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

Posted by Ivan Sanchez
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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