Bob's Coto Blog

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Real Estate Agent - Realty ONE Group - Calif BRE # 00581357
All you need to know about Coto de Caza California - a one of a kind gated community which includes two 18 hole golf courses, and a wonderful lifestyle.
RECENT BLOG POSTS
Mortgage markets worsened last week on a mixed bag of economic data.  Inflation data came in soft, but so did the start of the holiday shopping season. For the first time in a month, mortgage rates worsened last week, adding roughly 0.125 percent on conforming fixed-rate products, and a little bi...
11/23/2009
A "Housing Start" is a home on which construction has started and, for the 4th straight month, national single-family housing starts held steady last month.  When the demand for homes grows faster than the number of homes for sale, prices increase.  As recent home sales data confirms, buyers cur...
11/19/2009
Here is the latest Orange County, California, Housing Report from my friend Steven Thomas, the President of Altera Real Estate. Monday, November 16, 2009 Have you ever pedaled up a steep hill on your bicycle as a kid only to wonder if you were going to ever make it? That's the same feeling that s...
11/18/2009
A conforming mortgage is one that, quite literally, conforms to the mortgage guidelines set forth by Fannie Mae or Freddie Mac. Each year, the government sets the maximum allowable loan size for a conforming mortgage, based on "typical" housing costs nationwide.  Loans in excess of this amount a...
11/17/2009
Mortgage markets improved last week as foreign buyers of mortgage debt helped to push mortgage rates to a 4-week low. It marked the 3rd consecutive week that rates improved, breathing extra life into this year's ongoing Refi Boom. Fixed-rate, conforming mortgage rates fell about 0.125 percent on ...
11/15/2009
From today's Los Angeles Times:   If you fit the criteria and are considering buying another house in the coming year, you might want to speed up the process and close by the June 30 expiration date. By Kenneth R. Harney,    November 15, 2009  Reporting from Washington - Take a close, hard look ...
11/15/2009
For the eighth straight consecutive month, national foreclosure activity in the U.S. was dominated by a small set of states. As reported by RealtyTrac.com, more than half of October's foreclosure-related activity came from just 4 states: California Florida Illinois Michigan The remaining Top 10 s...
11/13/2009
Despite the economy's improvement and prodding from Congress, banks don't seem ready to open their purse strings just yet. Nationally, mortgage approval standards are tightening. The data comes from a quarterly survey the Federal Reserve sends to its member banks.  The Fed asks senior bank loan ...
11/11/2009
Consider this a last call for FHA Streamline Refinances.  Starting next Tuesday, the popular rate-lowering program gets strict on borrowers. There's 5 days left. Under the current streamline refi guidelines, FHA homeowners have minimal program eligibility requirements. FICO scores must be 620 or ...
11/09/2009
Mortgage markets were extremely volatile last week, carving out a wide range between Monday and Friday.  Thankfully for rate shoppers, the overall momentum was positive. Mortgage rates fell for the second time in as many weeks. Rates still sit higher versus their early-October lows. For pure "new...
11/09/2009
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Bob Phillips

CDPE, SFR, South Orange Co., CA
local_phone(949) 643-2100
smartphone(949) 887-5305
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