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Homes & Money Newsletter - 4th Quarter 2014

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Homes & Money Newsletter - 4th Quarter 2014



Mortgage News

With Fall Comes Falling Rates


In the 3rd quarter, housing activity was as slow as the dog days of summer. But in October, the autumn air came and with it brought the lowest home loan rates in over a year, according to Freddie Mac.

A market-wide Stock selloff resulted in relief for the Bond market. And since home loan rates are tied to Mortgage Bonds (also called Mortgage Backed Securities), this prompted more activity in the housing market than in recent memory.

Early figures from the Mortgage Bankers Association reported that home loan applications rose week over week early on in the 4th quarter, with refinances accounting for the majority of the activity. Despite this, refinances were still down by almost 30 percent during the same period one year ago.

Higher home prices were largely blamed for deterring first-time homebuyers from purchasing during the usually busy summer months. On the other hand, higher prices and values led to an inverse benefit for current homeowners, who were previously unable to refinance due to insufficient home equity on capped loan limits.

Home builders also remain positive about the housing market, according to the National Association of Home Builders Housing Market Index. Though builder sentiment dipped in October after rising for four straight months from June through September, the NAHB chairman stated that this was in line with the gradual pace of the housing recovery.

Sales of newly built homes took a huge 18 percent leap from July to August, but this figure may be further revised downwards, as reported in a mid-October CNBC report.

As the year comes to a close, many prospective homebuyers, as well as those in the industry, await 2015 with anticipation. Will next year bring looser credit guidelines to encourage more home purchases? Will rates stay low and prices stay high? Check back for a winter recap in the next issue of the Homes & Money Newsletter, coming February 2015.

Did You Know?
Shakespeare is credited with inventing the given names Olivia, Miranda, Jessica and Cordelia, which have become common over the years. Other names, like Nerissa and Titania, have not!

Finance News

3 Simple Steps to Score Great Concert Tickets A cheat sheet for getting cheap tickets to even the most popular shows. By Dylan Cunningham, Kiplinger.com

Step 1: Don't despair if the Web site says a concert is sold out. Call the box office—more tickets may be available. If you have to make a trip to the venue, console yourself with the knowledge that you'll avoid service fees and other charges.

Step 2: If tickets really are sold out (or if you want to see if you can beat the retail price), check the offerings at SeatGeek.com, which consolidates the best deals on sites such as StubHub.com and eBay.com. With these sites, you can pay by credit card or PayPal; they will mail you the tickets or let you download them. If Craigslist has the best price, pick up your tickets in person and be prepared to pay cash. Unlike some online ticket vendors, Craigslist has no protection against fraud. Ask the seller to meet you at the box office so you can be sure the tickets are legit.

Step 3: If tickets are too pricey, check online again the day of or even a few hours before the concert, when sellers often slash prices to avoid being left holding the bag. You can also call the box office the day of the show. More tickets are sometimes released at the last minute.

The payoff—You'll land the seats you want at the right price.

Kiplinger LogoReprinted with permission. All Contents ©2014 The Kiplinger Washington Editors. Kiplinger.com.

Quote of the Day
"The first time I see a jogger smiling, I'll consider it."– Joan Rivers

Creative Cuisine

Pretty in Pink Punch

This is the perfect punch for holiday entertaining! Make it even more festive with different colors and flavors:

  • 3 ounce box of Strawberry or Lime JELL-O
  • 1 cup sugar
  • 3 cups boiling hot water
  • 1 large can pineapple juice
  • 2 liters ginger ale
  • 1/2 gallon vanilla or French vanilla ice cream

Combine the JELL-O, sugar and boiling water, mix well. Add pineapple juice and freeze mixture solid. To prepare, defrost the frozen mixture for about 4 to 5 hours. Place in punch bowl. Add ginger ale and ice cream. The punch will be very foamy at first, but this will settle. Mix well and stir often, and before serving.

Make one of each flavor for the holidays!

Home News

Winterizing Checklist

Follow this handy list (and check it twice) to make sure your home is secured against the winter elements.

Heating system: The colder it gets, the more it costs to fix, so check your heater well before winter. Follow seasonal maintenance in the owner's manual. Change the air filter.

Cooling system: Hose down fan blades and condenser coils on the outside unit. Cover the unit with a securely wrapped tarp to prevent debris and rust. Remove and store window units.

Chimney/Fireplace: Clear the chimney of debris. Ensure flue damper opens properly. Have a professional clean chimneys and stovepipes. Have a professional repair cracks in brick or mortar immediately.

Piping: Insulate all exposed piping and exterior hose bibs and faucets.

Windows: Place a lit candle or burning incense stick nearby to check for drafts and leaks on a windy day. Use rope caulk to seal.

Doors: Check all weather stripping and reinstall new if it appears worn.

Roof: Replace missing or damaged shingles. Check flashing around chimneys and other roof projections. Clean gutters and downspouts.

Sprinkler system: Purge all lines of water with an air compressor to prevent freezing and bursting.

Source: My Home Ideas


Book Review

What If? Serious Scientific Answers to Absurd Hypothetical Questions By Randall Munroe

What if everyone on earth aimed a laser pointer at the moon at the same time? What if you tried to hit a baseball pitched at 90 percent the speed of light? How fast can you hit a speed bump while driving and live? What if all the lightning in the world struck the same place? What if Randall Munroe wrote a book with answers to these extraordinary questions, and many others?

With his background in physics and robotics, Randall Munroe's blog, which features quirky stick-figure drawings on science, technology, language, and even love, has a passionate following of readers who ask lots of questions. With new and never-before-answered questions, Munroe reveals some entertaining and educational facts, confirming his blog's popularity.

"What If?" is now a New York Times Bestseller—available here on Amazon.


Street Smarts

Online Holiday Shopping Do's and Don'ts

DON'T: Click links from unfamiliar websites. Even if the deal is too good to pass up, it could lead to a "phishing" scam.
DO: Enter the website's address into your browser, and check any related reviews or forum mentions of scams.

DON'T: Neglect your passwords. Fifty-three percent of smartphone users don't utilize the password or PIN function for locking phones.
DO: Take advantage of the password feature and keep your information secure in the event that your phone is stolen. Also, make sure you can wipe your data from a remote location.

DON'T: Download holiday apps from unfamiliar websites, and give your permission for the app to have unlimited access to information.
DO: Make sure your apps are downloaded from trustworthy sources such as the Android Market, Apple App Store or the Amazon App Store. Ensure that requests for information make sense for the app's purpose. Always read user comments before installing.

DON'T: Buy all your holiday gifts online using unsecure, Wi-Fi connections.
DO: Window shop to your heart's content on public connections, but wait to buy until you can get to a secure connection at home or the office.

Source: Forbes


Food & Fun Outdoors

5 Tips for Fun Festivities

Make your next barbecue, tailgate, school sporting or outdoor event easier with these great tips.

Pack properly: Pre-chill beverages, then add cans and bottles to the cooler bottoms and cover them completely with ice. Place food containers on top of the ice layer; top off with ice so no warm air can enter. For hot drinks, pack separately in an airtight insulated thermos.

Goodies in, garbage out: Bring your clean cookware and dishes in a plastic tub. When you're ready to go home, line the tub with a garbage bag and put all the dirty dishes inside.

Breakfasts of champions: For early morning events, serve a breakfast that doesn't require dishes; pancake-wrapped eggs and bacon or breakfast burritos are perfect.

Everyone knows it's windy: Minimize too-fast charcoal burning by pointing the underside grill vents away from the wind. Gas grill? Point perpendicular to wind direction.

Goofy goodies: Bring a basket filled with party favors for friends and children: temporary tattoos, beaded necklaces, bracelets and bandanas to match the theme of the party.

Source: Buzzfeed

Trivia Challenge
Match these TV classics with their iconic lead actors!
  1. "3rd Rock from the Sun"
  2. "The Waltons"
  3. "The Fresh Prince of Bel-Air"
  4. "I Love Lucy"
  5. "Welcome Back, Kotter"
  6. "Brady Bunch"
  7. "Roseanne"
  8. "Leave It to Beaver"
  9. "Bewitched"
  10. "King of Queens"
  11. "Scrubs"
  1. John Goodman
  2. Donald Faison
  3. John Lithgow
  4. Ralph Waite
  5. Dick York
  6. Kevin James
  7. Robert Reed
  8. Desi Arnaz
  9. Gabe Kaplan
  10. Hugh Beaumont
  11. James Avery
Trivia Challenge
For answers, see below.


Thank You
As always, we wish to thank our clients who have been kind enough to refer business to us. We appreciate the opportunity to provide excellent service to your family, friends and co-workers.
Trivia Answers
A-3, B-4, C-11, D-8, E-9, F-7, G-1, H-10, I-5, J-6, K-2



Questions, Comments or For more information you can email Christian Penner at TheMortgageTeam@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: 561-316-6800


Homes & Money Newsletter - 4th Quarter 2014

Or You can click "Call Me" below to call Christian Penner directly using Google Voice

blackwhite#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best #homemortgage programs like; #Jumboloans, #FHAHomeLoans, #VAHomeLoans, #ReverseMortgageHomeLoans, #FreddieMacHomeLoans, #FannieMaeHomeLoans and #HARPMortgageLoans. #ChristianPennerMortgageBrokerPalmBeachGardens has Served the area for over 15 years with his #HomeLoanLending Needs and Works with #FEMBIMortgageinJupiter. You Can Also Find Him On fb mortgageFacebook at: http://Facebook.com/YourMortgageBanker

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Christian Penner
250 Central Blvd #101, Jupiter, FL 33458
Phone: +1 (561) 316-6800

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Homes & Money Newsletter - 4th Quarter 2014


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