Amera Mortgage Corporation

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Fed Announces Stimulus
As expected, a week packed with major economic events produced a great deal of daily volatility in mortgage rates. The Fed's announcement was positive for mortgage rates, the Employment report was negative, and the election results were neutral. In the end, mortgage rates finished the week a little lower.

On Wednesday, the Fed announced that it will purchase an additional $600 billion in Treasury securities by the end of the second quarter of 2011 to boost the economy. The Fed expects to purchase about $75 billion per month to reach this target. This fell near the middle of the wide range of investor forecasts. The Fed will regularly review both the pace of the purchases and the overall size of the program. Added demand for Treasury securities generally benefits other bonds as well, including mortgage-backed securities (MBS), and expectations for this plan have helped lower mortgage rates over the last couple of months. Prior to the announcement, there was so much uncertainty surrounding the program that mortgage rates improved a little further when the details contained no major surprises.
Mortgage rates rose on Friday when the Employment report came in stronger than expected. Against a consensus forecast for a gain of 60K jobs, the economy added 151K jobs in October. Private employers hired 159K workers, the highest level since April. Revisions from prior months added an additional 103K private sector jobs. As expected, the Unemployment Rate remained at 9.6%. Average hourly earnings, a proxy for wage growth, rose 0.2% from September. Stronger than expected economic data raises future inflation expectations, which pushed mortgage rates higher after the report.
commentary provided by MBS Quoteline. See live MBS prices and analysis at www.mbsquoteline.com

At Amera Mortgage Corporation, we pride ourselves on building a relationship with, you, our client. We strive to provide the finest customer service as well as competitive rates. We have helped thousands of our customers realize their dreams of owning a home, or saved them money on a refinance of a current mortgage.
Amera is large enough to offer you an extensive range of mortgage programs at competitive rates. However, we don't lose sight of the importance of small company customer service. Amera understands that people drive our business and we are committed to building lasting relationships with the people who choose Amera Mortgage. Our team, of highly experienced loan officers, is located in or around your community to personally assist you and make your home buying process an enjoyable experience.
So, whatever your home loan needs, Amera can help. Contact us today and start building for tomorrow!

You just love the house...except for the leaky pipes. Or maybe the kitchen is too small. Perhaps it needs a new roof or siding? For the house that's almost perfect, we have the perfect solution! An FHA 203(k) Mortgage is a mortgage and home improvement loan all in one. Now you can buy or refinance a property that needs renovation, repair or remodeling and easily finance both the purchase and the improvements in one easy step. Give us a call today!

Amera is active in it's local communities and many of it's employees volunteer and work to help make their communities a better place. Below are just some of the activities in which Amera or it's employees partake:

Amera participates in an ongoing program where it collects food, clothing, money and household item donations for Community Sharing, a local charity. Community Sharing uses these items to help families in need. Any donations can be made at the Amera Milford location.
Amera is also a business sponsor for the Junior Achievement. Amera helps sponsor the CapitolBancorp Junior Achievement 5K run held in Lansing, MI each year.
Amera works with Habitat of Humanity to provide families affordable housing.
Amera sponsors many local youth sports programs and activities.