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Sharon Merritt

Cell: (770) 846-5252
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More on the rising interest rates


cutting and pasting this info for those of you that might understand all of it.

Copyright @ 2017 MBSQuoteline

A shift in expectations toward a faster pace of tightening by the Fed was negative for mortgage rates this week. Stronger than expected economic data also was unfavorable. As a result, mortgage rates ended the week higher.

This week, speeches by several Fed officials were more hawkish than expected. This caused investors to expect a faster pace of monetary policy tightening. Futures markets now price in about a 75% chance of a federal funds rate hike at the next Fed meeting on March 15, up from just a 25% chance a week ago. While the federal funds rate is more highly correlated with short-term yields than with long-term yields such as mortgage rates, a faster pace of tightening is bad for mortgage rates because it likely means that the Fed will begin to reduce its holdings of mortgage-backed securities (MBS) sooner. Fed purchases of MBS have helped mortgage rates move lower in recent years, so the shortened expected timeline for reduced demand from the Fed caused mortgage rates to rise. 

One reason that Fed officials may be inclined to hike rates this month is that recently released economic data has generally continued to surpass expectations. Since the election, both consumers and businesses appear to be more optimistic about the economic outlook. The February measure of Consumer Confidence from the Conference Board rose to the highest level since 2001. The ISM national manufacturing index increased to 57.7, the highest level since August 2014. Readings above 50 indicate an expansion in the sector. As recently as August, the index was below 50. The ISM national services index also rose more than expected to 57.6, the best reading since April 2015. Stronger economic activity raises future inflationary pressure, which is bad for mortgage rates.

Looking ahead, there will be a European Central Bank (ECB) meeting on Thursday. No policy changes are expected, but guidance about the outlook for future policy could influence U.S. markets. In the U.S., the important monthly Employment report will be released on Friday. As usual, this report on the number of jobs, the unemployment rate, and wage inflation will be the most highly anticipated economic data of the month. In addition, there will be Treasury auctions on Tuesday, Wednesday, and Thursday.

Copyright @ 2017 MBSQuoteline

Mortgage Rates are going up ----


Although mortgage rates vary from day to day, lender to lender, client to client , the average top tier 30 year fixed quote moved sharply higher today, back to 4.25%.

If you have a home under contract most lenders are going to encourage you to lock in your mortgage rate rather than float.

If you are considering purchasing a home, buying now might save you thousands in interest over the term of your mortgage.

As always, it is my goal to help you reach your personal real estate goals --  never any pressure, just information.

Buy a Townhome with total payments under $1000


From my friend and fellow Realtor, Gina Bradley

Information on the Turtle Creek Townhomes

Know someone that might be interested?  Tell Gina I sent you or let me know when you are going and I will meet you out there.


Who do you know someone that would like to own instead of rent with payments from about $955 (our smallest townhome- approximately $1020 our largest townhome with USDA no down payment program? yes that includes PITI! POOL , TENNIS and across the street from Fort Yargo State Park in Winder! Turtle Creek Villas Townhomes

1. Rent Vs Own Payments are less owning!
2. Equity you are building!
3. Tax incentives so you can write off your interest! Saves you money!
4. Paint or hang pictures in your own home no more asking the landlord!
5. Payments will NOT go up they are fixed for the life of the loan. Rent can go up or they can make you move at any time.
6. Swim in your community pool this summer!!
comment below if you think this is fantastic! If you know someone please share! We also have NHF program grant no down payment.
Seller pays 3K with preferred lender!

What does the President's speech mean for Real Estate?


From the National Association of Realtors.....

In his address to Congress on Tuesday night, President Donald Trump renewed his pledge to rebuild the country's infrastructure, replace the Affordable Care Act, and reform taxes for businesses and individuals—all issues of importance to real estate.


The National Association of REALTORS® sees investments in roads, bridges, dams, and other projects as critical to supporting property values. Trump said he will ask Congress to approve legislation to get $1 trillion in public and private capital invested in these projects. "Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports, and railways gleaming across our beautiful land," he said.


Need Listings to Market!!!


My son, Jonathan, is doing great.  His energy and motivation is incredible.  When you add my experience and understanding of the current market to his energy and motivation you have an extraordinary opportunity to hire an amazing duo to help you reach your personal real estate goals.   Call/Text/Email anytime.  Rather talk to Jonathan?  770-490-0389

From today until the end of the month, we are offing a 30-day listing to any seller interested in testing the market.  

As always, it is my goal to help you reach your personal real estate goals.

Welcome my son, Jonathan Merritt, to Real Estate!!


Good afternoon,

Am very happy to announce that my son, Jonathan Merritt, is now a licensed Realtor and is working with RE/MAX Center.

Jonathan has helped me with my real estate business since he was a teenager, and now has clients of his own and is looking for more.

It is an exciting time.

If you, or someone you know, is interested in buying or selling real estate anytime in the next five years, please call, text or e-mail and tell me your real estate goals.

As always, it is my goal to help you reach your personal real estate goals---never any pressure, just information.

18 pages of Foreclosures in Gwinnett Daily Post


Georgia is a non-judicial foreclosure state.  When a lender wants to foreclose on a Home Owner the first thing they do is give the Home Owner written notice of default.  Then the lender will advertise the property in the Legal Organ of the County the property is located in.  If the foreclosure is not cancelled, the property sells on the courthouse steps on the first Tuesday of the month.

The Legal Organ in Gwinnett County is the Gwinnett Daily Post and the legal ads come out on Thursdays.  The foreclosure ads today take up 18 pages.  When the local real estate market was experiencing their highest number of foreclosures the foreclosure legal ads were sometimes more than 150 pages.

If you are a Home Owner facing foreclosure, please know that I understand the process and can help you navigate the path.  There is a good possibility that if you call me early enough in the process you will have several options.

If you are a Home Buyer, either investor or owner occupant, looking for a great foreclosure deal---they are still available and I know how to find them.

As always, it is my goal to help you reach your personal real estate goals---never any pressure, just information.

Buford has a nature trail in Braille


Whispering Woods Braille Trail

located at the Gwinnett Environmental and Hertiage Center

2020 Clean Water Drive, Buford  30519


The Whispering Woods Braille Trail features are fully accessible to the visually impaired and their guide dogs.  It allows visitors to use their sensory skills for activities such as hearing birds chirp and feeling plants and trees and reading the more than a dozen Braille signs with facts about the area.



Cleaning out 2011 files


August was a bittersweet month for me.  Two of my past clients that had purchased homes in 2011 sold their homes and moved out-of-state.  While it was wonderful to have these two great homes to market, and it was exciting to see my past clients walk away from the closing table happy happy---knowing this transaction will be the last time I am to work with these friends brought sadness.  Each and every client that I work with is important to me.  If you choose to work with me you will not become a number, a statistic, or the closing needed to reach the set goal----you will be an individual making a decision regarding one of the largest purchases of your life.  It is important to me that you complete your real estate transaction with the knowledge that the fully educated choice you made was the one that was correct for you.  As always, I am available to talk with you.  There is never any obligation or pressure.  Real Estate is my passion and discussing your goals/options/choices/timeline is fun for me.  Give me a call, text or e-mail.  How may I be of service to you?

Next Monday Dacula Pipeline work will impact traffic


DACULA, GA — Traffic in Dacula may soon be taking some twists and turns, as work begins replacing a fuel pipeline that runs through the city.

Colonial Pipeline has decided to replace the entire section of its pipeline that runs through the city, Dacula officials announced Thursday.

Work on the project is set to begin Monday. There is no set end date for the work.

"Dacula residents and visitors may see traffic delays as this work continues through the remainder of Summer," the city said in a news release.

The city says the decision to replace the pipe came after Colonial began work on a leak in early 2016 and found other issues that needed to be addressed.

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