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By Paul A. DiSegna | Real Estate Pro in Rhode Island
  • Mortgage Rates Hold Steady: Reports

    Posted Under: Home Buying in North Palm Beach, Home Selling in North Palm Beach, Financing in North Palm Beach  |  March 11, 2011 4:19 AM  |  471 views  |  No comments

    Mortgage Rates Hold Steady: Reports

    03/10/2011BY: CARRIE BAY Printer Friendly View

    Interest rates on home loans remained relatively unchanged this week, according to industry reports released Thursday.

    According to Freddie Mac’s survey, the average rate for a 30-year fixed mortgage came in at 4.88 percent (0.7 point) for the week ending March 10, 2011, up only slightly from 4.87 percent last week.

    The 15-year fixed-rate mortgage this week averaged 4.15 percent (0.7 point) in Freddie’s study, the same as reported last week.

    Adjustable-rate mortgages (ARMs) also showed little movement, with the 5-year ARM edging up to 3.73 percent (0.6 point) and the 1-year ARM down 2 basis points to 3.21 percent (0.5 point).

    Freddie Mac’s chief economist, Frank Nothaft, attributed the leveling off to last Friday’s “strong employment report,” which showed that the unemployment rate fell to 8.9 percent in February as the private sector added 222,000 jobs, the most since March 2006.

    “Interest rates for 30-year fixed-rate mortgages have averaged at or below 5 percent in every week but one this year, contributing to record home affordability,” Nothaft said. “The National Association of Realtors Housing Affordability Index rose to an all-time record high in January, based on figures dating back to 1971.”

    Freddie Mac’s weekly survey is based on data gathered from about 125 lenders nationwide. A separate study by Bankrate, whose findings are derived from information provided by the top 10 banks and thrifts in the top 10 U.S. markets, showed a similar pattern of stabilizing rates.

    According to Bankrate’s survey, the benchmark conforming 30-year fixed mortgage rate edged up from 5.03 percent last week to 5.04 percent (0.42 point) this week.

    The average 15-year fixed mortgage was a touch higher at 4.32 percent (0.39 point), up from 4.31 percent, while the larger jumbo 30-year fixed rate settled slightly lower, dropping from 5.60 percent to 5.58 percent.

    Adjustable rate mortgages were mixed in Bankrate’s survey, with the average 3-year ARM down slightly to 3.84 percent and the 5-year ARM ticking up to 3.88 percent.

  • PASSION AT WORK

    Posted Under: Quality of Life in Delray Beach, Home Buying in Delray Beach, Home Selling in Delray Beach  |  February 14, 2011 5:11 AM  |  581 views  |  No comments

    Jon Gordon's Weekly Newsletter

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    February 14, 2011

    Forward To A Friend

    In this Newsletter:

    Passion at Work - Article

    San Antonio Shark Tank

    From Bud to Boss

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    Greetings!

     


    Soup and Spa

    WoodlochTwo ingredients for an amazing weekend experience. Not only can you enjoy a great stay at one of the most relaxing places on the east coast, but you can join me and my wife for a nourishing weekend of learning and growing.

    For details of my Weekend Soup Workshop at The Lodge at Woodloch, click here.


     

    PASSION AT WORK

    The strongest may survive but it is the passionate that will thrive.

    In my book SOUP, Nancy, the CEO of Soup Inc., writes a memo about passion to share with all her employees. Here’s what she said:

    If we as a company are going to feed greatness and build a world-class company, then we need to infuse passion into our soup and into each other. This means that we must be a company that is filled with passionate people. In the past, you could be lukewarm and mediocre and still be successful. Not anymore.

    Now, in today’s competitive environment, your passion and your purpose must be greater than your challenges. To be successful you have to be willing to work harder, learn more, practice longer, lead better, smile more, and love deeper, and this requires passion.
    Passion wakes you up 30 minutes earlier. It dials your phone one more time to make one more sale. It rallies your team together when times are tough. It moves you to see one more customer after a long day. It inspires you to help a struggling colleague. It provides legendary customer service. Passion transforms workplaces, powers champions, and fuels winning teams.

    “What about someone who has a low-paying job or who is in a job that, quite frankly, is hard to be passionate about?” you might ask. I’ve been thinking a lot about this, and it’s not the job or the money you are being paid, but rather, it’s the passion you bring to your job that matters. After all, I’ve met bus drivers who are more passionate about their jobs than professional athletes making millions of dollars. I’ve worked my way up in countless jobs, and I was as passionate about stocking shelves as I am about being CEO of this company.

    Sure, I realize that not everyone is going to be passionate about all their daily responsibilities associated with their job. I’m certainly not passionate about everything I have to do each day. However, in these cases, you can focus on the one aspect of your job that you are passionate about. You can be passionate about the organization you work for. You can be passionate about your team members and helping them improve, grow, and succeed. You can be passionate about your mission and customers. You can be passionate about making a difference.

    To all those in this company who feel they aren’t able to express their passion because they are in the wrong position and would rather do something else, at Soup, Inc., I want you to be honest about this. We will do everything in our power to find a role or position in the company that allows you to use your gifts and strengths to serve our company with passion.

    And, if there are no jobs that you are passionate about at Soup, Inc., and you are meant to do something else, that’s okay, too. We will do everything we can to help you find another job with another company that allows you to express and live your passion. This is good for you and your future, and it’s also good for us.

    Hopping on another bus to live your passion will help you thrive, and it will also make room on our bus for those who are passionate about Soup, Inc.—and with a bus filled with passionate people we, too, will thrive.

    How about you? Are you passionate about what you are doing at work? Are you living and working with passion? Is your team passionate? Do you agree with what Nancy says about passion? Share your thoughts on our blog or Facebook page.

    For more ways to nourish and inspire your team read SOUP today! 

    -Jon

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    SAN ANTONIO SHARK TANK

    Shark and GoldfishI received a great email from Diane McDaniel, Director of Sales, at Meritage Homes in San Antonio, TX on how they are using The Shark and The Goldfish to help their team sell more homes. I’m sharing it, with her approval, and hope it inspires you.

    You can read her note on my blog here.

    FROM BUD TO BOSS

    Bud to BossThe transition from bud to boss is a challenging but exciting one, one that brings new responsibilities, new relationship dynamics, and new opportunities for personal and career growth. Often, new supervisors don’t get the training, support, and guidance they need to be successful... until now.

    Kevin Eikenberry and Guy Harris have just released a new book,

    From Bud to Boss, that offers a comprehensive solution to the

    leadership transition crisis that many new supervisors face. The

    book is available now but but to celebrate it's launch, they have gathered some terrific gifts from partners and will make them available on February 15th. To find out about the gifts, visit www.frombudtoboss.com on February 15th.


 
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