Fredericksburg Happenings This Weekend

Renewable Energy Roundup this weekend The 10th Annual Renewable Energy Roundup & Green Living Fair returns to Fredericksburg at the Marktplatz at the 100 block of W. Main St. beginning Friday, September 25 from noon until 6:00 p.m., Saturday from 9:00 a.m. until 6:00 p.m., and then Sunday from 9:00 a.m. until event wraps at 3:00 p.m.

Admission on Friday or Sunday is $10; on Saturday, $12, or it’s $20 for a 3-day pass (children under 12 free). Tickets will be sold at the gate. For more information, call 1-877- 3ROUNDUP or visit www.theroundup.org .

Pioneer Museum to host Roots Music Concert on Saturday Music fans can enjoy Cajun music and Cajun cooking at the upcoming Roots Music Concert this Saturday, September 26, at the Pioneer Museum – located at 325 W. Main St. in Fredericksburg. For details, including hours and admission costs, call 830-997-2835 or visit www.pioneermuseum.net .

Hill Country Horse Club to host Ranch Rodeo this Saturday Teams of four will be vying for honors this Saturday, September 26 at 7:00 p.m. when the Hill Country Horse Club holds its Ranch Rodeo at the club at 283 Equestrian Drive in Fredericksburg. For information, call Justine Elliot at 830-456-0219.

Boutique Wine and Food Festival this Saturday Texas Vineyards & Beyond, located at 329 ½ E. Main St. in Fredericksburg, will host the Boutique Wine and Food Festival this Saturday, September 26 from 2:00 – 6:00 p.m., featuring wine tastings from five Texas wineries and food pairings from local food artisans. Cost is $10 per person and includes logo wine glass, logo hors d’oeuvres plate; plus wine, cheese and food tasting. For more information, call 830-990-9199 or visit www.texasvineyardsbeyond.com .

From Tony Stevenson,

SWBC
9311 San Pedro Ave., Suite 100
San Antonio, TX 78216
Economic Data: Week Sept 21

Consumer stocks drove the DOW up 36 points for it’s second weekly gain in a row. Plus, the unemployment rate dropped in 16 states in August. More signs of stabilization in the economy. Retail sales rose as well.

Ben Bernanke said that the worst recession since the 1930’s is probably over. But, we are still going to see the unemployment situation persist. We’re all waiting to see if the White House will extend the $8k tax credit which has helped first-time home buyers in recent months. The NAR is asking Congress to extend the credit into next year.

Also, Mortgage rates fell very slightly last week. According to Bankrate.com, “Market participants seem to be slightly optimistic that a recovery will come soon, but they are not ‘wildly’ optimistic. That sentiment keeps rates (mortgage) from rising.” This just means that they expect inflation, but not as soon as once expected. Inflation is the arch enemy of MBS’ (Mortgage Backed Securities).

Look for changes in FHA loans coming in the near future as well. Will the DOW hit 10000 this week? Will Mortgage rates remain at today’s levels?