Robert Rauf

Brick Township SUMMERFEST Windward Beach

Summer fest is just 1 week away and continues on till September 3rd. There are three opportunities to view fireworks at Windward beach this year, July 2nd, July 23rd And September 3rd.

As you can see below, most of "Summerfest" takes place at Windward beach. There are a few events that are at other township parks, noted below.

Fireworks can be viewed from in the park, but my favorite place to view them would be out on the Metedeconk River with friends and family on the boat. Mark your Calendars, and enjoy the summer!

• B Streets and Finale Hill
  - July 2nd - 7pm - Fireworks approx 9pm *
• Movie in Park -
  "Alvin and the Chipmunks "
  -July 9th - Dusk - Colorado Park
• Drive in Movie -
  "E.T.: The Extra-Terrestrial"
  - July 16th- Dusk
• The Infernos and Gerard Esposito
  - July 23rd - 7pm - Fireworks approx 9pm
• Movie in the Park
  - "Ice Age" - July 30th- Dusk - Ann Hibbard Park
• National Night Out Against Crime
  - August 4th - 7pm
• Movie in the Park
  "Horton Hears a Who"
  - August 6th - Dusk - Sherman Park
• Movie in the Park
  "Garfield"
  - August 13th - Dusk - Lake Riviera Park
• 5th Annual Car Show - August 20th - 6pm
• Drive in Movie
  "Monsters vs. Aliens"
  - August 27th - Dusk
• Beatlemania Revisited
  featuring the Mahoney Brothers
  - September 3rd - 7pm - Fireworks approx 9pm

Food Court & DJ begin at 5:00 PM
Shuttle Buses leave from the following convenient locations at 5:00 p.m. and run continuously until the final bus to Windward Beach Park leaves at 8:00 p.m. - Drum Point School-Drum Point Road, Brick High School-Chambers Bridge Road, Midstreams Elementary School-Midstreams. Return trips from Windward Beach Park begin at 9:00 p.m.
All children who are 16 years old or younger must be accompanied by an adult.

For more info or in the event of
inclement weather call 732-262-1006

Where is Windward beach???? It is on Princeton Ave in Brick on the North shore of the Metedeconk River.

Have a great week!!!

Rob

Robert Rauf

Mortgage Banker

www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf

(732)223-1630 x102

Since 1987 I have been helping my clients fulfill their dream of home ownership!

Real Estate Mortgage Network

NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey

FAMILY FUN

Family Fun day is an indoor outdoor event sponsored by the Police Department Foundation and the Municipal Alliance and is open to all township Preschool and elementary school age children and their families.

• WHEN: June 26, 2009 from 11am to 3 pm
• WHERE: Department of Youth Services 1505 N. Bay Ave, Toms River, NJ
• Rain date: Monday.
• WHAT: Multiple displays, Crafts, Games, Face Painting and music
• Additional parking by By Castle park
• Cost: FREE, Nada... You just need to register at the entrance.
• INFO: Call Helen McGovern at (732) 341-1000 x 8490

Sounds like a great day, and a great way to entertain the kids!

Have a great week!!!

Rob

Robert Rauf

Mortgage Banker

www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf

(732)223-1630 x102

Since 1987 I have been helping my clients fulfill their dream of home ownership!

Real Estate Mortgage Network

NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey

Well, it is that time of year again! Seaside Heights begins its weekly fireworks show tonight

• When: Wednesday Nights at 9:30pm from June 24th through Sept 2nd
• Where: Seaside Heights, NJ. The fireworks can be viewed from anywhere along the boardwalk
• Weather: Yes, the Fireworks are dependant on weather. So they may be cancelled for bad weather, this can include wind conditions that would make it dangerous as well as rain...
  • If there is Rain the show will be Friday

Lets hope this rain goes away and we have a gorgeous summer ahead of us!

Have a great week!!!

Rob

Robert Rauf

Mortgage Banker

www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf

(732)223-1630 x102

Since 1987 I have been helping my clients fulfill their dream of home ownership!

Real Estate Mortgage Network

NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey

Last week certainly had its ups and downs, we lost a little bit of ground last week, mostly in a sell off on Thursday, but we are still lower than the highs we had just a week or two ago. So far the absence of any data this Monday has shaped up to be a pretty decent day in the Mortgage world, and between Friday and today we have gained back about 2/3 of the loss we had on Thursday.

This week is a big mix of data that will probably play out fairly well, but between the Fed meeting and the excess supply (in the form of $104 billion in treasuries being auctioned) there is room for a hic-up or two along the way.

Here is this week's Calender:

• Monday June 22, A no News day.
• Tuesday, June 23: First day of the two day Fed meeting. The first day of a meeting is typically a non event as the market is awaiting the announcement when the meeting is over on Wednesday.
• Tuesday: Treasury Auction # 1 for the week, $40 BILLION in 2 year notes. The shorter term "stuff" has been well bid for most of this year, so it is not likely to have any effect in our world.
• Wednesday, June 24: May Durable Goods Orders expected to be -0.7% x transportation -0.4%. it is not likely that these will have any effect today.
• Wednesday: May New home sales expected UP 2.2%. Builders have been giving the store away in the form of sales concessions, that along with low rates is anticipated to a positive number. Even with this being a good news number, it will not likely be bad news for interest rates.
• Wednesday: Treasury Auction #2, this time $37 BILLION in 5 year notes. flirting just below 3% the 5 yr is anticipated to draw solid bids. Solid bidding will likely lead to steady and possibly lower rates. The reverse here is true too, if we see poor bidding drive the yield up on a 5 year it may be bad news for mortgage rates, fortunately that doesn't seem likely
• Wednesday(is a busy day): Fed meeting is Done at about 2:15pm. No one thinks the Fed will move rates, they cant move them down and they wont bump them up yet! I have always said that the Fed's words are entirely more powerful than their actions... So the post meeting statement is the key here. They will probably be upbeat siting some improving numbers in the past week or so, and will down play unemployment. The potential kicker here is their plans to purchase mortgages. I believe they will continue as planned, if they say they will buy more, this will be great news for mortgage rates, but it is more likely that the Fed Meeting will be a non event in the credit markets.
• Thursday June 25: Initial jobless claims expected down 8000. The labor market is a lagging indicator and is likely to get worse even as the economy improves so this number is not likely to be looked at.
• Thursday: The last Revision of first quarter GDP expected -5.7%. this is the first back to back drop in the quarterly numbers in over 50 years. 5.7% loss has been priced in, so it is not likely to move things unless this final revision is way off base.
• Thursday June 25: the last of the Auctions for the week, $27 BILLION in 7 year notes. I can almost cut and paste my notes for the 5 year here, but there is probably more room for the 7 yr auction to move rates than the 5. The strength or lack of strength in the bidding here potentially can swing rates either way.
• Friday June 26: may Personal Income, Spending and PCE, Expected +0.3%, +0.3% and +0.1%. the consumption is the key here (PCE) if it falls lower than forecast this will be great news for Mortgage Rates.

This has the potential to be a lumpy week since most of the potential movers are "unknowns" until they happen. The biggie is likely to be the Auctions, but the Potential biggie is the Fed statement, which is most likely to improve things if they say "we are going to buy more than we said"

I expect we will see a roller coaster with a few upset stomaches at the end of the week as we pull back into the station at the exact place that we left from.

Have a great week!!!

Rob

Robert Rauf

Mortgage Banker

www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf

(732)223-1630 x102

Since 1987 I have been helping my clients fulfill their dream of home ownership!

Real Estate Mortgage Network

NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey

It is rare that we see good news reported in the media, so here is some REAL information you can share with your clients.

May foreclosure filings were down 6% from April. This was the first month-on-month decline since January. On top of that, the drop would have been larger except for increases in just a few states.

Keep in mind that the bulk of foreclosures are concentrated in a few areas:

• If you take out the four states with the highest number of foreclosures, the remaining 46 states had only 1% of mortgages in foreclosure, according to the Mortgage Bankers Association.
• Also remember that not all homes with foreclosure-related filings wind up owned by the lenders. Many homeowners are able to refinance their loans or negotiate a loan modification or short sale.

Bottom line: not every foreclosure filing turns into a foreclosure, many are worked out prior to becoming an REO. Other than CA, FL, AZ and NV, (sorry guys if you are in one of the hard hit states) only about 1%. that means that 99% of loans are performing, Sure sounds a lot better than the headline numbers, doesn't it?

The media seems to think that the American public likes bad news and will put the negative spin on anything and everything. It is up to us to research for ourselves and pass along the positive spin!

Have a great week

Rob

Robert Rauf

Mortgage Banker

www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf

(732)223-1630 x102

Since 1987 I have been helping my clients fulfill their dream of home ownership!

Real Estate Mortgage Network

NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey