Here we go again, with the talking heads on financial news misinterpreting the impact of the Fed’s actions on home loan rates….

Here’s the scoop.  What the Fed just announced at the end of last week is huge – they have committed to buy another $750B in Mortgage Backed Securities, and $300B in Treasuries.

But what does this mean and why do you care?

Their actions provide a demand for Mortgage Backed Securities, which should help keep a ceiling on home loan rates moving much higher in the foreseeable future. That’s good news, for homebuyers who are seeing the bargains out there and understanding that now is the time to act. Good news for those who are ready to refinance too.

But an important distinction – this does not mean rates may move significantly lower. Depending on exactly which coupons the Fed purchases when they go shopping for Mortgage Backed Securities, their actions may keep a lid on rates, but not push them very much lower. And based on what they’ve been buying since the beginning of this year when they started their purchasing program – that is exactly how it has played out.

Present home loan rates are within inches of historic lows. This is great news for anyone looking to buy a home right now with list prices down and rates still low! NOW is the time to act and purchase that new home.

Charles In action at the Boston Realestae Expo.  We had a good turn out with around a thousand people coming in and seeing us.  Its been a very cold year for the North East So they are glad to come out and see what the LMC has to offer!

The LMC group is on the road again headed to Boston MA for the weekend.  We will be presenting Hawkestaer at the River to over one thousand people.  www.hawkeswater.com   We are leaving the warm 70 degree waether headed for snow and ICE,, burrrrr!  Stop by and see our new office 1150 point harbor rd Wilmington NC 28401..

Thanks

Just put your mouse on a city anywhere in the world, and the front page of the local newspaper pops up each day.  Think of the possibilities for language arts, social studies (humanities),  Spanish, and Jewish studies.  Double click and the page gets larger.

http://www.newseum.org/todaysfrontpages/flASH/

 Also, if you look at the European papers, the far left side of Germany will pop up as The Stars & Stripes (European edition, of course). AND, this site changes everyday with the publication of new editions of the paper. Hope you can use this.

Richard and Charles are on the way to Greenwich CT today for the LiveSouth Expo at the Hyatt Regency…i know they hated to leave the beautiful Carolina weather we have been having lately and are expectig this weekend. if you are up in that neck of the woods…besur to check out the Expo and by all means find the Hawkeswater booth and Charles and Richard. The show is full of great information and is always well attended. The hours are Friday 5-8, Saturday 10-5, and Sunday 11-3. Also check out  www.hawkeswater.com  for further info.

By Wayne Faulkner
Business Editor

Just got off the boat and took a few pictures I wanted to share with you.  This is the river frontage of Hawkeswater.  If you enjoy boating or fishing this is paridise.  Its very unique to have a deep water community just a few minutes from down town Wilmignton by boat or a easy boat ride down the river to watch the sun set over Bald Head Island. We will be giving VIP boat tours starting next week.  Hope to hear from you.

Richard

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