Today was shaping up to be very slow and boring, with bond markets making some inconsequential gains as traders shed risk ahead of this weekend's French election.
How did France get important? In a nutshell, one of the candidates (Marine Le Pen) is billed as a populist who wants France to divorce the EU, or at least to work out some sort of separation agreement. Anything that calls the stability of the EU into question tends to be a big deal for markets. Brexit was one thing (because Great Britain was never part of the monetary union), but aFrexitwould be amuch bigger deal. We're not necessarily sure a Le Pen victory would result in France exiting the EU, but the mere possibility of such things has traders on edge.
Markets are fairly sure LePen won't win, but they'd like confirmation, and will have it either way on Monday.
Just when everyone wasabout to fall asleepfor the day (with alarms set for Monday morning's post-French-election trading response), tax reform newswires hit. Trump told the AP that he would release a tax plan next week and that it will bebigger than "any tax cut ever."
That was the turning point for bonds(Mortgage Rates) (the concept of tax cuts has generally put upward pressure on stock prices and interest rates). Treasuries and MBS both gave up moderate gains to end the day in just slightly weaker territory. Several lenders repriced for the worse.
Author:Joe Niece Phone: 612-508-4100 Dated: April 21st 2017 Views: 538 About Joe: ...
Located in the 11 county metro, The Trust Team is a leader in the Minnesota real estate market. The Trust Team was founded in 1978, yet represents the best of traditional market knowledge, cutting edge technology and top -notch customer service - all provided by 10 of the most experienced agents in the industry.
We combine the very latest in proprietary internet marketing, and make use of the most current and relevant real estate and social media platforms. We are considered leaders and innovators - always willing to try what is new, and use what is proven. Joe Niece, has more than 3000 past real estate clients, and is an information and renowned internet Guru. His wife Angela Niece and partners, Nikki Moeller, Matt Wolfe, Mike Finstad, Joe Jones, Cory Kingbay, Mary Ellen McGlone, and Stieg Strand have created a most unusual real estate team. 2015 was our best year ever with 498 satisfied clients which gave us the honor of being the #2 team in all of Minnesota. We want your business, promise your complete satisfaction and we are committed to your success !
Episode 2 is here!Jilly & Jade talk about why they got into real estat
"I tried to sell last year and I was unsuccessful so I decided to get some new opinions on what I should do. I interviwed two agents when I was getting ready to sell my home the second time. Angela and the other top person in the area. I was very impressed with both and both she and Angela came up with similar values for our home. The problem was that Angela's value was with me doing three projects and the other Realtor told me that I did not have to do anything. My wife and I were leaning on going with the other Realtor and Angela asked if she could come over and go over a few things with us.
She pulled out the comparable homes that we had picked together when she first met with us and she asked us to look at the pictures. All of the things that Angela was telling us we should do were done on those homes.
She then asked us to think about the signs that we have seen in the area that were his and the signs that we have seen in the area that were hers. Then she asked us one really good question. she said "Do you want to list with the agent that has his signs go up, quickly have a sold sign and then the sign disappears or list with the agent that seems to have the signs up forever. It seemed really logical but we had never thought about it that way. I had always thought about how many signs I saw for the other agent. It made sense that the other agent was not doing more business than, it's that her signs stayed up much longer.
We were convinced to list with Angela but we told him that we thought that our home would be able to sell without doing the things that Angela had suggested. she told us she would market our home like it was the best thing on the market. A month later our home had not sold. she told us we could do the things that she had suggested or drop the price to match the value.
Being a stubborn German, I did two of the things that Angela suggested but not the third. Three weeks later, Angela was talking to me about feedback. she told me that we were going to hurt ourselves unless we decided on one path or the other. Either finish the last project or drop the price before we were stale on the market.
I finished the last project, we went back on the market and sold three showings later. I tell my friends that it was just luck but I know different. Everything that Angela told us she was going to do, she did. Everything that Angela told us was going to happen when we first met with him happened. The price we would get for our home if we did the projects she said we needed to do, we got (once we did the project) she told us the truth and I am grateful that we listed with him and I would suggest that anyone selling a home interview him.