Merry Christmas!

I wanted to take a moment to wish each and every one of you a very Merry Christmas! We are so thankful to have so many clients and friends who make our job so enjoyable. Each of you are a blessing and we are so grateful. I hope this week brings you lots of time with family and friends and memories to last a lifetime. We look forward to a great 2009!

(By the way I am continuing to strive for Realtor of the year since I'm clearly not getting Mother of the year since I drug my family out in 30 degree weather to attempt to get a Christmas card picture. This is the best we got--- can you see my two guys shivering and my little one giving me a face saying I must be crazy if I think she's even going to crack a smile!)

Market Comment - Week of December 22nd, 2008

Mortgage bond prices rose last week, which helped mortgage interest rates improve, but only slightly. We saw a huge rally following the Fed rate cut Tuesday. Unfortunately the gains were short-lived and most were erased the following day. Trading remained volatile throughout the remainder of the week. The White House stepped in to help the troubled auto industry Friday, which sent stocks higher that morning at the expense of mortgage and Treasury bonds. For the week, interest rates on government and conventional loans fell by about 1/8 to 1/4 of a discount point. The Treasury auctions will set the tone for trading this week. Foreign demand for dollar denominated assets will be the focus. The bond market will close early Wednesday ahead of the Christmas holiday Thursday. Trading will resume Friday. This shortened trading week may lead to mortgage interest rate volatility.

Economic Factors this week:

2-year Treasury Note Auction
Monday, Dec. 22, 2008
Consensus Estimate: None
Analysis: Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.

Q3 GDP final revision
Tuesday, Dec. 23, 2008
Consensus Estimate: Down 0.5%
Analysis: Important. The aggregate measure of US economic production. A larger decrease may lead to lower rates.

Existing Home Sales
Tuesday, Dec. 23, 2008
Consensus Estimate: Down 1.0%
Analysis: Low importance. An indication of mortgage credit demand. A significant decrease may lead to lower rates.

U of Michigan Consumer Sentiment
Tuesday, Dec. 23, 2008
Consensus Estimate: None
Analysis: Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

New Home Sales
Tuesday, Dec. 23, 2008
Consensus Estimate: Down 3.0%
Analysis: Important. An indication of economic strength and credit demand. A decrease may lead to lower rates.

5-year Treasury Note Auction
Tuesday, Dec. 23, 2008
Consensus Estimate: None
Analysis: Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.

Durable Goods Orders
Wednesday, Dec. 24, 2008
Consensus Estimate: Down 3.1%
Analysis: Important. An indication of the demand for "big ticket" items. Weakness may lead to lower rates.

Personal Income and Outlays
Wednesday, Dec. 24, 2008
Consensus Estimate: Income unchanged, Outlays down 0.8%
Analysis: Important. A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates.

Revised GDP

The Gross Domestic Product (GDP) is one the most important reports during any given quarter. GDP is a measure of US economic output and spending. The report is significant in that it provides investors, analysts, traders, and economists with a comprehensive report of the direction of the economy. In addition, it also influences the decisions of Federal Reserve policy makers, Congressional budget employees, and corporate financial planners. GDP is the sum total of goods and services produced by the United States. The four major components of the GDP release are consumption, investment, government purchases, and net exports. The initial report is often based on incomplete data. Therefore, additional revisions are released over the following two months. There are often substantial differences between the initial release and the revisions. The mortgage-backed security market generally responds favorably to weaker GDP growth. The revised third quarter gross domestic product data this week has the potential to move mortgage bond prices, especially amid the thin trading that is likely

Holiday Fun Facts

(Enjoy this fun facts courtesy of Martha Stewart's latest issue!)

MISTLETOE has long been valued for more that its ability to elicit kisses. The ancient Celts believed the plant had medicinal uses, including the power to heal injuries and boost fertility.

14 - The number of Social Security cards issed with the name Santa Claus since 1900, according to the Social Security Administration


"JINGLE BELLS" was originally composed to celebrate Thanksgiving. Weitten in 1857 by American songwriter James Pierpoint for his church choir, the sond proved so popular, it was performed again at Christmas services.

8,962 - The number of people who made snow angels simultaneously on the grounds of the North Dakota Capital in Bismark, setting a world record in 2007.


REINDEER are the only deer species in which both sees grow antlers. Adult males shed their antlers every fall; females and adolescents, every spring. Therefore, any reindeer you spy pulling Santa's sleigh are either female or young males.

Economic Factors this Week:

Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained volatile with wild swings in both stocks and bonds. The Treasury auction of 3 and 10-year bonds was met with reasonable demand helping to support the overall interest rate markets. The economic data released was within the estimated range and indicated the US economy continues to weaken. For the week, interest rates on government and conventional loans fell by about 3/8 of a discount point.
The meeting on Tuesday of the Federal Open Market Committee will be the most important event this week. Look for rates to be potentially volatile Monday as traders position themselves ahead of Tuesday's meeting.

Industrial Production

Monday, Dec. 15, 2008

Consensus Estimate: Down 0.5%

Analysis: Important. A measure of manufacturing sector strength. Weakness may lead to lower rates.

Capacity Utilization

Monday, Dec. 15, 2008

Consensus Estimate: 75.9%

Analysis: Important. A figure above 85% is viewed as inflationary. Weakness may lead to lower rates.

Consumer Price Index

Tuesday, Dec. 16, 2008

Consensus Estimate: Down 1.3%, Core up 0.1%

Analysis: Important. A measure of inflation at the consumer level. Weaker figures may lead to lower rates.

Housing Starts

Tuesday, Dec. 16, 2008

Consensus Estimate: Down 7.7%

Analysis: Important. A measure of housing sector strength. Larger than expected decreases may lead to lower rates.

Fed Meeting Adjourns

Tuesday, Dec. 16, 2008

Consensus Estimate: 75 basis point cut

Analysis: Important. Most expect the Fed to cut rates. Volatility will likely surround the adjournment of this meeting.

Leading Economic Indicators

Thursday, Dec. 18, 2008

Consensus Estimate: Down 0.5%

Analysis: Important. An indication of future economic activity. Weakness may lead to lower rates.

Philadelphia Fed Survey

Thursday, Dec. 18, 2008

Consensus Estimate: None

Analysis: Moderately important. A survey of business conditions in the Northeast. Weakness may lead to lower rates.

Fed Meeting

The United States central bank, the Federal Reserve, coordinates the borrowing and lending activities of federally chartered banks. The principal reason the Federal Reserve was created was to reduce severe financial crises. One way of accomplishing this goal is to control the amount of money that flows through the economy. By manipulating the US money supply, the Fed influences inflation, unemployment, and the level of US economic activity. The Fed has a variety of tools that it uses to control the money supply, but its chief policy tool is the manipulation of short-term interest rates.

All eyes will be focused on the Fed meeting Tuesday. Most analysts predict another rate cut as the economy continues to struggle. As of trading late last week, futures contracts showed a greater than 80% chance of a 75 basis point cut.

Keep in mind that a Fed rate cut does not automatically mean mortgage interest rates will improve. The Federal Reserve has direct control over the level of short-term interest rates. The Fed's influence over longer-term interest rates with rate cuts is less certain. However, the unprecedented recent direct purchasing of mortgage bonds is a strong effort to push longer-term rates lower as well.

Remember, rates are historically favorable. While there is a strong possibility rates could improve, there are no guarantees in these uncertain times. As a reminder, just a few months ago analysts overwhelmingly predicted gas prices would continue to rise. Conditions can change quickly.

Going Green

By no means have I reached tree hugger status, but I am definitely making more of an effort to "go green". In the past few months our family has really made more of an effort to be environmentally sensitive. I just wanted to pass on 2 small things that we have begun doing that may work for you and your family.

The first is the cheap investment in resusable grocery bags. After several grocery trips to Publix I broke down and decided to buy a few of the reusable bags they sell for $1 each. I mean, how easy is that? Now, I will confess that there have been plenty of times that I am checking out and realize that the bags are in my car, but I am getting better. I don't know what it is but I find great satisfaction in walking out with my 3 Publix bags vs. a cart full of plastic. It's a small step, but the least we can do. Not to mention the bags also bring endless hours of entertainment for my kids:

The other thing I have decided to do this holiday season has to do with the ALL the holiday catalogues we get on a daily basis. Seriously, how many times do I need to get the same catalogue or magazine in one months time span? Not to mention they are all selling the same toys! I have decided to collect all of the magazines and catalogues and bring them to a local recycling location. If you live in Kennesaw, Kennesaw Charter School has a dumpster just for newspaper and magazines.(http://www.kennesawcharter.com/)

If you would like to take additional steps to stop your junk mail here is another website to check out: http://www.ecocycle.org/junkmail/index.cfm

"Bring One for the Chipper"

Keep Cobb Beautiful is inviting everyone to "Bring One for the Chipper," and recycle your Christmas tree after the holidays.

As a part of a statewide effort to reuse Christmas trees, Keep Cobb Beautiful is hosting over 13 convenient sites at which area residents can drop-off their trees on Saturday, January 3, 2009, 9 a.m. to 4 p.m. Keep Marietta Beautiful, Keep Smyrna Beautiful and other affiliates will also sponsor Christmas tree recycling. In appreciation of your recycling efforts, participants will receive a seedling while supplies last.

Most sites will be manned by various volunteer organizations from 9 a.m. until 4 p.m. Drop off will only be allowed on that date. No other items will be allowed to be dropped off at sites. Cobb County Parks sites will accept trees from Dec. 26 until Jan. 3. All Home Depot sites, and the Cobb County Vegetative Waste location will accept trees ONLY on Saturday, January 3. To find a site location near you, or to volunteer at a site location look on the web site at http://kcb.cobbcountyga.gov/chipper.htm. Or you may call Keep Cobb Beautiful at (770) 528-1135.

“"Bring One For the Chipper" is sponsored state-wide by the Georgia Department of Community Affairs' Keep Georgia Beautiful program Georgia Power Company, The Home Depot, The Davey Tree Company, Cobb EMC, WXIA-TV, and local Keep America Beautiful affiliates.

Davey Trees at 770-451-7911, as well as the Cobb Parks chipper locations will have free mulch available to citizens after January 6 th .

Market Comment - Week of December 8th, 2008

Mortgage bond prices rose last week pushing mortgage interest rates lower. Mortgage bonds were initially helped by reports the Treasury would try to get rates lower. Unfortunately, a lot of the gains seen mid-week were erased Friday following mixed employment figures. Unemployment was not as bad as anticipated and average hourly earnings showed a surprise increase. The payrolls component was bond friendly but it wasn't enough to overshadow the headline figure. For the week, interest rates on government and conventional loans fell by about 1/8 of a discount point. The retail sales data Friday will be the most important release this week. Look for any additional moves by the Fed, the US Treasury, and legislative developments to also result in mortgage interest rate movements. This will be the last full week of data before the next Fed meeting.

Economic Factors for the week:

Trade Data
Thursday, Dec. 11, 2008
Consensus Estimate: $54 billion deficit
Analysis: Important. Affects the value of the dollar. A falling deficit may strengthen the dollar and lead to lower rates.

Producer Price Index
Friday, Dec. 12, 2008
Consensus Estimate: Down 1.8%, Core up 0.2%
Analysis: Important. An indication of inflationary pressures at the producer level. Weaker figures may lead to lower rates.

Retail Sales
Friday, Dec. 12, 2008
Consensus Estimate: Down 1.4%
Analysis: Important. A measure of consumer demand. Weakness may lead to lower mortgage rates.

U of Michigan Consumer Sentiment
Friday, Dec. 12, 2008
Consensus Estimate: 58.0
Analysis: Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

4.5% Rates Possible?
The news is abuzz about the Treasury lowering home loan rates to 4.5% to stem the foreclosure crisis but details have been lacking. The Treasury Department stated it is looking for additional ways to help the struggling housing industry and believes lower rates are needed. This idea is similar to the November 26th announcement from the Federal Reserve where they indicated the intent to purchase up to $500 billion in mortgage-backed securities from Fannie Mae, Freddie Mac and Ginnie Mae. In addition they would buy another $100 billion in direct debt issued by those firms. The November news caused bond prices to spike higher and forced mortgage rates lower. Just like any commodity, whenever tremendous buying interest exists, prices rise. Mortgage rates fell almost 1/2% in rate following the announcement. However, the following week market forces continued and rates spiked a bit higher from the recent lows. It is important to remember that there are no details to the Treasury plan as of yet. The Federal Government does not directly dictate home loan rates. Rates are determined by price movements of Mortgage Backed Securities (MBS), which compete for investor funds in the open market. The Treasury can buy mortgage bonds on the open market but remember that they are not the only entity buying and selling these instruments. The Treasury is in a very tough position in trying to manipulate home loan rates. Creating a new Federal mortgage program could be very risky. How would rates be set, who would qualify, and can the funds be used for purchases and refinances are just some of the questions being asked. The other critical concern is implementing such a program without destroying the current mortgage securities market. Doing so could have the unintended consequence of causing additional economic turmoil. Rates are not going to 4.5% with the wave of a wand by Hank Paulson or Ben Bernanke. As a matter of fact, the massive borrowing to fund the TARP program has a negative effect on rates. At this time, the announcement still leaves a lot of uncertainty. What we do know is that rates are at historic lows and house prices have moderated setting up a great scenario for people who need to refinance or are looking to buy a home. Waiting for rates to fall to 4.5% may leave people sorely disappointed.

Christmas Events in Kennesaw

Christmas Tree Lighting on Thursday the 4th!

Join Mayor Mark Mathews, members of the Kennesaw City Council, and other City officials as they "flip the switch" to light the official Christmas tree of Kennesaw. The Tree Lighting Ceremony will take place on Thursday, December 4th at 7:00 p.m. at the Depot. The program is free to attend and will include holiday choral music, a sing-along, free warm beverages and cookies and holiday cheer.

Santa Parade on Saturday the 13th!

The City of Kennesaw's 2008 Santa Parade is sure to inspire delight and wonder for the young, and young at heart. This year's parade theme is "Our Hometown Christmas".
The Santa Parade will feature festive holiday characters, musical ensembles, marching bands, designer floats, live reindeer and the jolly old elf himself, Santa Claus. Other units will include dance troops, baton twirlers, boy and girl scouts, church groups, antique cars and more.
The parade will begin at 12:00 noon and last approximately one hour. The parade route begins at Park Drive and progresses through downtown Kennesaw to Sardis Street, looping around to finish near the Depot. Arrive early for a good viewing location and dress appropriately for the weather.

Following the parade, join us at the Depot for the annual Day with Santa event. From 1:00-4:00 p.m. kids and their families are invited to line-up and meet Santa Claus - for free!
Bring your own camera or let our professional photographer take your picture for you.

In addition to scheduled stage entertainment, a number of holiday streetmosphere characters, craft vendors, inflatables and attractions will be on-hand for the amusement of visitors. Food and beverages will also be available for purchase.

Market Comment - Week of December 1st, 2008

Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained volatile as trading was thin amid the shortened holiday trading sessions. Mortgage bonds rallied nicely following the announcement that the Treasury and the Federal Reserve will spend $800 billion to help the ailing credit markets (details in article below). For the week, interest rates on government and conventional loans fell by about 1.625 discount points. The employment report Friday will be the most important data this week. Look for any additional moves by the Fed, the US Treasury, and legislative developments to also result in mortgage interest rate movements.

Economic Factors:

Construction Spending
Monday, Dec. 1, 2008
Consensus Estimate: Down 0.9%
Analysis: Low importance. An indication of economic strength. Weakness may lead to lower rates.

ISM Index
Monday, Dec. 1, 2008
Consensus Estimate: 38.00
Analysis: Important. A measure of manufacturer sentiment. Weakness may lead to lower mortgage rates.

ADP Employment
Wednesday, Dec. 3, 2008
Consensus Estimate: Jobs -173k
Analysis: Important. A measure of employment. Weakness in payrolls may bring lower rates.

Revised Q3 Productivity
Wednesday, Dec. 3, 2008
Consensus Estimate: Up 0.9%
Analysis: Important. A measure of output per hour. Improvement may lead to lower mortgage rates.

Fed "Beige Book"
Wednesday, Dec. 3, 2008
Consesnsus Estimate: None
Analysis: Important. This Fed report details current economic conditions across the US. Signs of weakness may lead to lower rates.

Factory Orders
Thursday, Dec. 4, 2008
Consensus Estimate: Down 2.7%
Analysis: Important. A measure of manufacturing sector strength. Weakness may lead to lower rates.

Employment
Friday, Dec. 5, 2008
Consensus Estimate: Jobs -300k, Unemp @ 6.8%
Analysis: Very important. An increase in unemployment or a large decrease in payrolls may bring lower rates.

Consumer Credit
Friday, Dec. 5, 2008
Consensus Estimate: 2.7B
Analysis: Low importance. A significantly larger than expected increase may lead to lower mortgage interest rates.

$800 Billion
The US Government finally took a needed step to stabilize home prices and help lower mortgage interest rates with the announcement of a new $800 billion spending plan. While rates on Treasury bonds had pushed historically low over the past few weeks, rates on mortgage bonds were way behind. The housing market remains in peril and the demand for mortgage bonds is not as strong as the demand for Treasuries. Fortunately, the Federal Reserve announced it would purchase $500 billion of mortgage-backed securities and another $100 billion of debt from Ginnie Mae, Fannie Mae, and Freddie Mac. This spending is an effort to improve the credit markets so businesses and consumers can get loans. Treasury Secretary Henry Paulson said, "This lack of affordable consumer credit undermines consumer spending and, as a result, weakens our economy." The Fed will also make $200 billion available to help with the consumer debt market. The initial reaction to the plan was very favorable for mortgage interest rates. The financial markets were relieved that something was done to address the housing industry. Keep in mind that despite the recent improvements the housing sector still remains troubled. It will likely take more efforts to resolve the credit freeze. Expect more market volatility.

Foreclosures Suspended

This article was sent to my our wonderful lenders Sharon & David with WR Starkey:

NEW YORK (Reuters) - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.
Fannie Mae and Freddie Mac said the hiatus on foreclosures -- which will run from November 26 through January 9 -- will give mortgage servicers more to work out easier borrowing terms for troubled homeowners.

Regulators and lawmakers have leaned harder on the two companies to help stabilize the crumbling U.S. housing market since they own or control about half of residential mortgages outstanding.

The government effectively seized Fannie Mae and Freddie Mac in a conservatorship in September amid concern that steep mortgage losses were hurting their ability to remain viable and thus backstop the mortgage market.

"This is another news item that the government is hoping will stem the tide of foreclosures," said Walter Schmidt, head of mortgage strategy at FTN Financial Capital Markets in Chicago. "But I don't know it helps, it could put off the inevitable" because falling home prices give homeowners incentives to walk away, he said.

The move by the two government-sponsored enterprises comes a week after their regulator unveiled a plan that could cut payments for hundreds of thousands of borrowers by easing terms on their loans. Homeowners facing foreclosure who are spending more than 38 percent of their income on mortgage payments could have payments reduced by the companies, under the program.

Loan modifications by lenders have increased but so far failed to stop record increases in foreclosures.

The "streamlined modification" program of Fannie Mae and Freddie Mac is slated to begin on
December 15. Fannie Mae and Freddie Mac estimated their foreclosure suspensions may affect about 16,000 borrowers if the homes are occupied.

"We felt it was in the best interest of both borrowers and Fannie Mae to take this extra step to ensure that homeowners with the desire and ability to prevent a foreclosure have an opportunity to stay in their homes," Herb Allison, Fannie Mae's chief executive officer, said in a statement.

The foreclosure moratorium also appears to lend credence to speculation the government is pushing the companies to operate more in a public policy role, perhaps at the expense of profit. That has some investors concerned since the government has not defined the roles of the shareholder-owned companies after the conservatorships are lifted.

Events on the Marietta Square

Christmas at Sweet Apple

Date: November 18, 2008 - December 28, 2008

Time: Call for show times

Theatre in the Square Website

Description: Warmly human yuletide yarns from the pen of beloved Celestine Sibley returns to the stage. A show that's sure to become a holiday event. A must for the whole family. Theatre in the Square Alley Stage. For more information and tickets call (770) 422-8369

Sanders Family Christmas

Date: November 18, 2008 - December 28, 2008

Time: call for show times

Theatre in the Square Website

Description: The Sanders singers from Smoke on the Mountain and Mount Pleasant Homecoming are home on the Mainstage again for the holidays. Even though it's the somber beginning of World War II, the instruments and voices of the Sanders Family brighten up the hearts and lives of all around. Theatre in the Square Mainstage. For more information and tickets call (770) 422-8369

The Nutcracker

Date: November 20, 2008 - November 29, 2008

Time: Call for show times

Georgia Dance Conservatory Website

Description: Presented by the Georgia Dance Conservatory. Jennie T. Anderson Theatre at the Cobb County Civic Center For tickets and more information call (770) 426-0007.

Candlelight Shopping on the Square

Date: November 21, 2008 - December 19, 2008

Time: Friday Evenings; 5pm-8pm

Description: Marietta Square shops stay open late till 8pm.

6th Annual Gobble Jog

Date: November 27, 2008

Gobble Jog Website

Description: Gobble Jog is a Thanksgiving Day event featuring a 10K Run, 5K Walk/Run, 1K Walk/Run, and the Tot Trot (for kids 5 and under) at the Historic Marietta Square. The Gobble Jog 10K will be certified as a qualifier for seeding in the Peachtree Road Race and the U.S. 10K Classic. All proceeds benefit MUST Ministries, a faith-based, non-profit organization ministering to the homeless and hurting in our community. For more information visit: call (678) 218-4521

Holiday Tree Lighting

Date: December 4, 2008

Time: 5-8pm

City of Marietta Website

Description: Santa will arrive in Marietta around 5:30 p.m. and listen to children's holiday wishes. The giant Christmas tree will light up the night at 6 p.m. Local choruses will provide entertainment. Santa will visit in the Square until 8 p.m. Historic Marietta Square; 5pm-8pm.

Disney's Beauty and the Beast

Date: December 5, 2008 - December 21, 2008

Time: Call for times

Atlanta Lyric Theatre Website

Description: Presented by the Atlanta Lyric Theatre in their brand new venue, the restored Strand Theatre on the Marietta Square. For tickets and more information call (404) 377-9948 or visit http://www.friendsofthestrand.com/

Santa on the Square

Date: December 6, 2008 - December 25, 2008

Time: Weekends in December

City of Marietta Website

Description: Experience the season in Olde Merry-etta & visit with St. Nick in his brightly decorated workshop. Photos with Santa are available. Re-live memories of Christmas past as you stroll through quaint shops filled with seasonal delights. Historic Marietta Square; (770) 794-5601.

Marietta Pilgrimage Christmas Home Tour

Date: December 6, 2008 - December 7, 2008

Time: Day Tour: Sat 9am-6pm; Sun 10am-5pm Candlelight Tour: Sat 7-9:30

Marietta Pilgrimage Website

Description: Celebrate the 22nd annual award winning home tour. Glimpse into six private Marietta homes located in the Whitlock Avenue historic district lovingly restored and decorated for the season.

Market Comment - Week of November 24th, 2008
Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained choppy with small improvements the first portion of the week. The majority of the releases showed continued economic weakness. Oil fell below $50 a barrel Thursday, jobless claims escalated, stocks generally fell, and deflation talk increased. St Louis Federal Reserve President Bullard indicated deflation was only a very remote risk with core inflation currently over two percent. For the week, interest rates on government and conventional loans fell by about 1/8 of a discount point. The consumer confidence release this week may receive more attention as we head into the holiday shopping season. The bond market closes early Wednesday, is closed Thursday, and closes early Friday in honor of Thanksgiving.

Economic Factors this week:

Existing Home Sales
Monday, Nov. 24, 2008
Consensus Estimate: Down 2.5%
Ananlysis: Low importance. An indication of mortgage credit demand. A significant decrease may lead to lower rates.

2-year Treasury Note Auction
Monday, Nov. 24, 2008
Consensus Estimate: None
Analysis: Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.

Q3 Preliminary GDP
Tuesday, Nov. 25, 2008
Consensus Estimate: Down 0.6%
Analysis: Very important. The aggregate measure of US economic production. Weakness may lead to lower rates.

Consumer Confidence
Tuesday, Nov. 25, 2008
Consensus Estimate: 39.5
Analysis: Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

5-year Treasury Note Auction
Tuesday, Nov. 25, 2008
Consensus Estimate: None
Analysis: Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.

Personal Income and Outlays
Wednesday, Nov. 26, 2008
Consensus Estimate: Income up 0.1%, Outlays down 0.7%
Analysis: Important. A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates.

U of Michigan Consumer Sentiment
Wednesday, Nov. 26, 2008
Consensus Estimate: 58.0
Analysis: Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

New Home Sales
Wednesday, Nov. 26, 2008
Consensus Estimate: Down 3.0%
Analysis: Important. An indication of economic strength and credit demand. Weakness may lead to lower rates.

Deflation
Deflation is generally defined as a contraction in the volume of available money or credit that results in general price declines. In inflationary periods, fixed payments buy less each year. In deflationary periods, fixed payments are worth more every year. The purchasing power of $100 in one year increases the following year in a deflationary environment. When investors think deflation is coming, they typically buy Treasuries, which we have seen recently. Other bonds such as corporate or mortgage bonds however do not usually have the same demand. Deflation makes debt payments more difficult each year. Treasuries are backed by the US government, which can print more money when needed. Companies and homeowners don't have that luxury. In severe deflationary times bankruptcies generally increase. This casts doubt over the performance of corporate and mortgage bonds. This is one reason Treasury rates have fallen significantly while mortgage rates have not been as fortunate.

Always & Everywhere

At a time when we are all counting our blessings I thought it was only appropriate to share this story with you all. A dear friend of mine passed on the story of a friend of hers, Laura Bowman Mc-Neil who has written and illustrated a children's book. The book was written for a friend of hers who has 2 small children and has been diagnosed with terminal cancer. The story speaks of a mother's love that is always and everywhere. The launch of the book was tonight in Atlanta. Please click on the link below to read some of the press coverage. The link to the book and charity homepage is also below. Karen & I are both mothers of two wonderful children and can't help to be touched by the LaSalle family's story.

http://www.alwaysandeverywhere.org/

http://shine.yahoo.com/channel/parenting/always-and-everywhere-308734/

Market Comment - Week of November 17th, 2008

Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading was choppy with thin conditions surrounding the holiday. Continued global economic uncertainty remained the focus. Both stocks and bonds exhibited wild swings. The US Treasury modified the earlier $700 billion bailout plan to strengthen financial institutions that offer credit instead of purchasing troubled sub-prime mortgage assets. The change caused additional uncertainty and debate. For the week, interest rates on government and conventional loans remained nearly unchanged.The consumer price index Wednesday will be the most important event this week. Producer price index and the Fed minutes also have the potential to result in mortgage interest rate volatility.

Economic Factors for the week:

Industrial Production
Monday, Nov. 17, 2008
Consensus Estimate: Down 0.1%
Analysis: Important. A measure of manufacturing sector strength. Weakness may lead to lower rates.

Capacity Utilization
Monday, Nov. 17, 2008
Consensus Estimate: 76.6%
Analysis: Important. A figure above 85% is viewed as inflationary. Weakness may lead to lower rates.

Producer Price Index
Tuesday, Nov. 18, 2008
Consensus Estimate: Down 1.5%, Core up 0.2%
Analysis: Important. An indication of inflationary pressures at the producer level. Lower inflation may lead to lower rates.

Consumer Price Index
Wednesday, Nov. 19, 2008
Consensus Estimate: Down 0.8%, Core up 0.2%
Analysis: Important. A measure of inflation at the consumer level. Lower inflation may lead to lower rates.

Housing Starts
Wednesday, Nov. 19, 2008
Consensus Estimate: Down 4.5%
Analysis: Important. A measure of housing sector strength. Larger than expected decreases may lead to lower rates.

Fed Minutes
Wednesday, Nov. 19, 2008
Consensus Estimate: None
Analysis: Important. Details of the last Fed meeting will be thoroughly analyzed.

Leading Economic Indicators
Thursday, Nov. 20, 2008
Consensus Estimate: Down 0.6%
Analysis: Important. An indication of future economic activity. A smaller increase may lead to lower rates.

Philadelphia Fed Survey
Thursday, Nov. 20, 2008
Consensus Estimate: None
Analysis: Moderately important. A survey of business conditions in the Northeast. Weakness may lead to lower rates.

Volatility Likely
The likeliness of mortgage interest rate volatility this week is very high considering the abundance of important economic releases. Each piece of data has the ability to cause volatility in the financial markets. Floating ahead of the data exposes a person to a tremendous amount of risk. It is possible for interest rates to improve if the data shows continued weakness in the economy with few price pressures. However, any surprises will likely be bad for mortgage interest rates. Governmental actions in addition to the economic data continue to weigh upon the financial markets. We are really in uncharted territory here with the wobbly underpinnings of the economy. Credit remains tight, as lending has become more stringent. However, there still remain funds available. Real estate transactions continue to take place despite perceptions to the contrary. The important thing to remember is that even the Treasury officials trying to shore the economy do not know exactly what the future holds. With this in mind, be cautious during these times of economic uncertainty and be ready to lock in the event interest rates spike higher.

Cobb County Thanks for Giving 2008

Karen and I can't help but feel incredibly blessed. As the holidays are approaching we want to do something to help those in our community who are in need. We decided to work together with the Center for Family Resources (CFR) on Cobb County's Thanks for Giving 2008.

The CFR in partnership with Cobb County Department of Family & Children's Services has been providing Thanksgiving baskets to families in need to Cobb County for more than 20 years. In 2007 CFR provided baskets to 1,000 families.

We have handed out donation bags to the neighborhood I live in and will be picking up donations this weekend. We would like to extend the offer to anyone else interested in making a contribution. Send us an email and we would be happy to pick up any canned goods.

For more information take a look at the Center for Family Resources website to learn more about the organization and what items they are requesting.

Way to go Kennesaw!

I'm a little behind on posting this, but earlier this month Forbes Magazine sited Kennesaw, GA as one of the top 4 places to sell a home. Forbes listed the top 10 suburbs to sell a home and Kennesaw ranked number 4. Here are the others:

1. Berkeley, Calif. (near San Francisco)
2. Bedford, Texas (near Dallas)
3. Venice, Calif. (near Los Angeles)
4. Kennesaw (near Atlanta)
5. Sugar Land, Texas (near Houston)
6. Midvale, Utah (near Salt Lake City)
7. Matthews, N.C. (near Charlotte)
8. Encinitas, Calif. (near San Diego)
9. Waltham, Mass. (near Boston)
10. Montclair, N.J. (near New York City)

Check out the full story in the AJC.com.

Market Comment - Week of November 10th, 2008
Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading the beginning of the week focused on the election and we saw equities rally in anticipation of the result. The latter portion of the week resumed focus on economic turmoil tied to rising unemployment, tight credit markets, continued housing market concerns, and global economic uncertainty. Trading was choppy with almost a full discount point up and down swing on Thursday alone. For the week, interest rates on government and conventional loans fell by about 3/4 of a discount point.The retail sales data Friday will be the most important event this week. The additional debt supply that continues to hit the market along with the shortened trading week may also lead to mortgage interest rate volatility.

Economic Factors this Week:

3-year Treasury Note Auction
11.10.08

Consensus Estimate: None
Analysis: Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.

Veterans Day
11.11.08
Consensus Estimate: None
Analysis: Important. Shortened trading week may lead to thin trading conditions and market volatility.

10-year Treasury Note Auction
11.12.08
Consensus Estimate: None
Analysis: Important. Notes will be auctioned. Strong demand may lead to lower mortgage rates.

Trade Data
11.13.08
Consensus Estimate: $56.8 billion deficit
Analysis: Important. Affects the value of the dollar. A falling deficit may strengthen the dollar and lead to lower rates.

30-year Treasury Bond Auction
11.13.08
Consensus Estimate: None
Analysis: Important. Bonds will be auctioned. Strong demand may lead to lower mortgage rates.

Retail Sales
11.14.08
Consensus Estimate: Down 1.2%
Analysis: Important. A measure of consumer demand. Weakness may lead to lower mortgage rates.

Business Inventories
11.14.08
Consensus Estimate: Up 0.2%
Analysis: Low importance. An indication of stored-up capacity. A significantly larger increase may lead to lower rates.

U of Michigan Consumer Sentiment
11.14.08
Consensus Estimate: 57.0
Analysis: Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

Auctions
US Treasury bonds do not directly dictate fixed mortgage interest rate pricing however they do have an indirect impact. Both Treasuries and mortgage bonds often track in the same direction but this is not always the case. There are many times that Treasuries and mortgage bonds move inversely. Despite the overwhelming size of the US economy, foreign investors can still have an effect on moving the financial markets. When foreign economies struggle foreign investors often purchase US based investments including mortgage bonds. This demand usually causes mortgage bond prices to rise and interest rates to fall. This flight to quality buying was one of the factors that helped mortgage interest rates to remain historically low in years past. There is a real threat that continued global economic turmoil may keep foreign investors from purchasing mortgage bonds in the future. The Treasury auctions this week will be important in determining the current appetite of foreign investors for dollar denominated securities. If this week's auctions are poorly bid mortgage bond prices could fall pressuring mortgage interest rates higher.

Macy's Pink Pig

It's that time of year again! Whether you're a native of Atlanta or a transplant like us you have to make a trip to the Pink Pig. Macy's at Lenox square features Priscilla the Pink Pig. It is a fun outing with the little ones. My only advice is to try and go during the day on a week day. Here is a link for more information:

http://www.macys.com/media/pinkpig/PP-details.pdf

Why Invest In Real Estate?

Have you ever thought of investing in Real Estate? Here are 7 great reasons why:

Real Estate is the Most Able Investment
1. Accesible- anyone can buy real estate
2. Appreciable- increases in value over time
3. Leverageable- you can buy on margin and gain return on total value
4. Rentable- you can pay down the mortgage and earn annual cash flow
5. Deductable/Depreciable/Deferrable - great tax benefits; the most tax advantaged investment
6. Stable- Slow to rise and slow to fall
7. Managable- you can hire people to manage it for you

WR Starkey Update

Market Comment - Week of November 3rd, 2008


Mortgage bond prices fell last week unfortunately pushing mortgage interest rates higher. Trading really focused on equities as stocks generally rallied. Most of the losses came as a result of an 889-point surge in the DOW on Tuesday. Traders sold bonds to buy stocks, which caused mortgage bond prices to fall, and mortgage interest rates to rise. Mortgage bonds recovered some of the earlier losses Wednesday morning but it wasn't enough to keep rates from rising considerably. For the week, interest rates on government and conventional loans rose by a full point and 5/8 of a discount point.The employment report Friday will be the most important event this week. The gross domestic product and employment cost index data will also be very important. Expect extreme market volatility again this week.


Economic Factors this week:

ISM Index
11/03/08
Consensus Estimate: 42
Analysis: Important. A measure of manufacturer sentiment. A large decline may lead to lower mortgage rates.

Factory Orders
11/04/08
Consensus Estimate: Down 1.5%
Anazlysis: Important. A measure of manufacturing sector strength. A larger decrease may lead to lower rates.

ADP Employment
11/05/08
Consensus Estimate: Down 80,000
Analysis: Important. A measure of employment. A larger decrease in payrolls may bring lower rates.

Preliminary Q3 Productivity
11/06/08
Consensus Estimate: Up 1.0%
Analysis: Important. A measure of output per hour. Improvement may lead to lower mortgage rates.

Employment
11/07/08
Consensus Estimate: 6.2% -115k jobs
Analysis: Very important. An increase in unemployment or weakness in payrolls may bring lower rates.

Oil Provides Reprieve
Fed officials have been given a huge reprieve from the inflation concerns tied to rising energy prices as oil prices have dropped relative to the record high level of $147 per barrel seen in July of this year.
The Fed is continually concerned with inflation as they lower rates amid the current credit crisis. Lower energy prices generally help to alleviate inflation fears. The Organization of the Petroleum Exporting Countries (OPEC) recently cut production as the price of oil fell precipitously. These production cuts have had little effect on falling oil prices so far. The markets seemed convinced that the demand for oil will continue to decrease as economies struggle across the globe. However, these predictions are not a given. OPEC is debating additional production cuts while many analysts are warning OPEC against such moves. OPEC's position is that the price of oil is undervalued and a production cut would increase prices. The counter argument is that the world economies are already struggling and a spike in energy prices would lead to more severe economic turmoil further decreasing demand which would eventually result in not only additional price decreases but a global economic catastrophe. Remember that the future is uncertain. Just a few months ago the majority of analysts were predicting continued high energy prices. Fortunately, they were wrong. But that doesn't mean conditions can't change quickly.

Keep in mind that rates remain historically very favorable. It is possible for rates to head lower with falling inflation fears. However, now is a great time to avoid the uncertainty surrounding continued market volatility.

The fabulous owner of my children's school, Lisa Soukup told me about an intiative started by a friend of hers called Caution- Newly Licensed. It's to promote saftey and cautious driving by teens and those with whom they share the road. Your teen may be a little hesitant to put the magnet on their car, but I think all of ua would be a bit more sympathetic and patient if we saw the Newly Licensed magnet on their car. As a parent I know I would and I would love to see it on more teens' cars. I just thought I would share this with you all!

Below is a bit more information on the organization:

The CAUTION-NEWLY LICENSED® Car Magnet was developed to reduce teen car crashes and fatalities.The magnet identifies teens with Learners Permits and First Year Licenses. Placed on the rear of the vehicle, the magnet alerts other drivers to use extreme caution, courtesy, and patience.

A proven method to reduce teen car crashes is more experience behind the wheel. The CAUTION-NEWLY LICENSED® car magnet provides a "shield of protection" from other drivers and allows the teen to concentrate on the road. The magnet protects not only the inexperienced drivers, but also surrounding drivers.

Buses, semi-trucks and drivers education vehicles clearly mark new drivers. The same concept works for teen drivers. Identifying teen drivers is already the law in many other countries including those in Europe, Asia, Canada, and Australia.

The CAUTION-NEWLY LICENSED® Car Magnet Program launched a pilot program in Cobb County, Georgia in April 2007 with a distribution of more than 3,000 magnets with tremendous success.

In October 2007, the CAUTION-NEWLY LICENSED® car magnets became available nationwide.We believe that by working together as a society, we will save teen lives. Please help us by identifying all new teen drivers.

Terminology

I am Realtor. I'm not a lender-- so I am constantly learning more and more about the mortgage industry. I will continue to share weekly updates from WR Starkey. I want to make sure you can get all of the information out of it that they offer. Here are the basics:

So what does all of it mean?

Mortgage Bond: A bond secured by a mortgage on a property. Mortgage bonds are backed by real estate or physical equipment that can be liquidated. These are usually considered high-grade safe investments.

Treasuries: Negotiable U.S. Government debt obligation backed by its full faith and credit. Treasuries are issued by the U.S. government in order to pay for gonvernment projects. The money paid out for a Treasury Bond is essentially a loan to the government. As with any loan, repayment of pricipal is accommanied by a specified interest rate. These bonds are guaranteed by the "full faith and credit" of the U.S. government, meaning that they are extremely low risk (since the government can simply print money to pay back the loan).

Consensus Estimate: When you hear that a company has "missed estimates" or "beaten estimates", these are references to consensus estimates. Based on projections, models, sentiments and research, analysts strive to come up with an estimate of what the company will do in the future. Obviously, consensus estimates are not an exact science. This leads some market pundits to believe that the market is not as efficient as often purported, and that the efficiency is driven by estimates about a multitude of future events that may not be accurate. This might help to explain why a company's stock quickly adjusts to the new information provided by quarterly earnings and revenue numbers when these figures diverge from the consensus estimate.

Consumer Confidence: Consumer confidence, measured by the Consumer Confidence Index (CCI), is defined as the degree of optimism on the state of the economy that consumers (like you and me) are expressing through their activities of savings and spending. The CCI is prepared by the Conference Board, and was first calculated in 1985. In that year the result of the index was arbitrarily set to 100, representing the index'sbenchmark. This value is adjusted monthly on the basis of a household survey of consumers' opinions on current conditions and future expectations of the economy. Opinions on current conditions make up 40% of the index, with expectations of future conditions comprising the remaining 60%. In the glossary on its website, the Conference Board defines the Consumer Confidence Survey as "a monthly report detailing consumer attitudes and buying intentions, with data available by age, income and region". In the most simplistic terms, when their confidence is trending up, consumers spend money, indicating a healthy economy. When confidence is trending down, consumers are saving more than they are spending, indicating the economy is in trouble. The idea is that the more confident people feel about the stability of their incomes, the more likely they are to make purchases.

Durable Goods Orders: A category of consumer goods, durables are products that do not have to be purchased frequently. Some examples of durables are appliances, home and office furnishings, lawn and garden equipment, consumer electronics, toy makers, small tool manufacturers, sporting goods, photographic equipment, and jewelry. Also known as "durable goods".
Consumer goods are often classified as durables or non-durables. Durables are the stuff you buy to last, like a TV or a freezer

(Info found on Investopedia.com and InvestorWords.com)

Lending Update from WR Starkey

Market Comment - Week of October 26th, 2008

Mortgage bond prices rose last week pushing mortgage interest rates lower. Trading remained extremely volatile. Most of the improvements in mortgage interest rates came the beginning of the week as stocks struggled amid continued global economic uncertainty and oil prices continued to fall. Unfortunately a lot of the gains were wiped out Thursday and Friday as fear continued to grip the financial markets and many investors pushed funds into Treasuries or returned to cash positions on the sidelines. For the week, interest rates on government and conventional loans fell by about 1/8 of a discount point.The Fed announcement Wednesday will be the most important event this week. The gross domestic product and employment cost index data will also be very important. Expect extreme market volatility again this week.

Here are the Economic Factors this week:
New Home Sales
10/27/08
Consensus Estimate: Down 0.4%

Analysis: Important. An indication of economic strength and credit demand. A decrease may lead to lower rates.

Consumer Confidence
10/28/08

Consesus Estimate: 54.0

Analysis: Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

Durable Goods Orders
10/29/08

Consensus Estimate: Down 0.5%
Analysis: Important. An indication of the demand for "big ticket" items. A larger than expected decrease may lead to lower rates.

Fed Meeting Adjourns
10/29/08
Consensus Estimate: 50 basis point rate cut

Analysis: Very Important. Most expect the Fed to cut rates. Volatility is likely to surround this meeting.

Q3 Advance GDP
10/30/08

Consensus Estimate: Down 0.1%

Analysis: Very important. The aggregate measure of US economic production. A decrease may lead to lower rates.

Q3 Employment Cost Index
10/31/08
Consensus Estimate: Up 0.7%
Analysis: Very important. A measure of wage inflation. Weakness may lead to lower rates.

Personal Income and Outlays
10/31/08

Consensis Estimate: Income up 0.1%, Outlays down 0.1%
Analysis: Important. A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates.

U of Michigan Consumer Sentiment
10/31/08
Consensus Estimate: 67.0
Analysis: Important. An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.

Gross Domestic Product
The Gross Domestic Product (GDP) is one of the most important reports during any given quarter. GDP is a measure of US economic output and spending. The report is significant in that it provides investors, analysts, traders, and economists with a comprehensive report of the direction of the economy. In addition, it also influences the decisions of Federal Reserve policy makers, Congressional budget employees, and corporate financial planners. GDP is the sum total of goods and services produced by the United States. The initial report is often based on incomplete data. Therefore, additional revisions are released over the following two months. There are often substantial differences between the initial release and the revisions. The mortgage-backed security market generally responds favorably to weaker GDP growth. The advance third quarter gross domestic product data this week has the potential to move mortgage interest rates. A cautious approach is necessary to protect against market volatility.

CURRENT INTEREST RATES

Conventional 30 Year Fixed Rate 6. 125 %
FHA/VA 30 Year Fixed Rate 6. 500 %
FHA 3/1 ARM 6. 125 %

Early Voting Information

Just in case you are trying to beat the lines at the voting polls use this link below for dates and locations:

http://sos.georgia.gov/elections/11_04_earlyvoting.pdf

WE'RE PAINTING THE TOWN RED!

We refuse to listen to all the nay sayers about the market so this weekend we are Painting the Town Red! Our office is having an open house day on Sunday. We'll have 66 homes open! If you live in West Cobb you'll have a hard time missing all the red and white balloons. If you or anyone you know are searching for a new home please let them know about this event. We are all so excited to show off all the great property we have on the market.

We have an article running in the Marietta Daily Journal and a big 2 page layout with all of our homes featured. Here's a snippet of the article- "We are refusing to buy into what the media is saying about the housing market. Our agents believe that now is a great time to buy a home," said Kim Jeans, team leader of Keller Williams Signature Partners. "Loans are still available and rates are still extremely low. You can buy more house now than previously and there are fabulous deals to be had."

Here are the 2 homes Karen and I will be hosting on Sunday:

106 Courtland Circe ~$169,900
Immaculate raised ranch, 3 bedrooms, 2 baths with a fenced yard & finished room in basement. This home is in a great school district and it's just a short walk away.

891 Brown Store Rd. ~ $295,500

Almost 1 acre in Cobb County in the Harrison School District, Wonderful Master on Main, Courtyard, Screened Porch with an Additional Detached Garage in back perfect for an RV, In-Law Suite or Office

850 Randall Court

Hardage Farm Beauty with Kennesaw Moutain Views

This 6 bedroom, 4.5 Bath home features a large master on the main, a completely updated kitchen, large deck and completely fenced yard. The basement has a workshop, media room, rec room, 2 bedrooms and a beautiful full bath.

Incredible Pumpkin Trail

Halloween in our favorite time of year! Maybe it's the beautiful weather and the adorable decorations! I don't know-- but we love it!

Last week I emailed everyone about the Incredible Pumpkin Trail in downtown Kennesaw. Here is a link to the event: http://www.kennesaw.ga.us/CurrentEvents.asp?EID=522

We went to take a look and I thought I'd share some of the photos I took. It's FUN & it's FREE!

Lending Update from WR Starkey

Market Comment - Week of October 13th, 2008

Mortgage bond prices finished last week lower pushing mortgage interest rates considerably higher. The Federal bailout plan along with an unexpected Fed rate cut dominated almost all headlines as uncertainty loomed and the liquidity crisis continued. Fear gripped the markets, which caused many investors to exit stocks and bonds to head for cash positions. Trading in the financial markets was extremely volatile. The only bright light appeared to be a precipitous decline in oil prices. For the week, interest rates on government and conventional loans rose by over a full discount point.The consumer price index Thursday will be the most important data release this week. The financial markets remain volatile as traders digest the bailout developments. Expect the up and down trading pattern to continue.

Here are the Economic Factors this week:

Columbus Holiday

10/13/08

Consensus Estimate: None

Analysis:Important. Shortened trading week may lead to market volitility when trading resumes Tuesday.

Producer Price Index

10/15/08

Consensus Estimate: Down .3%, Core up .2%

Analysis:Important. A indication of inflationary pressures at the producer level. Lower figures may lead to lower rates.

Retail Sales

10/15/08

Consensus Estimate: Down .4%

Analysis: Important. A measure of consumer demand. Weakness may lead to lower mortgage rates.

Fed "Beige Book"

10/15/08

Consensus Estimate: None

Analysis: Important. This Fed report details current economic conditions across the US. Signs of weakness may lead to lower rates.

Consumer Price Index

10/16/08

Consensus Estimate: Up .1%, Core up .2%

Analysis: Important. A measure of inflation at the consumer level. Lower level may lead to lower rates.

Industrial Production

10/16/08

Consensus Estimate: Down .8%

Analysis: Important. A measure of manufacturing sector strength. Weekness may lead to lower rates.

Capacity Utilization

10/16/08

Consensus Estimate: 78%

Analysis: Important. A figure above 85% is viewed as inflationary. Weekness may lead to lower rates.

Housing Starts

10/17/08

Consensus Estimates: Down 1.7%

Analysis: Important. A measure of housing sector strength. Larger than expected decreases may lead to lower rates.

Fundamental Week
The abundance of fundamental data this week provides a good opportunity for mortgages to improve. If the data shows weakness in the economy with little or no inflationary pressures then it is possible for mortgage bonds to rally resulting in mortgage interest rate decreases. However, the data may be completely overshadowed by general financial fears and uncertainties throughout the globe.Mortgage interest rates remain historically favorable. Now is a great time to avoid the uncertainty surrounding continued market volatility.

This information is provided by WR Starkey Mortgage.

Loan Officers:

Sharon Lintault

slintault@wrstarkey.com

David Lowrimore

dlowrimore@wrstarkey.com

Welcome to Our Blog!

Welcome to our Real Estate Blog! So call us crazy,but we love what we do. Despite the media and what everyone is saying people still have to buy and sell homes.
Karen and I both come from the hospitality industry. We are service oriented people. It's what makes our team work. We believe in putting our clients needs first. Karen is originally from the Atlanta area, but has also lived in Orlando, FL and Chicago, IL. I am originally from New Orleans and relocated here with my family. We both have a keen understanding of what it's like to relocate and find ourselves in a new city. One of our loves is working with familes who are also going through the relocation process. We take great care of our clients who are moving out of Atlanta and what a daunting task it is to have your house on the market and begin house hunting in another city. It takes a special attention to detail to ensure that our clients know that we are taking great care of their home while they are away. We also love the task of introducing someone to the Metro Atlanta area. We can appreciate how large and overwhelming this city can be to a newcomer. We too were in their shoes and we enjoy showing them all that we love about living here. Our clients are more than just clients. They feel like family and friends!
Karen and I each have 2 children and we have felt the growing pains of an expanding family and all that comes with it. It is so much fun for us to work with buyers and sellers who are needing a new home to fit their needs whether it be a shorter commute, different school district, more space, larger yard, updated kitchen-- you name and we've heard it.
We are starting this blog to share up to date information on the real estate market, financing, things going on around town and anything we find fun and amusing! We hope you enjoy it and think if us when you think of real estate!