Not Any Parking lot in Any Store in Any City

This could be any parking lot at any time of the day.  It could also be any parking lot late afternoon long after sunset.  It could be any store or any mall or any church parking lot.  But it is none of those. This is a typical parking lot at 6:15 in the morning in any school in the city.  

Yes,while most of us are thinking about getting out of bed, you have all those dedicated teachers already preparing for the long day ahead of them.  Report cards, lesson plans, worksheets for students and all that stuff does not just appear.  All these are prepared by human hands or maybe even super-human hands and all while most of us are sleeping.

Talk about unsung heroes!  Let's not forget who laid the foundation for professionals such as your doctor, dentist, preacher, lawyer, and yes, even for these bunch of dedicated teachers. Thank a teacher for spending most of the day with our children.  It will make them feel good and it will make you feel good.  

Is it an End to Mortgage Rates Under 4%?

Daily Real Estate News | Monday, January 04, 2016

The 30-year fixed-rate mortgage finished out 2015 breaking above the 4 percent mark. It was the first time in five months the rate edged above 4 percent.

“In the final week of 2015, Treasury yields jumped reacting in part to strong consumer confidence in December,” says Sean Becketti, Freddie Mac’s chief economist. “In response, the 30-year mortgage rate rose 5 basis points to 4.01 percent, ending a five-month span below 4 percent. After averaging 3.9 percent in the fourth quarter of 2015, we expect the 30-year mortgage rate to average 4.7 percent for the fourth quarter of 2016.”

Freddie Mac reported the following national averages with mortgage rates for the week ending Dec. 31, 2015:
30-year fixed-rate mortgages: averaged 4.01 percent, with an average 0.6 point, rising from the previous week’s 3.96 percent average. A year ago, 30-year rates averaged 3.87 percent.
15-year fixed-rate mortgages: averaged 3.24 percent, with an average 0.6 point, increasing from 3.22 percent the previous week. A year ago at this time, 15-year rates averaged 3.15 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgages: averaged 3.08 percent, with an average 0.4 point, up from 3.06 percent the previous week. Last year at this time, 5-year ARMs averaged 3.01 percent.
1-year ARMs: averaged 2.68 percent, with an average 0.2 point, holding the same as last week. A year ago, 1-year ARMs averaged 2.40 percent.

Source: Freddie Mac

Grab your low rate before it is tooooooo late!