Hello Friends,
Well it has almost been a week since I have done an update and unfortunately no news was not good news. I have a new and much deeper appreciation for what my wife does on a daily basis with our kids and home as she was gone for a week in Mexico and I actually thought I would be able to work and run a home, not so much.
No way to sugar coat it, things are ugly. The DOW just dropped to multi-year lows, a 1500 point drop alone since last Wednesday after the election and the initial jobless claims came out today for the week much worse than expected, suprassing 500k unemployment claims LAST WEEK alone! The ongoing claims are at 3.9 million, a 25 year high! Also, 3rd quarter earnings and 4th quarter projections continue to come out with very little good news.
Like I do at family dinner at my house, we do "low-high" where we go around and share our low point of the day and end on our high. Well to keep with tradition, I will end on a high. Mortgage rates should continue to drop because of unemployment and lack of consumer confidence. This causes people to spend less and save for those that do have jobs, so it keeps inflation at pretty much a non-factor. Also, oil continues to drop on a down escaltor and is coming up on $100 drop from July alone. We should all see gas prics below $2 soon if not already in some of our communities.
Please watch the video fo more details.
Be Blessed!
Hello Friends,
I hope you are having a great Friday. I am happy to report that the stock market is in the black slightly and licking its wounds today from the largest 2-day drop in the history of the stock market Wednesday and Thursday. I am hoping it was a coincidence that it was the first two days following the election of President Elect Obama and that it was not all of the top 5% of wealthy American's pulling their money out of the market to avoid Obama's tax plan.
Unemployment reached 6.5% on reports this morning, a jump from last month’s 6.1% number. GM also announced a 2.5 billion dollar loss for the 3rd quarter and their investors are panicking as it shows GM stocks with a big sell off today over liquidity and cash concerns.
A small bright spot is cost for a barrel of oil nearly broke $60 today, closing a few pennies over $60. That is over a hundred dollar per barrel drop since July.
Please watch the video for further details.
Be Blessed!
Hello Friends,
Wow, ugly days on Wall Street. I think some of the false hope of the election passing made everyone think change was going to happen overnight. We are in a financial mess still and a global recession. The Bank of England slashed their national bank rate last night by 1.50%, similar to our Fed Funds Rate cut last week. This was an unprecedented move and a sure sign of the real mess they are in. It is the lowest they have had this rate since 1955! The European Union cut their rate by .50% last night as well. This has caused the dollar to gain more ground against their currencies and oil dropped by $3, all the way down to $62 a barrel now.
Initial Jobless Claims came in higher than expected and with the continuing claims reaching 3.84 million, it is the highest number in 25 years.
The good news though outside of oil prices dropping is mortgage rates have maintained their gains and are sitting above an important level of support on the 200 day moving average. So rates are still sitting in the upper 5% range on a 30yr fixed with an APR close to 6%.
Please watch the video for more details.
Be Blessed!
Hello Friends!
Yeah the election is over, time to move forward, embrace change whatever that is going to look like and look for constant and never ending self improvement. As Chuck Swindoll said, "Life is 10% what happens to us and 90% percent how we respond to it.” Respond well!
Unfortunately the market did not respond well this morning, the DOW is down around 350 but the good news is, Mortgage Backed Securities are up 31 basis points to add to the huge gain from yesterday for a total of 1.5% betterment in fee (not rate.) That equates typically about .375% better in a mortgage rate, so huge difference, especially over time. Also, oil had had some recent gains but plummeted over $5 this morning so we are back down to two year lows at $64 a barrel.
Please watch the video for more details.
Be Blessed!
Hello Friends,
Woohoo, Election Day will be over in about 8 hours! The market is on quite the rally right now, if it can only continue. Mortgage backed securities are up nearly 100 basis points or 1% in fee or discount point. So rates across the board have improved about .25% and .375% in some cases, all in a matter of a few hours.
Outside of the emotion and the election finally being here, Australia cut their Fed Bank rate by .75% and the EU or European Union should follow suit this week with the same .75% cut. Please watch the video for more details and how this effects our market and the global economy.
The DOW is up about 215 right now.
Have a Blessed Day!
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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