Brentwood TN Real Estate/Homes - Vanessa Stalets REALTOR®

Finance market update provided by Brentwood TN Real Estate for buyers and sellers in the Brentwood TN area.

Mortgage bond prices rose last week pushing mortgage interest rates lower, this is great news for Brentwood TN real estate buyers. The Fed took center stage with another rate cut exactly as expected and indicated "the committee expects inflation to moderate in the coming quarter." This statement helped bonds rally considerably. The majority of data released came in as expected with the exception of the employment report that was released Friday. Non-farm payrolls fell 20,000 in April, less than the expected decrease of 75,000. For the week, interest rates on government and conventional loans fell by about 3/8 of a discount point.

The preliminary productivity data Wednesday will be the most important event this week. Look for the Treasury auctions to provide an indication of foreign demand for US debt. Trade data Friday has the potential to result in market volatility so be cautious floating into the data releases.

Economic Factors

Economic Indicator Release Date Time Consensus Estimate Analysis

Preliminary Q1 Productivity Wednesday, May 7, 2008 Up 1.2% Important. A measure of output per hour. Improvement may lead to lower mortgage rates.

10-year Treasury Note Auction Wednesday, May 7, 2008 None Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.

Consumer Credit Wednesday, May 7, 2008 Up $6.3 billion Low importance. A significantly larger than expected increase may lead to lower mortgage interest rates.

30-year Treasury Bond Auction Thursday, May 8, 2008 None Important. Bonds will be auctioned. Strong demand may lead to lower mortgage rates.

Trade Data Friday, May 9, 2008 $61.3 billion deficit Important. Affects the value of the dollar. A falling deficit may strengthen the dollar and lead to lower rates, leading also to increased buying power for Brentwood Tn Real Estate buyers..

Productivity

The latest advance gross domestic product data indicated the US economy grew at a 0.6 percent rate in the first quarter. Fed officials remain concerned that inflation is rising and the economy is heading towards recession. Many analysts believe the economy is already in one. This data was mixed with the GDP price index rising 2.6% in the first quarter compared to a 2.4% increase in the fourth quarter.

Productivity is the rate at which goods or services are produced. It is most commonly defined in terms of labor, which is the contribution of people to the process. Labor costs represent about two thirds of the value of the output produced. The Bureau of Labor Statistics of the US Department of Labor releases the most widely cited productivity statistics quarterly and annually. Increased productivity is often credited for economic growth with little signs of inflation.

Productivity is significant in that as it increases, businesses can produce more with the same or less input. This wealth building effect is vital to the US economy. As productivity increases, the US economy generally performs better. As productivity decreases, the economy generally suffers.

While the bond market generally favors signs of weakness in the economy, bonds tolerate growth as long as the economic environment shows little or no inflationary pressures. Unfortunately, inflation has escalated as of late.

Keep in mind that rates remain historically very favorable and now is a great time to buy your dream home in Brentwood TN or surrounding areas.

Now is a great time to avoid the uncertainty surrounding continued market volatility by locking your loan. Capitalizing on current levels is prudent to protect against future volatility.
*Information courtesy Tonya Esquibel, WR Starkey Mortgage, Franklin TN*

Vanessa Stalets

Brentwood TN Real Estate

RE/MAX Elite

615-957-6333/ 615-661-4400

Brentwood TN Real Estate

Mortgage bond prices rose last week pushing mortgage interest rates lower. Oil prices fell the first portion of the week, which helped bonds rally. Unfortunately, some pipeline shutdowns ignited inflation fears Thursday and Friday causing bond prices to fall and rates to rise, erasing a lot of the earlier improvements. Stocks remained volatile with some optimism despite data that showed the economy continued to struggle.

For the week, interest rates on government and conventional loans fell by about 3/8 of a discount point.

The Fed meeting Wednesday will be the most important event this week. Look for reactions to the data prior to the meeting to be heightened. The post-meeting data releases the later portion of the week may result in slightly diminished reactions but still have the potential to cause mortgage interest rate volatility.

Economic Factors

Economic Indicator Release Date Time Consensus Estimate Analysis

Consumer Confidence Tuesday, April 29, 2008 62.0 Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

ADP Employment Wednesday, April 30, 2008 Down 55k Moderately Important. A different survey of employment. Weakness may help rates improve.

Q1 Advance GDP Wednesday, April 30, 2008 Up 0.4% Very important. The aggregate measure of US economic production. Weakness may lead to lower rate

s.

Q1 Employment Cost Index Wednesday, April 30, 2008 Up 0.8% Very important. A measure of wage inflation. Weakness may lead to lower rates.

Fed Meeting Adjourns Wednesday, April 30, 2008 25 basis point cut Important. Most expect the Fed to cut rates, but volatility may surround the adjournment of this meeting.

Personal Income and Outlays Thursday, May 1, 2008 Income up 0.4%, Outlays up 0.2% Important. A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates.

Employment Friday, May 2, 2008 Unemp. @ 5.2%, Payrolls -80k Very important. An increase in unemployment or a large decrease in payrolls may bring lower rates.

Factory Orders Friday, May 2, 2008 Up 0.4% Important. A measure of manufacturing sector strength. Weakness may lead to lower rates.

Fed Focus

The Fed has been walking a delicate line of trying to stimulate the economy without stoking inflation too much. Unfortunately the Fed is faced with continued signs of economic weakness amid rising price pressures. Most analysts believe the Fed's biggest worry is the stumbling economy and will therefore cut rates again this week by 25 basis points. People often hear that the Fed is cutting rates and believe that mortgage interest rates will follow suit. This is usually not the case in the short-term as recent history shows. Mortgage interest rates have spiked higher following most of the recent rate cuts.

Remember, the Fed cuts rates to spur the economy. This is usually seen as positive for stocks at the expense of bonds. While nothing is set in stone and reactions can vary, floating into the Fed meeting is risky. The Federal Reserve has direct control over the level of short-term interest rates. The Fed's influence over longer-term interest rates is less certain. A cautious is prudent heading into the Fed meeting this week.

*Information Courtesy Tonya Esquibel, WR Starkey Mortgage, Franklin, TN*

Vanessa Stalets - 615-957-6333

Brentwood TN Real Estate
RE/MAX Elite
615-661-4400

I am a licensed real estate professional in Brentwood TN. My job is to represent you in any and all real estate transactions. I have the experience and know-how to make your home selling and buying experience enjoyable. I specialize in the Brentwood, Franklin and Nashville markets.

I can help you determine your buying power.

I have the resources to find you homes that may not even be on the market.

I provide valuable information to help with your selection process.

I know how to successfully negotiate on your behalf.

I provide due diligence through the property evaluation process.

I make the closing process smooth and stress-free.

I know qualified lenders and understand your financing options.

I have the means to successfully market your property.

I know when, where and how to advertise your property.

I can help accelerate the close on the sale of your home.

Buying and selling homes is my job. It's what I do best. Give me a call and put me to work for you, so you can do what you do best. I look forward to hearing from you.

	Vanessa Stalets 615-957-6333 RE/MAX Elite 615-661-4400

Visit my website at Brentwood TN Real Estate

Brentwood TN Real Estate

Congratulations! You have decided to purchase a home, or are thinking about buying one in Brentwood, Franklin or Nashville TN. You will be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.

On my website Brentwood TN Real Estate you will find the information you need to make a wise buying decision. I will take you through the planning process step-by-step; to help you determine which home is right for you. You will find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.

Please contact me if you have any questions about buying a home in Brentwood, Franklin, Nashville or elsewhere in Tennessee. "To leave satisfied you must arrive prepared."

Consider my site your home buyer's toolkit. Open it up, take a look around, and if you like, start equipping yourself with the tools necessary to make your best purchase. In most businesses, knowledge equals power, and real estate is certainly no exception.

I hope you enjoy the information I've provided, and I hope you learn a little more about what it takes to make your important purchase a GREAT ONE!

The real estate market in Brentwood, Franklin and Nashville TN is certainly volatile, and all of the information about buying a home can be overwhelming. I can help.

When you're ready to act, contact me;

• I simplify your transaction for you as much as possible.
• I fight on behalf of my buyers.
• I negotiate the absolute best price.
• I protect you.

Call me, your Brentwood Real Estate Source, for more information on how I can

"Bring Integrity AND Results HOME To You!"
Vanessa Stalets
Brentwood TN Real Estate
615-957-6333

vstalets@realtracs.com

RE/MAX Elite

615-661-4400

In any market a qualified, competent Brentwood TN real estate agent will help you navigate the myriad of decisions that arise when buying and selling a home in Brentwood, Franklin or Nashville TN; this is especially true in "soft" or "buyers" markets, where an agent provides value to the homeowner in many ways. A few of them are:

•· Pays for all marketing and advertising costs.

•· Adds experience and expertise in all aspects of the sales process including marketing, financing, negotiations and more.

•· Handles all showings.

•· Bring a network of known, trusted real estate professionals. If I don't have the answer, I likely know someone who does.

•· Always have your interests in mind so you always have someone on your side.

•· Can handle and advise on all price and contract negotiations.

•· Provide you with all the possible options and opportunities without holding back.

•· Give an unbiased, realistic view of your home and your options. Unlike buyers and sellers, an agent has no emotional attachment to property.

•· Have the knowledge to help you ask the right questions.

•· Being a third party, potential buyers are more likely to tell your agent the truth about your home, even if it is unflattering. This objective viewpoint will help you make the necessary changes to get your home sold.

•· Your time is valuable. A real estate agent allows you to spend your time how you want.

Call me, your Brentwood Real Estate Source, for more information on how I can

"Bring Integrity AND Results HOME To You!"
Vanessa Stalets
Brentwood TN Real Estate
615-957-6333

vstalets@realtracs.com

RE/MAX Elite

615-661-4400