally lower. They say “perception is everything” – and I look for that old adage to prove to be the primary driving force behind price action in the mortgage market this week. Heads up. David Romero V. P. Loan Officer ViewPoint Bankers Mortgage Addison Circle 15601 Dallas Parkway #500 Addison, TX 75001 Phone: 214-912-5247 Market Commentary: Chronic uncertainty over the impact of massive government stimulus efforts is creating an uncomfortable level of risk for investors — strong enough to limit the ability of mortgage interest rates to move notably lower.
With more than $1 trillion of borrowing by Uncle Sam in the works for this year alone – investors are looking at two different scenarios:
1. If the government stimuli work, an economic recovery may get under way relatively soon. As the engines of growth rumble back to life the demand for capital will rise – pushing interest rates higher across the board, or
2. If the massive government borrowing fails to revive the sputtering economy – how much more additional borrowing will it take and what impact will all this debt have on the sovereign creditworthiness of the United States? If Uncle Sam were to loose his AAA credit status mortgage investors are keenly aware that the cost of all credit – including mortgage credit – would rise notably higher.
Against this backdrop of worry investors will be listening intently to president-elect Obama’s inauguration speech on Tuesday. If as expected, he presents a plan that contains viable measures for turning the labor market around and kick-starting the economy (think major government infrastructure spending) stocks will likely rally while mortgage interest rates will do well to trade near last Friday’s levels.
On the other hand, if market participants conclude the new president has yet to develop concrete courses of action and/or that his plans will likely encounter strong political pushback and delay from Congress — look for stocks to move lower while mortgage interest rates remain steady to fractionally lower.
They say “perception is everything” – and I look for that old adage to prove to be the primary driving force behind price action in the mortgage market this week. Heads up.

David Romero
V. P. Loan Officer
ViewPoint Bankers Mortgage
Addison Circle
15601 Dallas Parkway #500
Addison, TX 75001
Phone: 214-912-5247

]]> Comment on FREE Report for buyers by romero13 http://suburbanstreetsrealtor.com/blog/2008/07/17/free-report-for-buyers/comment-page-1/#comment-20 romero13 Mon, 12 Jan 2009 22:39:04 +0000 http://suburbanstreetsrealtor.com/blog/2008/07/17/free-report-for-buyers/#comment-20 Market Commentary: This week’s load of macro-economic data will draw some investor attention. Because so much negative news has already been priced into the mortgage market – data confirming investors’ expectations will create little, if any reaction in the mortgage market. Only reports that fall sharply below the consensus estimate will probably provide enough “power” to enable mortgage interest rates to edge a touch lower from their current levels In my judgment, mortgage investors will increasingly take their directional cues from stock market price action over the next couple of weeks. If stock prices manage to rally -- look for mortgage interest rates to edge higher as well. Should this event occur the move to higher mortgage interest rates might be fairly sharp -- but the probabilities are very high the Fed will step in as a strong and aggressive buyer to keep things from getting totally out-of-control. On the other hand, if stock price prices fall sharply over the next couple of weeks -- mortgage interest rates will likely take a stab at setting new historical lows with little, if any intervention on the part of the Fed. From a technical perspective I see reasons to believe stocks will rally during the coming week. There is also a historic precedent to consider – Wall Street enjoyed its biggest Election Day rally ever when Obama won the presidency on November 4th so the likelihood of a stock market rally into Inauguration Day is high as well. David Romero V. P. Loan Officer ViewPoint Bankers Mortgage Phone: 214-912-5257 www.dromeroloans.com Market Commentary: This week’s load of macro-economic data will draw some investor attention.
Because so much negative news has already been priced into the mortgage market – data confirming investors’ expectations will create little, if any reaction in the mortgage market. Only reports that fall sharply below the consensus estimate will probably provide enough “power” to enable mortgage interest rates to edge a touch lower from their current levels
In my judgment, mortgage investors will increasingly take their directional cues from stock market price action over the next couple of weeks. If stock prices manage to rally — look for mortgage interest rates to edge higher as well. Should this event occur the move to higher mortgage interest rates might be fairly sharp — but the probabilities are very high the Fed will step in as a strong and aggressive buyer to keep things from getting totally out-of-control.
On the other hand, if stock price prices fall sharply over the next couple of weeks — mortgage interest rates will likely take a stab at setting new historical lows with little, if any intervention on the part of the Fed.
From a technical perspective I see reasons to believe stocks will rally during the coming week. There is also a historic precedent to consider – Wall Street enjoyed its biggest Election Day rally ever when Obama won the presidency on November 4th so the likelihood of a stock market rally into Inauguration Day is high as well.

David Romero
V. P. Loan Officer
ViewPoint Bankers Mortgage
Phone: 214-912-5257
http://www.dromeroloans.com

]]> Comment on FREE Report for buyers by romero13 http://suburbanstreetsrealtor.com/blog/2008/07/17/free-report-for-buyers/comment-page-1/#comment-19 romero13 Mon, 05 Jan 2009 16:46:52 +0000 http://suburbanstreetsrealtor.com/blog/2008/07/17/free-report-for-buyers/#comment-19 Market Commentary: The note auctions on Wednesday and Thursday will represent the first ripple of what is expected to be a mammoth wave of up to $2 trillion of government debt issuance expected this year – a number than will shatter all previous records. This massive borrowing demand from Uncle Sam could inundate demand in the $5 trillion Treasury market. This week’s cover story in “Barron’s”, a weekly magazine from the publishers of the Wall Street Journal, goes so far as to suggest longer-term Treasury obligations may represent the biggest developing investment bubble that exists at the moment. The “so what” factor here is that the looming massive stimulus from the government together with the super- accommodative monetary policy from the Fed will likely have the intended effect of reigniting the nation’s economic engines before ’09 comes to an end. If so, surging economic growth will almost certainly create an increased demand for capital, which in-turn will push interest rates higher – not lower. Let’s keep our fingers crossed that the Fed will be able to use the $500 billion they currently have tucked in their back-pocket to insulate mortgage interest rates from suffering a fate similar to our Treasury cousins. David Romero V. P. Loan Officer ViewPoint Bankers Mortgage Addison Circle 15601 Dallas Parkway #500 Addison, TX 75001 Phone: 214-912-5257 Market Commentary: The note auctions on Wednesday and Thursday will represent the first ripple of what is expected to be a mammoth wave of up to $2 trillion of government debt issuance expected this year – a number than will shatter all previous records. This massive borrowing demand from Uncle Sam could inundate demand in the $5 trillion Treasury market.
This week’s cover story in “Barron’s”, a weekly magazine from the publishers of the Wall Street Journal, goes so far as to suggest longer-term Treasury obligations may represent the biggest developing investment bubble that exists at the moment.
The “so what” factor here is that the looming massive stimulus from the government together with the super- accommodative monetary policy from the Fed will likely have the intended effect of reigniting the nation’s economic engines before ’09 comes to an end. If so, surging economic growth will almost certainly create an increased demand for capital, which in-turn will push interest rates higher – not lower.
Let’s keep our fingers crossed that the Fed will be able to use the $500 billion they currently have tucked in their back-pocket to insulate mortgage interest rates from suffering a fate similar to our Treasury cousins.

David Romero
V. P. Loan Officer
ViewPoint Bankers Mortgage
Addison Circle
15601 Dallas Parkway #500
Addison, TX 75001
Phone: 214-912-5257

]]> Comment on FREE Report for buyers by romero13 http://suburbanstreetsrealtor.com/blog/2008/07/17/free-report-for-buyers/comment-page-1/#comment-18 romero13 Mon, 29 Dec 2008 17:29:48 +0000 http://suburbanstreetsrealtor.com/blog/2008/07/17/free-report-for-buyers/#comment-18 Market Commentary: Saying “goodbye” and “good riddance” to 2008 will be easy for those of us in the mortgage industry. It was a year during which our industry was ravaged by the most severe credit market conditions since the Great Depression. The housing sector was pummeled, mortgage companies big and small failed and Fannie Mae together with its smaller sibling Freddie Mac fell into government conservatorship. As the battered mortgage market limps into the final days of 2008, in my opinion a glimmer of hope for better times ahead has appeared on the horizon. Just last week interest rates on a 30-year fixed-rate mortgage dropped to an average of 5.14%. Since Freddie Mac first started compiling their Primary Mortgage Market Survey in 1971 – the interest rate on 30-year fixed-rate mortgages has never been lower. The good news with respect to mortgage interest rates isn’t just limited to 30-year mortgages -- as average 15-year note rates have fallen to 4.91% -- their lowest level since April 1, 2004. Even as the mainstream media has bombarded all of us with gloom and doom economic headlines, 30-year fixed-rate mortgages have plunged from their year-ago levels of 6.17% while 15-year product has moved sharply lower from its year-ago level of 5.79% as well. Believe it or not -- the interest rate on a 30-year fixed-rate mortgage has now moved below levels that spawned the greatest refinance boom our industry ever experienced during late 2002 running through late 2004. Hmmm - are we poised for a repeat of these banner production years? Say what you want to about the impact of lower property values and the challenges some borrowers face meeting the stringent new underwriting guidelines necessary to refinance an existing mortgage -- and I’ll show you a whole new class of purchase-money buyers who have been waiting quietly for the perfect time to make their move. And don’t forget -- the Treasury and the Federal Reserve have committed almost a trillion-dollars (to spend a trillion-dollars at the rate of a million-dollars per day would take more than 2,700 years) to support the housing and mortgage industries – and most of that money will be spent in 2009. I am encouraged by what I see coming our way in the New Year. David Romero V. P. Loan Officer ViewPoint Bankers Mortgage Addison Circle 15601 Dallas Parkway #500 Addison, TX 75001 Phone: 972-792-4289 x 8303 | Fax: 972-692-8288 Email: david.romero@vpbmortgage.com Web: http://www.dromeroloans.com Market Commentary: Saying “goodbye” and “good riddance” to 2008 will be easy for those of us in the mortgage industry. It was a year during which our industry was ravaged by the most severe credit market conditions since the Great Depression. The housing sector was pummeled, mortgage companies big and small failed and Fannie Mae together with its smaller sibling Freddie Mac fell into government conservatorship.

As the battered mortgage market limps into the final days of 2008, in my opinion a glimmer of hope for better times ahead has appeared on the horizon.

Just last week interest rates on a 30-year fixed-rate mortgage dropped to an average of 5.14%. Since Freddie Mac first started compiling their Primary Mortgage Market Survey in 1971 – the interest rate on 30-year fixed-rate mortgages has never been lower.

The good news with respect to mortgage interest rates isn’t just limited to 30-year mortgages — as average 15-year note rates have fallen to 4.91% — their lowest level since April 1, 2004.

Even as the mainstream media has bombarded all of us with gloom and doom economic headlines, 30-year fixed-rate mortgages have plunged from their year-ago levels of 6.17% while 15-year product has moved sharply lower from its year-ago level of 5.79% as well.

Believe it or not — the interest rate on a 30-year fixed-rate mortgage has now moved below levels that spawned the greatest refinance boom our industry ever experienced during late 2002 running through late 2004.

Hmmm – are we poised for a repeat of these banner production years?

Say what you want to about the impact of lower property values and the challenges some borrowers face meeting the stringent new underwriting guidelines necessary to refinance an existing mortgage — and I’ll show you a whole new class of purchase-money buyers who have been waiting quietly for the perfect time to make their move.

And don’t forget — the Treasury and the Federal Reserve have committed almost a trillion-dollars (to spend a trillion-dollars at the rate of a million-dollars per day would take more than 2,700 years) to support the housing and mortgage industries – and most of that money will be spent in 2009.

I am encouraged by what I see coming our way in the New Year.

David Romero
V. P. Loan Officer
ViewPoint Bankers Mortgage
Addison Circle
15601 Dallas Parkway #500
Addison, TX 75001
Phone: 972-792-4289 x 8303 | Fax: 972-692-8288
Email: david.romero@vpbmortgage.com
Web: http://www.dromeroloans.com

]]> Comment on Why buy NOW in this crazy market??? by Hans Vollers http://suburbanstreetsrealtor.com/blog/2008/06/09/hello-world/comment-page-1/#comment-5 Hans Vollers Thu, 17 Jul 2008 16:06:53 +0000 #comment-5 As you may or may not know, CTX Mortgage will be shutting there doors. Prospect Mortgage has decided not to follow through with the acquisition from Centex Homes. I have attached the article that explains what happened. With so many banks and mortgage companies on the fritz right now, its good to have a partner that is doing the right things and has the staying power, like Wells Fargo. I also attached an article about my company. I am not writing this to gloat, but rather to help ease your mind that we will get your deals done and arent going anywhere. I hope you have a great successful day. http://ml-implode.com/ailing/lender_CTXMortgageCompany(Retail)_2008-02-06.html http://www.businessweek.com/investor/content/jul2008/pi20080716_554358.htm?campaign_id=yhoo Cheers, As you may or may not know, CTX Mortgage will be shutting there doors. Prospect Mortgage has decided not to follow through with the acquisition from Centex Homes. I have attached the article that explains what happened. With so many banks and mortgage companies on the fritz right now, its good to have a partner that is doing the right things and has the staying power, like Wells Fargo. I also attached an article about my company. I am not writing this to gloat, but rather to help ease your mind that we will get your deals done and arent going anywhere. I hope you have a great successful day.
http://ml-implode.com/ailing/lender_CTXMortgageCompany(Retail)_2008-02-06.html
http://www.businessweek.com/investor/content/jul2008/pi20080716_554358.htm?campaign_id=yhoo
Cheers,

]]> Comment on Why buy NOW in this crazy market??? by Amy S. Arey http://suburbanstreetsrealtor.com/blog/2008/06/09/hello-world/comment-page-1/#comment-4 Amy S. Arey Mon, 07 Jul 2008 15:20:19 +0000 #comment-4 Ever wanted to own a home for THOUSANDS under market? Now is your chance! Own this home now for THOUSANDS under market! Just submitted for short-sale! Take a look and make an offer...YOURS could be accepted! (This one and MORE!). * Frisco School District * Walking distance to community pool! * Laminate Wood Flooring * Minutes from the lake! * Minutes from Dallas Tollway for easy commute south * Minutes from the best shopping, dining, Stonebriar Mall in Frisco. **Realtors: Home is on Supra; courtesty call and go show. To view more photos...go to website: www.suburbanstreetsrealtor.com and click the "listings" tab. **Buyers: Call or shoot me an email; we will make an appointment to go view this home. ***There are currently no other rentals available in this neighborhood and the average leased-rate over the past year was roughly $1200.00 per month. Courtesy of: Daydream Realty Ever wanted to own a home for THOUSANDS under market? Now is your chance!

Own this home now for THOUSANDS under market! Just submitted for short-sale!
Take a look and make an offer…YOURS could be accepted! (This one and MORE!).

* Frisco School District
* Walking distance to community pool!
* Laminate Wood Flooring
* Minutes from the lake!
* Minutes from Dallas Tollway for easy commute south
* Minutes from the best shopping, dining, Stonebriar Mall in Frisco.

**Realtors: Home is on Supra; courtesty call and go show.
To view more photos…go to website: http://www.suburbanstreetsrealtor.com and click the “listings” tab.

**Buyers: Call or shoot me an email; we will make an appointment to go view this home.

***There are currently no other rentals available in this neighborhood and the average leased-rate over the past year was roughly $1200.00 per month.

Courtesy of: Daydream Realty

]]> Comment on Why buy NOW in this crazy market??? by David Romero http://suburbanstreetsrealtor.com/blog/2008/06/09/hello-world/comment-page-1/#comment-3 David Romero Thu, 19 Jun 2008 14:21:54 +0000 #comment-3 The market in Dallas is poised to make a major turn around. For those who are standing on the sidelines I believe you are missing the boat. In some areas we have seen little to no appreciation in almost a decade. Dallas has built its skyline as we know today during times of high oil prices. I believe it’s safe to say we are there now! Today Newt Gingrage is on the media trying to push the U.S. to start drilling here now. If this happens I believe this economy will be affected the most in a positive way. Prices in this area are unbelievable for your median priced home. Out of the largest cities in the U.S. we have the best bang for your buck in terms of housing and quality of life. Now is your time to realize more appreciation than ever before! Now is the time to act on locking in on low rates! Now is the time to make your move! Spread the word! David Romero Senior Loan Consultant CTX Mortgage The market in Dallas is poised to make a major turn around. For those who are standing on the sidelines I believe you are missing the boat. In some areas we have seen little to no appreciation in almost a decade. Dallas has built its skyline as we know today during times of high oil prices. I believe it’s safe to say we are there now! Today Newt Gingrage is on the media trying to push the U.S. to start drilling here now. If this happens I believe this economy will be affected the most in a positive way. Prices in this area are unbelievable for your median priced home. Out of the largest cities in the U.S. we have the best bang for your buck in terms of housing and quality of life.

Now is your time to realize more appreciation than ever before! Now is the time to act on locking in on low rates! Now is the time to make your move! Spread the word!

David Romero
Senior Loan Consultant CTX Mortgage

]]> Comment on Why buy NOW in this crazy market??? by Administrator http://suburbanstreetsrealtor.com/blog/2008/06/09/hello-world/comment-page-1/#comment-2 Administrator Mon, 09 Jun 2008 16:25:12 +0000 #comment-2 For more information, visit www.suburbanstreetsrealtor.com For more information, visit http://www.suburbanstreetsrealtor.com

]]>