Last week in March review

Last Week in Review

"NO GREAT DISCOVERY WAS EVER MADE WITHOUT A BOLD GUESS." Isaac Newton But even the great mind of Isaac Newton might not have guessed that Bonds and home loan rates would continue on such a volatile course. But let's get bold, and discover what caused the latest rock and roll action in the financial markets, and take a look at what the coming week might have in store.

Forces were certainly at work to keep the financial markets from being at rest, starting bright and early on Monday morning. The headlines brought a quick shot in the arm for Stocks, as beleaguered Bear Stearns is now expected to see $10 per share in their buyout, rather than the previously expected $2 per share. Great news for the troubled financial sector at large, but Bonds got battered hard, as money flowed out of Bonds and into Stocks - causing home loan rates to rise.

But as the week progressed, some dismal news played out, including a plunge in Consumer Confidence and mixed news on the housing market, which pulled the money right back out of Stocks, and into the safe haven of Bonds...helping home loan rates improve again. But like Newton's famous third law of motion, "every action has an equal and opposite reaction" - Bonds and home loan rates changed course again, on better than expected unemployment claims on Thursday.

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Than on Friday brought the discovery that Core inflation is perhaps not as hot as previously thought. The highly watched year-over-year core inflation rate was reported at just 2%, as measured by the Fed's favored Personal Consumption Expenditure Index (PCE), and within the bounds of what the Fed would like to see for core inflation. Since inflation is the arch enemy of fixed return Bonds and home loan rates...this news was good indeed, and caused home loan rates to improve once again. Once the dust settled for the week, home loan rates ended up near where they began, before their weekly roller coaster ride.

WHILE THE MARKETS REMAIN HIGHLY VOLATILE AND UNCERTAIN, AT LEAST TWO THINGS IN LIFE ARE CERTAIN - DEATH AND TAXES. BUT THIS YEAR, SOME GOOD NEWS FOR A CHANGE AT TAX TIME, WITH THE REBATE CHECKS MANY HAVE IN STORE. WANT TO BE CERTAIN ABOUT WHEN TO EXPECT YOURS...AND HOW MUCH IT MIGHT BE? DON'T MISS THIS WEEK'S MORTGAGE MARKET VIEW!

Forecast for the Week

The Bond market will gravitate towards news from the job market this week, with employment information due to arrive on Wednesday and Friday. Although Wednesday's ADP Employment Report has a history of being somewhat unreliable in predicting the "official" Jobs Report number, Bond traders will still try to use it to predict what the Department of Labor's report will show on Friday. And this week, the estimates are negative - meaning no job creations are expected, net job losses are what is anticipated - so any positive reads could be good news for Stocks, but bad news for Bonds and home loan rates. So...surprise, surprise...more volatility for Bonds and home loan rates is likely in store, between the ADP Report release on Wednesday, and the arrival of the Jobs Report on Friday morning.

Remembering that when Bond prices move higher, home loan rates move lower - you can see that the chart below shows some good news. The black line indicates a "floor of support" created by the Bond's 50-day Moving Average - and you can see that the floor is helping Bonds hold their present levels, and if the floor holds, could potentially help them improve even more.

While Bonds and home loan rates could react to early week news of housing and manufacturing, the employment news will definitely be the talk of the week, and any surprises will likely cause a swift reaction.

Chart: Fannie Mae 5.5% Mortgage Bond (Friday Mar 28, 2008)

The Mortgage Market View...

TAX REBATES MAILING SOON... WHEN WILL YOU GET YOURS?

Last month, President Bush signed the Economic Stimulus Package into law - setting aside $168 billion in tax rebates and incentives to help boost the US economy. As we head into spring, those tax rebates are getting ready to hit the mail. So when should you expect yours? That depends on a few factors, including when you file your 2007 tax return, whether you choose direct deposit, and believe it or not...what your social security number is.

Timing Is Everything! We all know the deadline for filing your 2007 taxes is quickly approaching. But you may want to be ahead of the curve if you want your tax rebate sooner, rather than later. That's because tax rebates will start going out on May 2... but only to taxpayers who have their returns "processed" - not just sent - by April 15. The closer it gets to mid-April, the more the IRS gets backed up to process the flood of returns--sometimes taking a couple of weeks to complete. E-filers will get their rebates more quickly, since electronic returns can be processed faster. However, even e-filers should have their returns in by April 10 to be safe.

Would You Like Paper? Or Electronic? Tax rebate checks will start going out on May 2. But here's the deal... taxpayers who chose direct deposit will be first in line. According to the IRS, all direct deposit tax rebates will be wired between May 2 and May 16. Paper checks won't start going out until May 16, and aren't expected to be completed until mid-July.

What's Your Number? The IRS needs some way to determine the order of distributions - but they're not going alphabetically. Instead, tax rebates will be distributed in order of the last two digits of your Social Security number...the lower your number, the sooner you'll receive your payment. For a detailed breakdown of the order, take a look at the IRS's Stimulus Payment Schedule.

About seven to ten days before your rebate is sent, the IRS will send you a notice informing you how much it will be. If you signed up for direct deposit, however, you'll probably receive that information in the mail about the same time your rebate is deposited into your account, since direct deposit transactions are processed so quickly. But you don't have to wait that long to determine approximately how much you'll receive. To calculate your approximate rebate, visit the new online stimulus calculator on the IRS website.

Finally, it's important to remember that the rebate check will not be counted as taxable income and will not reduce your refund or increase the amount you owe when you file your 2008 return. However, if you owe back taxes, the IRS will apply your rebate to that bill and send you whatever is left over.

For more information, visit the Economic Stimulus Package Information page on the IRS website. You can even read detailed answers to Frequently Asked Questions.

Expect Success
Billy Alvaro

P.S Since I've announced the Fr*ee Personalized Economic Problem Prevention Audits that I have been giving away 3 weeks ago over 91 Families have successfully gone through the process saving a combined $61,425.oo dollars a month. How much of that are you saving?

P.P.S There is still time to take advantage of this Personalized Economic Problem prevention audit. Click here www.savemonthly.com/firststep to get started.

P.P.P.S Free really does mean Free. No sales pressure. No games. No B.S. Discover your potential money problem areas and get a detailed plan of action and be on your way from middle class American to the millionaire next door. www.savemonthly.com/audit

The magic of compounding interest

The magic of compounding interest

The late brilliant Albert Einstein said the most powerful force in the universe is compound interest.

I don’t know about you but when someone as brilliant as Einstein makes that statement my ears perk up.
He went on to say this one strategy can transform the lives of those that put it to use. This strategy has created more millionaires over time than all other financial strategies combined.

It has the power to turn mole hills of money into mountains of cash. That’s why some consider it the 8th wonder of the world.

Why is it so powerful and how can it transform your debt into wealth your status From Middle Class to Millionaire.

Simply put when time – interest returns and money are mixed together a magical thing takes place. Your money multiples at an accelerated rate like rabbits in mating season.

Consider this “Trick” question.
Would you rather have $10,000 per day for 30 days or a penny that doubled in value every day for 30 days?" Today, we know to choose the doubling penny, because at the end of 30 days, we'd have about $5 million versus the $300,000 we'd have if we chose $10,000 per day.

Here is the formula to take you from Middle Class to Millionaire.

FV = PV (1 + i)^N
FV = Future Value (the amount you will have in the future)PV = Present Value (the amount you have today)i = Interest (your rate of return or interest rate earned)N = Number of Years (the length of time you invest)

From middle class to millionaire formula for success

· Invest $500 A MONTH FOR 30 YEARS AT 10% rate of return an in 30 years you’ll have accumulated $1,039,645.51

· Invest the same $500 at a rate of 12% and see it expand to $1,540,485.05

· Increase your monthly investment to $1000.00 a month @ 12% and in 30 years you’ll have an amazing $3,080,970.10


What else can you accomplish with the magic of compounding interest?

· Get a jump start on your Childs education fund by using the 529 plan, and have college paid for by their 18th birthday
· Allocate enough money on the side to buy that vacation home
· Invest in real-estate with your compounding tax free retirement account and watch it mushroom
· Get your personal home paid off in 7-11 years or sooner…What would life be like without a mortgage?

As you can see the magic of compounding interest can make you a millionaire when used strategically.

In fact it’s these same mathematical formulas the banks have been using for decades to earn HUGE rates of returns on the interest you pay on credit cards car loan student and most of all your mortgage. If it makes the wealthiest bankers rich why not put it to use for yourself and family?

Call me clairvoyant but I think at this very moment you’re saying great Billy I could be a millionaire if I only had the extra $500 or $1000 sitting around to invest , but I don’t and I don’t even know where to start.

Don’t sweat it. Get yourself an Economic Problem Prevention audit. You’ll be amazed how the audit will uncover the hidden opportunities within your finances.

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---Getting an Economic Problem Prevention Audit was the
Smartest decision I have Ever Made. I have a solid plan that
pays off my home within 8.1/2 years as well as $1,761,987.21
extra cash for our retirement…
-----Lisa and Tommy O’Neil New York NY

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Don’t let your lack of know how or current financial situation hold you back. The longer you wait the less time you’ll have to take advantage of the magic of compounding interest. There is no better time than now!

I made it as easy as possible to get this Audit.
All you need to do is click here www.SaveMonthly.com/audit
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CONSUMER ALERT! Don't Get Bait and Switched

Be warned. If you are a homeowner or someone looking to purchase a home you must read this article was published in the Washington Post.

There are companies that PREY on you like a hawk circling for the kill.

Let me explain.

If you’re in the market to eliminate your debts and create wealth, its likely one of the steps will be to get your credit pulled.

The credit companies charge the company pulling your credit about $18.00.
They then SELL your very private information (to make EXTRA profits like they don't make enough) to boiler room brokers and bankers around the country ...

These brokers and bankers will use every dirty trick in the book to convince you THEY can do better.

And they can sound very convincing, almost to a point where you want to see what it is they have to offer.

Don't get caught in their web. They will bait you in with their low costs and low fee sales pitch, giving you every promise in the book. They are tranined professionals. Trained to get you to belive them, and professinal sounding for you to want to trust them.


For Instance...

In one case 7 days after pulling a clients credit, they received a call from a lady named “Cindy”. This bottom feeder Cindy said she was referred in by ‘The Billy Alvaro Group” to help my client out, because my firm could no longer help her!!!

Not too long ago a client was going through a debt elimination and wealth building plan. After pulling her credit she was called by over 36 different Sweet talking salespeople in just under 9 days!

Sickening isn’t it?

Luckily my clients were EDUCATED on these slimy sales tactics and told Cindy where to go.

These tactics and the selling of your private information should be illegal, but for now it isn’t.

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What should you do when they call or send you a letter
Tell them Your Not Interested
And tell them you are on the National Do-Not Call List

then hang up em.
If they continue to call tell them you will report them to the
BBB and the Banking Department and Consumer Affairs

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Read this article published in the Washington Post it will give you tips on how to protect yourself



Billy Alvaro

P.S be smart and be aware.






http://www.washingtonpost.com/wp-dyn/content/article/2007/03/23/AR2007032300869_pf.html



FTC Says It Can't Protect Mortgage-Seekers From 'Trigger Lists'

By Kenneth R. Harney
Saturday, March 24, 2007; F04



When you apply for a mortgage and get a barrage of irritating and confusing phone calls from competing lenders before noon the next day, can you turn to the government for help?

The Federal Trade Commission issued a long-awaited answer to that question recently, and the decision is attracting criticism. The FTC, which has regulatory oversight concerning consumer credit, says it lacks the legal authority to crack down on unwanted "trigger-list" phone solicitations to consumers who have applied for mortgages within the preceding 24 hours.

Trigger-list pitches to mortgage applicants have become hot issues in recent months as new mortgage volume declined nationwide in softening housing markets. With fewer people buying homes or refinancing, some lenders have begun investing heavily in leads -- contact information for consumers in the market for loans.

Trigger leads come with much more than phone numbers. Lenders can customize their orders on such leads to provide credit scores of a certain level, open loan balances, credit card debts, estimated home values and the like. When they call to pitch you, in other words, they know a lot about your finances.

"Lead generator" companies hawk such lists to lenders at hefty prices on the Internet. The lists are based on consumer information sold by the big three credit bureaus -- Equifax, Experian and TransUnion -- after they get inquiries from mortgage brokers or loan officers.

Say you apply for a new loan with a local mortgage broker. The broker orders a composite report on your credit information on file with the three bureaus. That inquiry, in turn, sets off bells at the big credit bureaus. Now they know you're interested in getting a mortgage, and they know that lenders will pay plenty -- thousands of dollars a month in some cases -- to find out.

Critics argue that trigger lists open the door to bait-and-switch schemes, where lenders dangle falsely discounted rates to pull in unsuspecting customers who have just applied to local brokers and have received higher quotes. Weeks later, the trigger-list marketer can't deliver the low-ball rates, and borrowers are stuck with either higher costs or no loans at all -- classic bait and switch.

Harry H. Dinham, president of the National Association of Mortgage Brokers, charges that mass distribution of loan applicants' financial information opens the door to identity theft, with supposedly private data floating far and wide around the Internet.

"This is a big, gaping hole in the system, and we'd like to see it shut," he said in an interview.

Dinham also argued that trigger-list telemarketers' loan deals often do not meet the Fair Credit Reporting Act's criteria for "pre-screened" firm offers because the telemarketers lack crucial information necessary to extend mortgages, such as appraisal and documentation of income and assets. Nor do the lead generators who sell the trigger lists meet the law's strict standards for receiving access to consumers' personal information.

Finally, to constitute "firm offers of credit," Dinham said, "mortgage offers need to be in writing, so that the consumer can review it, and understand whether there are problems."

Rebecca E. Kuehn, the FTC's assistant director for privacy and identity protection, said the fair credit law, which allows firm offers of credit using prescreened lists, does not specifically prohibit telephone offers. Nor does it require lenders to know every detail of a consumer's credit situation to make a firm offer. It allows some "post-screening" -- verification of income and assets, for example.

Kuehn said that even though the FTC lacks statutory authority to ban pre-screened telemarketed mortgage offers, it does have enforcement authority against bait-and-switch scams and misuse of consumers' credit information. Consumers who experience such problems connected with trigger-list marketing can file complaints with the FTC online ( http://www.ftc.gov).

Better yet, any consumer can cut off all potential prescreened credit solicitations -- whether for mortgages or credit cards -- by opting out. That means prohibiting the credit bureaus from ever selling your personal information to lenders for marketing campaigns.

You can do that by visiting http://www.optoutprescreen.com or calling 888-567-8688. Your request, according to the FTC, should be processed within five days, although it may take 60 days before all prescreened offers cease.

Mortgage applicants can also block trigger-list telemarketing pitches by making sure their phone numbers are on the National Do Not Call Registry ( http://www.donotcall.gov or 888-382-1222).

Kenneth R. Harney's e-mail address is KenHarney@earthlink.net.

Breaking News! How you will benefit by the Presidents Economic Stimulus Package

Breaking News! How you will benefit by the Presidents Economic Stimulus Package

Due to the economic issues at hand; record breaking family debt loads, adjustable rate mortgages resetting to unaffordable payments, a declining housing market and the collapse of the sub prime mortgage market the federal government just announced and released NEW provisions to the economic stimulus package including FHA and Agency loan limits for 2008.

What this means to you!

You can immediately access low cost, affordable FIXED rate financing products designed to relieve your debt and to assist with accumulating wealth.

The federal government has stepped up, offering financing packages that were once unavailable to many hard working homeowners due to the loan limit constraints..

With this new Federal Economic Stimulus package you can

1. Reduce your monthly payments by $211 to $1967 per month
2. Eliminate high rate credit cards, car loans and personal loans
3. Convert your adjustable rate mortgage to an attractive fixed rate loan
4. Transform your debt into wealth

To understand what effect this will have on you and your family, It's advisable to schedule an Economic Problem Prevention Audit with an accredited economic expert before these new Federal programs are eliminated.

A word of caution

Be extremely careful who you choose to help implement the benefits of the Federal Economic Stimulus package. With every new opportunity presented to the American people there are Predatory loan officers, brokers and bankers waiting to take advantage of you and your family.
Make sure you engage an honest, ethical Economic Advisor who has stellar credentials and a track record for transforming debt into wealth. 3 things to ask for from your advisor.

1. Do you offer a written performance guarantee? (get a copy of it)
2. Can you give me a list of testimonials from past clients you have helped?
3. Do you offer a complete coaching program designed to help me stay out of debt and accumulate wealth after I engage you? (ask what it is)

Be extremely cautious of the tell you what you wanna hear salesman type. They will bait you into doing business with them with low ball offers. Then switch you into a high rate unaffordable program later during the process.

Go in with your eyes wide open and at a minimum ask for the above 3 items from your advisor.

Expect success

Billy Alvaro
P.S Download the 21 page special Economic Free Report “ The 7 easy steps from debt taxes and worry to a stress free financial future in 37 ½ days or less…Guaranteed “by going to http://www.savemonthly.com/ Simply input your first and last name and email address in the box to the right and get immediate access to the Economic Report.

P.P.S Procrastination is the habit of the poor. Take action. Seek out the advise of an economic advisor to cerate a plan to transform your debt into wealth.

P.P.P.S if you do what you’ve always done you’ll get the some ol results. Change your actions and the economic conditions of your life will too change.

www.savemonthly.com/audit
1-800-793-5015 x 103

The week ahead. What to expect

Last Week in Review

"I'M GOING OFF THE RAILS ON A CRAZY TRAIN..." OZZY OSBOURNE And speaking of going off the rails crazy...Bonds and home loan rates just experienced one of the most volatile, crazy weeks ever seen, with fixed home loan rates rising by about .375% by the time the smoke cleared.

During the first four days of last week, Bonds underwent a crazy 313 basis point sell-off - more than they sometimes move over the course of six months.

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Why the insane action? Uninspiring commentary from Federal Reserve officials, renewed fears of inflation...and another very interesting story playing out last Thursday. Losses from

The Carlyle Capital Group and Thornburg Mortgage decreased their capital to the point where their financial backers had asked for cash back in the way of a "margin call". What does this mean?

Imagine a home that received a loan for 50% of the value...but a provision in the loan stated that under no circumstances could the equity fall below 50%.

And the home would need to be appraised every day to evaluate this. If the home lost significant value, the lender would be entitled to an immediate payment to retain the 50% equity position. So if the home did indeed decline in value, the lender would make a call for capital to make sure their 50% margin of loan-to-value remains intact...hence the name margin call.

If the homeowner had the cash to meet this call - all is well. But if the homeowner did not have the cash, the only way to satisfy the lender would be a sale of the home. And that is basically what Carlyle Capital Group and Thornburg Mortgage had to do last Thursday...they didn't have enough cash on hand to meet their margin call, so they were forced to sell home loans that they were holding.

This flood of mortgage paper on the market pushed Mortgage Bond prices lower...much lower.
The week was shaping up to be one of the worst in history for Bonds and home loan rates - but then, remembering that weak financial news is good for Bonds and home loan rates, Friday's utterly dismal monthly Jobs Report came to the rescue.

On the report that there were a net loss of 63,000 jobs in the US last month - as well as negative revisions to previous months reports - Bonds rocketed back higher, at least enough to erase the previous day's losses, but still ended significantly worse off for the week overall.

"I'D GLADLY PAY YOU TUESDAY FOR A HAMBURGER TODAY"...

BUT DID WIMPY REALLY EVER PAY POPEYE BACK? OR DID POPEYE SOMEHOW GET OUT OF MAKING THE LOAN IN THE FIRST PLACE? IF YOU'VE EVER HAD A FRIEND OR FAMILY MEMBER HIT YOU UP FOR MONEY, YOU KNOW IT CAN BE AWKWARD.

READ THIS WEEK'S MORTGAGE MARKET VIEW FOR SOME TIPS ON HOW TO HANDLE THOSE APPEALS.


Forecast for the Week

And don't think the wild ride is over...Bonds and home loan rates are probably not pulling into the station just yet, so stay strapped in and keep your hands on the safety bar.

Another week of potential volatility lies ahead, with several key economic reports due for release, including Retail Sales, Initial Jobless Claims, Consumer Sentiment and the inflation-measuring Consumer Price Index.

Remembering that when Bond prices move lower, home loan rates move higher - the chart below shows just what kind of dramatic volatility has been seen of late.

The 200-day Moving Average shown in blue has traditionally been a very strong "floor of support" or "ceiling of resistance", depending on which side of the line Bonds are trading. Last Thursday's action saw a deep dip below this benchmark line in the sand - but Friday's strong positive move helped Bonds power their way back above the line.

The news in the days ahead will dictate which side of this important line Bonds will head next, and could determine the trend for the next several weeks...and perhaps even months.

The Mortgage Market View...

NEITHER A BORROWER NOR A LENDER BE?

Ever have a friend or family member ask for a loan? It can be awkward, and for many the knee-jerk reaction is to just pull out the checkbook. But having the funds available to extend a loan is often not the point when it comes to lending money... it's knowing when or if you will ever receive your hard earned funds back.

According to a Federal Reserve survey, over 8% of Americans have loans that have been extended to friends and family. By some estimates, these loans total a whopping $89 billion and an eyebrow-raising default rate of 14%, versus just 1% for those who borrow from a bank. So before you decide to play banker with your friends and family, consider these steps to help avoid a potentially ugly situation.

Don't Commit Right Away. When asked for a personal loan, don't say yes right away, especially if the sum of money is large. It has been said that "quick to borrow is always slow to pay." So while you want to show compassion for the friend or family member and tell them you would like to help, explain that you need a few days to review your financial situation and make a decision. Perhaps another solution will come to them in the meantime.

Just Say No. If possible, try to avoid lending the money. Statistics suggest that the risk of not getting repaid is very high, which could be damaging to your relationship. HOWEVER... before you blurt out a blunt "NO," consider the amount requested, provide an explanation that will not hurt your relationship, and offer to help in a non-financial way. Or consider giving a smaller amount as a gift, with no expectations of repayment. This allows you to be generous on your own terms, and removes the potentially heated issue of non-repayment.

Be Specific. If you do decide to extend a loan, sit down with your friend or family member and set expectations. And don't beat around the bush... be very specific about the term of the loan, interest rate, payment plan, even the penalty that will be incurred should a payment be missed.

Get It In Writing. Always put the terms in writing. Seven out of ten personal loans are not put in writing... but again, consider the markedly higher default rate of non-documented loans. A written agreement reinforces that you are serious about the repayment terms discussed, and it prevents any potential misunderstandings. Promissory notes can be purchased online at www.nolo.com for a reasonable price. If the loan is large or complex it may be most beneficial to have an attorney draw up an agreement. Make sure the loan papers are filed away in a safe location, and then keep good records.

One important note, if the loan is in excess of $10,000 or the money will finance income-producing activities, the IRS expects you to charge a certain amount of interest...and claim it as taxable income, of course. To find the current rates, visit www.irs.gov and search for AFR (Applicable Federal Rates). You can also contact your trusted CPA for advice--or if you don't have one, ask me--I may be able to provide a referral.

Expect Success

Billy Alvaro

P.S Did you know I offer FREE personalized economic problem prevention audits to eight lucky clients each month.

This audit will identify the reasons of your debt and/or lack of wealth. It will also give you an easy follow step by step process for eliminating debt and building wealth.

P.P.S To discover how your easy life can be without debt and with wealth click here to schedule your audit.
www.savemonthly.com/audit

P.P.P.S Learn the secrets of getting of debt and creating wealth. Click here to request
the most talked about e-book called " The 7 easy steps from debt taxes and worry to a stress free financial future in 37 1/2 days or less...Guaranteed" its 21 pages jam packed with facts figures and the necessary steps to getting out of debt and creating wealth

Last week in review

"I DON'T MEASURE A MAN'S SUCCESS BY HOW HIGH HE CLIMBS...BUT HOW HIGH HE BOUNCES WHEN HE HITS BOTTOM."

General George S. Patton And the General himself would certainly consider Bonds to be a success last week, as they moved lower to hit a technical "bottom" at the 200-day Moving Average, but then bounced significantly higher throughout the course of the week, helping fixed home loan rates improve by about .25 to .375%.

What caused all the activity? Remember that weak economic news tends to be bad for Stocks, but good for Bonds and home loan rates, as money flows out of Stocks and into Bonds.

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And last week had its share of weak economic news, combined with testimony before Congress by Fed Chairman Ben Bernanke.

The news included higher wholesale inflation with the Producer Price Index (PPI) jumping to its highest level since October 2004 on surging energy and food prices. But price inflation on the producer or wholesale side can't always get passed directly on to the consumer on the retail side. Friday's Personal Consumption Expenditure (PCE) reading showed consumer inflation to be higher, but just slightly, as expected. The PCE is the Federal Reserve's most highly watched measure of inflation, and the current overall rate of year-over-year inflation at 2.2% does remain just above the Federal Reserve's comfort zone for consumer inflation.


And speaking of the Fed, Chairman Ben Bernanke testified before Congress last week, making comments that prompted Stock investors to sell off and move money over into Bonds. The Bond market also enjoyed "dovish" comments made by Gentle Ben about inflation and the recent aggressive cuts made by the Fed, and his testimony was largely responsible for the improvement in Bonds and home loan rates. But read on, and learn how the next official Fed Meeting and Rate Decision on March 18th could impact home loan rates...it might surprise you.

THE ECONOMIC STIMULUS PLAN HAS BEEN ALL OVER THE HEADLINES...BUT DO YOU KNOW HOW IT WILL IMPACT YOU? LEARN ABOUT REBATE CHECKS AND MORE IN THIS WEEK'S MORTGAGE MARKET VIEW!

Forecast for the Week

Here we go again...another action packed week in store, with the main event being Friday's monthly official Jobs Report. This report is always of high interest, as it gives a good read on the health of the economy. Boiled down simply — if businesses are hiring, it means their outlook is good for the future growth of their business and the economy overall. Additionally, the more employed workers there are, the more dollars being earned that can be used to buy goods and services - also good for keeping the economy thriving.

But the headline number often comes with "revisions" of past numbers — which is often the wildcard within the report. Some past revisions have actually added more jobs to the count than the current month's number in total. And for added excitement, in advance of Friday's official Jobs Report, gigantic payroll company ADP will release their own count on job growth on Wednesday. And while the numbers are not "official" and are sometimes seen as unreliable — the markets won't be able to help but take notice of their findings, and may react to their release.

Bottom line — volatility remains in vogue. The chart below shows how Bonds improved significantly over the past week, helping home loan rates improve as well. But remember — another Fed Cut is likely in the cards, just a few short weeks away. As we've discussed in the past, a Fed Rate Cut can often result in a move higher for home loan rates, as a Fed Rate Cut often spurs on spending and therefore inflation, the arch-enemy of Bonds and home loan rates. So while Bonds and home loan rates have seen nice improvement of late, they are heading towards both a technical "ceiling of resistance", as well as a March 18th Fed meeting that could cause rates to worsen. If you - or one of your friends, family members, neighbors or coworkers - have been considering a refinance or purchase, feel free to reach out to me to discuss taking advantage of current low rates.

Chart: Fannie Mae 5.5% Mortgage Bond (Friday Feb 29, 2008)

The Mortgage Market View...

TAX REBATES: SHOULD YOU SAVE OR SPEND?

The government's Economic Stimulus Plan has been in the news a lot lately, and the $168 Billion package is intended to jumpstart the economy by distributing tax rebates that should be arriving in your mailbox as early as spring. The question is: what should you do with your rebate check? The info below can help you estimate how much you'll receive, consider your options, and start planning now so you're prepared.

HOW MUCH MONEY WILL YOU RECEIVE?

The amount you receive ultimately depends on how much you make. For instance, individuals with adjusted gross incomes up to $75,000 will receive a rebate check of $600. If you're married filing jointly and earn up to $150,000, you can expect to receive $1,200. Those who earn at least $3,000 but don't pay taxes will receive about half as much—$300 for individuals or $600 for married couples filing jointly.

If you make more than $75,000 as an individual or $150,000 as a married couple, your rebate check starts to shrink. That doesn't mean you're out of luck... most high-income taxpayers will still receive a check. But you can plan on receiving $50 LESS for every $1,000 you earn over those limits.

Finally, if you have children, you can expect to receive a $300 credit for each child.

SO...WHAT SHOULD YOU DO WITH YOUR REBATE?

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FREE OFFER
Discover what a FREE personalized economic problem prevention audit will mean to you. Scroll to the bottom now and read the P.S ***************************************************

Do Nothing...At Least for Now — Don't start mentally spending those dollars just yet. At the minimum, you should hold off until you file your 2007 tax return. That's because the gross income listed on your 2007 return will actually determine how much you'll receive. And unless you absolutely need to, try not to spend the money at all until you have it in hand. Too often, we make purchases on the credit card or with money from savings with the intention of paying it back...only to have some other expense come up in the meantime. To avoid falling into this trap, make a commitment to yourself to wait for the check to arrive before you spend it.

Don't Overspend — Regardless of how much you receive, make a budget and stick to it. We all know how easy it is to go to the store with a specific amount in mind, only to walk out over budget. In this case, not only could you end up spending your entire rebate check, but may actually come out negative by spending additional money that could be budgeted for your regular bills.

Consider NOT Spending At All —The government is issuing these tax rebates with the hope that Americans will help bolster the economy by spending it. However, "spending" isn't always the best plan. If you have high-interest credit cards or other loans, use the rebate to help pay down the debt...and get out from underneath those payments sooner! If your debt load isn't very high, consider saving the rebate check in an interest-bearing account, funding or starting a college savings plan, or even putting the money in a retirement account that will earn you more and more money as time goes on.

The Economic Stimulus Plan features a number of benefits you may not be aware of. In addition to rebate checks, it includes new conforming loan limits that may allow you to refinance and save money every month, or purchase a home more affordably. If you have any questions about your overall financial picture and how you can make the most of this opportunity, please call today. Remember... a little planning goes a long way!


Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.

Expect Success
Billy Alvaro

P.S Do you currently have a 1st or second mortgage? If so getting an economic Problem prevention audit is the smartest step you can take to save money and build wealth for your future & family.

Here is why.

1st most Americans have been “SOLD" into the wrong type of mortgage. (It’s all over the news and in the papers that’s 1 reason they are living paycheck to paycheck)

2nd Over 89.6% of you that have purchased and or refinanced in the past 10 years have done so in a myopic manner, meaning you took on the largest debt of your life without consideration for the other important financial areas of your life.

3rd Because you were not given a "Plan to stay out of Debt & Acquire Wealth" when SOLD your mortgage, it is costing you tens of thousands of dollars in unwarranted interest payments and hundreds of dollars in future wealth. The audit will undoubtedly reveal this to you.

4th You have been manipulated ( by a sweet talking mortgage broker or banker) into using your home as a ‘COOKIE JAR” reaching in and eating up your equity. In essence consuming it rather than investing it. A properly created plan will reverse this.

You will be shown how to eliminate that mortgage in 7-11 years. Using 1 of 5 different mortgage reduction strategies, you’ll save hundreds of thousands of dollars in interest payments…(This newly found money will be used to create a significant nest egg for retirement. The economic problem prevention audit findings will visually prove this )

5th The economic Audit is free of charge
($1,000.00 value) Why Free? First it’s only free to 8 homeowners each month, so that’s 8 -10 hours a month pro-bono time, sorry cant be free for all, all the time, I have to earn a living to.:)

Second Because I believe you will get so much value out of seeing these benefits that you’ll want to engage me as your Mortgage planner and wealth coach to implement these strategies and transform your life from debt to wealth. I believe in giving first, proving my worth and value. It’s how I built up a 1.3 billion dollar company in less than 6 years.

To get started click here and fill out the first step to freedom form.
www.savemonthly.com/firststep


P.P.S Step 1 of the audit is simple.

You fill out the first step to freedom form.


After we receive your completed forms, well contact you to get started. Remember the audit is FREE to 8 families each month. If we are booked you will have the option of being placed on a priority waiting list or you can invest the $1000.00 to have the audit and plan created for you this month without having to wait.

We’ll review your income- assets- credit and home financing, looking for opportunities for you to save money, reduce your debt, increase cash for your investment strategy, create a significant nest egg for retirement and eliminate your home mortgage in 7-11 years. It may include

A Refinance strategy (without using your equity as a cookie jar!)
A debt stacking strategy
A debt roll down strategy
The MAAX strategy (mortgage and asset x-cceleration)
Dollar cost averaging strategy
The x out your expense reduction strategy
An automatic investment
A credit restoration strategy
A Money Merge Account

There are others as well but you’re getting the point of what goes into it. After we have a complete financial snapshot, well ask you about your future plans. Your needs wants and desires. We’ll than present the findings to you and your spouse/partner, along with a blueprint to transform your debt into wealth.

How do I get paid if we decide to move forward?

Good question. 1 of several ways.

1. It could be a no upfront - out of pocket investment if you choose to refinance your home with me. I can be paid for your savings out of the proceeds of the new loan.
2. It could be a small $497-$997 upfront investment to create the debt free by design- debt stacking strategy
3. It could include a 1 x upfront investment from $497 to $8,997 (the difference depends on how many strategies we implement .
4. It could include a small $39.97 fee for membership into my From Middle class to Millionaire Club
5. It could be a combination of the above

So what should you do now? Click here. Fill out the first step to freedom forms. Then we’ll schedule your EPPA. There is no good reason to wait. Do it now when it’s fresh on your mind.

P.P.P.S Special Bonus for the month of March 2008. Fill out the first step to freedom forms by March 7th, do the audit (at no cost) and utilize my services for a refinance you will receive free access to my From Middle class to millionaire tele-seminar series.

Bonus 1 ( $4,997.00 value)

6 jam packed wealth creation transformation sessions. Others have already invested $4,997.00 to join this elite group. But you won’t have to. Take action now; get this $4,997.00 package absolutely free of charge.

· The fundamentals. Why you need to get your estate in order now. What areas do you need to protect and what to look for in an estate planner.

· You’ll learn how to use your newly created savings to buy and sell real-estate below market value… The time to make a fortune in real-estate is when the market is tanking. You’ll discover why and how to do this.

· How to use a simple automatic investment strategy to catapult your retirement savings

· How to use a little known insurance policy to fund your retirement

· Little known secrets to save you thousands of dollars on all loans, cars and credit cards…
· How to use the same strategies the “RICH” use to protect your families wealth from lawsuits

· A systematic way to build wealth slowly over time. (The only get rich quick is on late night info-mercials that don’t work!)

· How to use a government backed programs to invest in real-estate tax free
· 3 strategies to minimize taxes

You will get a schedule of the calls including dates and times.
A VIP secret telephone number and pass code to call into

Bonus 2 ($197.00 value)
· A recording of the calls so you can replay it incase you missed anything
· A transcription of the call for those that prefer to read

Bonus 3 ( $97.00 value)

Special member only inserts in the Middle Class to Millionaire newsletter. Powerful money making debt reducing, life changing real world tactics and strategies you can use to create additional wealth, and live the life of your dreams.

Bonus 4 ($2000.00 value )

8 1 on 1 - 15 minute private from middle class to millionaire coaching sessions by me. It doesn’t matter if you don’t want to be a millionaire. What does matter is that you understand the habits and strategies of the wealthy. You can use them to create what ever level of wealth you want. Imagine what having a personalized wealth coach will mean to you!

So act now, Fill out the first step to freedom form, engage me as you mortgage planner and wealth coach for the refinance and you’ll get $7,291.00 worth of bonuses. But you must fill out the form before March 7th.

All the best
Billy Alvaro