referring friends to friends

Last night I went to PF Changs to meet up with the referral group I am in called MARC, Metro Area Referral Connection. I have talked about it before on my blog, but we meet every Wednesday morning for a meeting to talk about what we do and what kind of referrals are good for us! Once a quarter we meet for a more laid back meeting and appetizers.

 

Last night we had yummy lettuce wraps, calamari, crab ragoon, and egg rolls. We sat out on the patio and could not have picked a better night to hang out. Let me know if you ever need a referral for a web designer, banker, roofer, chiropractor, handy man, insurance, mortgage and MORE! Go to www.okcmarc.com for more details on our group!

New to Edmond/Oklahoma City?!

 

 

 

 

 

 

 

When Your Boxes Are Unpacked is a 10-week course designed for women who have recently moved.

I was involved with the class last year and loved every class. It was very informational about Oklahoma

and it was a perfect time to meet new friends. I urge you to try the class a few times if you are

new to the Edmond or Oklahoma City area.

INVITE anyone you know who is new to this community or, if YOU are new, bring yourself!

Class meets Tuesday mornings, 9:30-11:30, at MRCC from September 13 to November 15.

Child care is provided.

For more information or to register, visit www.unpackingtheboxes.com or contact Marilyn Dobson at 405-341-5141.

 

Weekly Mortgage Update

Inflation data came in higher than expected for July which would normally push rates higher. But there is so much concern over the possibility of a ‘double-dip’ recession that no one is worried about inflation in the near future. Also, it’s becoming increasingly clear that the Eurozone is headed for default sooner rather than later. We are in a global world and the prospect of a Euro-meltdown would definitely have an effect on our economy. This further fuels the ‘double-dip’ fears here in the US with the net result of continued low interest rates.

Housing numbers came out for July as well and showed continued weakness in the US housing market. Remember though, real estate is a local business which is colored by the national job market. In our area, job growth and real estate are much stronger than the rest of the country. Buyers and sellers need to take advantage of the ‘Double-Deal’ that is in front of them. They are LOW housing prices and LOW rates. If you can LOCK in this combination NOW, 3 years hence you will realize that you secured the deal of a lifetime. Talk about security in an uncertain time. This is it!

This week Freddie Mac’s 30 yr. fixed rate survey ended up at 4.15% depending on program, credit and points.

Ted Clay
Senior Loan Officer
Senior Loan Consultant
NMLSR # 217991
OK License # MLO01963
Office: 405-341-8644 x 102
Cell: 405-826-1320
Fax: 866-208-5309
tclay@wrstarkey.com
www.TedClay.com

WR Starkey Mortgage, LLP NMLSR # 2146
10 E. Campbell
Edmond, OK 73034

Weekly Mortgage Update

The Volatility index or the ‘vix index’ is what this week was all about. Basically that is Wall Street’s measure of fear – they call it volatility. When things are calm and people know that they aren’t likely to loose money, the vix is low. When there is FEAR in the markets, the vix is high and market swings are huge. Where did the fear come from?

First, the downgrade of US debt caused concerns. Then the FED came out with concerns over the strength of the economy. They said they will keep rates low for the next TWO years and added fuel to the fear of a ‘double dip’ recession. Finally, and most importantly, the continued melt down of European sovereign debt created doubt as to how it will ultimately affect the global economy. Panic ensued. The stock market plunged as investors looked for a safe place to put their money and the bond market was the beneficiary.

The end result is that we saw rates drop. That is GREAT news for buyers. The bottom line is that today’s mortgage payment now buys you 10% more house!!! It’s Christmas in August….and the sale is here!

This week Freddie Mac’s 30 yr. fixed rate survey ended up at 4.32% depending on program, credit and points.

Ted Clay
Senior Loan Officer
Senior Loan Consultant
NMLSR # 217991
OK License # MLO01963
Office: 405-341-8644 x 102
Cell: 405-826-1320
Fax: 866-208-5309
tclay@wrstarkey.com
www.TedClay.com

WR Starkey Mortgage, LLP NMLSR # 2146
10 E. Campbell
Edmond, OK 73034

Kim and Terra recognized as 5 Star Realtors in the Edmond area!

 

Did you know Kim and Terra are being recognized as 5 Star Realtors in the Edmond area for Overall Satisfaction? Yes, they are, look for more information in the May issue of Oklahoma Magazine.

Five Star Real Estate Agents stay on top by recognizing that they must continually improve upon the service they provide to their clients! This award was given to Terra and Kim, both individually, on a foundation of client and peer research. The award is limited to less than 7% of all Realtors in Oklahoma metro areas.

Who was surveyed: over 5000 subscribers to Oklahoma Magazine and buyers, by phone and mail, who purchased a home between $100-$500,000 between 2008-2010(more than 35,000 households). Each agent was evaluated on customer service, communication, integrity, negotiation, overall satisfaction, market knowledge, closing preparation, marketing the home, and finding the right home. Then the qualified Realtors were reviewed by a blue ribbon panel comprised of realty company executives, professional and trade association officers, and other individuals directly involved in housing-related business before the 5 Star Realtors were selected for the award!