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Licensed in:
MD, DC, VA, DE,
PA, NC & FL |
Affiliations:
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January 2007 |
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January 2007 |
The Mortgage Advisory Group
A New Year For Mortgages
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2006 ended with consumer attitudes remaining
positive and we have a strong labor market.
Many
analysts are predicting that housing and
manufacturing markets have hit their low
points, and
while 2007 may not be a banner year,
economic
growth should remain healthy.
Even though the first week of the new year
was a
holiday-shortened week, it was a very active
week.
The week started with the ISM Manufacturing
Index.
After dropping below 50, the threshold for
contracting activity, the ISM Index is
forecasted to
return to 50.0. If it fails to reach that
mark,
mortgage rates may drop just a bit in
anticipation of
future slowing economic growth. However, a
bounce
above 51.0 would likely pop mortgage rates
upward.
All in all a smooth transition into 2007.
Enjoy the
New Year and please don't keep us a secret.
If you
know someone that is looking to refinance or
purchase a new home, investment property or
a
vacation home this year please tell them
about us.
Our continued success depends on you. Thank
you. |
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Are Your Assets Really
Diversified? |
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Joseph Kapp, In conjunction with
Lincoln Financial Advisors, a
registered investment advisor |
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You've heard the old
investment adage,
"Don't put all your
eggs in one basket"
It's good
advice. A
diversified
portfolio should
be at the core
of any well-
planned
investment
strategy. While
a worthy goal at
any age, it's
especially
desirable as
your net worth
grows over the
years.
The basic
purpose of
diversification
is to reduce
your risk of
loss. It's
primarily a
defensive type
of investment
policy.
Depending on
your investment
goals and
tolerance for
risk, your
strategy may
emphasize one
type of
investment over
another. But
overall, your
plan should be
diversified.
That's because
no single type
of investment
performs best
under all
economic
conditions. A
diversified
program is
capable of
weathering
varying economic
cycles and
improving the
trade-off
between risk of
loss and
expected return.
Of course,
diversification
cannot entirely
eliminate the
risk of
investment
losses.
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New Law Affects Your
Paychecks |
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Check your paycheck.
A new law that went
into effect in
Maryland on January
1, 2007 could cost
you money if you are
not careful. The law
prohibits the
printing of an
employees Social
Security Number on
an employee's
paycheck, an
attachment to a
paycheck, direct
deposit notice or
notice of credit to
a debit card or card
account. Violations
are considered a
misdemeanor with a
fine up to $1,000.
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In addition to this
newsletter we also
send out a monthly
Real Estate Listings
newsletter. The
listings that are
highlighted are from
some of our Realtors
that we partner
with. We ask that
you contact the
Realtor that is
showcasing the
listing to see these
great properties.
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Contact Information
phone: 301-728-5505
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