It was one of those crisp Sunday mornings that I drug myself out of bed and headed off to Church. Following the service I was quite famished and not wanting to partake in the normal Sunday morning donut fare headed out the the door to take a drive to the local Bread Co. I hopped in old faithful who wasn't feeling so faithful that morning. Turned the crank and heard nothing but clicks...(read more)
No longer available this home is located in the heart of O'Fallon. If you would like to find similar homes register to "total access" and tell us what you are looking for. We will set up a search to automatically e-mail you new listings as they become available on the market.
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Chris Simms, Certified Mortgage Planner had this to say about today's rates in the market:
Rates right now are holding steady at 6^. I know its not the news you wanted. But I might have some good news!
Here's the What, Why and How!
What: Simply investors are nervous. They aren't sure what "is" a safe investment any more. No financial institution seems to..(read more)
Keeping up on the market on a daily basis is key to our business. It is how we customize our marketing plans for eac h and every seller. When looking at the statistics for 2nd Quarter 2008 versus 2nd Quarter 2007 we found some very interesting information.
In St. Louis County there were 3,480 less homes on the market in 2nd Quarater 2008 than there were in 2007. However..(read more)
Yesterday, Chris Simms, Certified Mortgage Planner with Pulaski Bank of St. Louis, had this to say about the market:
Rates are at 6% on a 30 year fixed. They jumped today even though the news has been hugely bond friendly. Investors are feaful that the US govt is writing checks it can't cash. Beng the US decided overnight to bail out AIG with an 85 billion dollar loan, people are..(read more)
Located in the heart of O'Fallon this lovely updated home has no stairs. Take a look at the great curb appeal.
Inside there is plenty of room for the whole family to gather.
Outside there is plenty of room to play and relax.
Within walking distance of many conveniences. A real home town comunity. Is this your life style?
Additional pictures and virtual tour available..(read more)
Chris Simms, Certified Mortgage Planner, with Preferred Home Lending Powered by Pulaski Bank of St. Louis had this to say about the market:
Yesterday we saw the price of oil dip down below its 200 day moving average. While this should have been good news for stocks, bonds, and mortgage backed securities, the European Union saw a contraction in their economy. Because so many U.S. companies..(read more)
We contacted Chris Simms for information on the New FHA Premiums, this is what he had to say:
FHA is one of the few ways that you can explore 100% financing and has been a benefit for a number of individuals who use this type of loan. Yesterday, FHA released some new risk based pricing in regards to credit scores and loan to value. In some cases the premiums are better than previously..(read more)
Chris Simms, Certified Mortgage Planner with Preferred Home Lending powered by Pulaski Bank of St. Louis provided the following about last weeks activity in the maret:
Just like and octopus on skates, so goes the volatile Bond market in recent days - and last week. Bonds and home loan rates skated around, but ultimately closed out the week very close to where they had begun.
Bonds..(read more)
Chris Simms, Certified Mortgage Planner with Pulaski Bank of St. Louis and Preferred home lending has this to say about the market activity this past week:
As you might have heard the Fed dropped the prime rate by .25 basis points leaving the Fed funds rate at 2% and the prime rate at 5%. Usually that means the bond market is boinb to raise rates because of inflation concerns. In this..(read more)
