Thank you,
Edward Deanes
This information is accurate as of the date posted and is subject to change without notice. All of the views and comments are mine and do not represent Wells Fargo.
Thursday, October 28, 2010
Military Appreciation Night at Hot tuna
Tuesday, October 19, 2010
MMG Weekly: Quantitative Easing Wants To Be Friends
[http://www.allaboutnews.com/img/invite_friend/envelope.gif]<http://[servername]/mmgw_invite_friend_form.php?username=%5binsertuser%5d> Send to a Friend <http://[servername]/mmgw_invite_friend_form.php?username=%5binsertuser%5d>
Follow Me On: [http://www.allaboutnews.com/images/social_icons/Facebook.jpg] <http://www.facebook.com/pages/Virginia-Beach-VA/Deanes-Group/195118023289> [http://www.allaboutnews.com/images/social_icons/Twitter.jpg] <http://www.twitter.com/deanesgroup> [http://www.allaboutnews.com/images/social_icons/LinkedIn.jpg] <http://www.linkedin.com/in/edeanes> [http://www.allaboutnews.com/images/social_icons/YouTube.jpg] [http://www.allaboutnews.com/images/social_icons/PlatPlus.jpg] <http://www.allaboutnews.com/platinumvideos/edeanes>
[http://members.platinumpromarketing.com/web/images/web/CC0C00_mmg_weekly_header.jpg]
[http://members.platinumpromarketing.com/members/web/16644_photo.jpg]
Edward F. W. Deanes
Home Mortgage Consultant
Wells Fargo Home Mortgage
Phone: (757) 418-2064
Fax:: (866) 935-0661
edward.deanes@wellsfargo.com<mailto:edward.deanes@wellsfargo.com>
www.deanesgroup.com
[http://members.platinumpromarketing.com/members/web/16644_logo.jpg]
In This Issue [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
Last Week in Review: Quantitative Easing is heading our way, but when, why, what will it mean? Many questions remain...
Forecast for the Week: What kind of outlook will the economic reports of the week create?
View: 5 Facebook posts that put you at risk! Do you know what they are?
Last Week in Review [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
"EVERYTHING?S COMING OUR WAY..." Those words from Carlos Santana?s song come to mind following last week?s release of the Fed?s September Meeting Minutes, as well as a speech from Fed Chairman Ben Bernanke. The message was pretty clear - another round of Quantitative Easing (QE2) is coming our way! Remember that QE is the concept of the Fed becoming a buyer of Treasuries and Bonds, in a bid to keep interest rates low and therefore stimulate the economy. And while all the talk had Bonds behaving in a volatile fashion - ultimately causing home loan rates to worsen for the week overall - what was said specifically... and what does it mean?
First, let?s take a look at a few notes from the Fed Meeting Minutes: "Although participants considered it unlikely that the economy would re-enter a recession, many expressed concern that output growth, and the associated progress in reducing the level of unemployment, could be slow for some time." Stating that "many" Fed members expressed concern likely means that more voting Fed members are onboard with the concept of more QE.
Then there was this comment, which didn?t require much reading between the lines: "Many participants noted that if economic growth remained too slow to make satisfactory progress toward reducing the unemployment rate, or if inflation continued to come in below levels consistent with the FOMC's dual mandate, it would be appropriate to provide additional monetary policy accommodation." This is clearly telling the markets that the Fed will be stepping in with the money printing presses if the economy doesn't pick up. And with just a few weeks remaining before the next Fed Meeting, and recent economic reports being weak at best... rest assured, more QE is coming.
And this was underscored as Fed Chairman Ben Bernanke delivered a highly anticipated speech on Friday, also making a strong case in support of more Quantitative Easing. He stated "there would appear - all else being equal - to be a case for further action" and additionally, that the "FOMC is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation over time to levels consistent with our mandate."
OK - so it seems clear - more QE is coming. But is this a good thing?
In Bernanke?s comments on Friday, he noted that the Fed has much less experience in judging the economic effects of more QE versus their more traditional monetary policy actions - and said that this "makes it challenging to determine the appropriate quantity and pace of purchases and to communicate this policy response to the public." True - this amount of money-printing is unprecedented... and begs the question of if more QE really makes sense. The idea is to strengthen the economy by helping make interest rates lower... but the questions remain - will it work, and what consequences may result?
-----------------------
QE2 is Coming, But Questions of Its Effectiveness Still Remain
[http://www.mmgweekly.com/templates/mmgweekly/spe_chart/Top_Chart_10_18_10.jpg]
Interestingly enough - one result that is likely is that the US Dollar would weaken... and is already weakening following all the talk of QE. And remember, a weaker Dollar helps make our exports more attractive to foreign buyers, due to the weakened US currency making our products less expensive to purchase by foreigners. And while the government will never say it - as the US has been accusing China of very similar tactics - this Dollar devaluation may be exactly what the government has in mind.
Think about it... the "cover story" is all on how QE will help interest rates improve - but realistically, are slightly lower rates even what is truly needed to boost consumer demand and create jobs? Rates are pretty low as they stand right now...so why do more QE? Hmm... might just be to devalue the Dollar, and boost our economy through making our exports relatively cheaper for foreign buyers. And this is not a bad thing - but we have to be aware that while QE2 might provide an initial decline for interest rates - the devaluation of the Dollar will ultimately drive rates higher.
This story is far from over - so stay tuned as it continues to unfold in the coming weeks, I will be keeping you informed.
THE IMPACT OF QE2 ISN?T THE ONLY THING ON THE MINDS OF CONSUMERS THESE DAYS. A NUMBER OF PEOPLE ARE QUESTIONING THE RISKS OF SHARING INFORMATION ON SOCIAL NETWORKING SITES LIKE FACEBOOK ? AND FOR GOOD REASON. CHECK OUT THE MORTGAGE MARKET GUIDE VIEW BELOW FOR INFORMATION ABOUT 5 POSTS THAT COULD PUT YOU AT RISK!
Forecast for the Week [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
This week?s economic calendar brings us new insight into the health of the manufacturing and housing sectors of the economy. We?ll start off with reports on Capacity Utilization and Industrial Production on Monday. The capacity utilization rate provides an estimate of how much factory capacity is in use. If the utilization rate climbs too high it can lead to inflationary bottlenecks in production. The Federal Reserve watches this report closely and decides how to set interest rates on the basis of whether production constraints are threatening to cause inflation.
Tuesday brings us more housing news with the latest reports on Housing Starts and Building Permits for September. That news will be followed by the release of the Fed?s Beige Book on Wednesday. The Beige Book - which is officially known as the Survey on Current Economic Conditions - contains anecdotal information on the current economic and business conditions.
Thursday we?ll see another round of Initial Jobless Claims. In last week?s report, Initial Jobless Claims rose to 462,000, which was above the 450,000 that was expected. That was a disappointment, as it seems that the economy is unable to string together a couple of solid weeks with Jobless Claims below 450,000. Finally, the week wraps up on Friday with the Philadelphia Fed Index, which is one of the most important regional manufacturing indices.
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.
As you can see from the chart below, Mortgage Bonds experienced volatility last week, due in large part to the ongoing comments about Quantitative Easing.
-----------------------
Chart: Fannie Mae 3.5% Mortgage Bond (Friday, October 15, 2010)
[http://members.platinumpromarketing.com/mmgw/charts/Weekly_Chart_10_18_10.jpg]
The Mortgage Market Guide View... [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
5 Facebook Posts That Put You at Risk
Be sure you're not sharing too much information with friends, family and others online.
By Cameron Huddleston, Kiplinger.com<http://www.kiplinger.com>
There was a big outcry recently when it was revealed that personal data of Facebook users had been posted to a database open to everyone. (See Congress to Crack Down on Facebook<http://www.kiplinger.com/businessresource/forecast/archive/congress-to-crack-down-on-facebook.html>.) Facebook users, naturally, were concerned about their privacy.
Yet, every day Facebook and other social network users publish personal information that could put them at risk without thinking twice. "An awful lot of people think when they get online and communicate with their friends that they are invincible," says Adam Levin, chairman of Identity Theft 911. A seemingly benign post or piece of information could make you a target of identity thieves and traditional crooks. To protect yourself, here are five things you should avoid posting online.
1. Date of birth. Almost 60% of social networkers post their date of birth, according to a survey by Identity Theft 911. After all, most of us like to be wished a happy birthday. But resist the urge to post your complete birth date -- including the year -- on your Facebook profile just to get a lot of messages on your big day. This is valuable information for identity thieves. I know you're thinking only your friends see what you post. But if someone does a search for your name, that person will see your birth date if it's listed in your profile.
2. Child's date of birth. When you post "Happy Birthday to my sweet Susie, who turns 5 today," you're giving identity thieves valuable information about your child. When it comes to your kids, resist the urge to post any information about them (see Protect Your Kids From ID Theft<http://www.kiplinger.com/columns/kiptips/archives/protect-your-kids-from-id-theft.html>).
3. Travel plans. Surely you've seen Facebook posts like this: "We're going to the beach next week. Can't wait." In fact, you may be guilty of it yourself -- 18% of social network users post travel times, according to the Identity Theft 911 survey. Guess what? You've just extended an invitation for people to burglarize your home. Three men in New Hampshire burglarized more than 18 homes by checking Facebook status updates to see when people wouldn't be home (see Burglars Said to Have Picked Houses Based on Facebook Updates<http://bits.blogs.nytimes.com/2010/09/12/burglars-picked-houses-based-on-facebook-updates/>).
4. Address. If your address is on your profile AND you let people know when you're going out of town, well, you know where I'm going with this. Nonetheless, 21% of social network users post their address, according to the Identity Theft 911 Survey.
5. Mother's maiden name. It may seem like common sense not to post your mother's maiden name on a social networking site, but about 11% of the people who responded to the Identity Theft 911 survey said they did. Identity thieves will hit the jackpot if you reveal this bit of information online.
Not only should you avoid posting any of this information, but also you should fix your Facebook settings<http://www.kiplinger.com/magazine/archives/how-to-fix-your-facebook-settings.html> to control who sees what on your page. Use different passwords for social media sites than you use for financial sites, such as your bank or credit card site. Be careful about clicking on links on Facebook or similar sites because they could contain viruses that will secretly track your passwords, account numbers and other things.
Reprinted with permission. All Contents ©2010 The Kiplinger Washington Editors. www.kiplinger.com<http://www.kiplinger.com>.
--------------------------
Economic Calendar for the Week of October 18-22, 2010
Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
Economic Calendar for the Week of October 18 - October 22
Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. October 18
09:15
Industrial Production
Sept
0.3%
0.2%
Moderate
Mon. October 18
09:15
Capacity Utilization
Sept
75.0
74.7
Moderate
Tue. October 19
08:30
Housing Starts
Sept
585K
598K
Moderate
Tue. October 19
08:30
Building Permits
Sept
565K
569K
Moderate
Wed. October 20
02:00
Beige Book
Oct
Moderate
Thu. October 21
08:30
Jobless Claims (Initial)
10/16
455K
462K
Moderate
Thu. October 21
10:00
Index of Leading Econ Ind (LEI)
Sept
0.3%
0.3%
Low
Thu. October 21
10:00
Philadelphia Fed Index
Oct
0.2
-0.7
HIGH
[mmgwDisclosure]
The material contained in this newsletter has been prepared by an independent third-party provider. The content is provided for use by real estate, financial services and other professionals only and is not intended for consumer distribution. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.
As your trusted advisor, I am sending you the MMG WEEKLY because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you.
Mortgage Market Guide, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Market Guide, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.
[http://members.platinumpromarketing.com/web/images/web/ehlender.gif][http://members.platinumpromarketing.com/web/images/web/fdiclogo.gif]
[http://members.platinumpromarketing.com/tag.php?rs=%5bREPORTING_STRING%5d&urs=%5bCONTACT_STRING%5d]
Follow Me On: [http://www.allaboutnews.com/images/social_icons/Facebook.jpg] <http://www.facebook.com/pages/Virginia-Beach-VA/Deanes-Group/195118023289> [http://www.allaboutnews.com/images/social_icons/Twitter.jpg] <http://www.twitter.com/deanesgroup> [http://www.allaboutnews.com/images/social_icons/LinkedIn.jpg] <http://www.linkedin.com/in/edeanes> [http://www.allaboutnews.com/images/social_icons/YouTube.jpg] [http://www.allaboutnews.com/images/social_icons/PlatPlus.jpg] <http://www.allaboutnews.com/platinumvideos/edeanes>
[http://members.platinumpromarketing.com/web/images/web/CC0C00_mmg_weekly_header.jpg]
[http://members.platinumpromarketing.com/members/web/16644_photo.jpg]
Edward F. W. Deanes
Home Mortgage Consultant
Wells Fargo Home Mortgage
Phone: (757) 418-2064
Fax:: (866) 935-0661
edward.deanes@wellsfargo.com<mailto:edward.deanes@wellsfargo.com>
www.deanesgroup.com
[http://members.platinumpromarketing.com/members/web/16644_logo.jpg]
In This Issue [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
Last Week in Review: Quantitative Easing is heading our way, but when, why, what will it mean? Many questions remain...
Forecast for the Week: What kind of outlook will the economic reports of the week create?
View: 5 Facebook posts that put you at risk! Do you know what they are?
Last Week in Review [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
"EVERYTHING?S COMING OUR WAY..." Those words from Carlos Santana?s song come to mind following last week?s release of the Fed?s September Meeting Minutes, as well as a speech from Fed Chairman Ben Bernanke. The message was pretty clear - another round of Quantitative Easing (QE2) is coming our way! Remember that QE is the concept of the Fed becoming a buyer of Treasuries and Bonds, in a bid to keep interest rates low and therefore stimulate the economy. And while all the talk had Bonds behaving in a volatile fashion - ultimately causing home loan rates to worsen for the week overall - what was said specifically... and what does it mean?
First, let?s take a look at a few notes from the Fed Meeting Minutes: "Although participants considered it unlikely that the economy would re-enter a recession, many expressed concern that output growth, and the associated progress in reducing the level of unemployment, could be slow for some time." Stating that "many" Fed members expressed concern likely means that more voting Fed members are onboard with the concept of more QE.
Then there was this comment, which didn?t require much reading between the lines: "Many participants noted that if economic growth remained too slow to make satisfactory progress toward reducing the unemployment rate, or if inflation continued to come in below levels consistent with the FOMC's dual mandate, it would be appropriate to provide additional monetary policy accommodation." This is clearly telling the markets that the Fed will be stepping in with the money printing presses if the economy doesn't pick up. And with just a few weeks remaining before the next Fed Meeting, and recent economic reports being weak at best... rest assured, more QE is coming.
And this was underscored as Fed Chairman Ben Bernanke delivered a highly anticipated speech on Friday, also making a strong case in support of more Quantitative Easing. He stated "there would appear - all else being equal - to be a case for further action" and additionally, that the "FOMC is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation over time to levels consistent with our mandate."
OK - so it seems clear - more QE is coming. But is this a good thing?
In Bernanke?s comments on Friday, he noted that the Fed has much less experience in judging the economic effects of more QE versus their more traditional monetary policy actions - and said that this "makes it challenging to determine the appropriate quantity and pace of purchases and to communicate this policy response to the public." True - this amount of money-printing is unprecedented... and begs the question of if more QE really makes sense. The idea is to strengthen the economy by helping make interest rates lower... but the questions remain - will it work, and what consequences may result?
-----------------------
QE2 is Coming, But Questions of Its Effectiveness Still Remain
[http://www.mmgweekly.com/templates/mmgweekly/spe_chart/Top_Chart_10_18_10.jpg]
Interestingly enough - one result that is likely is that the US Dollar would weaken... and is already weakening following all the talk of QE. And remember, a weaker Dollar helps make our exports more attractive to foreign buyers, due to the weakened US currency making our products less expensive to purchase by foreigners. And while the government will never say it - as the US has been accusing China of very similar tactics - this Dollar devaluation may be exactly what the government has in mind.
Think about it... the "cover story" is all on how QE will help interest rates improve - but realistically, are slightly lower rates even what is truly needed to boost consumer demand and create jobs? Rates are pretty low as they stand right now...so why do more QE? Hmm... might just be to devalue the Dollar, and boost our economy through making our exports relatively cheaper for foreign buyers. And this is not a bad thing - but we have to be aware that while QE2 might provide an initial decline for interest rates - the devaluation of the Dollar will ultimately drive rates higher.
This story is far from over - so stay tuned as it continues to unfold in the coming weeks, I will be keeping you informed.
THE IMPACT OF QE2 ISN?T THE ONLY THING ON THE MINDS OF CONSUMERS THESE DAYS. A NUMBER OF PEOPLE ARE QUESTIONING THE RISKS OF SHARING INFORMATION ON SOCIAL NETWORKING SITES LIKE FACEBOOK ? AND FOR GOOD REASON. CHECK OUT THE MORTGAGE MARKET GUIDE VIEW BELOW FOR INFORMATION ABOUT 5 POSTS THAT COULD PUT YOU AT RISK!
Forecast for the Week [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
This week?s economic calendar brings us new insight into the health of the manufacturing and housing sectors of the economy. We?ll start off with reports on Capacity Utilization and Industrial Production on Monday. The capacity utilization rate provides an estimate of how much factory capacity is in use. If the utilization rate climbs too high it can lead to inflationary bottlenecks in production. The Federal Reserve watches this report closely and decides how to set interest rates on the basis of whether production constraints are threatening to cause inflation.
Tuesday brings us more housing news with the latest reports on Housing Starts and Building Permits for September. That news will be followed by the release of the Fed?s Beige Book on Wednesday. The Beige Book - which is officially known as the Survey on Current Economic Conditions - contains anecdotal information on the current economic and business conditions.
Thursday we?ll see another round of Initial Jobless Claims. In last week?s report, Initial Jobless Claims rose to 462,000, which was above the 450,000 that was expected. That was a disappointment, as it seems that the economy is unable to string together a couple of solid weeks with Jobless Claims below 450,000. Finally, the week wraps up on Friday with the Philadelphia Fed Index, which is one of the most important regional manufacturing indices.
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.
As you can see from the chart below, Mortgage Bonds experienced volatility last week, due in large part to the ongoing comments about Quantitative Easing.
-----------------------
Chart: Fannie Mae 3.5% Mortgage Bond (Friday, October 15, 2010)
[http://members.platinumpromarketing.com/mmgw/charts/Weekly_Chart_10_18_10.jpg]
The Mortgage Market Guide View... [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
5 Facebook Posts That Put You at Risk
Be sure you're not sharing too much information with friends, family and others online.
By Cameron Huddleston, Kiplinger.com<http://www.kiplinger.com>
There was a big outcry recently when it was revealed that personal data of Facebook users had been posted to a database open to everyone. (See Congress to Crack Down on Facebook<http://www.kiplinger.com/businessresource/forecast/archive/congress-to-crack-down-on-facebook.html>.) Facebook users, naturally, were concerned about their privacy.
Yet, every day Facebook and other social network users publish personal information that could put them at risk without thinking twice. "An awful lot of people think when they get online and communicate with their friends that they are invincible," says Adam Levin, chairman of Identity Theft 911. A seemingly benign post or piece of information could make you a target of identity thieves and traditional crooks. To protect yourself, here are five things you should avoid posting online.
1. Date of birth. Almost 60% of social networkers post their date of birth, according to a survey by Identity Theft 911. After all, most of us like to be wished a happy birthday. But resist the urge to post your complete birth date -- including the year -- on your Facebook profile just to get a lot of messages on your big day. This is valuable information for identity thieves. I know you're thinking only your friends see what you post. But if someone does a search for your name, that person will see your birth date if it's listed in your profile.
2. Child's date of birth. When you post "Happy Birthday to my sweet Susie, who turns 5 today," you're giving identity thieves valuable information about your child. When it comes to your kids, resist the urge to post any information about them (see Protect Your Kids From ID Theft<http://www.kiplinger.com/columns/kiptips/archives/protect-your-kids-from-id-theft.html>).
3. Travel plans. Surely you've seen Facebook posts like this: "We're going to the beach next week. Can't wait." In fact, you may be guilty of it yourself -- 18% of social network users post travel times, according to the Identity Theft 911 survey. Guess what? You've just extended an invitation for people to burglarize your home. Three men in New Hampshire burglarized more than 18 homes by checking Facebook status updates to see when people wouldn't be home (see Burglars Said to Have Picked Houses Based on Facebook Updates<http://bits.blogs.nytimes.com/2010/09/12/burglars-picked-houses-based-on-facebook-updates/>).
4. Address. If your address is on your profile AND you let people know when you're going out of town, well, you know where I'm going with this. Nonetheless, 21% of social network users post their address, according to the Identity Theft 911 Survey.
5. Mother's maiden name. It may seem like common sense not to post your mother's maiden name on a social networking site, but about 11% of the people who responded to the Identity Theft 911 survey said they did. Identity thieves will hit the jackpot if you reveal this bit of information online.
Not only should you avoid posting any of this information, but also you should fix your Facebook settings<http://www.kiplinger.com/magazine/archives/how-to-fix-your-facebook-settings.html> to control who sees what on your page. Use different passwords for social media sites than you use for financial sites, such as your bank or credit card site. Be careful about clicking on links on Facebook or similar sites because they could contain viruses that will secretly track your passwords, account numbers and other things.
Reprinted with permission. All Contents ©2010 The Kiplinger Washington Editors. www.kiplinger.com<http://www.kiplinger.com>.
--------------------------
Economic Calendar for the Week of October 18-22, 2010
Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
Economic Calendar for the Week of October 18 - October 22
Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. October 18
09:15
Industrial Production
Sept
0.3%
0.2%
Moderate
Mon. October 18
09:15
Capacity Utilization
Sept
75.0
74.7
Moderate
Tue. October 19
08:30
Housing Starts
Sept
585K
598K
Moderate
Tue. October 19
08:30
Building Permits
Sept
565K
569K
Moderate
Wed. October 20
02:00
Beige Book
Oct
Moderate
Thu. October 21
08:30
Jobless Claims (Initial)
10/16
455K
462K
Moderate
Thu. October 21
10:00
Index of Leading Econ Ind (LEI)
Sept
0.3%
0.3%
Low
Thu. October 21
10:00
Philadelphia Fed Index
Oct
0.2
-0.7
HIGH
[mmgwDisclosure]
The material contained in this newsletter has been prepared by an independent third-party provider. The content is provided for use by real estate, financial services and other professionals only and is not intended for consumer distribution. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.
As your trusted advisor, I am sending you the MMG WEEKLY because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you.
Mortgage Market Guide, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Market Guide, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.
[http://members.platinumpromarketing.com/web/images/web/ehlender.gif][http://members.platinumpromarketing.com/web/images/web/fdiclogo.gif]
[http://members.platinumpromarketing.com/tag.php?rs=%5bREPORTING_STRING%5d&urs=%5bCONTACT_STRING%5d]
Friday, October 15, 2010
MMG Weekly: To QE or not to QE, that is the question
[http://www.allaboutnews.com/img/invite_friend/envelope.gif]<http://[servername]/mmgw_invite_friend_form.php?username=%5binsertuser%5d> Send to a Friend <http://[servername]/mmgw_invite_friend_form.php?username=%5binsertuser%5d>
Follow Me On: [http://www.allaboutnews.com/images/social_icons/Facebook.jpg] <http://www.facebook.com/pages/Virginia-Beach-VA/Deanes-Group/195118023289> [http://www.allaboutnews.com/images/social_icons/Twitter.jpg] <http://www.twitter.com/deanesgroup> [http://www.allaboutnews.com/images/social_icons/LinkedIn.jpg] <http://www.linkedin.com/in/edeanes> [http://www.allaboutnews.com/images/social_icons/YouTube.jpg] [http://www.allaboutnews.com/images/social_icons/PlatPlus.jpg] <http://www.allaboutnews.com/platinumvideos/edeanes>
[http://members.platinumpromarketing.com/web/images/web/CC0C00_mmg_weekly_header.jpg]
[http://members.platinumpromarketing.com/members/web/16644_photo.jpg]
Edward F. W. Deanes
Home Mortgage Consultant
Wells Fargo Home Mortgage
Phone: (757) 418-2064
Fax:: (866) 935-0661
edward.deanes@wellsfargo.com<mailto:edward.deanes@wellsfargo.com>
www.deanesgroup.com
[http://members.platinumpromarketing.com/members/web/16644_logo.jpg]
In This Issue [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
Last Week in Review: The Fed faces a tough decision, but what could it mean for Bonds and home loan rates?
Forecast for the Week: This is a huge week, despite the limited number of reports due out... find out why.
View: Before you plan your next trip or a winter vacation, consider this surprising tip!
Last Week in Review [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
"I CAN NO LONGER STAND HERE WAITING FOR YOU TO DECIDE..." Those lyrics from the band Chicago's 1980's hit sum up the sentiments of many market analysts and traders after last week's back and forth statements from Fed officials about the possibility of another round of Quantitative Easing... otherwise known as "QE2".
As we stated last week, many analysts have been feeling that QE2 was very likely, if we continue to see weak economic reports. But comments made by a number of Fed officials throughout the week indicated that QE2 may still be up in the air. For example, Atlanta Federal Reserve President Dennis Lockhart stated, "there is growing sentiment that further accommodation through large asset purchases is coming... but at this point in time, it's not a foregone conclusion that we need to go there." Those comments were followed by other similar comments from other Fed officials, including Philadelphia Fed President Charles Plosser, who doesn't support any further Bond buying. Additionally, Boston Fed President Eric Rosengren said that monetary stimulus will depend on economic data, while Minnesota Fed President Narayana Kocherlakota says new asset buying would have a more muted impact than prior purchases. This would indicate that at least a few Fed members are hesitant about a big QE2 package.
On the flip side, however, New York Fed President William Dudley said on Friday that the Fed is almost certain to lend support through Quantitative Easing in order to ensure that a slowing economy does not fall further. He gave an example of how a $500 Billion purchase plan might impact interest rates, stating that it would have a similar impact to a Fed rate cut of .50 to .75%... and although this was just an example, the fact that he mentioned a specific number was not lost on Traders. Mr. Dudley went on to say that he feels a double dip recession is not an issue, but rather the focus is on how the economy can grow faster than its current pace.
Those comments are important because the markets figured that QE2 would be a lock, unless the Fed sees stronger-than-expected economic data before its November 3rd meeting... specifically, employment data. But last week the analysts and investors were faced with uncertainty around the issue and were left sifting through comments to try to predict what the Fed will do. And that uncertainty caused traders to shift money back out of Bonds at different times last week.
-----------------------
The Fed and Chairman Bernanke Face a Tough Decision with QE2
[http://www.mmgweekly.com/templates/mmgweekly/spe_chart/Top_Image_10_4_10.jpg]
But what would another round of Quantitative Easing mean to Bonds and home loan rates?
Let's break it down into four important aspects: (1) When would it happen? (2) How much money would it involve? (3) Why is this being contemplated? (4) And what does it mean to home loan rates?
First, as stated above, whether QE2 happens will be dependent upon the upcoming data releases. Many experts agree that if the Fed does make a move, it will most likely happen at the next Fed meeting, which is scheduled for November 3rd.
Second, the question of "how much" is still up in the air. As stated above, New York Fed President William Dudley gave an example of a $500 Billion purchase - but estimates are all over the board at this point, from $200 Billion to $2 Trillion. Yet the big question is whether QE2 will even do any good. Recently, former Fed Governor Larry Meyer felt that even $2 Trillion would hardly move the needle on GDP growth or reduce unemployment rates. In fact, he likens it to pushing on a string. Mr. Meyer's sentiments were also echoed last week by former Fed official Joe Gagnon, who estimated that the Fed is indeed likely to do at least $1 Trillion in additional QE, but that it would have little impact.
That brings us to the third question: Why even contemplate QE2? Think about this: a large round of QE2 would almost assuredly hurt the US Dollar. And by hurting the US Dollar, our exports become more affordable abroad, as well as making imports appear relatively more expensive. This helps large multi-national companies, which have a large influence on the economy, as well as the major Stock market indices. This could be the goal of the Fed. Ahh...but you can't outright say you are trying to weaken your currency. After all - haven't many members of Congress and the Administration been bashing China for currency manipulation? The US may be trying to do exactly what it has both denigrated and admonished other nations of doing.
In other words, even if QE2 didn't have a direct impact on the economy, the drop in currency value - which, if you've been paying attention to the Dollar-Euro relationship, has already been happening - would be very beneficial. But at what cost? While Stocks should benefit, Bonds may have a different reaction.
And that brings us to the heart of what you need to know: What would QE2 mean to Bonds and home loan rates?
If the Fed does go through with another round of Quantitative Easing, Bond prices should - initially - improve for two reasons. First, Bonds would likely improve due to the soft economic data causing QE2. Second, Bonds would improve simply because the announcement of QE2 would include large Bond purchases. The key word is "initially." That's because, even though Bonds would initially improve, the eventual softening of the Dollar, rising commodity prices, and rise in Stock prices could become a drag on Bonds, which would negatively impact home loan rates.
AS YOU CAN SEE FROM THIS DISCUSSION, THINGS AREN'T ALWAYS WHAT THEY SEEM. THE SAME IS TRUE FOR MANY FINANCIAL MATTERS. TAKE, FOR EXAMPLE, THE COST OF CHECKING YOUR LUGGAGE WHEN YOU FLY. CHECK OUT THE MORTGAGE MARKET GUIDE VIEW BELOW FOR SOME SURPRISING INFORMATION ON HOW YOU CAN SEND YOUR LUGGAGE FOR LESS!
Forecast for the Week [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
This week's economic calendar may be light in terms of the number of reports, but don't let that fool you for one second. The reports that are due out may have a huge impact not only on the economy this week, but also on decisions that will shape the economy for months to come.
We'll start off with an update on the health of the housing industry, with the Pending Home Sales report on Monday morning. After that, things start to heat up with the ADP National Employment Index on Wednesday and Initial Jobless Claims on Thursday. But the big enchilada comes on Friday, when the all-important Jobs Report will be released. This report includes official labor statistics on non-farm payrolls and the unemployment rate, as well as average hourly earnings and changes in the average work week.
These reports on employment are always important, but they take on even more significance in the current climate. That's because the question of whether the Fed will move forward with another round of Quantitative Easing as we've been discussing, depends heavily on the employment data that is released before the Fed's upcoming meeting on November 3rd. And since the release of the November Jobs Report on October data is due out November 5th - two days after the Fed meeting - this coming Friday's report is the last chance for the Fed members to see the official labor statistics before they meet to discuss QE2 and other financial policies.
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. As you can see from the chart below, Mortgage Bonds experienced some volatility throughout last week. Overall, Bonds and home loan rates ended the week worse than where they began, despite the volatility.
With home loan rates still at historically good levels, homebuyers - and homeowners looking to refinance - still have a tremendous opportunity. But it won't last forever... which means now is a good time to act.
-----------------------
Chart: Fannie Mae 3.5% Mortgage Bond (Friday, October 1, 2010)
[http://members.platinumpromarketing.com/mmgw/charts/Weekly_Chart_10_4_10.jpg]
The Mortgage Market Guide View... [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
Save Money by Shipping Your Luggage
You may spend less by using a shipping company - rather than the airlines - to get your bags to your destination.
By Cameron Huddleston, Kiplinger.com<http://www.Kiplinger.com>
You may be able to save money by shipping your luggage rather than checking it in the next time you fly. The idea might sound absurd. But if you do the math - as Airfarewatchdog.com has done for you in this chart<http://www.airfarewatchdog.com/blog/4152043/shipping-vs-checking-which-would-you-rather-do/> - you'll see that it would cost you less in some cases to send your bags to your destination by FedEx, UPS or U.S. Postal Service ground shipping.
Passengers who have luggage that exceeds airlines' size and weight limits will score the biggest savings. They'll spend about $50 less by shipping one overweight suitcase than checking it in - and up to $200 by shipping two overweight bags.
Even if the cost is the same for shipping and checking bags, you get so much more from FedEx and UPS, says Airfarewatchdog.com founder George Hobica, who ships his luggage. They have better delivery records than the airlines, they provide tracking numbers so you can follow your shipment online and they let you insure items that the airlines don't, he says. Plus, you're more likely to get a refund from a shipping company than an airline if your luggage is damaged or lost.
Another benefit: You won't have to wait in long lines at the airport to check your bags. And if you have small children, you'll be a lot less stressed if you don't have to lug your kids and luggage from the parking lot to the terminal.
The key is to ship your luggage a few days BEFORE your flight so that it arrives at your destination when you do. If you're visiting a relative, the shipping logistics are easy. But if you're going to be staying in a hotel or condo, you should consider having the shipping company hold your items so you can pick them up. Otherwise, you might have to pay a fee to have the hotel or rental office hold your luggage until you arrive.
Reprinted with permission. All Contents c2010 The Kiplinger Washington Editors. www.kiplinger.com<http://www.Kiplinger.com>.
--------------------------
Economic Calendar for the Week of October 4-8, 2010
Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
Economic Calendar for the Week of October 04 - October 08
Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. October 04
10:00
Pending Home Sales
Aug
1.0%
5.2%
Moderate
Tue. October 05
08:15
ISM Services Index
Sept
51.8
51.5
Moderate
Wed. October 06
08:15
ADP National Employment Report
Sept
18K
-10K
HIGH
Thu. October 07
01:00
Jobless Claims (Initial)
10/02
455K
453K
Moderate
Fri. October 08
08:30
Non-farm Payrolls
Sept
0
-54K
HIGH
Fri. October 08
08:30
Unemployment Rate
Sept
9.7%
9.6%
HIGH
Fri. October 08
08:30
Hourly Earnings
Sept
0.1%
0.3%
HIGH
Fri. October 08
08:30
Average Work Week
Sept
34.2
34.2
HIGH
The material contained in this newsletter has been prepared by an independent third-party provider. The content is provided for use by real estate, financial services and other professionals only and is not intended for consumer distribution. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.
As your trusted advisor, I am sending you the MMG WEEKLY because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you.
Mortgage Market Guide, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Market Guide, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.
[http://members.platinumpromarketing.com/web/images/web/ehlender.gif][http://members.platinumpromarketing.com/web/images/web/fdiclogo.gif]
[http://members.platinumpromarketing.com/tag.php?rs=%5bREPORTING_STRING%5d&urs=%5bCONTACT_STRING%5d]
Follow Me On: [http://www.allaboutnews.com/images/social_icons/Facebook.jpg] <http://www.facebook.com/pages/Virginia-Beach-VA/Deanes-Group/195118023289> [http://www.allaboutnews.com/images/social_icons/Twitter.jpg] <http://www.twitter.com/deanesgroup> [http://www.allaboutnews.com/images/social_icons/LinkedIn.jpg] <http://www.linkedin.com/in/edeanes> [http://www.allaboutnews.com/images/social_icons/YouTube.jpg] [http://www.allaboutnews.com/images/social_icons/PlatPlus.jpg] <http://www.allaboutnews.com/platinumvideos/edeanes>
[http://members.platinumpromarketing.com/web/images/web/CC0C00_mmg_weekly_header.jpg]
[http://members.platinumpromarketing.com/members/web/16644_photo.jpg]
Edward F. W. Deanes
Home Mortgage Consultant
Wells Fargo Home Mortgage
Phone: (757) 418-2064
Fax:: (866) 935-0661
edward.deanes@wellsfargo.com<mailto:edward.deanes@wellsfargo.com>
www.deanesgroup.com
[http://members.platinumpromarketing.com/members/web/16644_logo.jpg]
In This Issue [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
Last Week in Review: The Fed faces a tough decision, but what could it mean for Bonds and home loan rates?
Forecast for the Week: This is a huge week, despite the limited number of reports due out... find out why.
View: Before you plan your next trip or a winter vacation, consider this surprising tip!
Last Week in Review [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
"I CAN NO LONGER STAND HERE WAITING FOR YOU TO DECIDE..." Those lyrics from the band Chicago's 1980's hit sum up the sentiments of many market analysts and traders after last week's back and forth statements from Fed officials about the possibility of another round of Quantitative Easing... otherwise known as "QE2".
As we stated last week, many analysts have been feeling that QE2 was very likely, if we continue to see weak economic reports. But comments made by a number of Fed officials throughout the week indicated that QE2 may still be up in the air. For example, Atlanta Federal Reserve President Dennis Lockhart stated, "there is growing sentiment that further accommodation through large asset purchases is coming... but at this point in time, it's not a foregone conclusion that we need to go there." Those comments were followed by other similar comments from other Fed officials, including Philadelphia Fed President Charles Plosser, who doesn't support any further Bond buying. Additionally, Boston Fed President Eric Rosengren said that monetary stimulus will depend on economic data, while Minnesota Fed President Narayana Kocherlakota says new asset buying would have a more muted impact than prior purchases. This would indicate that at least a few Fed members are hesitant about a big QE2 package.
On the flip side, however, New York Fed President William Dudley said on Friday that the Fed is almost certain to lend support through Quantitative Easing in order to ensure that a slowing economy does not fall further. He gave an example of how a $500 Billion purchase plan might impact interest rates, stating that it would have a similar impact to a Fed rate cut of .50 to .75%... and although this was just an example, the fact that he mentioned a specific number was not lost on Traders. Mr. Dudley went on to say that he feels a double dip recession is not an issue, but rather the focus is on how the economy can grow faster than its current pace.
Those comments are important because the markets figured that QE2 would be a lock, unless the Fed sees stronger-than-expected economic data before its November 3rd meeting... specifically, employment data. But last week the analysts and investors were faced with uncertainty around the issue and were left sifting through comments to try to predict what the Fed will do. And that uncertainty caused traders to shift money back out of Bonds at different times last week.
-----------------------
The Fed and Chairman Bernanke Face a Tough Decision with QE2
[http://www.mmgweekly.com/templates/mmgweekly/spe_chart/Top_Image_10_4_10.jpg]
But what would another round of Quantitative Easing mean to Bonds and home loan rates?
Let's break it down into four important aspects: (1) When would it happen? (2) How much money would it involve? (3) Why is this being contemplated? (4) And what does it mean to home loan rates?
First, as stated above, whether QE2 happens will be dependent upon the upcoming data releases. Many experts agree that if the Fed does make a move, it will most likely happen at the next Fed meeting, which is scheduled for November 3rd.
Second, the question of "how much" is still up in the air. As stated above, New York Fed President William Dudley gave an example of a $500 Billion purchase - but estimates are all over the board at this point, from $200 Billion to $2 Trillion. Yet the big question is whether QE2 will even do any good. Recently, former Fed Governor Larry Meyer felt that even $2 Trillion would hardly move the needle on GDP growth or reduce unemployment rates. In fact, he likens it to pushing on a string. Mr. Meyer's sentiments were also echoed last week by former Fed official Joe Gagnon, who estimated that the Fed is indeed likely to do at least $1 Trillion in additional QE, but that it would have little impact.
That brings us to the third question: Why even contemplate QE2? Think about this: a large round of QE2 would almost assuredly hurt the US Dollar. And by hurting the US Dollar, our exports become more affordable abroad, as well as making imports appear relatively more expensive. This helps large multi-national companies, which have a large influence on the economy, as well as the major Stock market indices. This could be the goal of the Fed. Ahh...but you can't outright say you are trying to weaken your currency. After all - haven't many members of Congress and the Administration been bashing China for currency manipulation? The US may be trying to do exactly what it has both denigrated and admonished other nations of doing.
In other words, even if QE2 didn't have a direct impact on the economy, the drop in currency value - which, if you've been paying attention to the Dollar-Euro relationship, has already been happening - would be very beneficial. But at what cost? While Stocks should benefit, Bonds may have a different reaction.
And that brings us to the heart of what you need to know: What would QE2 mean to Bonds and home loan rates?
If the Fed does go through with another round of Quantitative Easing, Bond prices should - initially - improve for two reasons. First, Bonds would likely improve due to the soft economic data causing QE2. Second, Bonds would improve simply because the announcement of QE2 would include large Bond purchases. The key word is "initially." That's because, even though Bonds would initially improve, the eventual softening of the Dollar, rising commodity prices, and rise in Stock prices could become a drag on Bonds, which would negatively impact home loan rates.
AS YOU CAN SEE FROM THIS DISCUSSION, THINGS AREN'T ALWAYS WHAT THEY SEEM. THE SAME IS TRUE FOR MANY FINANCIAL MATTERS. TAKE, FOR EXAMPLE, THE COST OF CHECKING YOUR LUGGAGE WHEN YOU FLY. CHECK OUT THE MORTGAGE MARKET GUIDE VIEW BELOW FOR SOME SURPRISING INFORMATION ON HOW YOU CAN SEND YOUR LUGGAGE FOR LESS!
Forecast for the Week [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
This week's economic calendar may be light in terms of the number of reports, but don't let that fool you for one second. The reports that are due out may have a huge impact not only on the economy this week, but also on decisions that will shape the economy for months to come.
We'll start off with an update on the health of the housing industry, with the Pending Home Sales report on Monday morning. After that, things start to heat up with the ADP National Employment Index on Wednesday and Initial Jobless Claims on Thursday. But the big enchilada comes on Friday, when the all-important Jobs Report will be released. This report includes official labor statistics on non-farm payrolls and the unemployment rate, as well as average hourly earnings and changes in the average work week.
These reports on employment are always important, but they take on even more significance in the current climate. That's because the question of whether the Fed will move forward with another round of Quantitative Easing as we've been discussing, depends heavily on the employment data that is released before the Fed's upcoming meeting on November 3rd. And since the release of the November Jobs Report on October data is due out November 5th - two days after the Fed meeting - this coming Friday's report is the last chance for the Fed members to see the official labor statistics before they meet to discuss QE2 and other financial policies.
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result. As you can see from the chart below, Mortgage Bonds experienced some volatility throughout last week. Overall, Bonds and home loan rates ended the week worse than where they began, despite the volatility.
With home loan rates still at historically good levels, homebuyers - and homeowners looking to refinance - still have a tremendous opportunity. But it won't last forever... which means now is a good time to act.
-----------------------
Chart: Fannie Mae 3.5% Mortgage Bond (Friday, October 1, 2010)
[http://members.platinumpromarketing.com/mmgw/charts/Weekly_Chart_10_4_10.jpg]
The Mortgage Market Guide View... [http://www.mmgweekly.com/templates/images/weekly/sym_arrow.gif]
Save Money by Shipping Your Luggage
You may spend less by using a shipping company - rather than the airlines - to get your bags to your destination.
By Cameron Huddleston, Kiplinger.com<http://www.Kiplinger.com>
You may be able to save money by shipping your luggage rather than checking it in the next time you fly. The idea might sound absurd. But if you do the math - as Airfarewatchdog.com has done for you in this chart<http://www.airfarewatchdog.com/blog/4152043/shipping-vs-checking-which-would-you-rather-do/> - you'll see that it would cost you less in some cases to send your bags to your destination by FedEx, UPS or U.S. Postal Service ground shipping.
Passengers who have luggage that exceeds airlines' size and weight limits will score the biggest savings. They'll spend about $50 less by shipping one overweight suitcase than checking it in - and up to $200 by shipping two overweight bags.
Even if the cost is the same for shipping and checking bags, you get so much more from FedEx and UPS, says Airfarewatchdog.com founder George Hobica, who ships his luggage. They have better delivery records than the airlines, they provide tracking numbers so you can follow your shipment online and they let you insure items that the airlines don't, he says. Plus, you're more likely to get a refund from a shipping company than an airline if your luggage is damaged or lost.
Another benefit: You won't have to wait in long lines at the airport to check your bags. And if you have small children, you'll be a lot less stressed if you don't have to lug your kids and luggage from the parking lot to the terminal.
The key is to ship your luggage a few days BEFORE your flight so that it arrives at your destination when you do. If you're visiting a relative, the shipping logistics are easy. But if you're going to be staying in a hotel or condo, you should consider having the shipping company hold your items so you can pick them up. Otherwise, you might have to pay a fee to have the hotel or rental office hold your luggage until you arrive.
Reprinted with permission. All Contents c2010 The Kiplinger Washington Editors. www.kiplinger.com<http://www.Kiplinger.com>.
--------------------------
Economic Calendar for the Week of October 4-8, 2010
Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
Economic Calendar for the Week of October 04 - October 08
Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Mon. October 04
10:00
Pending Home Sales
Aug
1.0%
5.2%
Moderate
Tue. October 05
08:15
ISM Services Index
Sept
51.8
51.5
Moderate
Wed. October 06
08:15
ADP National Employment Report
Sept
18K
-10K
HIGH
Thu. October 07
01:00
Jobless Claims (Initial)
10/02
455K
453K
Moderate
Fri. October 08
08:30
Non-farm Payrolls
Sept
0
-54K
HIGH
Fri. October 08
08:30
Unemployment Rate
Sept
9.7%
9.6%
HIGH
Fri. October 08
08:30
Hourly Earnings
Sept
0.1%
0.3%
HIGH
Fri. October 08
08:30
Average Work Week
Sept
34.2
34.2
HIGH
The material contained in this newsletter has been prepared by an independent third-party provider. The content is provided for use by real estate, financial services and other professionals only and is not intended for consumer distribution. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.
As your trusted advisor, I am sending you the MMG WEEKLY because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you.
Mortgage Market Guide, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Market Guide, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.
[http://members.platinumpromarketing.com/web/images/web/ehlender.gif][http://members.platinumpromarketing.com/web/images/web/fdiclogo.gif]
[http://members.platinumpromarketing.com/tag.php?rs=%5bREPORTING_STRING%5d&urs=%5bCONTACT_STRING%5d]
Tuesday, October 12, 2010
YOU Magazine: Are you missing out on these budgeting tricks?
Follow Me On: [http://www.allaboutnews.com/images/social_icons/Facebook.jpg] <http://www.facebook.com/pages/Virginia-Beach-VA/Deanes-Group/195118023289> [http://www.allaboutnews.com/images/social_icons/Twitter.jpg] <http://www.twitter.com/deanesgroup> [http://www.allaboutnews.com/images/social_icons/LinkedIn.jpg] <http://www.linkedin.com/in/edeanes> [http://www.allaboutnews.com/images/social_icons/YouTube.jpg] <http://www.youtube.com/edeanes> [http://www.allaboutnews.com/images/social_icons/PlatPlus.jpg] <http://www.allaboutnews.com/platinumvideos/edeanes> [http://www.allaboutnews.com/images/social_icons/Web.jpg] <http://deanesgroup.blogspot.com>
[http://www.allaboutnews.com/images/CC0C00_unlheader.jpg]<http://www.allaboutnews.com/vc.php?a=f&b=61&u=edeanes>
[http://www.allaboutnews.com/members/web/16644_photo.jpg]
Edward F. W. Deanes
Home Mortgage Consultant
Wells Fargo Home Mortgage
Phone: (757) 418-2064
Fax: (866) 935-0661
edward.deanes@wellsfargo.com<mailto:edward.deanes@wellsfargo.com>
www.deanesgroup.com<http://www.deanesgroup.com>
[http://www.allaboutnews.com/members/web/16644_logo.jpg]
[http://www.allaboutnews.com/images/CC0C00_navbarbg.jpg]
[http://www.allaboutnews.com/images/CC0C00_nav_mortgage.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=411&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_nav_finances.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=407&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_nav_body.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=410&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_nav_home.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=409&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_nav_success.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=408&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_nav_kitchen.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=406&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_navbarbg.jpg]
October 2010
[http://www.allaboutnews.com/unl_content/sidebar_459.jpg]
[http://www.allaboutnews.com/images/CC0C00_archivetop.jpg]
September 2010<http://www.allaboutnews.com/vc.php?a=y&b=60&u=edeanes>
August 2010<http://www.allaboutnews.com/vc.php?a=y&b=59&u=edeanes>
July 2010<http://www.allaboutnews.com/vc.php?a=y&b=58&u=edeanes>
June 2010<http://www.allaboutnews.com/vc.php?a=y&b=57&u=edeanes>
May 2010<http://www.allaboutnews.com/vc.php?a=y&b=56&u=edeanes>
April 2010<http://www.allaboutnews.com/vc.php?a=y&b=55&u=edeanes>
Tick Tock Tick Tock
It's Time for a Home Loan Check Up<http://www.allaboutnews.com/vc.php?a=y&b=61&i=411&u=edeanes>
The say that home is where the heart is. Yet do you know that a mortgage is the heart of every good financial plan? Making sure you've got the right one can save tens of thousands of dollars, along with creating wealth and financial health for your family. And with home loan rates near historic lows, now is the perfect time for a home loan check up.
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=411&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_411.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=411&u=edeanes>
[http://www.allaboutnews.com/images/dots.gif]
Budgeting for the Holidays
It's Never Too Early to Start<http://www.allaboutnews.com/vc.php?a=y&b=61&i=407&u=edeanes>
For some, merely reading the title of this article may provoke an uneasy feeling in the pit of their stomachs. For others, it may elicit a response such as, "The holidays? It's only October." If you identify with the former, we'd like to suggest a mild antacid. If you relate to the latter statement, we're about to provide a mild reality check.
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=407&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_407.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=407&u=edeanes>
[http://www.allaboutnews.com/images/dots.gif]
Beat the Sugar Habit
3 Steps to Cut Sweets (Mostly) Out of Your Life
By Ingo Logé, PhD, CCN and Nutritional Life Coach<http://www.allaboutnews.com/vc.php?a=y&b=61&i=410&u=edeanes>
Sugar, sugar, sugar. It's everywhere. It's in our drinks, it's in our foods, and it's hidden in places we would never consider. Many people turn to sugar when they need an energy boost, but you shouldn't be fooled into thinking sugar is your friend. In fact, sugar could turn out to be your worst enemy in disguise.
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=410&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_410.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=410&u=edeanes>
[http://www.allaboutnews.com/images/dots.gif]
Everything You Need to Know About Replacement Windows
By Pat Mertz Esswein, Kiplinger.com<http://www.allaboutnews.com/vc.php?a=y&b=61&i=409&u=edeanes>
If your windows on the world no longer enhance the facade of your house, shield it from the elements or filter out noise, there is no better time to update them. Retailers whose business withered as homeowners stopped spending on big home-improvement projects are ready to deal – and anxious to keep their installation crews working.
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=409&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_409.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=409&u=edeanes>
[http://www.allaboutnews.com/images/dots.gif]
The Compound Effect
Multiplying Your Success One Simple Step at a Time
By Darren Hardy, Publisher and Editorial Director, SUCCESS Magazine <http://www.allaboutnews.com/vc.php?a=y&b=61&i=408&u=edeanes>
If you've ever heard the story of the tortoise and the hare, you know the expression, "Slow and steady wins the race." Ladies and gentlemen, I'm the tortoise.
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=408&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_408.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=408&u=edeanes>
[http://www.allaboutnews.com/images/dots.gif]
Are You Ready for Some Football Party Food?
Game Day Snacks to Enjoy
By Kirk Leins<http://www.allaboutnews.com/vc.php?a=y&b=61&i=406&u=edeanes>
Football season is in full swing, which means fans across the country are spending their Sundays cheering on their favorite teams. And what better complement to this game day fun than game day snacks that are not only easy to make, they're also delicious!
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=406&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_406.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=406&u=edeanes>
[http://www.allaboutnews.com/web/images/web/ehlender.gif]Licensed Loan Officer - Licensed Real Estate Agent - This information is accurate as of the date posted and is subject to change without notice. All of the views and comments are mine and do not represent Wells Fargo.
[http://www.allaboutnews.com/web/images/web/fdiclogo.gif]You are receiving a complimentary subscription to YOU Magazine as a result of your ongoing business relationship with Edward F. W. Deanes. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials.
INVITE A FRIEND to receive YOU Magazine. Please feel free to invite your friends and colleagues to subscribe<http://www.allaboutnews.com/vc.php?a=f&b=61&u=edeanes>.
SUBSCRIBE to YOU Magazine. If you received this message from a friend, you can subscribe online<http://www.dbnurture.com/optin.php?u=edeanes>.
Edward F. W. Deanes
Wells Fargo Home Mortgage
4456 Corporation Lane, Suite 100
Virginia Beach, VA 23462
Powered by DB Nurture<http://www.dbnurture.com>
© Copyright 2010. All About News, Inc.
[http://www.allaboutnews.com/images/CC0C00_unlheader.jpg]<http://www.allaboutnews.com/vc.php?a=f&b=61&u=edeanes>
[http://www.allaboutnews.com/members/web/16644_photo.jpg]
Edward F. W. Deanes
Home Mortgage Consultant
Wells Fargo Home Mortgage
Phone: (757) 418-2064
Fax: (866) 935-0661
edward.deanes@wellsfargo.com<mailto:edward.deanes@wellsfargo.com>
www.deanesgroup.com<http://www.deanesgroup.com>
[http://www.allaboutnews.com/members/web/16644_logo.jpg]
[http://www.allaboutnews.com/images/CC0C00_navbarbg.jpg]
[http://www.allaboutnews.com/images/CC0C00_nav_mortgage.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=411&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_nav_finances.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=407&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_nav_body.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=410&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_nav_home.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=409&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_nav_success.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=408&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_nav_kitchen.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=406&u=edeanes>
[http://www.allaboutnews.com/images/CC0C00_navbarbg.jpg]
October 2010
[http://www.allaboutnews.com/unl_content/sidebar_459.jpg]
[http://www.allaboutnews.com/images/CC0C00_archivetop.jpg]
September 2010<http://www.allaboutnews.com/vc.php?a=y&b=60&u=edeanes>
August 2010<http://www.allaboutnews.com/vc.php?a=y&b=59&u=edeanes>
July 2010<http://www.allaboutnews.com/vc.php?a=y&b=58&u=edeanes>
June 2010<http://www.allaboutnews.com/vc.php?a=y&b=57&u=edeanes>
May 2010<http://www.allaboutnews.com/vc.php?a=y&b=56&u=edeanes>
April 2010<http://www.allaboutnews.com/vc.php?a=y&b=55&u=edeanes>
Tick Tock Tick Tock
It's Time for a Home Loan Check Up<http://www.allaboutnews.com/vc.php?a=y&b=61&i=411&u=edeanes>
The say that home is where the heart is. Yet do you know that a mortgage is the heart of every good financial plan? Making sure you've got the right one can save tens of thousands of dollars, along with creating wealth and financial health for your family. And with home loan rates near historic lows, now is the perfect time for a home loan check up.
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=411&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_411.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=411&u=edeanes>
[http://www.allaboutnews.com/images/dots.gif]
Budgeting for the Holidays
It's Never Too Early to Start<http://www.allaboutnews.com/vc.php?a=y&b=61&i=407&u=edeanes>
For some, merely reading the title of this article may provoke an uneasy feeling in the pit of their stomachs. For others, it may elicit a response such as, "The holidays? It's only October." If you identify with the former, we'd like to suggest a mild antacid. If you relate to the latter statement, we're about to provide a mild reality check.
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=407&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_407.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=407&u=edeanes>
[http://www.allaboutnews.com/images/dots.gif]
Beat the Sugar Habit
3 Steps to Cut Sweets (Mostly) Out of Your Life
By Ingo Logé, PhD, CCN and Nutritional Life Coach<http://www.allaboutnews.com/vc.php?a=y&b=61&i=410&u=edeanes>
Sugar, sugar, sugar. It's everywhere. It's in our drinks, it's in our foods, and it's hidden in places we would never consider. Many people turn to sugar when they need an energy boost, but you shouldn't be fooled into thinking sugar is your friend. In fact, sugar could turn out to be your worst enemy in disguise.
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=410&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_410.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=410&u=edeanes>
[http://www.allaboutnews.com/images/dots.gif]
Everything You Need to Know About Replacement Windows
By Pat Mertz Esswein, Kiplinger.com<http://www.allaboutnews.com/vc.php?a=y&b=61&i=409&u=edeanes>
If your windows on the world no longer enhance the facade of your house, shield it from the elements or filter out noise, there is no better time to update them. Retailers whose business withered as homeowners stopped spending on big home-improvement projects are ready to deal – and anxious to keep their installation crews working.
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=409&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_409.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=409&u=edeanes>
[http://www.allaboutnews.com/images/dots.gif]
The Compound Effect
Multiplying Your Success One Simple Step at a Time
By Darren Hardy, Publisher and Editorial Director, SUCCESS Magazine <http://www.allaboutnews.com/vc.php?a=y&b=61&i=408&u=edeanes>
If you've ever heard the story of the tortoise and the hare, you know the expression, "Slow and steady wins the race." Ladies and gentlemen, I'm the tortoise.
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=408&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_408.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=408&u=edeanes>
[http://www.allaboutnews.com/images/dots.gif]
Are You Ready for Some Football Party Food?
Game Day Snacks to Enjoy
By Kirk Leins<http://www.allaboutnews.com/vc.php?a=y&b=61&i=406&u=edeanes>
Football season is in full swing, which means fans across the country are spending their Sundays cheering on their favorite teams. And what better complement to this game day fun than game day snacks that are not only easy to make, they're also delicious!
Keep Reading »<http://www.allaboutnews.com/vc.php?a=y&b=61&i=406&u=edeanes>
[http://www.allaboutnews.com/unl_content/thumb_406.jpg]<http://www.allaboutnews.com/vc.php?a=y&b=61&i=406&u=edeanes>
[http://www.allaboutnews.com/web/images/web/ehlender.gif]Licensed Loan Officer - Licensed Real Estate Agent - This information is accurate as of the date posted and is subject to change without notice. All of the views and comments are mine and do not represent Wells Fargo.
[http://www.allaboutnews.com/web/images/web/fdiclogo.gif]You are receiving a complimentary subscription to YOU Magazine as a result of your ongoing business relationship with Edward F. W. Deanes. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials.
INVITE A FRIEND to receive YOU Magazine. Please feel free to invite your friends and colleagues to subscribe<http://www.allaboutnews.com/vc.php?a=f&b=61&u=edeanes>.
SUBSCRIBE to YOU Magazine. If you received this message from a friend, you can subscribe online<http://www.dbnurture.com/optin.php?u=edeanes>.
Edward F. W. Deanes
Wells Fargo Home Mortgage
4456 Corporation Lane, Suite 100
Virginia Beach, VA 23462
Powered by DB Nurture<http://www.dbnurture.com>
© Copyright 2010. All About News, Inc.
Subscribe to:
Posts (Atom)
About Me
- Deanes Group
- My goal is to provide you with premium service. When you need an answer, we are here to help. I spend 90% of my time finding mortgages to fit my client's needs, qualifying buyers and contacting my clients for potential savings. My competent and professional staff handles all the dayto- day tasks. During regular business hours, please call my team, if they don't know the answer- they will find it! I am a licensed Loan Officer who has been in the mortgage industry for over 9 years. I am also a Certified Mortgage Planner which unlike a traditional loan officer; a mortgage planners role is to help you integrate the loan you select into your overall long and short-term financial and investment plans, to minimize taxes and interest expense and improve cash flow. I have a Real Estate License; not to practice real estate, but so I can better understand the market and look out for my client’s best interests. I am also a homeowner and real estate investor.
![http://members.platinumpromarketing.com/web/images/web/ehlender.gif][http://members.platinumpromarketing.com/web/images/web/fdiclogo.gif](http://members.platinumpromarketing.com/web/images/web/ehlender.gif][http://members.platinumpromarketing.com/web/images/web/fdiclogo.gif){kind=link}
![http://www.allaboutnews.com/web/images/web/ehlender.gif]Licensed](http://www.allaboutnews.com/web/images/web/ehlender.gif]Licensed){kind=link}
![http://www.allaboutnews.com/web/images/web/fdiclogo.gif]You](http://www.allaboutnews.com/web/images/web/fdiclogo.gif]You){kind=link}