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Lanning Financial Inc.
For the week of November 7, 2011 |
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Lanning Financial Inc.
636 Fourth Street
San Francisco, CA 94107
415.354.5699 ph. & private fax
Jessica Lanning and Lanning Financial provide mortgage services and financial strategies that bring focus and perspective to your individual financial needs. |
| An Exclusive Offer... | |
The 5 Tastes: sweetish, sweet, sweeter, sweetest, most sweet
Balance Your Turkey
Workshop & Open House
At Stillpoint Wellness Center
A holistic approach to holiday nutrition
HappyBellyHealth.com
shanti@happybellyhealth.com
(415) 308-3529
Join Shanti Pappas, Certified Holistic Health Counselor, and Bria Larson of Larson Acupuncture for a festive Friday evening at Stillpoint Wellness Center in San Francisco.
5 Flavors Holiday Nutrition
Workshop & Tasting
Friday, November 18th, 6-7pm
Register by November 11th to reserve a spot.
Investment:$25
Kick off your holidays with an evening of gastronomic celebration and nutrional education. Learn about resources for the body and mind to help you get through the festive holiday season with zero stress and savvy health. Shanti and Bria will co-present a conversational lecture on balanced eating and how to live calmly amidst the craziness of the holidays. There will be food tasting and the opportunity to ask questions about your holiday health.
Stillpoint Wellness Center
Holiday Open House
Friday, November 18th, 7-9pm
After the lecture and tasting, stay for the Open House, hosted by Stillpoint Wellness Center from 7-9pm.
All are welcome to the open house, although seating is limited for the tasting workshop, so we urge you to register today in order to not miss out on this exquisite pre-holiday opportunity to set your turkey equilibirum.
There is no cost to attend the open house, so drop on by!
Stillpoint Wellness Center is located at 1996 Union Street on the third floor.
HappyBellyHealth.com |
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Last Week in Review... | |
"The only things we can be sure of are death and taxes." Benjamin Franklin. And lately, volatility in the markets is another certainty...and last week was no exception. Read on to learn about the week's big newsmakers, and what they meant for home loan rates.
Friday's Jobs Report from the Bureau of Labor Statistics was a big market mover, showing that 80,000 jobs were created in October, which was just slightly below expectations. In addition, 104,000 private sector jobs were created, also just below expectations while the unemployment rate dropped to 9%, from a previous reading of 9.1%. A big positive in the report was once again upward revisions to prior month's readings, which showed 102,000 more jobs created in the two previous months than what was originally reported.
The takeaway from the report is that it doesn't appear the economy is slipping into another recession...at least not yet. The labor market continues to create jobs, but at a very slow and uneven pace. Until we see significant job growth--north of 150,000 each month, for a sustained amount of time--we won't see meaningful improvement in the economy or the unemployment rate. This turn means that rates should continue to hover at low levels, albeit in a volatile fashion.
Also limiting how high our rates can go is the ongoing European drama. The removal of the referendum (Greek Prime Minister George Papandreou had announced he would put the Euro rescue plan to a referendum or vote amongst the Greek people) is one piece of uncertainty taken away from the market--and that was a big one. However, there are still so many things that can and probably will go wrong until the European leaders put a big, realistic, attainable solution into action. For instance, Italy's Bond yields continue to inch higher, suggesting that their debt problems won't easily be solved and continue to creep towards an unmanageable state.
Plus, Fed Chairman Ben Bernanke said Wednesday during his speech after the regularly scheduled meeting of the Federal Open Market Committee that purchases of Mortgage Bonds are being considered--which is another factor that could benefit home loan rates.
The bottom line is that home loan rates are still near historic lows, which makes now a great time to purchase or refinance a home. Let me know if I can answer any questions at all for you or your clients. | |
| Forecast For The Week... |
Major While the Stock Markets are open Friday, the Bond Market will be closed in honor of Veterans Day. And with fewer economic reports this week--and with earnings season essentially behind us-the Bond Market will take direction from a number of factors.
- The first major report will be released on Thursday when Weekly Jobless Claims are reported. Last week's report showed that weekly claims fell below 400,000 to 397,000, which was better than the 401,000 that was expected.
- The markets will also get a new read on how American consumers feel about the economy with the Consumer Sentiment Index on Friday.
In addition to those reports, the headlines coming out of Europe will continue to influence the markets here in the US, including Bonds and, as a result, home loan rates. Also, this week's Treasury auctions totaling $72 Billion could be a big market mover, depending on how they're received.
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.
As you can see in the chart below, Bonds and home loan rates were able to take advantage of the decrease in Stocks last week, due in part to the uncertainty out of Europe. I'll be monitoring this situation closely in the weeks ahead.
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Chart: Fannie Mae 3.5% Mortgage Bond (Friday, November 04, 2011)
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| The Mortgage Market View... | |
Meals and Deals for Veterans Day!
This Friday, November 11, 2011 is Veterans Day. That means it's the perfect opportunity to honor America's veterans for their patriotism, love of country, and commitment to serve and sacrifice for the common good of the USA.
Need a few ideas of what to do? What if you could go out to eat...go to an amusement park... and much more for free or a special discount? Well, if you're a Veteran, you can!
Don't Plan Your Day Until You Read This
Believe it or not, hundreds of companies around the country offer special Veterans Day deals, including:
*Applebee's
*Chili's
*Denny's
*Golden Corral
*McCormick & Schmick's
*Subway
*Lowe's
*Home Depot
*Anheuser-Busch Parks
*National Parks
*Amazon
*Seven-Eleven
*And many, many more!
Look No Further
The best part is that you can find the details about all these deals in one place! Just visit The Military Wallet's listing for up-to-date Veterans Day free meals and discounts!
And happy Veterans Day to all the men and women who have served our country in the past...and continue to guard our nation! | |
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| Recommend Your Favorite Professionals... | | Jessica is looking to expand her business network and is looking for outstanding professionals in the following fields:
· Tax Attorney
· Nutritionist
· Relocation/Moving Specialist
· Marketing Specialist
If you know someone who is really great, please connect that person to me! Thank you! | |
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| This Week's Economic Indicator Calendar... | |
Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
Economic Calendar for the Week of November 07 - November 11, 2011
The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is not without errors. As your trusted advisor, I am sending you Lanning's LiveWire because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you. In the unlikely event that you no longer wish to receive these valuable market updates, please email: jlanning@jessicalanning.com If you prefer to send your removal request by mail, the address is: Jessica Lanning, CMC Lanning Financial Inc 636 Fourth Street San Francisco, CA 94107 Mortgage Success Source, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Success Source, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose. |
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Jessica Lanning
Lanning Financial Inc.
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