WEEK IN REVIEW: Low Mortgage Interest Rates Will be Here Today, Gone Tomorrow

“Don’t be fooled by today’s low rates,” said Former Fed Chairman Alan Greenspan this week, adding that the present low inflation and low long-term rate environment have fostered a “sense of complacency that can have dire consequences.” Mr. Greenspan also that “long-term rate increases can emerge with unexpected suddenness.” The fact is, there are no fundamental reasons why home loan rates should be as low as they presently are. The confluence of factors all coming together at the same time have made for an incredible low rate opportunity, but it won’t last long and can change very quickly.

Forecast for the COMING WEEK: Upcoming Federal Reserve Meeting & Mortgage Rates

On Wednesday the Fed will release their rate decision and Policy Statement at the conclusion of their Federal Open Market Committee meeting. There is speculation that the Fed may lower their 2010 and 2011 growth targets for GDP making for a very interesting and important Fed Meeting next week, as it could have an important bearing on the direction of rates. 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.

MARKET VIEW: Students & Credit Card Debt

Using credit cards wisely is important for people of all ages, especially for young people just starting out. In fact, a recent study revealed that 84% of college undergraduates had at least one credit card and half of college students had four or more cards. What’s more, the average (mean) balance grew to $3,173, which was higher than the findings in previous studies.

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For more information, contact Dennis Sullivan: Office (410) 750-2167, www.DennisSullivan.org.

Southern Trust Mortgage, LLC is proud to be an Equal Opportunity Lender licensed in SC, MD, DE, GA, WV, DC, L-105905, 5104, 165679, 7342, S-5, 169, MLB-3545. Southern Trust operates as a subsidiary of Middleburg Bank in VA, NC, and PA (FDIC #6881).

Mid-Atlantic Builders creates new luxury homes in Maryland, including Luxury Homes in Prince George’s County, Homes in Upper Marlboro, and Maryland New Homes. We are the Luxury Maryland Homebuilder. crafting only the finest PG County New Homes and luxury communities, including Meadow Creek, Woodmore North, Ashleigh, The Villages of Savannah, and Beechtree.

More than 100 distinguished guests, Prince George’s county residents, and neighbors joined us for the grand opening of the beautiful Somerset Model at The Villages of Savannah on Saturday, June 12^th.  The Mid-Atlantic Builders team held a ribbon cutting ceremony, and proudly unveiled the new entrance monument. Guests enjoyed a barbecue cookout provided by our preferred lenders, prize raffles, and model tours. The team from WHUR 96.3 Radio was on site having fun interacting with visitors, hosting giveaways and playing live music during the event. This was the most well attended grand opening event in the history of Mid-Atlantic Builders.

The Villages of Savannah is one of our most sought-after neighborhoods, located in Prince George’s County just minutes away from the Beltway, off Branch Avenue and Brandywine Road. This prestigious community features ¼ to 1-acre wooded home sites with prices starting from the $300’s.

Mid-Atlantic Builders creates only the finest PG County New Homes, including Meadow Creek, Woodmore North , Ashleigh, The Villages of Savannah, and Beechtree. Mid-Atlantic Builders crafts new luxury homes in Maryland, including New Homes in Prince George’s County, PG County New Homes, New Homes in Upper Marlboro, and Maryland New Homes. We are the Luxury Maryland Homebuilder.

Since 1981, the Superintendent and Board of Education of Prince George’s County Public Schools have been proud to offer its Student Built House Program which allows vocational students to apply their new skills in a real world setting and gain valuable experience.

The 2010 home was the 35th house built by students since the program’s inception has been completed, a Modena plan from Mid-Atlantic Builders . Many of these students may never have picked up a hammer before, and now they have built an entire house from the foundation up. Each of the assisting teachers were presented with an award for their service, and many of the student builders received scholarships for their dedication to quality on the project. Mid-Atlantic Builders is proud to be part of such an important education opportunity for our young residents of Prince George’s County.

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We are Mid-Atlantic Builders, the Luxury Maryland Homebuilder. We build new luxury homes in Maryland, including New Homes in Prince George’s County, PG County New Homes, New Homes in Upper Marlboro, and Maryland New Homes. Mid-Atlantic Builders is the singular source for the finest PG County New Homes and luxury communities, including Meadow Creek, Woodmore North, Ashleigh, The Villages of Savannah, and Beechtree.

Mid-Atlantic Builders is very proud to announce the completion and dedication of a new Mid-Atlantic Builders-designed home, built completely by student hands. This new Modena model was built by students participating in the Prince George’s County Public Schools FACTS (Foundation of Automotive and Construction Technology for Students) program. Led by their teachers, the students built a 4-bedroom, 2.5-bath house, all the way from laying the foundation to completion. 57 sponsors, 24 teachers, and 400 students worked together to complete this beautiful new home.

During the dedication ceremony, outstanding students were recognized for their achievements, and the fully decorated house is now on display and for sale. Funds raised from the sale of the homes are used to purchase materials for the next year’s home to be built and sold.  Interested purchasers should contact Emerick Peace at Keller Williams Property (240-882-0198), or click here.

You can watch a video of the dedication here and you can download a newsletter about the program here.

Mid-Atlantic Builders communities include Ashleigh, Beechtree, Woodmore North, The Villages of Savannah, and Meadow Creek. Mid-Atlantic Builders offers new luxury homes in Maryland, including Luxury Homes in Prince George’s County, New Homes in Upper Marlboro, and Maryland New Homes. Our PG County New Homes and New Homes in Prince George’s County are simply the best value available.

The Washington D.C. area’s April 2010 unemployment figure fell to 5.9%—a net gain of 5,800 new jobs, making the city tops in U.S. for new job growth. In a recent article in the Washington Post, local economists see this evidence as evidence that a real recovery is taking place.

“The losses are shrinking, and we’re getting more gains,” said Stephen S. Fuller, director of the Center for Regional Analysis at George Mason University. “It’s certainly a strong indicator of the spreading recovery.”

And as the jobs available increase here,  we will see an equal demand for more housing, pushing costs higher. “The economy [in the region] looks like it’s recovering faster than the rest of the U.S.” Click here to read the entire article.

Experience the distinctive difference provided by the Luxury Maryland Homebuilder. Mid-Atlantic Builders communities include Ashleigh, Beechtree, Woodmore North, The Villages of Savannah, and Meadow Creek. Mid-Atlantic Builders offers new luxury homes in Maryland, including Luxury Homes in Prince George’s County, New Homes in Upper Marlboro, and Maryland New Homes. Discover our beautiful new homes in Upper Marlboro and our Prince George’s County Luxury Homes.