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Mortgage Update From Allen Quinney

visit my website email me now Allen Quinney Loan Officer 812 E Main Puyallup, WA 98372 Office: 253-238-0029 Mobile: 253-722-8565 For the week of April 9, 2012 – Vol. 10, Issue 15 >> Market Update QUOTE OF THE WEEK…"You miss 100% of the shots you don’t take." –Wayne Gretzky, hockey’s all-time leading goal scorer INFO THAT HITS US WHERE WE LIVE… Hopefully, more people will be taking a shot at buying a home, with home ownership regaining its appeal as rents head higher. A real estate research firm reported average apartment rents UP 2.7% last year, while the national vacancy rate went below 5% for the first time since 2001. Increasing rents, plus very affordable home prices and near record low mortgage rates, have made home buying cheaper than renting in most areas, spurring on first-time buyers. A major bank housing analyst said apartment rental costs have historically been about 10% lower than after-tax home ownership costs. That difference began shrinking in 2010 and now apartment rents are about 15% higher than home ownership costs. A new survey found that twice as many real estate professionals, compared to three months ago, expect home values to rise. The housing market appears to be stabilizing as home sales trend upward and homebuilders are more optimistic than they’ve been in years. BUSINESS TIP OF THE WEEK… Focus your networking on the people who have referred business to you or made advantageous introductions. Stay in contact every three months to stay top-of-mind with these important contacts. >> Review of Last Week SLIPPING INTO Q2… In a not-so-wonderful start to the second quarter, the Dow suffered its worst weekly loss since last December, while the S&P500 and the Nasdaq also went lower. FOMC Minutes from the last Fed meeting left investors uncertain about monetary policy, while there were renewed concerns about Spain’s sovereign debt. The ISM Services index, measuring the largest sector of our economy, dipped more than expected, but stayed in positive growth territory, as did the better-than-expected ISM Manufacturing index. Friday, equity markets were closed, but the government’s disappointing jobs report ended the week on a downer for us all. Just 120,000 new jobs were created in March, hugely below expectations. The unemployment rate crept down from 8.3% to 8.2%, but economists explained that was because more people are becoming discouraged and dropping out of the work force. For the week, the Dow ended down 1.2%, at 13060; the S&P 500 closed down 0.7%, to 1398; and the Nasdaq edged down 0.4%, to 3081. Following the weak jobs report, investors sought the safe haven of bonds in Friday’s holiday-shortened session. Bond prices surged, with the FNMA 3.5% bond we watch finishing the week UP .92, to $103.16. National average mortgage rates eased again last week, according to Freddie Mac’s weekly survey. Purchase loan demand rose to its highest level in months. DID YOU KNOW?… The typical home purchased in 2011 was built in 1993, with three bedrooms and two bathrooms in 1900 square feet of space, as reported in the latest NAR survey. >> This Week’s Forecast BUDGET, FED VIEWS, INFLATION… Wednesday’s March Federal Budget should show the government running a big deficit, no surprise there. This will be followed by the Federal Reserve’s Beige Book of economic observations from Fed districts around the country. Could be some good stuff. But the big reports will be PPI wholesale inflation on Thursday and CPI consumer inflation come Friday. The monthly numbers are expected to reflect annual inflation rates slightly above the Fed’s 2% target. This is not good, as inflation cuts consumer buying power, sends mortgage bond prices lower — and mortgage rates up! >> The Week’s Economic Indicator Calendar Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates. Economic Calendar for the Week of Apr 9 – Apr 13 Date Time (ET) Release For Consensus Prior Impact W Apr 11 10:30 Crude Inventories 04/07 NA 9.009M Moderate W Apr 11 14:00 Federal Budget Mar NA –$188.2B Moderate W Apr 11 14:00 Fed’s Beige Book Apr NA NA Moderate Th Apr 12 08:30 Initial Unemployment Claims 04/07 355K 357K Moderate Th Apr 12 08:30 Continuing Unemployment Claims 03/31 3.350M 3.338M Moderate Th Apr 12 08:30 Producer Price Index (PPI) Mar 0.3% 0.4% Moderate Th Apr 12 08:30 Core PPI Mar 0.2% 0.2% Moderate Th Apr 12 08:30 Trade Balance Feb –$52.0B –$52.6B Moderate F Apr 13 08:30 Consumer Price Index (CPI) Mar 0.3% 0.4% HIGH F Apr 13 08:30 Core CPI Mar 0.2% 0.1% HIGH F Apr 13 09:55 Univ. of Michigan Consumer Sentiment Apr 76.1 76.2 Moderate >> Federal Reserve Watch Forecasting Federal Reserve policy changes in coming months… The Fed said it intends to keep the Funds Rate low for quite some time, which is what economists expect. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same. Current Fed Funds Rate: 0%–0.25% After FOMC meeting on: Consensus Apr 25 0%–0.25% Jun 20 0%–0.25% Jul 31 0%–0.25% Probability of change from current policy: After FOMC meeting on: Consensus Apr 25 <1% Jun 20 <1% Jul 31 <1% This e-mail is an advertisement for Allen Quinney. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of PrimeLending, A PlainsCapital Company and cannot be reproduced for any use without prior written consent. It is designed for real estate and other financial professionals only. It is not intended for consumer distribution. The material does not represent the opinion of PrimeLending, A PlainsCapital Company. © 2012 PrimeLending, A PlainsCapital Company. Trade/service marks are the property of PlainsCapital Corporation, PlainsCapital Bank, or their respective affiliates and/or subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved. PrimeLending, A PlainsCapital Company (NMLS no: 13649) is a wholly-owned subsidiary of a state-chartered bank and is an exempt lender in the following states: AK, AR, CO, DE, FL, GA, HI, ID, IA, KS, KY, LA, MN, MS, MO, MT, NE, NV, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WV, WI, WY. Licensed by: AL State Banking Dept.- consumer credit lic no. MC21004; AZ Dept. of Financial Institutions- mortgage banker lic no. BK 0907334; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act- lender lic no. 4130996; CT Dept. of Banking- lender lic no. ML-13649; D.C. Dept. of Insurance, Securities and Banking- dual authority lic no. MLO13649; Illinois Residential Mortgage Licensee, IL Dept of Financial and Professional Regulation, – lender lic no. MB.6760635; IN Dept. of Financial Institutions- sub lien lender lic no. 11169; ME Dept. of Professional & Financial Regulation- supervised lender lic no. SLM8285; MD Dept. of Labor, Licensing & Regulation- lender lic no. 11058; Massachusetts Division of Banking– lender & broker license nos. MC5404, MC5406, MC5414, MC5450, MC5405; MI Dept. of Labor & Economic Growth- broker/lender lic nos. FR 0010163 and SR 0012527; Licensed by the New Hampshire Banking Department- lender lic no. 14553-MB; NJ Dept. of Banking and Insurance-lender lic no. 0803658; NM Regulation and Licensing Dept. Financial Institutions Division- lender license no. 01890; ND Dept. of Financial Institutions- money broker lic no. MB101786; RI Division of Banking- lender lic no. 20102678LL and broker lic no. 20102677LB; TX OCCC Reg. Loan License- lic no. 7293; VT Dept. of Banking, Insurance, Securities and Health Care Administration- lender lic no. 6127 and broker lic no. 0964MB; WA Dept. of Financial Institutions-consumer lender lic no. 520-CL-49075. PrimeLending, A PlainsCapital Company is an Equal Housing Opportunity Lender. NMLS #213518 This email was sent to aquinney@primelending.com. You may unsubscribe from future advertisement e-mails from Allen Quinney. Click here to unsubscribe :: please DO NOT change the subject line of the email, send it as it is.

Allen Quinney MLO 213-518

253-722-8565 | aquinney

On the web http://www.nwhomeloans.net

Mortgage Update From Allen Quinney

visit my website email me now Allen Quinney Loan Officer 812 E Main Puyallup, WA 98372 Office: 253-238-0029 Mobile: 253-722-8565 For the week of April 2, 2012 – Vol. 10, Issue 14 >> Market Update QUOTE OF THE WEEK…“To succeed, jump as quickly at opportunities as you do at conclusions.” –Benjamin Franklin INFO THAT HITS US WHERE WE LIVE… Last week’s housing reports supported the fact there are great opportunities in today’s real estate market, as long as you don’t look at just part of the data and jump to conclusions. For example, February Pending Home Sales, measuring contracts on existing homes, were off 0.5% for the month. But wait a second, Pending Home Sales are now UP 13.9% over a year ago! In the same vein, the S&P/Case-Shiller Home Price Indices slipped a non-seasonally adjusted 0.8% for January and 3.8% from a year ago. But the seasonally-adjusted index of home prices in the 20 largest metro areas was unchanged for the month. And nine of the twenty metros showed price increases! The National Association of Realtors (NAR) expects home prices to rebound in 2012 with existing home sales up 7%-10%, totheir highest level in five years. BUSINESS TIP OF THE WEEK… It’s important to listen to your customers to see things from their point of view. But then firmly set their expectations to what you can deliver, so they’ll be satisfied at the end. >> Review of Last Week HIGH-SCORING FIRST QUARTER… We’re not talking basketball, just S&P 500 stocks, which ended the week posting their biggest first quarter gain in over a decade, up a very strong 12%. The Dow registered the best first quarter advance in its history, an 8.1% hike. Not to be outdone, the Nasdaq went up almost 19% the first quarter. Experts said that big institutional investors are feeling a little better about the economy and looking to make money in riskier stocks, pushing prices up. The economic data continues mixed. Personal income and personal spending were up in February, both good things, but inflation was worrisome. Overall prices are up 2.3% the last 12 months, above the Fed’s 2% target. University of Michigan Consumer Sentiment was up more than expected, but the Consumer Confidence Index was down. Fed Chairman Bernanke voiced his concerns that job market conditions remain far from normal. For the week, the Dow ended UP 1.0%, at 13212; the S&P 500 closed UP 0.8%, to 1408; and the Nasdaq went UP 0.8%, to 3092. Bond prices held steady, as there are still enough economic concerns to keep safe haven buyers participating in the market. The first quarter ended with the FNMA 3.5% bond we watch finishing the week UP .12, at $102.24. After edging up the last two weeks, national average mortgage rates switched direction in Freddie Mac’s weekly survey. Mortgage rates remain firmly at historically low levels. DID YOU KNOW?… According to the NAR, the top 3 approaches first-time home buyers use are: 1) online search for homes; 2) online search for info on the home buying process; and 3) contacting a mortgage lender. >> This Week’s Forecast FED MUSINGS, MARCH JOBS… As the Spring home selling season begins, it could certainly use the support of a healthier jobs market. Tomorrow, the FOMC Minutes from the Fed’s March 13 meeting could put some overall economic perspective on the situation. We’ll see. Then Friday, we get the March Employment Report. Unfortunately, no major improvement is foreseen. The modest rate of job creation we’ve had the last few months should drop a bit, with unemployment still at 8.3%. >> The Week’s Economic Indicator Calendar Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates. Economic Calendar for the Week of Apr 2 – Apr 6 Date Time (ET) Release For Consensus Prior Impact M Apr 2 10:00 ISM Index Mar 53.0 52.4 HIGH Tu Apr 3 14:00 FOMC Minutes 3/13 NA NA HIGH Tu Apr 3 10:00 ISM Services Mar 56.9 57.3 Moderate W Apr 4 10:30 Crude Inventories 03/31 NA 7.102M Moderate Th Apr 5 08:30 Initial Unemployment Claims 03/31 355K 359K Moderate Th Apr 5 08:30 Continuing Unemployment Claims 03/24 3.355M 3.340M Moderate F Apr 6 08:30 Average Workweek Mar 34.5 34.5 HIGH F Apr 6 08:30 Hourly Earnings Mar 0.1% 0.1% HIGH F Apr 6 08:30 Nonfarm Payrolls Mar 200K 227K HIGH F Apr 6 08:30 Unemployment Rate Mar 8.3% 8.3% HIGH >> Federal Reserve Watch Forecasting Federal Reserve policy changes in coming months… Economists expect the Fed to keep the Funds Rate low for quite some time. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same. Current Fed Funds Rate: 0%–0.25% After FOMC meeting on: Consensus Apr 25 0%–0.25% Jun 20 0%–0.25% Jul 31 0%–0.25% Probability of change from current policy: After FOMC meeting on: Consensus Apr 25 <1% Jun 20 <1% Jul 31 <1% This e-mail is an advertisement for Allen Quinney. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of PrimeLending, A PlainsCapital Company and cannot be reproduced for any use without prior written consent. It is designed for real estate and other financial professionals only. It is not intended for consumer distribution. The material does not represent the opinion of PrimeLending, A PlainsCapital Company. © 2012 PrimeLending, A PlainsCapital Company. Trade/service marks are the property of PlainsCapital Corporation, PlainsCapital Bank, or their respective affiliates and/or subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved. PrimeLending, A PlainsCapital Company (NMLS no: 13649) is a wholly-owned subsidiary of a state-chartered bank and is an exempt lender in the following states: AK, AR, CO, DE, FL, GA, HI, ID, IA, KS, KY, LA, MN, MS, MO, MT, NE, NV, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WV, WI, WY. Licensed by: AL State Banking Dept.- consumer credit lic no. MC21004; AZ Dept. of Financial Institutions- mortgage banker lic no. BK 0907334; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act- lender lic no. 4130996; CT Dept. of Banking- lender lic no. ML-13649; D.C. Dept. of Insurance, Securities and Banking- dual authority lic no. MLO13649; Illinois Residential Mortgage Licensee, IL Dept of Financial and Professional Regulation, – lender lic no. MB.6760635; IN Dept. of Financial Institutions- sub lien lender lic no. 11169; ME Dept. of Professional & Financial Regulation- supervised lender lic no. SLM8285; MD Dept. of Labor, Licensing & Regulation- lender lic no. 11058; Massachusetts Division of Banking– lender & broker license nos. MC5404, MC5406, MC5414, MC5450, MC5405; MI Dept. of Labor & Economic Growth- broker/lender lic nos. FR 0010163 and SR 0012527; Licensed by the New Hampshire Banking Department- lender lic no. 14553-MB; NJ Dept. of Banking and Insurance-lender lic no. 0803658; NM Regulation and Licensing Dept. Financial Institutions Division- lender license no. 01890; ND Dept. of Financial Institutions- money broker lic no. MB101786; RI Division of Banking- lender lic no. 20102678LL and broker lic no. 20102677LB; TX OCCC Reg. Loan License- lic no. 7293; VT Dept. of Banking, Insurance, Securities and Health Care Administration- lender lic no. 6127 and broker lic no. 0964MB; WA Dept. of Financial Institutions-consumer lender lic no. 520-CL-49075. PrimeLending, A PlainsCapital Company is an Equal Housing Opportunity Lender. NMLS #213518 This email was sent to aquinney@primelending.com. You may unsubscribe from future advertisement e-mails from Allen Quinney. Click here to unsubscribe ::please DO NOT change the subject line of the email, send it as it is.

Allen Quinney MLO 213-518

253-722-8565 | aquinney

On the web http://www.nwhomeloans.net

Clearwire Scam, Clearwire Sucks, Clearwire Exit Email to Cancel Internet Service!

Hello Geoff,

I switched from Comcast to Clearwire back in December and have had nothing but issues concerning connectivity. My home is located within .5 mile of one of your towers with no obstructions and my machine always has 5 bars…. Always.

Yet, my ability to surf the internet on one computer at a time is spotty at best and extremely slow. My family relies on streaming Netflix on our Xbox and we have not been able to enjoy that for more than a few weeks at a time despite being told when we signed up how well Clear works for such needs. The reason we have been able to enjoy it that often during our time with Clear is because I would call and spend the better part of an hour on the phone with your tech folks whose only knowledge of how to fix the problem is the scientific method of rotating the machine and powering it off and back on. My 7 year old can trouble shoot a machine in that manner due to handheld devices and smart phones…

The reason for my complaint is because your companies technique for sharing bandwidth is quite transparent and is for the lack of a better term a scam. Each time that my automatic payment was deducted for my monthly service fee my bandwidth would slow immensely. After struggling for several days I would place a call to your tech support line and they would run through the same worthless suggestions over and over. After listening to me voice my opinion about how pathetic your internet connection is and having me visit speedtest.net to verify my speed is less than 1mbs they would “refresh” my connection and provide me with a better share of bandwidth. Only to last until my payment came out again… It’s because of this that I quickly deduced that your companies best practice involves only doing enough to keep people from cancelling and or taking advantage of those who don’t know any better.

This practice is unethical and indicative of similar methods used by any other failed company’s. Last Thursday I contacted Comcast and have since switched back to them and therefore the services of Clearwire will no longer be needed in my household. I am certain that at this point you are wondering why I didn’t just call the phone number to customer service and cancel with them. Well, I have read on many blogs that Clearwire is notorious for not cancelling the service upon request and continuing to charge the monthly fees to the cancelled clients long after the cancellation request and I am not willing to waste any more of my time with your company than is needed. My hope is that at least this email can provide some better response and service than the other parts of your company. I will use this email as my record to help support my defense when Clearwire takes another payment post my cancellation.

I also thought you might want to know that I have blogged about Clearwire on my blog and all of my social media sites as well. In addition to that I will be putting this email up on there today and will be forwarding this email to all of my contacts. I have never been so dissatisfied with a company in all my life as I am with Clearwire. As a matter of fact I have never blogged negatively about any service or product until now.

Just thought you should know. Now, can you execute my cancellation or do I need to call the 888 number? My last payment was taken out on 3/15/2012 and since it pays for the upcoming months service I will be expecting a pro-rated reimbursement starting from today. If you need information to access my account it is all available in this email. My name, phone number and email address that are all associated with my account are listed here. Let’s see how useful this email address that you have listed on your website is in comparison with the rest of the company.

Thank you for your prompt action.

The greatest compliment you can give is a referral!!

Click my picture to visit me on the web!

Mortgage Update From Allen Quinney

visit my website email me now Allen Quinney Loan Officer 812 E Main Puyallup, WA 98372 Office: 253-238-0029 Mobile: 253-722-8565 For the week of February 20, 2012 – Vol. 10, Issue 8 >> Market Update QUOTE OF THE WEEK…"Strive for continuous improvement, instead of perfection." –Kim Collins, track and field star INFO THAT HITS US WHERE WE LIVE… U.S. homebuilding is certainly following the advice of the first World Champion sprinter from Saint Kitts and Nevis. With housing starts registering a 699,000 annual rate in January, we’re still a good way from perfection, but continuous improvement is being demonstrated. Also improved were December’s starts, upwardly revised to 689,000. Best of all, the three-month moving average improved to a 697,000 annual rate, a three-year high. And single-family starts are up 16.2% versus a year ago. New building permits were also up in January 0.7%, to a 676,000 annual rate. Versus a year ago, they’re up 55% for multi-family and up 6.2% for single family homes. Even better, the number of single-family homes under construction was up 2.1% in January, the largest gain since 2004. And there were 119,000 more single-family starts than completions in January, the widest gap in those numbers since the housing boom peak in 2006. Builders clearly are more optimistic. BUSINESS TIP OF THE WEEK… It’s important to stay optimistic. Every problem has a solution and you’ll usually find it more quickly by having a positive attitude from the start. >> Review of Last Week UP… The stock market went in the right direction, enjoying its sixth advance in seven weeks with the S&P 500 at a new nine-month high. It wasn’t clear why investors felt so good, as economic signals continued mixed. The Greek parliament approved austerity measures, but the situation is not yet resolved and there are other spendthrift Eurozone countries waiting in the wings. Good news over here included the above Housing Starts, plus weekly initial jobless claims dropping to 348,000. Although declining, this number is still not where it needs to be. Then there’s inflation. Core CPI put consumer prices up a greater than expected .02% for January and up 2.3% year-over-year, their biggest gain since 2008. Leading Economic Indicators (LEI) were up a fourth straight month, but lower than expected. Manufacturing showed surprising strength in the Philadelphia and New York regions, yet overall industrial production came in flat. Retail sales were up in January following a flat December, but car sales were stalled. For the week, the Dow ended up 1.2%, at 12950; the S&P 500 closed UP 1.4%, at 1361; and the Nasdaq shot up 1.6%, to 2952. There were small pull backs in bond prices as investors pulled out, hoping the Greek debt crisis would get resolved this weekend. The FNMA 3.5% bond we watch ended the week down only .06, to $103.10. The national average rate on a 30-year fixed rate mortgage stayed at its record low level in Freddie Mac’s weekly survey. Average rates overall remain historically low. DID YOU KNOW?…The top reasons people are selling their homes is for job relocation, tied with a need for more space, according to the latest seller profile from the National Association of Realtors. >> This Week’s Forecast HOME SALES, JOBS, CONSUMER MINDSET… It’s a quiet week for economic reports but two big ones will depict the state of the housing market in January. Wednesday’s Existing Home Sales are expected up just a bit, and Friday’s New Home Sales are also forecast to rise, though still far below where they should be. We’ll monitor weekly Initial Jobless Claims and Continuing Claims on Thursday, and Friday brings the final read on University of Michigan Consumer Sentiment for February. The markets will be closed Monday in observance of Presidents’ Day. >> The Week’s Economic Indicator Calendar Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates. Economic Calendar for the Week of Feb 20 – Feb 24 Date Time (ET) Release For Consensus Prior Impact W Feb 22 10:00 Existing Home Sales Jan 4.63M 4.61M Moderate Th Feb 23 08:30 Initial Unemployment Claims 2/18 355K 348K Moderate Th Feb 23 08:30 Continuing Unemployment Claims 2/11 3.450M 3.426M Moderate Th Feb 23 11:00 Crude Inventories 2/18 NA -0.171M Moderate F Feb 24 09:55 Univ. of Michigan Consumer Sentiment-Final Feb 73.0 72.5 Moderate F Feb 17 08:30 New Home Sales Jan 315K 307K Moderate >> Federal Reserve Watch Forecasting Federal Reserve policy changes in coming months… Last week’s FOMC Minutes from the January 25 meeting revealed only one Fed member thought inflation would necessitate a rise in the Funds Rate before the end of 2014. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same. Current Fed Funds Rate: 0%–0.25% After FOMC meeting on: Consensus Mar 13 0%–0.25% Apr 25 0%–0.25% Jun 20 0%–0.25% Probability of change from current policy: After FOMC meeting on: Consensus Mar 13 <1% Apr 25 <1% Jun 20 <1% This e-mail is an advertisement for Allen Quinney. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of PrimeLending, A PlainsCapital Company and cannot be reproduced for any use without prior written consent. It is designed for real estate and other financial professionals only. It is not intended for consumer distribution. The material does not represent the opinion of PrimeLending, A PlainsCapital Company. © 2012 PrimeLending, A PlainsCapital Company. Trade/service marks are the property of PlainsCapital Corporation, PlainsCapital Bank, or their respective affiliates and/or subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved. PrimeLending, A PlainsCapital Company (NMLS no: 13649) is a wholly-owned subsidiary of a state-chartered bank and is an exempt lender in the following states: AK, AR, CO, DE, FL, GA, HI, ID, IA, KS, KY, LA, MN, MS, MO, MT, NE, NV, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WV, WI, WY. Licensed by: AL State Banking Dept.- consumer credit lic no. MC21004; AZ Dept. of Financial Institutions- mortgage banker lic no. BK 0907334; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act- lender lic no. 4130996; CT Dept. of Banking- lender lic no. ML-13649; D.C. Dept. of Insurance, Securities and Banking- dual authority lic no. MLO13649; Illinois Residential Mortgage Licensee, IL Dept of Financial and Professional Regulation, – lender lic no. MB.6760635; IN Dept. of Financial Institutions- sub lien lender lic no. 11169; ME Dept. of Professional & Financial Regulation- supervised lender lic no. SLM8285; MD Dept. of Labor, Licensing & Regulation- lender lic no. 11058; Massachusetts Division of Banking– lender & broker license nos. MC5404, MC5406, MC5414, MC5450, MC5405; MI Dept. of Labor & Economic Growth- broker/lender lic nos. FR 0010163 and SR 0012527; Licensed by the New Hampshire Banking Department- lender lic no. 14553-MB; NJ Dept. of Banking and Insurance-lender lic no. 0803658; NM Regulation and Licensing Dept. Financial Institutions Division- lender license no. 01890; ND Dept. of Financial Institutions- money broker lic no. MB101786; RI Division of Banking- lender lic no. 20102678LL and broker lic no. 20102677LB; TX OCCC Reg. Loan License- lic no. 7293; VT Dept. of Banking, Insurance, Securities and Health Care Administration- lender lic no. 6127 and broker lic no. 0964MB; WA Dept. of Financial Institutions-consumer lender lic no. 520-CL-49075. PrimeLending, A PlainsCapital Company is an Equal Housing Opportunity Lender. NMLS #213518 This email was sent to aquinney@primelending.com. You may unsubscribe from future advertisement e-mails from Allen Quinney. Click here to unsubscribe :: please DO NOT change the subject line of the email, send it as it is.

Allen Quinney MLO 213-518

253-722-8565 | aquinney

On the web http://www.nwhomeloans.net

Snow Wimps? This Seattle/Tacoma Winter Storm Aftermath is Real!

Well, today is Sunday and a lot of attention is being focused on today’s great NFL match ups where the Baltimore Ravens travel to New England to challenge the Patriots and the San Francisco Forty Niners will host the soaring New York Giants.  While I share in the intrigue of watching these games It’s very surreal to remember that here in our little corner of the United States we are still recovering from a huge snow and ice storm that has left thousands still without power!

A storm that caused a writer by the name of Kim Murphy from the Los Angeles Times to refer to residents here as “Snow Wimps”.  As many folks know, the entire Puget Sound area is synonymous with Seattle.  Often times when Seattle is referenced so is Tacoma, Everett and all the areas in between.  One could argue that Seattle is the reference name for all of Western Washington.  With that being said some areas received 2 feet of snow that was topped with an inch of solid ice!

While our power was out my wife and I were listening to KOMO AM 1000 on a battery powered radio to stay updated with school closures and other local news regarding power outages.  According to her interview with John Carlson on Komo AM 1000 Kim Murphy resides here in Seattle and writes for the LA Times.  She also mentioned to John Carlson that she had written the article prior to the ice storm which turned out to be fatal and cause several hundred thousand people to be without power (including my family) for several days.

In fact, as I am typing this thousands are without power still and have been for 4 days now.  Not to mention the temperatures have only briefly risen above 40 degrees!  Fortunately my power has been restored and we are thankful for the hard work of all the power crews from both Tacoma City Light and Puget Sound Energy as they work tirelessly to restore power to the residents of the Puget Sound area.  At one point KOMO AM 1000 was reporting that over 300,000 homes were without power and that as they were restoring customers more were losing power due to falling trees, branches and power lines which created more outages as they were working!

Okay, let’s wrap this up.  This blog is not intended to debate with the writer of “Snow Wimps” but rather to inform and remind people that this storm has not only been fatal but has left many people struggling to stay warm when temperatures are hovering only slightly above freezing.  While some sit without power they may be forced to listen to the sounds of trees falling around them and the flood warnings that have followed.

This storm was real and so is the aftermath.  Snow Wimps?  No, I think the roughly 4 million residents in the Puget Sound area handled it pretty well.  I mean let’s face it, what would the people of Los Angeles do with nearly 2 feet of snow covered with another inch of ice?  Better yet, what would they do with any snow?  I don’t think it went to well last time…

Now let’s hope for some great football games today and above all let’s hope that the rest of the families without power are restored soon and have a chance to get warmed up!  Go Ravens and Giants!

You can view Kim Murhpy’s article by following the link below.

http://latimesblogs.latimes.com/nationnow/2012/01/seattle-snow-storm.html

 

Mortgage Update From Allen Quinney

visit my website email me now Allen Quinney Loan Officer 812 E Main Puyallup, WA 98372 Office: 253-238-0029 Mobile: 253-722-8565 For the week of January 16, 2012 – Vol. 10, Issue 3 >> Market Update QUOTE OF THE WEEK…“If you have to forecast, forecast often.”–Edgar R. Fiedler INFO THAT HITS US WHERE WE LIVE…Economist Fiedler, Assistant Treasury Secretary under Presidents Nixon and Ford, knew that wise forecasters give themselves lots of opportunities for revisions. This time of year, the focus is on forecasts and even though many will soon be revised, some are worth considering. The chairman of the Fisher Center for Real Estate at the University of California, Berkeley, feels home prices have bottomed and are increasing, though not rebounding, where there’s strong job growth. But other economists anticipate a 5% decline in home prices over the next two years. Several industry watchers expect mortgage rates to stay low in 2012, especially the first half of the year. But buyers and those looking to refinance shouldn’t drag their feet. Freddie Mac’s chief economist expects rates to rise at least somewhat during the second half of the year. Fannie Mae’s chief economist thinks rates will stay flat most of the year, but may go up a tick the last quarter. And he’s hopeful lenders will work with more buyers with good credit scores. BUSINESS TIP OF THE WEEK…Don’t fall victim to “analysis paralysis,” putting off a decision until you’ve evaluated every possible option. Successful people just focus on the critical details, then act. >> Review of Last Week SOMEHOW STAYING POSITIVE…From little guys to big time investors, we’re all trying to keep our spirits up on the good news and patiently wait out the bad. This week had a bit of both, ending Friday with the disappointing report that France lost its “AAA” credit rating and Italy and Spain are expected to drop a couple of notches in their ratings as well. But investors found enough encouragement to help stocks post a modest gain for the second trading week of the year. One thing that made everyone upbeat was the latest University of Michigan Consumer Sentiment, which shot up from December’s 69.9 to a preliminary reading of 74.0 for January, its highest level since May 2011. But disappointing news came with December Retail Sales–up just 0.1% overall and down 0.2%, excluding autos. The Fed’s Beige Book noted a modest increase in economic activity but said nothing to allay concerns over the slow pace of recovery. Finally, the trade deficit grew to $47.8 billion with a drop in exports. For the week, the Dow ended UP 0.5%, at 12422; the S&P 500 closed UP 0.9%, to 1289; and the Nasdaq gained 1.4%, to 2711. The bond market enjoyed the benefits of the flight to safety by investors who had new reasons to fret over the European sovereign debt situation. The FNMA 3.5% bond we watch ended the week UP .03, at $103.08. National average rates for all types of mortgages tracked by Freddie Mac hit new lows for the week ending last Thursday. DID YOU KNOW?…Inflation is the overall general upward price movement of goods and services in an economy, usually as measured by this week’s Consumer Price Index (CPI) and Producer Price Index (PPI). >> This Week’s Forecast HOME BUILDING, EXISTING HOME SALES, INFLATION… Housing news comes Thursday with December Housing Starts and Building Permits gauging the state of new construction. The annual rates are expected to dip a little, staying just under 700,000. Friday’s Existing Home Sales for December are expected to rise to 4.57 million, which is encouraging. The week also features December PPI wholesale inflation readings, forecast holding in safe territory, and consumer CPI inflation numbers, also predicted to hold steady. Monday, U.S. markets are closed in observance of Martin Luther King, Jr., Day. >> The Week’s Economic Indicator Calendar Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates. Economic Calendar for the Week of Jan 16 – Jan 20 Date Time (ET) Release For Consensus Prior Impact Tu Jan 17 08:30 NY Empire State Manufacturing Jan 10.0 9.5 Moderate W Jan 18 08:30 Producer Price Index (PPI) Dec 0.1% 0.3% Moderate W Jan 18 08:30 Core PPI Dec 0.1% 0.1% Moderate W Jan 18 09:15 Industrial Production Dec 0.5% -0.2% Moderate W Jan 18 09:15 Capacity Utilization Dec 78.1% 77.8% Moderate Th Jan 19 08:30 Initial Unemployment Claims 1/14 387K 399K Moderate Th Jan 19 08:30 Continuing Unemployment Claims 1/7 3.613M 3.628M Moderate Th Jan 19 08:30 Consumer Price Index (CPI) Dec 0.1% 0.0% HIGH Th Jan 19 08:30 Core CPI Dec 0.1% 0.2% HIGH Th Jan 19 08:30 Housing Starts Dec 670K 685K Moderate Th Jan 19 08:30 Building Permits Dec 680K 681K Moderate Th Jan 19 10:00 Philadelphia Fed Manufacturing Jan 10.0 10.3 HIGH Th Jan 19 11:00 Crude Inventories 1/14 NA 4.958M Moderate F Jan 20 10:00 Existing Home Sales Dec 4.57M 4.42M Moderate >> Federal Reserve Watch Forecasting Federal Reserve policy changes in coming months… The experts expect the Fed Funds Rate to stay at super low levels. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same. Current Fed Funds Rate: 0%–0.25% After FOMC meeting on: Consensus Jan 25 0%–0.25% Mar 13 0%–0.25% Apr 25 0%–0.25% Probability of change from current policy: After FOMC meeting on: Consensus Jan 25 <1% Mar 13 <1% Apr 25 <1% This e-mail is an advertisement for Allen Quinney. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice, or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of PrimeLending, A PlainsCapital Company and cannot be reproduced for any use without prior written consent. It is designed for real estate and other financial professionals only. It is not intended for consumer distribution. The material does not represent the opinion of PrimeLending, A PlainsCapital Company. © 2012 PrimeLending, A PlainsCapital Company. Trade/service marks are the property of PlainsCapital Corporation, PlainsCapital Bank, or their respective affiliates and/or subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved. PrimeLending, A PlainsCapital Company (NMLS no: 13649) is a wholly-owned subsidiary of a state-chartered bank and is an exempt lender in the following states: AK, AR, CO, DE, FL, GA, HI, ID, IA, KS, KY, LA, MN, MS, MO, MT, NE, NV, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WV, WI, WY. Licensed by: AL State Banking Dept.- consumer credit lic no. MC21004; AZ Dept. of Financial Institutions- mortgage banker lic no. BK 0907334; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act- lender lic no. 4130996; CT Dept. of Banking- lender lic no. ML-13649; D.C. Dept. of Insurance, Securities and Banking- dual authority lic no. MLO13649; Illinois Residential Mortgage Licensee, IL Dept of Financial and Professional Regulation, – lender lic no. MB.6760635; IN Dept. of Financial Institutions- sub lien lender lic no. 11169; ME Dept. of Professional & Financial Regulation- supervised lender lic no. SLM8285; MD Dept. of Labor, Licensing & Regulation- lender lic no. 11058; Massachusetts Division of Banking– lender & broker license nos. MC5404, MC5406, MC5414, MC5450, MC5405; MI Dept. of Labor & Economic Growth- broker/lender lic nos. FR 0010163 and SR 0012527; Licensed by the New Hampshire Banking Department- lender lic no. 14553-MB; NJ Dept. of Banking and Insurance-lender lic no. 0803658; NM Regulation and Licensing Dept. Financial Institutions Division- lender license no. 01890; ND Dept. of Financial Institutions- money broker lic no. MB101786; RI Division of Banking- lender lic no. 20102678LL and broker lic no. 20102677LB; TX OCCC Reg. Loan License- lic no. 7293; VT Dept. of Banking, Insurance, Securities and Health Care Administration- lender lic no. 6127 and broker lic no. 0964MB; WA Dept. of Financial Institutions-consumer lender lic no. 520-CL-49075. PrimeLending, A PlainsCapital Company is an Equal Housing Opportunity Lender. NMLS #213518 This email was sent to aquinney@primelending.com. You may unsubscribe from future advertisement e-mails from Allen Quinney. Click here to unsubscribe ::please DO NOT change the subject line of the email, send it as it is.

Allen Quinney MLO 213-518

253-722-8565 | aquinney

On the web http://www.nwhomeloans.net

Snow in Seattle/Tacoma?

I can see in the forecast and all over social media that snow is predicted in our forecast here in Tacoma and Seattle. I can also see all the excitement… Well, I for one do not share in this optimism regarding snow! I say, “Stay in the hills where it belongs!”

Although I have heard that playing in the snow is a lot of fun such as snowboarding, skiing, tubing etc… it’s not for me. Fortunately for all of us around the Seattle Tacoma area we have mountains and hills covered in snow only an hour away. Therefore, there is no need for it here in town!

With all that being said perhaps my only issue is that I have never been on a snowmobile? I have never gone skiing or snowboarding? I know many of you are avid winter sports enthusiast so share with me, would I in fact change my perspective on snow if I went out and had a good time in it? Maybe instead of griping about the snow in town here in Seattle and Tacoma and the adverse affects on traffic and such I could instead see snow in the forecast amazing opportunity up on the slopes?

Let me know if I am truly missing out on the joy that is snow or am I correct in the belief that when it lands in the city it’s noting but annoying!

Allen Quinney MLO 213-518

PrimeLending | Mortgage Loan Originator

253-722-8565 | aquinney

On the web http://www.nwhomeloans.net