Archive for November, 2011

Mortgage Rate lower

In a rare move the stock market soared and mortgage rates fell. This is in reverse of the normal trend. Usually when stock improve mortgage rates go higher.

Existing Home Sales Increase

Existing home sales for October rose to 4.97 million, a 1.4% increase from September, and a 13.5% increase from October 2010. An additional positive sign is the decline in the number of homes on the market. Total inventory for October fell 2.2% from September. This represents an 8.0 month supply at the current sales pace,… Read More »

Dave Worrie shares marketing ideas with Village Bank Mortgage Loan Officers

  On Monday November 11th, Dave Worrie with Remax Commonwealth, met with Loan Officers from Village Bank Mortgage to share his insite into his marketing success. Dave also meet with Village Bank Mortgage CEO and President Jerry Mabry. During their discussion they agreed that “…housing has never been more affordable. Real Estate values are the… Read More »

Job Openings show improvement

According to the Job Openings and Labor Turnover report (JOLTS), the number of job openings in September was 3.4 million, up from the August reading of 3.1 million. Although the number of job openings is still below the pre-recession reading of 4.4 million in December 2007, there has been significant improvement since the low in… Read More »

Stock Markets show historic increase in October

The Dow Jones Industrial Average and S&P 500 saw historic gains in the month of October. The Dow advanced 12.0%, it’s biggest gain since January 1987. The S&P 500 saw an increase of 13.5%, it’s largest gain since October 1974. Optimism surrounding Europe, positive economic data and better than expected earnings reports all helped these… Read More »