Tuesday, August 5, 2008

My Life as a Realtor.

What a great Life we have!

Yesterday was great! We got or DOG! Mojo is in the building. At 8 weeks old he was 18 lbs and he will be huge!

I just thought I would let you all know. Now on to RE!

We just picked up a smoking deal on a home. We are willing to asign it for 130K. It has a tax value of 184K with renters that are willing to pay 850 monthly. If you know of anyone that wnts a cash flow property, call me today and I will give you all the back story.

Here is some facts on the bonds. The bonds determane mortgages.

This week brings us the release of only three pieces of economic data that are likely to affect mortgage rates. However, the biggest event of the week will be the Federal Open Market Committee (FOMC) meeting Tuesday. We may see some pressure in bonds today as investors prepare for the meeting, but most traders will likely make their moves post-meeting Tuesday.

The first important release is June's Personal Income and Outlays data Monday morning. The Income & Spending report helps us measure consumer ability to spend and current spending habits. Forecasts called for a decline of 0.1% in income and an increase of 0.5% in spending. Results were an increase of 0.1% in income and 0.6% increase in spending.

Bonds bounced lower on the immediate news but have rebounded off the lows of the trading session. What this means is that mortgage interest rates will rise as the bonds continue to fall.


The FED is meeting right now discussing the economy and any changes to the FED Funds Rate. Analysts are predicting a 93% chance of no change to the rate. Inflation remains the major topic of concern with the bonds reacting negatively to the better than expected news. Read The News section for more information. Bonds look to stay on the roller coaster for now.

Here are some quotes!

"No man who continues to add something to the material, intellectual and
moral well-being of the place in which he lives is left long without
proper reward. "
-- Booker T. Washington, educator

"Always bear in mind that your own resolution to succeed is more
important than any other one thing. "
-- Abraham Lincoln, 16th President of the United States

"Success is doing ordinary things extraordinarily well. "
-- Jim Rohn, Motivational Speaker

"Do more than is required. What is the distance between someone who
achieves their goals consistently and those who spend their lives and
careers merely following? The extra mile. "
-- Gary Ryan Blair, Author and Motivational Speaker

"The future belongs to those who believe in the beauty of their dreams."
-- Eleanor Roosevelt, Former First Lady

"People never improve unless they look to some standard or example
higher and better than themselves. "
-- Tyron Edwards, American Theologian

"People with goals succeed because they know where they're going"
-- Earl Nightingale, Motivational Speaker

"If you only care enough for a result, you will almost certainly attain it."
-- William James, Psychologist

"People do not decide to become extraordinary. They decide to accomplish extraordinary things. "
-- Sir Edmund Hilary, First to reach the summit of Mount Everest

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