Friday, September 23, 2016

5 bedroom 3 Full bath with over 2000 sq ft of living space

5 bedroom 3 Full bath with over 2000 sq ft of living space - Classified Ad

Welcome home to this 5 bedroom 3 Full bath with over 2000 sq ft of living
space. This home was professionally refinished complete with 42"
cabinets, granite counter tops, stainless appliances. Updated baths
with ceramic tile and vanities. All new 6 panel doors, carpet,
Laminate flooring, fresh paint. HVAC, Plumbing and electric with
200amp panel all new. Entertain on your brand new deck off the
kitchen or straight from the walkout lower level. Basement is also
been finished with new tile floors and new carpet. Relax and move
right in. New vinyl siding, garage door, and roof. Great location
within minutes of Creve Coeur lake, Maryland Heights rec. center and
lots of shopping and restaurant's. Make your appointment today. This
completely updated house will not last long.

2234 Arborview Dr, Maryland Heights 63043

Sunday 9/25 1-3pm


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Market Trends this week in Real Estate

Please enjoy this quick update on what happened this week in the housing and financial markets.

The Fed voted not to raise policy rates at this week's meeting, but did leave the door open for a hike before the end of the year. Odds currently favor December.

Stocks rallied on the news, hitting new highs. Bonds also improved, which is supportive of lower mortgage rates or better loan pricing.

The labor market remains strong, with jobless claims dropping to a two-month low. A strong labor market could play into the Fed's decision to raise rates this year. 

Home builders are showing the strongest confidence in the housing market in 11 months, prompted by a surge in interest in new homes following a summer lull.

New housing starts were down slightly in August after two months of increases. However, building permits were up, suggesting a rebound in the coming months.

Housing inventory remains tight, although demand is strong. Home prices were up 0.5% from June to July, according to the Federal Home Finance Agency.

A man goes to the lawyer and asks, "What's your fee?"
The lawyer says, "Five hundred dollars for three questions."
The man says, "Wow, so much! Isn't that a bit expensive?"
The lawyer says, "Yes, I suppose it is. What's your third question?"

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

Christopher Gianino
Pinnacle Real Estate Advisor by Gershman Mortgage
Vice President
NMLS 252641
(314) 280-5662

Wednesday, September 21, 2016

mortage rates remain at historic lows

Mortgage Rates Remain at Historic Lows
The Federal Funds Rate has remained unchanged after today's Federal Reserve decision. This news makes it unclear how much longer low mortgage rates will last

Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace seen in the first half of this year. Although the unemployment rate is little changed in recent months, job gains have been solid, on average. Household spending has been growing strongly but business fixed investment has remained soft. Inflation has continued to run below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation remain low; most survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market conditions will strengthen somewhat further. Inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but to rise to 2 percent over the medium term as the transitory effects of past declines in energy and import prices dissipate and the labor market strengthens further. Near-term risks to the economic outlook appear roughly balanced. The Committee continues to closely monitor inflation indicators and global economic and financial developments.
Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.
In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. In light of the current shortfall of inflation from 2 percent, the Committee will carefully monitor actual and expected progress toward its inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.
The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction, and it anticipates doing so until normalization of the level of the federal funds rate is well under way. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Jerome H. Powell; and Daniel K. Tarullo. Voting against the action were: Esther L. George, Loretta J. Mester, and Eric Rosengren, each of whom preferred at this meeting to raise the target range for the federal funds rate to 1/2 to 3/4 percent.

Implementation Note issued September 21, 2016

Wednesday, September 14, 2016

TOP 10 BAKERIES in St. Louis


ST. LOUIS, MO: (STLRestaurant.News) Top 10 Bakeries: do you know anybody that does not like baked desserts?  I don’t!  I know its my biggest weakness.  However, I tend to enjoy the junk baked goods like Little Debbie products.  Swiss Cake Rolls to be more specific.  However, don’t worry.  There are much better alternatives than store bought 20 year old baked desserts for your enjoyment.  Also there is nothing wrong with the taste of a Hostess Honey Bun, but some of the bakeries listed might not agree.

Missouri Baking Company, our #1 rated position has been in business since 1924 according to their Facebook page.  That is an impressive number.  Almost 100 years old and in the same family.  Can’t find those family traditions on every street corner.  Congratulations to Missouri Baking Company.  Keep up whatever it is that you’ve been doing for almost 100 years.
Our Top 10 Bakeries in St. Louis, MO are:
  1. Missouri Baking Company – rated #1 out of 63 bakeries in St. Louis with 342 reviews resulting in a 5 Star rating
  2. Old Town Donut Shop – rated @2 of 63 bakeries in St. Louis with 116 reviews resulting in a 5 Star rating
  3. Piccione Pastry – #3 of 63 bakeries in St. Louis with 73 reviews resulting in a 4.5 Star rating
  4. Nothing Bundt Cakes – #10 63 bakeries in St. Louis with 12 reviews resulting in a 5 Star ratingPharaohs Donuts – #9 of 63 bakeries in St. Louis with 14 reviews resulting in a 4.5 Star rating
  5. La Patisserie Chouquette – #8 of 63 bakeries in St. Louis with 27 resulting in 5 Star rating
  6. The Cup – #7 of 63 bakeries in St. Louis with 28 reviews resulting in a 5 Star rating
  7. World Fair Donut – #6 of 63 bakeries in St. Louis with 46 reviews resulting in a 4.5 Star rating
  8. Donut Drive In – #5 of 63 bakeries in St. Louis with 55 reviews resulting in a 4.5 Star rating
  9. Jilly’s Cupcake Bar and Cafe – #4 of 63 bakeries in St. Louis with 142 reviews resulting in a 4.5 Star rating

Sunday, September 11, 2016

When should you refinance your home

There are many common reasons why homeowners refinance - refinancing can cost between 3% and 6% of the loan's principal and requires appraisal, title search and application fees, it's important for a homeowner to determine whether his or her reason for refinancing offers true benefit.

    1. Securing a Lower Interest Rate

    One of the best reasons to refinance is to lower the interest rate on your existing loan. Historically, the rule of thumb was that it was worth the money to refinance if you could reduce your interest rate by at least 2%. Today, many lenders say 1% savings is enough of an incentive to refinance.

    Reducing your interest rate not only helps you save money, but it increases the rate at which you build equity in your home, and it can decrease the size of your monthly payment.

    2. Shortening the Loan's Term

    When interest rates fall, homeowners often have the opportunity to refinance an existing loan for another loan that, without much change in the monthly payment, has a shorter term.

    3. Converting Between Adjustable-Rate and Fixed-Rate Mortgages

    While ARMs start out offering lower rates than fixed-rate mortgages, periodic adjustments often result in rate increases that are higher than the rate available through a fixed-rate mortgage. When this occurs, converting to a fixed-rate mortgage results in a lower interest rate as well as eliminates concern over future interest rate hikes.

    Conversely, converting from a fixed-rate loan to an ARM can also be a sound financial strategy, particularly in a falling interest rate environment. If rates continue to fall, the periodic rate adjustments on an ARM result in decreasing rates and smaller monthly mortgage payments, eliminating the need to refinance every time rates drop.

    4. Tapping Equity

    Homeowners often access the equity in their homes to cover big expenses, such as the costs of home remodeling or a child's college education. These homeowners may justify such refinancing by pointing out that remodeling adds value to the home or that the interest rate on the mortgage loan is less than the rate on money borrowed from another source. Another justification is that the interest on mortgages is tax deductible.

    5. Consolidating Debt

    Many homeowners refinance in order to consolidate their debt. This can be a good plan if you are paying higher interest on individual loans and you are sure you will not  just acquire new debt (for example if you pay off credit cards - and then turn around and build the debt on the cards back up)

    The Bottom Line

    Refinancing can be a great financial move if it reduces your mortgage payment, shortens the term of your loan or helps you build equity more quickly. When used carefully, it can also be a valuable tool in getting your debt under control.   It takes years to recoup that cost with the savings generated by a lower interest rate or a shorter term. So, if you are not planning to stay in the home for more than a few years, the cost of refinancing may negate any of the potential savings. It also pays to remember that a savvy homeowner is always looking for ways to reduce debt, build equity, save money and eliminate that mortgage payment. Taking cash out of your equity when you refinance doesn't help you achieve any of those goals.

    Read more: When (And When Not) To Refinance Your Mortgage | Investopedia

    Sunday, September 04, 2016

    beautifully restored historic home which boasts large rooms

    This home is a must see. You will find a beautifully restored historic home which boasts large rooms, 10 ft ceilings, special mill work and refurbished hard wood floors with a large fenced back yard. The main floor master bedroom has his and hers closets. Kitchen features lots of storage areas 15 x 8. This home is also well insulated and features a high efficiency furnace. Near Big River, a great smallmouth bass fishing river, where you could also go kayaking or canoeing. Historically this home has been commercial property and could possibly be commercial again.
    cabinet space and nice ceramic floor tiles with an adjacent breakfast room. There is a separate elegant dining room and main floor laundry/mud room 15 x 7. The second floor features two large bedrooms, one with vaulted ceiling and third bedroom has a sun room 15 x 7. The walk out basement has 8 ft ceilings and two large rooms 35 x 16, with one as a rec room plus 2

    6769 Cedar Hill Rd, Cedar Hill, MO 63016 $174,900

    Call Owner to Show: 636-775-3078 or 314-532-3403 

    Living space
    2720 ft²
    Property size
    20386 ft²

    Laura Ludwig  
    314-503-1186  $195 
    Flat Fee MLS Listings  
    Lauralei Properties, LLC

    Friday, September 02, 2016

    The St. Louis Zoo has been named the “Best Free Attraction” in the nation.

    St. Louis Zoo named 'Best Free Attraction' in nation: The St. Louis Zoo has been named the “Best Free Attraction” in the nation.

    USA Today asked people to help pick the 10 best free attractions from a list of 20 that were selected by travel experts.
    The Zoo was selected over Millennium Park in Chicago, Central Park in New York City, the Golden Gate Bridge and the Alamo.

    The top 10 winners in the category Best Free Attraction are as follows:
    1. Saint Louis Zoo - St. Louis
    2. Garden of the Gods - Colorado Springs
    3. Birmingham Botanical Gardens - Birmingham, Ala.
    4. The Alamo - San Antonio
    5. Central Park - New York
    6. National Mall and Memorial Parks - Washington
    7. Balboa Park - San Diego
    8. United States Botanic Garden - Washington
    9. Bellagio Conservatory & Fountains - Las Vegas
    10. The Freedom Trail - Boston
    Image result for st louis zoo