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http://www.bls.gov/news.release/empsit.nr0.htm

Clearwater FL |The Recession is Over

Cyndee — Sat, 10 Apr 2010 06:46:24 +0000

Clearwater FL – Everyone’s been wondering when the Recession would be over. We’ve been waiting for good news in the Job Market and recent trends indicate positive changes, while real income continues to exceed GDP, and it arrived this month.

The Bureau of Labor Statistics reports on April 2, 2010:

“Nonfarm payroll employment increased by 162,000 in March, and the unemployment rate held at 9.7 percent, the U.S. Bureau of Labor Statistics reported today.”

See full article:

Also, on April 9, 2010, Frank Nothaft, Freddie Mac vice president and chief economist said:

“Once again, mortgage rates followed bond yields higher amid a positive March employment report. The economy added 162,000 jobs, which was the largest monthly gain over the past three years. In addition, revisions raised the January and February figures by a combined 61,000 workers. Excluding government employees, private payrolls rose for the third consecutive month and were the strongest increase since May 2007.”

See full article:

http://www.freddiemac.com/pmms/release.html?week=14&year=2010

And finally, Jeff Frankel, of Harvard, an arbiter at the National Bureau of Economic Research proclaims “The recession is over.”

See full article:

http://content.ksg.harvard.edu/blog/jeff_frankels_weblog/2010/04/05/job-market-confirms-end-of-recession/

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Call or email us today if you are thinking of buying or selling your home or condo in Clearwater FL, or any of these other local cities: Dunedin, Safety Harbor, Palm Harbor FL, Largo FL, Seminole, Tarpon Springs FL, Clearwater Beach FL, Belleair Beach, Indian Rocks Beach FL, Indian Shores, Redington Shores FL, North Redington Beach FL, Redington Beach FL, Madeira Beach, Treasure Island FL or St Pete Beach.

Ask us for a Market Survey for Your Property – Find Out What Your Clearwater FL Property is Worth.

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We’d like to be YOUR Clearwater Real Estate Team – specializing in luxury waterfront homes and condos!

Call Jack @ 727710.8036 or Cyndee @ 727.710.8035

Jack and Cyndee Haydon
Charles Rutenberg Realty

Clearwater Real Estate
1545 S. Belcher Road
Clearwater, FL 33764
Jack Cell: 727-710-8036

Cyndee Cell: 727-710-8035

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Tampa Mortgage Rates Update for – April 3, 2010

Tampa Mortgage Rates Update for – April 10, 2010

Cyndee — Sat, 10 Apr 2010 06:25:43 +0000

Clearwater Fl – If you are looking at Clearwater Fl homes for sale then we know you’ll want to get the latest Tampa Mortgage info. Here’s this week’s quick update on Tampa Mortgage rates. Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.21 percent with an average 0.6 point for the week, up from last week when it averaged 5.08 percent.

Last year at this time, the 30-year FRM averaged 4.87 percent. This is the highest the 30-year FRM has been since the week ending August 13, 2009 when it averaged 5.29 percent. “Once again, mortgage rates followed bond yields higher amid a positive March employment report,” said Frank Nothaft, Freddie Mac vice president and chief economist. “The economy added 162,000 jobs, which was the largest monthly gain over the past three years. In addition, revisions raised the January and February figures by a combined 61,000 workers. Excluding government employees, private payrolls rose for the third consecutive month and were the strongest increase since May 2007.”

See Full article: Freddie Mac

Latest Tampa Mortgage Rate Updates

Tampa Mortgage Rates Update for – March 27, 2010

Tampa Mortgage Rates Update – March 19, 2010

Tampa Mortgage Rates Update – March 12, 2010

Search for homes here: Clearwater FL Homes For Sale

Call or email us today if you are thinking of buying or selling your home or condo in Clearwater FL, or any of these other local cities: Dunedin FL, Safety Harbor FL, Palm Harbor, Largo FL, Seminole FL, Tarpon Springs FL, Clearwater Beach FL, Belleair Beach, Indian Rocks Beach FL, Indian Shores, Redington Shores, North Redington Beach FL, Redington Beach FL, Madeira Beach, Treasure Island FL or St Pete Beach.

Ask us for a Market Survey for Your Property – Find Out What Your Clearwater FL Property is Worth.

Search for homes here:

We’d like to be YOUR Clearwater Real Estate Team – specializing in luxury waterfront homes and condos!

Call Jack @ 727710.8036 or Cyndee @ 727.710.8035

Jack and Cyndee Haydon
Charles Rutenberg Realty
1545 S. Belcher Road
Clearwater, FL 33764
Jack Cell: 727-710-8036

Cyndee Cell: 727-710-8035

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Tampa Mortgage Rates Update for – April 3, 2010

Cyndee — Sat, 03 Apr 2010 16:40:28 +0000

Clearwater Fl – Just a quick update on Tampa Mortgage rates Update. Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.08 percent with an average 0.7 point for the week. Up from last week when it averaged 4.99 percent. Last year at this time, the 30-year FRM averaged 4.78 percent.“Interest rates for fixed mortgages rose this week following a run up in long-term bond yields, while ARM rates eased slightly,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Rates on 30-year fixed loans were the highest since the starting week of this year.

See Full article:

Tampa Mortgage Rates Update for – March 27, 2010

Latest Tampa Mortgage Rate Updates

Tampa Mortgage Rates Update – March 19, 2010

Tampa Mortgage Rates Update – March 2010

Search for homes here: Clearwater FL Homes For Sale

Call or email us today if you are thinking of buying or selling your home or condo in Clearwater FL, or any of these other local cities: Dunedin, Safety Harbor , Palm Harbor, Largo, Seninole, Tarpon Springs, Clearwater Beach, Belleair Beach, Indian Rocks Beach, Indian Shores, Redington Shores, North Redington Beach, Redington Beach, Madeira Beach, or Treasure Island.

Ask us for a Market Survey for Your Property – Find Out What Your Clearwater FL Property is Worth.

Search for homes here:

We’d like to be YOUR Clearwater Real Estate Team – specializing in luxury waterfront homes and condos!

Call Jack @ 727710.8036 or

Cyndee @ 727.710.8035

Jack and Cyndee Haydon
Charles Rutenberg Realty
1545 S. Belcher Road
Clearwater, FL 33764
Jack Cell: 727-710-8036

Cyndee Cell: 727-710-8035

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Tampa Mortgage Rates Update for – March 27, 2010

Cyndee — Sat, 27 Mar 2010 17:28:35 +0000

Clearwater Fl – Just a quick update on Tampa Mortgage rates Update from Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged 4.99 percent with an average 0.6 point for the week, up slightly from last week when it averaged 4.96 percent. Last year at this time, the 30-year FRM averaged 4.85 percent.

Frank Nothaft, Freddie Mac vice president and chief economist says: “Mortgage rates inched up slightly this week as bond yields rose even further. Interest rates on 30-year fixed mortgages, however, were still below 5 percent for the fourth consecutive week.”

See Full article:

Search for homes here: Clearwater FL Homes For Sale

Call or email us today if you are thinking of selling your home or condo in Clearwater FL, Dunedin, Safety Harbor , Palm Harbor, Largo, Seninole, Tarpon Springs, Clearwater Beach, Belleair Beach, Indian Rocks Beach, Indian Shores, Redington Shores, North Redington Beach, Redington Beach, Madeira Beach, or Treasure Island.

Ask us for a Market Survey for Your Property – Find Out What Your Property is Worth Today.

Call or email us today if you’re thinking about buying a home or condo in Clearwater FL, Dunedin, Safety Harbor , Palm Harbor, Largo, Seninole, Tarpon Springs, Clearwater Beach, Belleair Beach, Indian Rocks Beach, Indian Shores, Redington Shores, North Redington Beach, Redington Beach, Madeira Beach, or Treasure Island.

Search for homes here: Clearwater FL Homes For Sale

We’d like you to know that we are passionate about being your real estate advocate. We’re committed to delivering Results daily based on Integrity, Knowledge & Experience – helping you find the perfect beach house or condo– just ask.

We’d like to be YOUR Clearwater Real Estate Team – specializing in luxury waterfront homes and condos!

Call Jack @ 727710.8036 or Cyndee @ 727.710.8035

Jack and Cyndee Haydon
Charles Rutenberg Realty
1545 S. Belcher Road
Clearwater, FL 33764
Jack Cell: 727-710-8036

Cyndee Cell: 727-710-8035

See What a Customer Says About Us:

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Tampa Mortgage Rates Update – March 19, 2010

Cyndee — Sat, 20 Mar 2010 03:05:45 +0000

Clearwater Florida – Just a quick update on Tampa Mortgage rates from Freddie Mac. The 30-year fixed-rate mortgage averaged 4.96 percent this week up slightly from last week when it averaged 4.95 percent. Last year at this time, the 30-year fixed-rate mortgage 4.98 percent.”Mortgage rates for fixed-rate mortgages were virtually unchanged this week as the effects of the prior storms emerged in recent housing data,” said Frank Nothaft, Freddie Mac vice president and chief economist.

See Full article:

Jack and Cyndee Haydon
Charles Rutenberg Realty
1545 S. Belcher Road
Clearwater, FL 33764
Jack Cell: 727-710-8036

Cyndee Cell: 727-710-8035

See What a Customer Says About Us:

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Tampa Mortgage Rates Update – March 2010

Cyndee — Fri, 12 Mar 2010 19:51:06 +0000

Clearwater Florida – Just a quick Tampa Mortgage rates update from Freddie Mac. Looks like 30-year fixed rate mortgages are averaging 4.95% this week. Last week those same rates were 4.97%, but that is still down from last year at this time when those same rates averaged 5.03% and from last month when the rates were at 5.01%.

Frank Nothaft, Freddie Mac vice president and chief economist says “During a light week of mixed economic reports, mortgage rates eased somewhat.”

See Full article:

Jack and Cyndee Haydon
Charles Rutenberg Realty
1545 S. Belcher Road
Clearwater, FL 33764
Jack Cell: 727-710-8036

Cyndee Cell: 727-710-8035

See What a Customer Says About Us:

Clearwater Beach Florida Real Estate

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Latest Update on Home Mortgage Rates

Cyndee — Sat, 06 Feb 2010 15:15:53 +0000

Clearwater Florida – Just a quick Tampa Mortgage rates update for you from Freddie Mac. Looks like 30-year fixed rate mortgages are averaging 5.01% this week. Last week those same rates were 4.98%, but that is still down from last year at this time when those same rates averaged 5.25%. Freddie Mac says the strengthening housing market gets credit for these low rates.

In addition, Freddie Mac says the Federal Reserve reports banks have generally stopped tightening standards on most types of home loans.

See Full article: Freddie Mac

Jack Haydon
Charles Rutenberg Realty
1545 S. Belcher Road
Clearwater, FL 33764
Cell: 727-710-8036

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Here's Why Tampa Mortgage Rates Are Up Over 1.125 Percent In 10 Days

Cyndee — Tue, 09 Jun 2009 08:00:00 +0000

Tampa Mortgage Rates Rising

Clearwater Florida – If you are in the market to buy a Clearwater Beach Condo or Tampa Bay home you’ve probably noticed that since Memorial Day, conforming Tampa mortgage rates have jumped by more than 1.125 percent, adding thousands of dollars to the annual cost of home ownership.

To the casual observer, the moves may seem random. However, you may not realize there is a reason this is happening and it all starts with inflation.
As an economic force, inflation erodes the value of the U.S. Dollar. Left unchecked, it drives up the Cost of Living as each dollar “buys less” at the supermarket, gas station, or anywhere else.

But with respect to local home mortgage rates, inflation’s impact is more immediate. Because inflation devalues the dollar over the long-term, it renders long-term mortgage bonds a less attractive investment for traders.

If bond investors are repaid in U.S. Dollars, after all, it would make the investment worth less if the dollar is in an inflationary freefall.
Therefore, in situations when inflation is likely to present, we find that traders often sell out of their mortgage bond positions which, in turn, drives down the bond prices. Then, because bond yields move in the opposite direction of bond prices, rising rates are the inevitable result.
Lately, Wall Street is fearing inflation for a number of reasons:

Job losses are slowing, adding to consumer spending expectations
Gas prices have risen 41 days in a row
The federal government is increasing the money supply

These 3 factors — plus a few others — are all coming to a head around the same time and traders are getting defensive with their portfolios. As a result, they’re selling their mortgage bond positions and it’s driving mortgage rates higher.
Rates may continue to trek toward 7 percent through July and August, or they may retreat toward 5 percent. We can’t know for sure. What we can know, though, is that volatility in rates should continue until the economic picture gets more clear. That could be next week, or next year.
For now, be ready to lock your home loan at a moment’s notice. Tampa Mortgage rates and rates around the country are changing quickly.

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In Clearwater Florida Over 24 Hours saw Tampa Mortgage Rates Shoot Higher

Cyndee — Thu, 21 May 2009 16:00:00 +0000

The Ying and Yang of Clearwater Tampa Mortgage Rates

Clearwater Florida – Tampa Mortgages: Rates go up, Mortgage rates go down – it seems we’re living with the constant Ying and Yang of the mortgage and Clearwater real estate market. If you’re one of the lucky ones, you’ll catch them while they’re down and while they last.

After Wednesday’s mortgage market rally drove rates down by a bunch, Thursday’s sell-off pushed them right back up.

This has been a common pattern in the skittish world of mortgage rates this year.

With the U.S. economy still teetering between recession and growth, markets are looking for signals anywhere it can find them – mortgage markets and real estate markets are no different. Thursday’s clue came from a government report showing that more Americans are collecting unemployment benefits than at any point in history.

Strangely, mortgage rates rose on the news.

We call it “strange” because weak economic data has tended to draw mortgage rates lower lately to the benefit of prospective home buyers and would-be refinancers. Lower rates make Clearwater homes more affordable.

Thursday, though, the pattern broke.

Why Did Mortgage Rates Rise Today in Clearwater and Tampa?

The main reason why Florida mortgage rates rose Thursday isn’t because of the employment report or any other piece of data. Rates rose Thursday for the same reason that they had dropped the day prior — the Federal Reserve.

On Wednesday, the released minutes from the Fed’s last meeting suggested that the group might make a larger mortgage market intervention. On Thursday, in the face of worsening jobs data, markets bet the Fed wouldn’t.

Clearwater – Tampa Mortgage rate shoppers and home buyers, unfortunately, got caught in the crosshairs.

Rates can — and do — change quickly, without warning. And, thus far this year, the changes have been extra sudden. This is one reason why it’s often prudent to lock your Clearwater Tampa mortgage rate as soon as you find one that’s agreeable. Wait too long, and it could be gone.

Expect more volatility today with traders leaving early for Memorial Day Weekend. Less volume means more chances for rates to change.

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