WASHINGTON | Tue Feb 1, 2011 3:37pm EST
WASHINGTON Feb 1 (Reuters) - The Federal Reserve could debate extending its bond-buying program beyond June if U.S. economic data proves weaker than expected, Kansas City Fed President Thomas Hoenig said.
Another round of bond buying "may get discussed" if the numbers look "disappointing," Hoenig told Market News International in an interview published on Tuesday.
Hoenig, an inflation hawk who vocally opposed the Fed's commitment to purchase an additional $600 billion in government bonds, reiterated his call for the central bank to reverse course, according to Market News.
He called for the U.S. central bank to "normalize" policy by shrinking its balance sheet and raising interest rates.
Hoenig has argued the Fed should raise rates to 1 percent and potentially higher depending on the economy's performance.
The Fed has kept interest rates near zero percent since December 2008
Thursday, February 3, 2011
Thursday, December 16, 2010
Mortgage Rates for U.S. Loans Jump to Seven-Month High, Freddie Mac SaysBy Prashant Gopal - Dec 16, 2010 10:13 AM ET
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Business ExchangeBuzz up!Digg
Mortgage rates for 30-year U.S. loans jumped to a seven-month high, increasing borrowing costs for homebuyers as the real estate industry struggles to recover.
The average rate for a 30-year fixed loan rose to 4.83 percent in the week ended today from 4.61 percent, Freddie Mac said in a statement. The average 15-year rate increased to 4.17 percent from 3.96 percent, the mortgage-finance company said.
Borrowing costs have climbed for five straight weeks since hitting a record low last month. Mortgage rates are tracking a surge in bond yields amid a Federal Reserve plan to buy $600 billion of debt and speculation that President Barack Obama’s agreement to extend tax cuts will bolster growth and inflation.
“Market concerns over stronger economic growth that, in the near term, could lead to an increase in inflation have sparked a rise in bond yields and mortgage rates have followed,” Frank Nothaft, vice president and chief economist of McLean, Virginia- based Freddie Mac, said in the statement.
Mortgage applications in the U.S. fell for a third straight week as rising borrowing costs discouraged purchases and refinancing, the Mortgage Bankers Association said yesterday. The Washington-based group’s applications index declined 2.3 percent in the week ended Dec. 10. Purchases slid 5 percent, while the refinancing gauge decreased 0.7 percent.
Housing demand, which slowed with the expiration of a federal homebuyer tax credit in April, is being weighed down by unemployment near 10 percent and a deepening foreclosure crisis. The five-week rise in the 30-year rate has pushed the monthly cost of a $300,000 loan to $1,579 from $1,462.
New home construction remains near a record low. Housing starts in November rose to a 555,000 annual rate, up 3.9 percent from October, the Commerce Department reported today. Starts reached a pace of 2.27 million in January 2006.
To contact the reporter on this story: Prashant Gopal in New York at Pgopal2@bloomberg.net
To contact the editor responsible for this story: Kara Wetzel in New York at kwetzel@bloomberg.net
inShare.1More
Business ExchangeBuzz up!Digg
Mortgage rates for 30-year U.S. loans jumped to a seven-month high, increasing borrowing costs for homebuyers as the real estate industry struggles to recover.
The average rate for a 30-year fixed loan rose to 4.83 percent in the week ended today from 4.61 percent, Freddie Mac said in a statement. The average 15-year rate increased to 4.17 percent from 3.96 percent, the mortgage-finance company said.
Borrowing costs have climbed for five straight weeks since hitting a record low last month. Mortgage rates are tracking a surge in bond yields amid a Federal Reserve plan to buy $600 billion of debt and speculation that President Barack Obama’s agreement to extend tax cuts will bolster growth and inflation.
“Market concerns over stronger economic growth that, in the near term, could lead to an increase in inflation have sparked a rise in bond yields and mortgage rates have followed,” Frank Nothaft, vice president and chief economist of McLean, Virginia- based Freddie Mac, said in the statement.
Mortgage applications in the U.S. fell for a third straight week as rising borrowing costs discouraged purchases and refinancing, the Mortgage Bankers Association said yesterday. The Washington-based group’s applications index declined 2.3 percent in the week ended Dec. 10. Purchases slid 5 percent, while the refinancing gauge decreased 0.7 percent.
Housing demand, which slowed with the expiration of a federal homebuyer tax credit in April, is being weighed down by unemployment near 10 percent and a deepening foreclosure crisis. The five-week rise in the 30-year rate has pushed the monthly cost of a $300,000 loan to $1,579 from $1,462.
New home construction remains near a record low. Housing starts in November rose to a 555,000 annual rate, up 3.9 percent from October, the Commerce Department reported today. Starts reached a pace of 2.27 million in January 2006.
To contact the reporter on this story: Prashant Gopal in New York at Pgopal2@bloomberg.net
To contact the editor responsible for this story: Kara Wetzel in New York at kwetzel@bloomberg.net
Monday, October 18, 2010
Negotiating Like a Billionaire
Donald's Dos and Don'ts
In Donald Trump's 2004 book, Trump: How to Get Rich*, he dedicates an entire section to the secrets of negotiation. I think you'll be amazed to know how much the dealings of a multi-billionaire relate to business at any level.
Here are some of the tips he shares for successful negotiation:
Consider What the Other Side Wants.
If you remain too focused on what you want, you'll miss which concessions you can make that might satisfy the other side.
Be Reasonable and Flexible. Unless you are never going to be negotiating again, it will hurt you in the long run if you show an unwillingness to bend. The word will eventually get out, and no one will want to work with you.
Trust Your Instincts. If it sounds too good to be to true, it probably is. Don't let the same brain that struggles with long division be the only decision-maker. Trust your gut!
Know Exactly What You Want and Keep It to Yourself.Chess masters know they've lost the game when their opponent can see their true attack coming. In other words, as soon as the other side knows what you want, they have you by the throat.
Let Your Guard Down, but Only on Purpose. Let out some facts or opinions to "test the waters." See if people are agreeable or disagreeable, in order to gauge what they're thinking and feeling.
Be Patient. Stubbornness is not the same as patience. Don't let your impatience overrun the deal itself. Be willing to wait for the right conditions to be met.
Be True to Your Friends.
Be loyal, be kind, and believe that both sides can come out winners.
Stay tuned for more Business Boosters coming your way!
Donald's Dos and Don'ts
In Donald Trump's 2004 book, Trump: How to Get Rich*, he dedicates an entire section to the secrets of negotiation. I think you'll be amazed to know how much the dealings of a multi-billionaire relate to business at any level.
Here are some of the tips he shares for successful negotiation:
Consider What the Other Side Wants.
If you remain too focused on what you want, you'll miss which concessions you can make that might satisfy the other side.
Be Reasonable and Flexible. Unless you are never going to be negotiating again, it will hurt you in the long run if you show an unwillingness to bend. The word will eventually get out, and no one will want to work with you.
Trust Your Instincts. If it sounds too good to be to true, it probably is. Don't let the same brain that struggles with long division be the only decision-maker. Trust your gut!
Know Exactly What You Want and Keep It to Yourself.Chess masters know they've lost the game when their opponent can see their true attack coming. In other words, as soon as the other side knows what you want, they have you by the throat.
Let Your Guard Down, but Only on Purpose. Let out some facts or opinions to "test the waters." See if people are agreeable or disagreeable, in order to gauge what they're thinking and feeling.
Be Patient. Stubbornness is not the same as patience. Don't let your impatience overrun the deal itself. Be willing to wait for the right conditions to be met.
Be True to Your Friends.
Be loyal, be kind, and believe that both sides can come out winners.
Stay tuned for more Business Boosters coming your way!
Thursday, September 30, 2010
How To Become a Fierce Competitor
How To Become a Fierce Competitor
What Top Producing Sales People Do in Tough Times
Thursday October 21st 10:30 to 12:00PM at Maximum One’s Woodstock Office
• How To Guide to spot opportunity and capitalize on it
• Learn Practical skills to rise to the top, stay focused and gain market share
• Capture Every Profitable Customer
• This 90 minute workshop will propel and jump start your business
Workshop is complementary for all Maximum One Agents
It includes a CD/DVD and a great sales book
What Top Producing Sales People Do in Tough Times
Thursday October 21st 10:30 to 12:00PM at Maximum One’s Woodstock Office
• How To Guide to spot opportunity and capitalize on it
• Learn Practical skills to rise to the top, stay focused and gain market share
• Capture Every Profitable Customer
• This 90 minute workshop will propel and jump start your business
Workshop is complementary for all Maximum One Agents
It includes a CD/DVD and a great sales book
Win Big in Today’s Real Estate Environment
Win Big in Today’s Real Estate Environment
Friday October 15th 10:30 to 12:00PM at Maximum One’s Woodstock Office
Get the knowledge and Skill required to build a Referral Business Machine
Earn Referral Business from Financial Advisors, CPAs and Attorneys
Learn where and how you should be networking. “You need to fish where the big fish swim”
How to Get fence sitters to ………. JUMP
This 90 minute workshop will propel and jump start your business
Workshop is complementary for all Maximum One Agents
It includes a CD/DVD and a great sales book
Friday October 15th 10:30 to 12:00PM at Maximum One’s Woodstock Office
Get the knowledge and Skill required to build a Referral Business Machine
Earn Referral Business from Financial Advisors, CPAs and Attorneys
Learn where and how you should be networking. “You need to fish where the big fish swim”
How to Get fence sitters to ………. JUMP
This 90 minute workshop will propel and jump start your business
Workshop is complementary for all Maximum One Agents
It includes a CD/DVD and a great sales book
Tuesday, July 6, 2010
Mortgage Rates Still Getting Better
"Mortgage Bonds are starting this holiday shortened trading week slightly higher.
Stocks around the globe are higher this morning, thanks to some renewed confidence in European Banks after speculation that the stress tests are showing that European banks are stronger than previously perceived.
Stocks around the globe are higher this morning, thanks to some renewed confidence in European Banks after speculation that the stress tests are showing that European banks are stronger than previously perceived.
Tuesday, June 1, 2010
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