Proven Small Business Ideas&Opportunities

Austin, TX (PRWEB) November 03, 2011

Homes.org, a fast growing real estate search portal, has released analysis of mortgage rates which shows rates remained largely unchanged despite the announcement of an official deal to help Europe’s struggling economy and President Obama’s announcement that there will be changes in the rules for home loan refinance in an attempt to make it easier for homeowners that are underwater. While the 15-year fixed rate stayed the same the 30-year fixed rate fell by just .05%.

???????? 4.10% – average rate for a 30-year fixed rate mortgage

???????? 3.38% – average rate for a 15-year fixed rate mortgage

Although these rates are low compared to five years ago, they aren’t the lowest on record. That number was met 3 weeks ago when the 30-year fixed rate was 3.94% and the 15-year fixed rate was 3.26%.

However, this week there are a few announcements and events taking place that could affect interest rates. Most influential may be the two-day Fed meeting that commenced Wednesday. Fed Chairman Ben Bernanke made closing statements which included comments on interest rates. Most notable were his comments on mortgage rates. Bernanke stated that, “tight credit standards have prevented many people from purchasing or refinancing their homes and therefore low mortgage rates that we have achieved have not been as effective as we had hoped. So monetary policy may be somewhat less powerful in the current context than it has been in the past, but nevertheless it is affecting economic growth and job creation.”

There will also be a Jobs Report on Friday which the markets will be watching closing. New job numbers for October are predicted to remain steady, keeping the unemployment rate at around 9.1% nationwide.

Homes.org is predicting that there won’t be much movement in mortgage rates, however there may be a slight increase due to Europe’s economic situation which remains unresolved and Bernanke’s statements on the lack of effect lowered interest rates are having on consumers’ ability to purchase and refinance homes.

To see more information on mortgage rate trends for a specific home that is currently listed for sale, please visit: http://www.homes.org/

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures?

Star Nine Ventures? is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine’s core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

More Online Business Press Releases

by Ed Yourdon

Reports Of Esources Co Uk Scam Fall Flat Yet Again

Article by Johnnathen7

News about essources.co.uk scams is not true and everyone associated with the largest trade directory in UK will know that such reports are manufactured and completely fake.

However, scammers are operating on many ecommerce platforms in large numbers and putting the online trading community at a grave risk. New retailers are not very careful in choosing wholesalers to source products for their ecommerce store and often end up losing huge sums of money to scammers. It is absolutely imperative to conduct a due-diligence check on your suppliers to establish their legitimacy.

Reputable trade directory services such as esources make sure that their verified wholesale list is clean and no middlemen or fraud elements can breach the list. They have regularly exposed the activities and modus operandi of scammers. The reports of esources.co.uk scams can be traced back to these very scammers who are now trying to get back at the portal.

It is important that you choose your trade suppliers from reliable sources to avoid falling victim to wholesale scams and dropship scams. Forums are a great way to know more about scams because they keep the online trading community updated about scammers and their latest acts. Retailers can use these reports to update their information on scammers. It is by now a well known fact among the online trading community that esources.co.uk scam talk is as fake as the scammers who spread them.

Wholesale middlemen and brokers must be avoided as far as possible because many times they act as a front for the scam parties. Even if they are genuine, they will add to your total cost causing a dip in your profits. A few even secretly work for a particular wholesaler and will recommend them to you even if they are not good enough.

Using reputable trade directory sites such as esources makes it easy to choose reliable suppliers. Their verified wholesale list is the best resource to fine genuine wholesalers, distributors, importers, exporters and manufacturers. This way you can be sure of avoiding scammers and other fraud elements trying to take advantage of your inexperience and ignorance about matters related to ecommerce trading.

The largest trade directory portal, esources, has been successful in limiting the activities of scammers and nipping their new schemes in the bud. Their activities are now known to the online trading community because of which alertness levels of traders are at an all time high. They also know that frivolous news being spread about esources.co.uk scam is fallacious.

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