Ted Gehrke
Loan Originator
NMLS# 240314
ted@turboloans.com
Desert Equity Lending, LLC
NMLS# 173369 MB-0906989
Phone: 602-881-1414
Fax: 480-219-0849
Scottsdale, AZ
Apply Now
Ted Gehrke
Loan Originator
NMLS# 240314
ted@turboloans.com
Desert Equity Lending, LLC
NMLS# 173369 MB-0906989
Phone: 602-881-1414
Fax: 480-219-0849
Scottsdale, AZ
Apply Now

AZ: 480-245-8995
CO: 720-775-9866
APPLY NOW

AZ: 480-245-8995
CO: 720-775-9866
APPLY NOW

loans
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INTEREST RATES Are STILL great! View the tab "Current Rates" Rates! !
We offer great conventional, jumbo, FHA, VA, and NON QM ( the New Subprime! ) loans! Wide variety of loan products! bank Statement loans, stated income loans, Just out of BK, short sale or foreclosure loans!
&
apply now
INTEREST RATES Are STILL great! View the tab "Current Rates" Rates! !
We offer great conventional, jumbo, FHA, VA, and NON QM ( the New Subprime! ) loans! Wide variety of loan products! bank Statement loans, stated income loans, Just out of BK, short sale or foreclosure loans!
&
Desert Equity Lending, LLC NMLS# 173369 | MB-0906989
9856 E Aster Dr Scottsdale AZ 85260 Mortgages Originated by Desert Equity Lending LLC
Desert Equity Lending, LLC NMLS# 173369 | MB-0906989
9856 E Aster Dr Scottsdale AZ 85260 Mortgages Originated by Desert Equity Lending LLC

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Loan Amount ($)
Interest Rate (%)
Loan Term (Yrs)
Payment:

Market Commentary

Updated on November 15, 2018 10:35:47 AM EST

Fed Chairman Powell’s speaking engagement last night yielded few surprises. His comments were generally upbeat about the economy with a reference to keeping an eye on the housing market. He reiterated that inflation is on track for their expectations, indicating that rampant inflation is not much of a concern to them. It does not appear that his words are fueling this morning’s bond gains. We saw bonds rally late yesterday (well before he spoke) on Brexit-related news that caused stocks to do an about-face. After being up over 100 points during morning trading yesterday, the Dow closed down over 200 points. This morning’s gains are more about a continuation of yesterday’s rally then they are of last night’s comments by Chairman Powell.

Octobers Retail Sales data were posted at 8:30 AM ET this morning. The Commerce Department announced a 0.8% rise in consumer level spending last month. This was noticeably stronger than the 0.5% increase that was expected. Even a secondary reading that excludes more volatile and costly auto transactions came in stronger than expected, meaning consumers spent more than thought. Because consumer spending makes up such a large portion of our economy, this was bad news for bonds and mortgage rates. A downward revision to September’s sales that changed from up 0.1% to down 0.1% may be softening the impact of this morning’s stronger than forecasted headline number.

Also posted early this morning was last week’s unemployment update. It showed that 216,000 new claims for unemployment benefits were filed last week. This was slightly stronger than the 214,000 that was expected. However, since this is just a weekly update it has had no impact on today’s bond trading or mortgage pricing.

The week’s calendar will close mid-morning tomorrow with the release of October’s Industrial Production data. The 9:15 AM ET report will give us a measurement of manufacturing sector strength by tracking output at U.S. factories, mines and utilities. Forecasts are calling for a 0.3% increase in production, indicating moderate strength in the manufacturing sector. Stronger levels of production would be considered bad news for the bond market and mortgage rates, but this report is not expected to greatly influence the markets. Therefore, it will likely take a sizable variance from forecasts for it to have a noticeable impact on mortgage pricing.

 ©Mortgage Commentary 2018

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CALL TODAY for your no obligation quote: 602-881-1414

Mortgage Lending State: Arizona and Colorado

Contact us:

Ted Gehrke
Fax: 480-219-0849
Direct: 602-881-1414
Email: ted@turboloans.com

The data relating to mortgage loans and/or real estate for sale on this web site comes in part from the Mortgage 101 program. All data on this web site is deemed reliable but is not guaranteed.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other expert assistance is required, the services of a competent, professional person should be sought. The information contained in this publication is subject to change without notice.

DESERT EQUITY LENDING, LLC MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. DESERT EQUITY LENDING, LLC SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

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Service Provider

 

 

CALL TODAY for your no obligation quote: 602-881-1414

Mortgage Lending State: Arizona and Colorado

Contact us:

Ted Gehrke
Fax: 480-219-0849
Direct: 602-881-1414
Email: ted@turboloans.com

The data relating to mortgage loans and/or real estate for sale on this web site comes in part from the Mortgage 101 program. All data on this web site is deemed reliable but is not guaranteed.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other expert assistance is required, the services of a competent, professional person should be sought. The information contained in this publication is subject to change without notice.

DESERT EQUITY LENDING, LLC MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. DESERT EQUITY LENDING, LLC SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

security Provided by OpenClose Proud Partner of OpenClose for 11 yrs
Service Provider