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FED CUT both Fed rate and Discount rate 50 BPS

 

To All,

 

Good News that the Feds on both the Fed Funds rate and discount rate of 50 basis points (BPS) or .5%. We will see how this affects the markets in the financial sector. For those positioning for loans currently and/or in the near future, this is the first rate cut in 4 years. Many economists were looking at 25 bps increase so the Federal Reserve Chairman and members must believe in our need to stimulate this economy is a high priority at the moment. Now let’s see the rate improvements on Mortgage rates in the secondary market as seen in the Charts that I have sent you in the past to really measure the impact of the Feds rate cut.

 

See my Blog for other valued information on the Real Estate and Finance industry

 

Peace and Freedom,

 

John M Gallardo

949-842-9789

 

 

PS Please leave a comment or Blog, I apprecaite your input...

 I will post the last info based on this newletter later comments and blogs are highly appreciated other may have the same questions

 Freedom and Peace

John M Gallardo

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Mortgage Market Guide week 9-17-07

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Provided to you Exclusively By John Gallardo   John Gallardo Certified Mortgage Planner Specialist Office: 949-842-9789 E-Mail: john.m.gallardo@cox.net

For the week of Sep 17, 2007 --- Vol. 5, Issue 38

Last Week in Review

"THE BEST WAY TO MAKE MONEY IS TO AVOID LOSING IT." Yogi Berra Yep, it is hard to go broke taking profits off the table...and this is exactly what Bond Traders did last week, pressuring Bond prices lower and causing home loan rates to rise by about .125%, as money moved out of the Bond Market. Remember that conforming home loan rates are tied to Bonds or "Mortgage Backed Securities" - so when Traders sell off Bonds, it causes the Bond price to go down, which in turn causes home loan rates to rise. And although most of last week's economic news was "Bond-friendly", and should have resulted in higher Bond prices and lower home loan rates, Bond Traders decided to sell some holdings and lock in their recent gains instead, ahead of what could be a volatile week of market action. The Federal Reserve is meeting this coming week, and will release their highly anticipated Interest Rate Decision and Policy Statement on Tuesday at 2:15pm ET. So do you know what is expected from the Fed, and how their actions might save you money right away? Read on and learn, in the upcoming Forecast for the Week. SPEAKING OF SAVING MONEY...DO YOU KNOW WHY MARCH IS THE BEST MONTH TO BUY A TELEVISION? DON'T MISS LEARNING THIS AND MORE IN THE MORTGAGE MARKET VIEW. YOU'LL GET THE SCOOP ON TIMING YOUR PURCHASES TO SAVE THE MOST, EVEN ON GAS, CLOTHING, AND FURNITURE.

Forecast for the Week

The economic calendar thickens up considerably this week, giving a read on manufacturing, inflation and housing...but many of these reports will take a back seat to the Fed's Policy Statement and Interest Rate Decision, to be released on Tuesday afternoon. Traders are forecasting a 100% chance of a Fed rate cut. About half the traders are expecting a cut of ¼%, and the others expecting a cut of ½%. Of perhaps greater importance is tone of their highly analyzed Policy Statement. Comforting words about inflation will help bonds and home loan rates. Remember that a cut to the Fed Funds Rate would impact the Prime Rate, which affects Home Equity Lines of Credit, credit cards, business loans, car loans and the like - but does NOT have a direct correlation to home loan rates. For example, if the Fed should cut the Fed Funds Rate by .25%, you would likely see a change to your Home Equity Line of Credit by .25%, if it is tied to the Prime Rate as most are - but do not expect regular home loan rates to drop correspondingly, as the Fed's take on inflation will guide the way. Stock prices have a history of doing well after the Fed begins to cut rates. Since 1985, there have been seven initial rate cuts by the Fed. During the year following the initial Fed rate cut, the S&P 500 has gained an average of +13.7%. Chart: Fannie Mae 6.0% Mortgage Bond (Friday Sep 14, 2007)

The Mortgage Market View...

TIMING IS EVERYTHING...ESPECIALLY WHEN IT COMES TO SAVING CASH! Did you know that the fiscal year for Japanese companies ends in March? Do you care? You SHOULD...if you want the best deal on a new television for your home theater system. That's because new models and products are scheduled for release at the beginning of the new fiscal year--which for Japanese electronics companies is April. And the release of the new models means...you guessed it...huge discounts on the previous year's models. So if you're shopping for a television, stereo or other electronics, your best bet is to watch for sales in spring. Looking for Even More Savings? You can save on just about every item you need...if you know what season or day of the week to purchase it. Below are some tips to help you save the most on your shopping list. Airplane Tickets: Your best chance for saving is Wednesday morning. That's because airlines introduce their savings over the weekend and during the first few days of the week, subtle price wars begin. By early Wednesday, the savings have usually hit their peak...and there are still plenty of seats left for you to capitalize on. Furniture: Unless you need to replace your sofa or dining room table right away, those "HUGE" weekend and holiday sales aren't the best time to buy. Instead, you should plan ahead and do your furniture shopping in October or April. That's when new lines of furniture are unveiled at industry trade shows...which means you can save big on the in-store stock that needs to be sold before the new inventory takes a seat on the showroom floor. Cars: You probably already know that you can save on car purchases in early fall when new models are released and the current models go on sale. And you may also know that your best chance to negotiate a better price is at the end of a month when car dealers need to make their monthly quotas. But did you know you can drive home a great deal early in the week, especially during the morning? At that time, the dealerships aren't overflowing with shoppers like they are on the weekend, so you'll get more personalized attention. Plus, salespeople are more likely to negotiate when they don't have three or four other buyers waiting in the wings to pay full price. Gas: We've all seen gas prices jump as travel weekends approach. It's a common occurrence...but it can be avoided. Whether you're planning to travel or not, the best time to top-off your tank is early Thursday morning. Then, watch the prices rise and calculate your savings! Toys: The winter holiday season is a no-brainer for toy sales. But you can also save some serious dollars at the end of summer. Think about it...department stores only have so much room to store their merchandise. And by the end of the summer, they're starting to stock up for the big holiday push...which means they have to get rid of their current inventory of fun. So for savings of 60 percent off and more, try toy shopping as summer winds down in August. Clothing: By the time the weekend rolls around, just about every dressing room is filled...and the best deals have been picked over already. Why? It's simple. With the large number of special promotions to be marked and shelves to be stocked, most clothing stores get started early. And savvy shoppers, like you, can get the best deals and the best selection by Thursday evenings. As an added bonus, the stores, dressing rooms, and checkout lines aren't nearly as crowded--so you save on stress too! The moral of the story--plan ahead on your purchases and you'll be rewarded! And be sure to forward on this article to your family, friends, and coworkers too - they'll thank you for it!

The Week's Economic Indicator Calendar

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 September 17 – September 21 Date ET Economic Report For Estimate Actual Prior Impact Mon. September 17 08:30 Empire State Index Sept 18.0   25.1 Moderate Tue. September 18 08:30 Producer Price Index (PPI) Aug -0.1%   0.6% Moderate Tue. September 18 08:30 Core Producer Price Index (PPI) Aug 0.1%   0.1% Moderate Tue. September 18 02:15 FOMC Meeting         HIGH Wed. September 19 10:30 Crude Inventories 9/14 NA   -7011K Moderate Wed. September 19 08:30 Building Permits Aug 1350K   1373K Moderate Wed. September 19 08:30 Housing Starts Aug 1365K   1381K Moderate Wed. September 19 08:30 Core Consumer Price Index (CPI) Aug 0.2%   0.2% HIGH Wed. September 19 08:30 Consumer Price Index (CPI) Aug 0.0%   0.1% HIGH Thu. September 20 08:30 Jobless Claims (Initial) 9/15 320K   319K Moderate Thu. September 20 10:00 Index of Leading Econ Ind (LEI) Aug 0.0%   0.4% Low Thu. September 20 12:00 Philadelphia Fed Index Sept 2.0   0.0 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. In the unlikely event that you no longer wish to receive these valuable market updates, please USE THIS LINK or email: john.m.gallardo@cox.net If you prefer to send your removal request by mail the address is: John Gallardo 609 Calle Ganadero San Clemente, CA 92673 MMG II, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated.   MMG II, 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.

 

The fast way to start a bible study group is with THE INVITATION to Christian discipleship

 http://cid-6e736c71916d5b41.skydrive.live.com/self.aspx/Documents/Bible%20Study%20folder/The%20INVITATION

 Please feel free to download all files from above link but as the spirit of generosity graces you, please donate to the website at:

  http://www.invitetodiscipleship.org/catalog/product_info.php/cPath/47/products_id/87?osCsid=e740db1899e8fc63e225da19fa3c3e23

As the President of this society, it is the mission of this organization to get God's Living Word to us and propagate it into the World in other languages and Countries... We are praying for Indonesia and others in need of this seven year Catholic Bible Study series. I thank you for your support and contribution to our society and solidarity to our mission.

Peace and Joy

John M Gallardo

President

PS Read below the Organization history of this 41 year old Catholic Bible Study.

The St. Joseph Society for the Propagation of The Word Presents:

An Invitation to Christian Discipleship

James P. O’Bryan, S.T., Author and Presenter

It was the early 1970’s when a group of laywomen in Orange, CA approached Fr. O’Bryan about the lack of Catholic Bible studies in Orange County. There was, of course, the Protestant group nearby that had signed up over 200 Catholics to their study. Father knew he couldn’t do the work without a great deal of assistance. Volunteers stepped up to do the logistical tasks and Father worked with the Holy Spirit to provide the works. This was the beginning of his “seven year sentence”. Working 60 – 65 hours per week, he was never more than two weeks ahead and, most of the time, he was working with less than a day to presentation time. His work was all hand written and needed to be typed and copied for distribution. These two hour sessions (1 hour sharing + 1 hour lecture) were attended by approximately 400 people weekly, split between a morning and an evening class. Father swears he never rewrote a word; “I didn’t have time’, he said.

Father’s efforts resulted in a seven year study plus several spin-off works used for educating Catholics around the world. The seven year study includes:

-        The Invitation (Intro to discipleship)                    -   Hebrews                

-        The Gospel of St. Mark                                         -   1 Thessalonians

-        The Gospel of St. Luke                                          -   2 Thessalonians

-        Acts of the Apostles                                              -   1 Corinthians

-        The Gospel of St. Matthew                                   -   2 Corinthians

-        The Gospel of St. John                                          -   Galatians

-        Romans                                                                 -   Revelation

Other excellent teaching materials, often used in RCIA and formation classes, are the result of Father’s dedication to the laity. These materials include, “Christian with a Capital C”, “Rock Foundation Revisited” and “On Eagle’s Wings”.  In 2005, a Group was formed to help publish and distribute Father’s work. The St. Joseph Society for the Propagation of The Word, Inc. has been instrumental in setting up a web site at http://www.invitetodiscipleship.org and taking on the ministry of spreading the Gospel by promoting the instructional works of Fr. O’Bryan.  A complete listing of available materials can be found on this web site.

         Materials available include teacher’s manuals, student workbooks and CDs of lectures.  

This study is designed to be presented by the laity or religious. Guidelines are available for starting a study group. Of particular interest is the fact that these studies are accredited by the Catechetical Institute of Orange County and have the Imprimatur through the Bishop of Orange, California.

                       Check the web site for a study near you, or start one today.

Be advised, this is an “in depth” study of the scriptures so that the Word of Christ, rich as it is, might dwell in us.

            “Thus you will be able to grasp fully, with all the holy ones, the breadth and length and heights                           and depth of Christ’s love, and experience this love which surpasses all knowledge, so that you                     may attain to the fullness of God Himself” (Eph. 3:18-19).

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My blog introduction to what I am up to?

I am launching my personal space on Windows Live to have my family, friends, and mankind at large see what is going on in my life to make a difference in our World for Peace, Faith, Hope, and Love!

 

Firstly, I would thank and praise God for all he has blessed me with a great family, friends, and society that is an awesome gift and treasure. Since the day I was born in 1958, I acknowledge all the persons in my life I will fill this BLOG with the never ending lists of names of all whom I have encountered and future persons whom are unforeseeable now in my lifetime. If you found me you are definitely in my prayers and one of the unforeseeable friends adding to my community of friends and family.

 

In answer to prayers, God lead me to a Society of Lay Christians that has a great sense of Peace and Love for all mankind. I have been with them in spirit since the beginning but really I did not know my journey or fate would be with them when it started in 1976. About twenty years later, I got started to know them through a small bible study group that continued for seven years covering the Old & New Testament scriptures in our Holy Bible. As I thought God finished with my work in that group, he continues to transforms my life in the second cycle of that study series. I know I am in a different place in my life as I gain the wisdom of the Holy Spirit through the Word of God; his spirit is required in our world for the Gifts of Heaven to come into today’s people as believers and unbelievers alike. I invite all people to discipleship, by first registering at www.invitetodiscipleship.org and start a bible study in your home, office or church. God is always waiting patiently with agape love for us; we all only have a limited amount of time here on earth. We can all make a World of… Peace by being Peaceful, Hope by being Hopeful, Faith by being Faithful, Love by being Loving to all mankind. Let’s live it …

 

Peace and Joy,

 

John Michael