The Feds Policy Statement

Key points:
Last meeting, Esther George voted against leaving rates alone, instead favoring a rate hike. This time around she changed her vote so that it was unanimous.
Only one Fed member in March expected just one rate hike in 2016 (Meaning everyone else expected two or more rate hikes in 2016).

This time around there are now 6 Fed members that expect only 1 rate hike in 2016.
Says Growth in economic activity has picked up.
Says Labor Market Indicators to strengthen gradually but that the pace of labor growth is slowing.
Mentioned a strong 2.5% increase in wages on a YOY basis.
Cut its expectation for full-year gross domestic product growth, from 2.2 percent at the March meeting to 2.0 percent this week.
The committee also lowered its 2017 projection a notch, from 2.1 percent to 2.0 percent.

During Janet Yellen’s Live Press Conference (Still ongoing as of press time), she was directly asked about the Brexit and said that it was discussed and was a big concern of the Fed.  She also reiterated that they are not on any kind of fixed path for rate increase, cuts, or leaving them alone.

You can read their official policy statement here: 

Refinancing or buying a home doesn’t have to be Stressfull

With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
(see what our clients say).
Beleive me, it’s a great deal easier with our help and expertise.

The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunites for a fast easy loan with a great rate.

Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.

For a free consultation

Call or Email:

John Sauro 

Ph: 877-794-5363 

Email: JohnSauro@Gmail.com

Sources CNBC, Teno3, Bloomberg

Rates are subject to change without notice.  The rate of 3.625% with an APR of 3.652% is for a 30 year fixed rate loan with a conforming loan amount up to $417,000 purchase or rate & term refinance with a max loan to value of eighty percent and a 740 credit score and a $1327 origination fee.

Ever wonder how Investors earn 6%+ on Real Estate with No Landlord Responsiblities?

I’m going to share with you what some of the wealthiest real estate investors know that many don’t. Many would like to buy investment real esate, but don’t want the responsability of being a landlord.  I know too many people who decided to buy a two, three or four family investment property, only to be dismayed by the demand placed on them as a landlord. Interupted leases, bad tenants and middle of the night maintinance calls are only a few reasons to stay away from this type of a real estate play.

There is another way.  Its called Single Tenant, Triple Net, Investment Grade Real Estate. Take for example Walgreens or CVS. These companies don’t own many of their stores, they rent and they are considered some of the best tenants because they are strong S&P rated companies.

It’s typical to be able to buy a property being rented by a CVS or Walgreens for only 25% down. Prices on these properties start at $1.5m and up.

The best part is earning 5%, 6% or more, guaranteed by their corporation.  And get this, they pay for the Taxes, Insurance and Maintinence. That’s right, No Landlord Responabilities. All this while the property appreciates over time.  You won’t make that kind of return on investment keeping you money in the bank and its safer than investing it in the stock market.

Recently we handled the acquistion of a national wholsale club for which our client is earning close to 9% with a corporate guarantee and with more than a 12 year lease.
These properties are such a solid investment, that getting financing is fast and easy with our underwriters.

We  specialize in these types of investment properties and are well versed in 1031 exchanges.  We locate the property, arrange the financing and manage the acquisition process.

If you want to know more about this type of investment real estate call,

John Sauro
Ph: 914-764-3261

email: johnsauro@gmail.com
Website: http://www.northatlanticcommercial.com/

Chance of a Rate Hike in June

The Fed is poised for a rate hike in June.  Some of the key points that the markets focused on is that even though there was one decenting vote, there were actually several members that were supportive of a rate hike at the April meeting.  They had less concern over global weakness (China) but did voice concern over how markets would react to the Brits exiting the European Union.

They cerainly left the door wide open for a rate hike in June and feel that the economic data from the second quarter would support it.

THE CURRENT TREND OF ECONOMIC DATA IS STRONG ENOUGH RIGHT NOW FOR A RATE HIKE… IT WILL TAKE A REVERSAL OF THIS TREND FOR THEM NOT TO RAISE RATES.

Richmond Federal Reserve President Jeffrey Lacker stated that the markets totally misinterpreted the Feds statements and bias from their March and April meetings and that he supported a rate increase in April (but he didn’t vote against leaving rates alone).

He also said he sees potential for up to four rate increases still this year.

Federal Reserve minutes  (read the official release here).

Refinancing or buying a home doesn’t have to be Stressfull

With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
(see what our clients say).
Beleive me, it’s a great deal easier with our help and expertise.

The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunites for a fast easy loan with a great rate.

Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.
Call me, John Sauro for a free consultation. 877-794-5363.

Sources CNBC, Teno3, Bloomberg

Rates are subject to change without notice.  The rate of 3.75% with an APR of 3.783% is for a 30 year fixed rate loan with a conforming loan amount up to $417,000 purchase or rate & term refinance with a max loan to value of eighty percent and a 740 credit score and a $1,614 origination fee.

Ever wonder how Investors earn 6%+ on Real Estate with No Landlord Responsiblities?

I’m going to share with you what some of the wealthiest real estate investors know that many don’t. Many would like to buy investment real esate, but don’t want the responsability of being a landlord.  I know too many people who decided to buy a two, three or four family investment property, only to be dismayed by the demand placed on them as a landlord. Interupted leases, bad tenants and middle of the night maintinance calls are only a few reasons to stay away from this type of a real estate play.

There is another way.  Its called Single Tenant, Triple Net, Investment Grade Real Estate. Take for example Walgreens or CVS. These companies don’t own many of their stores, they rent and they are considered some of the best tenants because they are strong S&P rated companies.

It’s typical to be able to buy a property being rented by a CVS or Walgreens for only 25% down. Prices on these properties start at $1.5m and up.

The best part is earning 5%, 6% or more, guaranteed by their corporation.  And get this, they pay for the Taxes, Insurance and Maintinence. That’s right, No Landlord Responabilities. All this while the property appreciates over time.  You won’t make that kind of return on investment keeping you money in the bank and its safer than investing it in the stock market.

Recently we handled the acquistion of a national wholsale club for which our client is earning close to 9% with a corporate guarantee and with more than a 12 year lease.
These properties are such a solid investment, that getting financing is fast and easy with our underwriters.

We  specialize in these types of investment properties and are well versed in 1031 exchanges.  We locate the property, arrange the financing and manage the acquisition process.

If you want to know more about this type of investment real estate call,

John Sauro
Ph: 914-764-3261

email: johnsauro@gmail.com
Website: http://www.northatlanticcommercial.com/

Okay, so here we are with the second quarter of the year upon us and yet another opportunity to to obtain a historically low rate.  This is the third time this year that mortgage rates have visited this low.

What no one knows; is will this be the last time rates hit these low’s, as the market weighs the possibility of Fed Funds Rate Hike.

Refinancing doesn’t have to be Stressfull

With rates so low many have refinanced at least once, even twice.  But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan.  At North Atlantic you receive attentive personalized service
(see what our clients say).
Beleive me, it’s a great deal easier with our help and expertise.

The average time to close a loan is about 30 days.  We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available.  We understand the guidelines and know what different lenders can do, which incresaes your opportunites for a fast easy loan with a great rate.

Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.
Call me, John Sauro for a free consultation. 877-794-5363.

Pending Home Sales Move Forward in February

WASHINGTON (March 28, 2016) — Pending home sales rose solidly in February to their highest level in seven months and remain higher than a year ago, according to the National Association of Realtors®. Led by a sizeable increase in the Midwest, all major regions except for the Northeast saw an increase in contract activity in February.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 3.5 percent to 109.1 in February from a downwardly revised 105.4 in January and is now 0.7 percent above February 2015 (108.3). Although the index has now increased year-over-year for 18 consecutive months, last month’s annual gain was the smallest.

Lawrence Yun, NAR chief economist, says pending sales made promising strides in February, rising to the highest index reading since last July (109.8). “After some volatility this winter, the latest data is encouraging in that a decent number of buyers signed contracts last month, lured by mortgage rates dipping to their lowest levels in nearly a year¹ and a modest, seasonal uptick in inventory²,” he said. “Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what’s being scooped up by a growing pool of buyers. Without adequate supply, sales will likely plateau.”

According to Yun, the one silver lining from last month’s noticeable slump in existing-home sales was that price appreciation lessened to 4.4 percent, which is still above wage growth but certainly more favorable than the 8.1 percent annual increase in January.

“Any further moderation in prices would be a welcome development this spring,” adds Yun. “Particularly in the West, where it appears a segment of would-be buyers are becoming wary of high asking prices and stiff competition.”

Existing-homes sales this year are forecast to be around 5.38 million, an increase of 2.4 percent from 2015. The national median existing-home price for all of this year is expected to increase between 4 and 5 percent. In 2015, existing-home sales increased 6.3 percent and prices rose 6.8 percent.

The PHSI in the Northeast declined 0.2 percent to 94.0 in February, but is still 12.6 percent above a year ago. In the Midwest the index shot up 11.4 percent to 112.6 in February, and is now 2.5 percent above February 2015.

Pending home sales in the South increased 2.1 percent to an index of 122.4 in February but are 0.4 percent lower than last February. The index in the West climbed 0.7 percent in February to 96.4, but is now 6.2 percent below a year ago.

Sources: John Sauro, NAR, TBWS, CNBC, Bloomberg

Rates are subject to change without notice.  The rate of 3.50% with an APR of 3.578% is for a 30 year fixed rate loan with a conforming loan amount up to $417,000 purchase or rate & term refinance with a max loan to value of eighty percent and a 740 credit score and a $1888 origination fee.

Now may be one of the last opportunities to refinance.  Nearly three million home owners have taken advantage of refinancing with Government programs like the “Home Affordable Refinance Program” (HARP). You too could be saving hundreds of dollars every month.

The HARP program is specifically for home owners with little or no equity.

Most HARP refinance loans do not require an appraisal.

Fewer income verification requirements.

Its Simple Easy & Fast.

Call for a Free Consultation 877-794-5363.

New FREE Smartphone App

Stay informed with Rate Alerts and up to date Real Estate & Mortgage information sent to your Smartphone FREE.

WASHINGTON, D.C. (March 9, 2016) – Mortgage applications increased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 4, 2016.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 3.89 percent from 3.83 percent, with points decreasing to 0.38 from  0.39 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,000) increased to 3.81 percent from 3.75 percent, with points remaining unchanged at 0.31 (including the origination fee) for 80 percent LTV loans.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 3.71 percent from 3.67 percent, with points decreasing to 0.37 from 0.40 (including the origination fee) for 80 percent LTV loans.

The average contract interest rate for 15-year fixed-rate mortgages increased to 3.14 percent from 3.13 percent, with points increasing to 0.41 from 0.31 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 5/1 ARMs increased to 3.20 percent from 3.02 percent, with points increasing to 0.32 from 0.31 (including the origination fee) for 80 percent LTV loans.  The effective rate increased from last week.

Sources: MBA, CNBC, Bloomberg

Get real time information that the mortgage experts get. FREE

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Compliments of,

John Sauro
North Atlantic Mortgage
Ph: 877-794-5363

Get real time information that the mortgage experts get. FREE

                   DOWNLOAD FREE APP NOW

Compliments of,

John Sauro
North Atlantic Mortgage
Ph: 877-794-5363

Mortgage Rates plunged to lows not seen since early 2015.  Currently a conventional conforming 30 year Fixed Rate Mortgage is at 3.375% with an APR of 3.435%. This is a very volitile market with several intraday changes. Its time to think fast and move faster, as this may be short lived.   Call me at 914-764-3261 to see if it makes sense for you to refinance.

Yellen Tells Banks to prepare for the possibility of negative treasury rates.

Negative interest rates in the U.S. may seem like a far-fetched idea, but the Federal Reserve is telling banks to prepare, just in case.

For the first time ever, the governing agency and U.S. central bank is requiring banks to include, in a round of stress tests commencing this year, to prepare for the possibility of negatively yielding Treasury rates. The scenario is purely hypothetical and not a forecast, according to a Jan. 28 Fed news release .

However, the development is part of a larger scenario of a world where zero rates are morphing into negative rates. read more

Mortgage Rates Currently Trending	Today’s Mortgage Rate Forecast	Today’s Potential Rate Volatility
Lower	Lower	High