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Bad Jobs Report = Great Rates

Posted by Ivan Sanchez
Ivan Sanchez
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on Monday, 04 June 2012
in Gold Quest Group
 

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
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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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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