Hello Friends!
Well I was hoping for a Terrific Tuesday after a Frantic Friday and we got it! I just received an "alert to float" from a financial service I subscribe too and that is not very common. Meaning, the analysts are advising to float on your mortgage rates if you were considering locking in a rate. That is a bold statement and typically that does not come about without strong technical factors. Similar to a doctor never being too optimistic with you.
The reason for this as I am sure you know is due to the impact of Hurricane Gustav or lack of impact. All week traders were anticipating a category 4 or 5 to hit the Gulf of Mexico where most of our oil is either pumped, processed or imported. So when their is catastrophic damage to oil production, you can imagine the impact.
Oil dropped to $108 a barrel and is at a year long low, moving below a critical 200-day moving average.
Please watch the video for more details.
Be Blessed!
Travis
Hello Friends!
Well before I forget, have an awesome Labor Day weekend!
Today was ugly for stocks and bonds today. Not shocking knowing how the market responds to a short trading day going into a long holiday weekend. I can't think of the last time the market was up or positive before a long holiday weekend.
Outside of the short trading day and holiday weekend, the PCE (Personal Consumption Expenditure) report came out very hot, much higher than expectations. This is the Fed's #1 report they watch to guage their response to inflationary pressures. It was outside the Fed's comfort zone so not good for mortgage rates.
Please watch the video for more important information. Have an awesome holiday weekend and as always, Be Blessed!
Travis
Hello Friends,
Well this end up being a terrific day all the way around both for our economy, stocks, and mortgage backed securities. Well, mortgage rates haven't improved considerably today but over the past few weeks, we have ticked lower and we are back to rates we were able to lock back on July 14th.
The GDP (gross domestic product) numbers came up in much hotter at 3.3% versus the anticipated 1.9% which is great news for our economy. The DOW is up 212 points because of this as well as a strengthening dollar and dropping oil prices.
Please watch the video for more details.
Be Blessed!
Hello Friends!
I hope you are having a wonderful Wednesday! The market had some good news hit the wires this morning with President Lockhart of the Federal Reserve in Atlanta made the statement, "the worst of inflation is soon to be behind us!" Words have meaning as we know and the traders and analysts run with these kind of bold comments.
A few other pressures to strengthen stocks was the surprise of the Durable Goods Orders, skewed slightly buy the sale of large transportation vehicles but even with that factor removed, still a strong number to point toward a stabilizing economy.
With Tropical Storm Gustav coming to the gulf with high potential to turn ugly into a high rated Hurricane, oil prices are creeping up and could potentially cause an uptick in mortgage rates later in the week.
Please watch the video for more info on today's market. Also, be sure to check out www.neliton.com to get real time info on my Blog as well as a series of videos I am about to release of the Housing and FHA reform as well as work a rounds of the down payment assistant programs going away and the USDA loan.
A great quote today I read from my daily affirmations from John Maxwell had a strong point that resonated with me.
"The development of integrity is an inside job. Ultimately, you are responsible for your choices. Your circumstances are as responsible for your character as a mirror is for your looks! What you see only reflects what you are." Wow, how true is that!
Be Blessed!
Travis
Hello Friends!
Great day for mortgage backed securities and an improvement in mortgage rates. Right now as I type, mortgage backed securities have improved in price by as much as 72 basis points. What does that mean? Yesterday the $400,000 loan you locked in costs about $2800 less in fee today then yesterday, so this is a very good thing. Or at least .125% better in interest rates on a note you could lock in.
The main reason is not earth shattering, just technical factors really. I mentioned in the past moving averages that cause ceilings of resistance and floors of support mortgage backed securities bounce around in. Please watch the video for more details.
Also, I am heading down to California for a family reunion so my updates will not be live again until next week unless I am really motivated down there and the family is driving me crazy.
Be Blessed!
As a Certified Mortgage Planner, it gives me the privilege to help families build for their future as well as continue an ongoing relationship where I become their trusted advisor and debt manager.
About Me:
When I reflect on my life so far, I like to think that it is punctuated with passion: Passion for God, passion for family, passion for the community. This passion fueled my career in the military and later in the Beaverton police department. I served for 11 years as an officer and completed a degree in criminal justice. After my wife became pregnant with our second child, I sought out alternative career opportunities that would allow me to continue to give to the community and fulfill my most important role as father to Karmen and Austin.
Through the process of creating my life plan and business vision with my Christian life and business coach, we found that for my vision to come to life, an excellent team had to be created. I have found like-minded individuals and team players that shared my values and core. We are passionate about serving our clients and empowering their financial futures.
When I am not working, I spend time with my family attending my children's activities, traveling and volunteering as a youth leader with high schools kids with Young Life. I also attend Beaverton Foursquare where my family calls our church home. Some other hobbies of mine include working out, Trail Blazers games and golfing.
Areas of Expertise
Being a Certified Mortgage Planner gives me the privilege to help families build for the future as well as continue an ongoing relationship where I become their trusted advisor and debt manager. I am happy to apply my experiences and keen sense of detail to crafting creative solutions to the financial needs of my clients. Currently I am managing over $70 million in mortgages for my clients and constantly strategizing with market trends and opportunities for my clients to create more wealth and become debt free.
Learn more about our mortgage planning and managment process as my client and referral partner interactive forum at www.neliton.com
My Team
Amy Yoder - Mortgage Planning Partner
Amy works with Travis to ensure that the process of obtaining a loan is productive and painless. She assists Travis in laying out a plan for each client to make certain that each client's goals are met. With Travis' client's best interest in mind, Amy works to find the appropriate loan and lender and gathers together what is needed for each transaction.
Lya Macaya, Transaction Coordinator
Lya works to create a smooth, seamless loan transaction for her clients and all parties involved. It is her responsibility to submit and process all loans while maintaining open communication with borrowers, lenders and Realtors. Lya works directly with clients to be certain that all information needed by the lender for each loan is complete and accurate so that each loan closes easily and timely.
Tyler Colson - Business Development Partner
Tyler's role is to help clients stay in touch once they have left their consultation, finished their home purchase or mortgage redesign and the ongoing management of their mortgage. In addition to keeping clients up to date on the financial and mortgage markets, we will continue to monitor the financing you have chosen and make certain it best matches your short and long term financial goals.
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