Carlos ThurdeKoos, MCT Group brings you the latest economic opinions/news.

The Federal Reserve Bank is expected to hold rates steady until they have adequate time to evaluate the effect of the economic stimulus and allow slow economic growth to take its course.

The CPI-U (Consumer Price Index, All Urban Consumers), unadjusted from April 2007 to April 2008 increased 3.9 % and the increase from March to April 2008 is .6 %.

The FOMC (Federal Open Market Committee) meeting minutes of May 9, 2008 states that any policy adjustments will depend on inflation and economic growth changes.  This is in addition to the Committee’s position the previous month that includes Financial Markets.

Industrial production is up 1.4 % during the first quarter. 

The US Trade Deficit narrowed in February due to a decrease in imports.

Carlos ThurdeKoos comments: with the dollar value so low, one would assume that exports would increase as other Countries are able to buy American products at a lower price ……….. 

Long term mortgage rates: 6 %

Prime Rate 5 %

Fed Discount Rate 2.25 %

Fed Funds Rate 2 %

Para mayor información: 0414-3273943 ó 407-236-0120 (USA)school@mctgroup.us

Carlos ThurdeKoos, MCT Realty’s principal and Vice President of the local Chapter of the National Association of Real Estate Professionals anounces that the local Chapter held their member’s meeting yesterday at the Lexington Hotel in Downtown Orlando with a Short Sales Seminar entitled “Today’s Perspective on Short Sales …..  the Myth and Facts”. Seminar was from 8:30 AM to 12 Noon with a full breakfast buffet.

The seminar was a success. Carlos ThurdeKoos was the MC and also the panel Moderator. The feature speaker was CJ Snyder, Loss Mitigation Manager for Wells Fargo Home Mortgage.

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MCT Group & Carlos ThurdeKoos reports Key Interest Rates

Prime Rate: 5 %

Fed Discount Rate: 2.25 %

Fed Funds Rate: 2 %

30 year Treasury Bond: 4.58 %

30 Year Fix Mortgage Rate: 6.02

Carlos ThurdeKoos 

MCT Realty

Latest real estate information in Central FLorida.

In accordance with the latest publication by the Orlando Regional Realtor Association, it is my opinion that the real estate market is begining to send signs of a slight recovery. From July 2007 to the end of November 2007 the inventory of listings show over 26 thousand units available.  This number decreased in February 2008 to 25,984, in March 2008 to 25,472 and down to 25,436 in April 2008.

For the first time since May 2007, the number of new contracts increased to over 2000 units with 2,853 units under contract.

The number off sales closed during April (1,147) is the highest since August 2007.

There are some encouraging signs the market is improving. 

This is great time to purchase real estate and if buyers wait too long they may not see these opportunities again.

Carlos ThurdeKoos from MCT Realty reports the following events:

Consumer credit keeps on increasing (up to 2.54 Trillion in February), in accordance with the Federal Reserve data.

Mortgage applications index increased to 725.6 % for the week ending 4/4/08.

International trade deficit widened to 62.3 billion in February as imports increased more than exports although the US dollar continues to be week