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What May Move Mortgage Rates This Week!

Posted by Ivan Sanchez
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on Tuesday, 19 June 2012
in Gold Quest Group

What May Move Mortgage Rates the week of June 18, 2012

Here are a few of the scheduled economic indicators which may impact mortgage rates this week:

  • Tuesday, June 19: Housing Starts and Building Permits.
  • Wednesday, June 20: FOMC Meeting
  • Thursday, June 21: Initial Jobless Claims, Existing Home Sales and Fed Index

Remember, mortgage interest rates are based on mortgage backed securities (bonds) and when the stock market is rallying, rates tend to trend higher. The reverse is also true, as investors will seek the safety of bonds when stocks are tanking.

As Greece seems to be out of the hot water for now, the next event to watch for may be the results of the FOMC Meeting on Wednesday. All eyes and ears will be tuned in for whether or not there will be more stimulus with QE3.

Gold Quest Group post rate and mortgage updates on Twitter and our Facebook page

 

 

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Bad Jobs Report = Great Rates

Posted by Ivan Sanchez
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on Monday, 04 June 2012
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The disappointing May jobs report released this morning means bad news for the economy and for investors, but not for mortgage rates.


The unemployment rate inched up to 8.2 percent and the economy added only 69,000 jobs in May, says the Labor Department. Economists had expected at least 150,000 new jobs.


It gets worse: revisions from previous months show the economy added 49,000 fewer jobs than what the department originally reported.


That's not the type of news investors expected to see during the month that marks the three-year anniversary of the supposed recovery. The recession ended in June 2009, according to the National Bureau of Economy Research.


The just released report has already taken a hit on the stock market, which fell sharply after the dire news.


But amid the avalanche of bad economic news, there's good news for mortgage borrowers.
Already low mortgage rates have tumbled this week and might fall further as investors remain concerned about the prolonged European debt crisis.


The yield on the 10-year Treasury had fallen to a record low of 1.55 percent. After the jobs report came out, the yield slid to 1.46 percent. Mortgage rates tend to follow the direction of treasury yields. Another indicator is the Freddie required net yield, which fell to 3.03 percent after reaching a low of 3.08 percent on Thursday.


Mortgage borrowers: this is your day. Enjoy the low rates while they last.

Article by: Polyana da Costa - June 2, 2012

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2012 BBB Accredited Business: Gold Quest Group - Houston Home Loans, Refinance Mortgage Loans and Hard Money Lender!

Posted by Ivan Sanchez
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on Tuesday, 07 February 2012
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Gold Quest Group, LLC is officially a 2012 Better Business Bureau Accredited Business!  We are a Houston-based mortgage broker serving all of Texas. Today, the firm offersFHA, VA, Fannie Mae, Freddie Mac, Ginnie Mae, USDA, SBA, Hard Money, Super Jumbo and Reverse Mortgages since 2001. Gold Quest Group is a pinnacle award-winning company with thousands of satisfied residential and commercial clients. We have a proven track record of funding loans anywhere from $50k to $15 million. Whether a 1st time home buyer or a seasoned investor, Gold Quest Group can fulfil your real estate financial needs with a best-in-market approach and quickness in funding. 

Gold Quest Group believes in the responsibility to educate the general population of our community regarding the American Dream – home ownership. It is only when a home owner understands the elements of a mortgage that a best decision can be taken. This is what makes us unique in the market place. As previous clients can attest, Gold Quest has provided excellence in customer service.

Gold Quest Group understands the difficulty of choosing the right mortgage company to work with; it's important to partner with someone that has a track record. We take pride on our integrity and knowledge to assist you in your real estate financial needs. Gold Quest Group is customer service-oriented, trustworthy and easy to contact!


Press Contact:
Gold Quest Group, LLC
701 N Post Oak Rd., Suite 204
Houston, TX 77024
713-641-6458
Ivan @ GoldQuestGroup.com
www.GoldQuetsGroup.com

 

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New Government Refinance Assistance Programs! Refinance Today for Historic Low Rates!

Posted by Ivan Sanchez
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on Wednesday, 25 January 2012
in Gold Quest Group

In Obamas State of the Union address yesterday (1/24/2012), President Obama announced plans for a new refinance program that is reportedly going to be targeted to borrowers who are having trouble taking advantage of the government-backed refinance programs already in place.

President Barack Obama called on Congress during Tuesday’s State of the Union address to approve new legislation that would give all homeowners who are current on their mortgages the opportunity to refinance at record low mortgage rates, officials said Tuesday.

Administration officials declined on Tuesday to outline the mechanics or costs of the program, and they said those details would be spelled out in the legislation in the coming days. “Responsible homeowners shouldn’t have to sit and wait for the housing market to hit bottom to get some relief,” Mr. Obama said. ” No more red tape. No more runaround from the banks.” …

Unlike the existing program, which was unveiled in 2009, the latest proposal wouldn’t limit such opportunities to borrowers whose loans are already backed by mortgage giants Fannie Mae and Freddie Mac, which guarantee about half of all outstanding loans.

While details on the new program are forthcoming, there are several very useful refinance programs already in place.

Call Gold Quest Group at 713-621-6458 if you are in need to refinance your home!

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Gold Quest Group: New Web Site! Houston’s Home Loans, Refinance Loans, Hard Money Loans and more!

Posted by Ivan Sanchez
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on Saturday, 14 January 2012
in Gold Quest Group

Gold Quest Group, on January 13, 2012, released a renovated and totally improved website. The site aims to make the process of obtaining home loans, refinance loans and hard money loans to be as easy as possible! The website showcases the various services offered by the company. Gold Quest Group specializes in Houston mortgages, debt consolidation, mortgage credit, and other type of financial services.

Gold Quest Group is one of the top Houston Mortgage based companies and through its online venture it plans to expand its customer base. Though expanding, Gold Quest would never sacrifice its customer care as they have a 12 year record to treat any multi-million deals, the same way as a fifty-thousand dollar one. We have enjoyed a long, successful history of originating FHA, VA, Fannie Mae, Freddie Mac, Ginnie Mae, USDA, SBA, Hard Money, Super Jumbo and Reverse Mortgage loans since 2001. We are an award-winning company with thousands of satisfied residential and commercial clients.

Check out our recent deals and testimonials on our new website to see some of our THOUSANDS of satisfied customers that helped us achieve an A+ with the better business bureau! We commit ourselves to Houston and surrounding areas borrowers and brokers without scarifying customer service!

Gold Quest Group understands the difficulty of choosing the right mortgage company to work with; it's important to partner with someone that has a track record. We take pride on our integrity and knowledge to assist you in your real estate financial needs. Gold Quest Group is customer service-oriented, trustworthy and easy to contact!

“The product sales itself, Gold Quest is well known for their clean ethical standards in the mortgage industry, and that is their source of success!” –Ivan Sanchez, GQG Director of Marketing.

Gold Quest Group is located in Houston near the galleria at 701 N Post Oak Rd, Suite 204, Houston, Texas 77024. To apply for a real estate loan, please contact 713-621-6458. For support, general questions and checkups, please call 713-621-6466.

Please visit the brand new www.goldquestgroup.com for additional details! 

 
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Whether you are considering a purchase, refinance or equity cash out, Gold Quest Group, LLC highly considers superior knowledge and integrity to suit all types of financial needs. Indeed, we have a wide variety of mortgage products with great rates: FHA, VA, Fannie Mae, Freddie Mac, USDA, SBA, Hard Money and Reverse Mortgages. We have most types of grant or loan programs, take SBA and USDA for example, and down payment assistance programs offered by institutions such as the Federal Housing Administration, the City of Houston, Harris County and more. We can offer every kind of residential and commercial mortgage, investor, rehab, swing or bridge, home equity, construction and reverse mortgage loans among many others.


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