Probably one of our best teachings yet!! This one is a show for all ages as we share stories about our kids and money. Kids can smell a fake a mile away so it’s time to get real with our kids especially about money. Make sure you download this one and forward it to others as well!!
Archive for February, 2008
Phil Osborne here with the Lehigh Valley Wealth Center daily interest rate update. Visit our website at lehighvalleywealth.com to learn more about what we do. Tune in to our radio show Lehigh Valley Wealth right here on waeb this Sunday morning at 7:30am.
Mortgage interest rates dropped again today as traders sold off stocks and pushed money into the bond market. consumer spending rose 0.4% in January - slightly hotter than expectations. The Federal Reserve’s preferred measure of inflation, the Core PCE, climbed 0.3%, the most in four months. The year-over-year Core PCE comes in at 2.2%, just above the Fed’s comfort zone. Inflation remains a concern however the Fed has made it very clear that recession risks outweigh inflation risks.
Are your assets growing like you want them to? DOW got your DOWN? Call the Wealth Center today and learn how to maximize your assets. We deliver mortgage loans and plans for real estate investors and homeowners, we also educate on important concepts like arbritrage, return on investment and leverage. Call us today at 610.432.6600 or visit lehighvalleywealth.com
Phil Osborne here with the Lehigh Valley Wealth Center daily interest rate update. Visit our website at lehighvalleywealth.com to learn more about us.
Over the years we have helped hundreds of homeowners successfully manage their home equity, eliminate debt, build wealth through our mortgage planning strategies.
Mortgage interest rates dropped again today as mortgage backed securities on the bond market have rose for the 3rd consecutive day. Wall Street got slammed today with a slew of bad economic news, prompting traders to sell of stocks and purchase bonds. Sprint, a speech from Ben Bernanke the Fed Chairman and lower than expected GDP numbers were all headlines that contributed to the sell off of stocks. Long term rates have come down approx .25-.5% the past 3 days after 2 weeks of being pressured higher due to inflationary concerns.
Trying to pay off your home loan, running out of time? We can show you how to do it faster than the current plan you have in place. Call the Wealth Center today at 610-432-6600 or visit lehighvalleywealth.com to schedule a private planning consultation.
Phil Osborne here with Lehigh Valley Wealth Center daily interest rate update. Visit Lehighvalleywealth.com and click on refinance center. You will learn how to take advantage of 3yr low rates and how to responsibly manage your greatest asset… your home and your largest debt… your mortgage.
Mortgage bonds got a needed boost today pushing long term interest rates slightly lower. A weaker than expected durable goods order report and weaker new home sales fueled the rally. Big Ben Bernanke testified before congress today regarding the state of the economy and gave reassuring words about inflation suggesting that it is most likely a temporary problem. He emphasized that the Fed’s major concern is the financial and housing sector of the economy and continued risks of recession. Therefore Fed cuts to short term rates will most likely continue into late 2008.
Whatever your real estate financing need is the Wealth Center can help. We won’t just deliver a mortgage loan but we will show you options and educate you on each. Call 610.432.6600 or Lehighvalleywealth.com that’s lehighvalleywealth.com
Phil Osborne here with the Lehigh Valley Wealth Center bringing you our Daily interest rate update. Visit our website at lehighvalleywealth.com to learn more about us and what we do. Tune in this Sunday at 7:30am right here on waeb for our radio show Lehigh Valley Wealth, our show this week will be entitled “Feeding the Beast”!
Mortgage bonds traded slightly higher on the day leaving long term rates unchanged. The Producer Price Index (PPI), a measure of inflation at the wholesale or producer level, swelled by 1.0% during January, which was more than double expectations of 0.4%. This hot reading left year over year PPI at a smoking 7.4%, the fastest increase since 1981. This may put further pressure on the Fed as they try to stimulate the economy in an effort to prevent a deep recession without simultaneously fueling inflation.
Call today for a free mortgage and debt management analysis. We will give you expert advice on what you can do to increase cash flow, minimize interest expense and build wealth for your future. Call 610.432.6600 or visit lehighvalleywealth.com
25
Feb
Sam Miller
BACKGROUND
Sam joined the real estate business 21 years ago right out of high school; Mount Vernon is located in the geographic center of Ohio. The population of the town is 15,000 and the county population is 50,000. The average sales price is about $110,000.
SURVIVAL STRATEGIES
When the market began to slow down, he began to tweak his yard signage by adding lights. He also had custom signs created consisting of a large photograph of a feature of the house that you couldn’t see just driving by. He knew it was working when the number of brochures picked up from the yard sign holders tripled on these properties.
ASSISTANTS/TEAM
- Carol handles all issues post contract through closing.
- Joe plans and executes all the marketing.
- Karen takes care of all the administrative functions.
- There are currently two buyer agents.
SYSTEMS
- Sam’s team tracks his leads and where they come from so that he can make timely decisions and adjustments. They also track which listings are being shown and how often. When they saw a 60% drop in a two-week period they were able to make adjustments.
- In addition to Top Producer, RealPro Systems, and his high-speed scanner, Sam feels that the Listing Questionnaire is his most important asset in his listing management systems.
MARKETING
Sign calls are his number one source of business. Sam’s web focus is primarily on www.SamMiller.com, which has the highest rate of return on anything he does. (He just broke 2 million views in a town of only 15,000.) He also feels that the virtual tours on www.Realtor.com are very effective. Sam is also launching www.VillageMaker.com and is extremely optimistic about this service.
KEY ELEMENTS OF SUCCESS
- Maximize the marketing power of web sites-Sam points out that 85% of consumers go online to look at property 6 months before they buy. Sam’s unit production “peaked” at 380 units when he was spending the most money on print advertising. He has now refocused his marketing efforts on the web and has drastically reduced that cost (by about half) resulting in more profit dropping to the bottom line than ever before.
- Touch and incubate leads over time-www.RealProSystems.com automates the process of giving updated information on new listings as they come on the market. Sam notes, “Every day a new listing comes on that matches a buyers criteria, it looks like I sat at the computer and sent it to them. Consequently, they think I have been working 24 hours trying to find them a house.”
- Let technology help your team work smarter Sam is doing a phenomenal amount of business in a small market with a small team. He continuously tweaks the technology to get more out of it.”
Ken Unangst here with the
Mortgage bonds are currently trading almost 100 basis points lower pushing interest rates .125-.25% higher on the day. Money flowed into stocks and out of bonds as the S&P affirmed bond insurers of their AAA rating. When ~ investors move money heavily into stocks, typically the bond market suffers and mortgage rates go up. Stay tuned later this week as the Fed’s favorite measure of inflation is released which is sure to be a market mover, also on the schedule for this week is GDP numbers which will signal any fears of a recession.
Want to learn how to build wealth in a down market? Call the
Great show with a valuable update on interest rates and a look at why people are not buying in today’s amazing real estate market. Enjoy!
Phil Osborne here with the Wealth Center daily interest rate update. Join us this Sunday at 7:30am for our radio show Lehigh Valley Wealth on waeb 790
Interest rates were unchanged after another volataile day in both the stock and bond market. Dallas Fed governor loose lips fisher sounded the inflation alarm again which ended a bond market ralley leaving long term rates unchanged to slightly higher on the day. Lawmakers are reportedly working on a second stimulus package with a proposed tax credit to boost the ailing housing market for Americans who decide to purchase a home. From first time homebuyer’s to advanced real estate investors we can deliver a mortgage loan and plan to help you win BIG in today’s market. At the Wealth Center our passion is education, so call us for the expert advice that you deserve and rates that will help you preserve your hard earned cash! Call 610.432.6600
Phil Osborne with the Lehigh Valley Wealth Center daily interest rate update…
Visit our website at lehighvalleyweatlh.com and tune in to waeb 790 Sunday mornings at 7:30am for our weekly radio show Lehigh valley wealth.
Mortgage bonds got a needed boost today sending interest rates lower after a dismal report from the Philly Fed Manufacturing Index. This shows continued contraction in the manufacturing sector of the economy. Jobless claims numbers were also released today and revealed that the economy is truly on the brink of a recession.
Last week President Bush signed the stimulus package which will send checks out to most Americans in an effort to prop up a sagging economy. A part of the stimulus plan is the temporary increase in conforming loan amounts. This is huge for homeowner’s with loan amounts higher than $417,000 as it will allow those individuals to lock in very low rates as most jumbo loans are subject to higher interest rates. For more information on how to take advantage of these historically low rates contact the wealth center at lehighalleywealth.com or call us at 610.432.6600 thank you.
