Real Estate Insider Blog

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Are Interest Rates Going Up?


Market Update

Tuesday, May 31, 2016

What's going on and why does it matter?

Mortgage bonds opened lower today, and are sitting right at their 100-day moving average, which has been operating as a strong level of technical support over the past few weeks.  This is a big week for the markets with lots of high-tiered economic reports that may sway the market wildly one way or another.  Of particular interest is Friday's non-farm payrolls report, preceded on Thursday by an OPEC meeting on oil, and an ECB meeting on European monetary policy.  If the economic reports are favorable this week, the Fed may be more inclined to increase rates in June.  If this happens, the Fed may bring an end to their mortgage bond buying program sooner rather than later.  The Fed is scheduled to purchase up to $1.4 billion in GNMA mortgage bonds today, and they'll be purchasing up to $2.375 billion in 30-yr conventional mortgage bonds tomorrow.  Today's personal income and core inflation numbers came out in line with market expectations.  However, expect lots of volatility this week as the market deals with the deluge of economic reports that will be released in the coming days.  In the midst of all this, it'll be interesting to see if mortgage bond prices can hold above their 100-day moving average.  If they break below that level, the next hard stop on the way down will be their 200-day moving average,...

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Could Clearwater, Florida Be Your Next Home?

Some of us only daydream of living in a community with natural beauty, warm sunny days, coastal breezes and endless outdoor activities. However, this kind of lifestyle could become a reality if you lived in Clearwater, Florida. Sure, Clearwater is a popular tourist destination, but it also has a good economic outlook, job growth and affordable housing.

Clearwater is situated just about 20 miles west of Tampa and northwest of St. Petersburg on the coast. The city has 26 miles of land and a little more than eight miles of lakes and waterways. Its small size helps to keep the population low at a little more than 108,000 people, but it is large enough to have a nice assortment of restaurants, beaches, homes and community activities for every age.

The town is a mix of entrepreneurs, beachcombers, residents and tourists that enjoy sunny days and warm weather. Many of the businesses in the area are owned by locals, which gives it a small town feel and makes everyone feel welcome.

What Draws People to Clearwater?

There is no doubt that many people choose to live in Clearwater because the cost of living is just 6.60 percent, which is extremely low compared to many other regions in the U.S.

People looking for a thriving community with jobs take a second look at Clearwater when they learn the unemployment rate is only 5.10 percent compared to the national average of 6.30 percent. New businesses are always relocating to Clearwater, and the tourist industry is strong in...

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