Ray Avanzino, VP of Lending, Guaranteed Rate

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Mortgage and Lending - Stearns Lending - NMLS # 288504
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Treasuries are relatively flat and stocks gain as earnings come in better than expected for Goldman Sachs and Johnson & Johnson, as well as improving housing data.  The Commerce Department said homebuilders broke ground on 7.2% more homes in March than in February. Housing starts rose to an annua...
04/19/2011
Have you been looking for a condo, and wanted to put little down, go FHA, and find out the complex was not FHA approved?  We are here in San Mateo, CA, and if you go up on the FHA approved condo list online, you only see a handful.  Well there is a way around it.  You have to put the effort out a...
04/18/2011
Treasuries are relatively flat this morning as the debt crisis in the European periphery continues to deteriorate, and as the S&P downgrades the US debt outlook to negative.  Standard and Poor's expressed concern that U.S. policymakers haven't addressed critical fiscal issues, and our top triple-...
04/18/2011
Treasuries gain this morning after the new report of jobless claims surged more than expected.  The first time claims unexpectedly rose by 27,000 to 412,000 for the week ending April 9.  Also helping the fixed markets was a tepid Producer Price Index that ticked 0.7% higher last month, but well b...
04/14/2011
Whether you are dreaming of buying a new home, lowering your existing payments, or taking cash out, the CalSTRS Home Loan Program can help by offering competitive rates on mortgage loan programs. Conventional 15 and 30 year fixed rate programs are available, up to $834,000 with as little as 5% do...
02/15/2011
Last Week in the News According to the ICSC-Goldman Sachs index, retail sales fell 0.2% for the week ending August 7. On a year-over-year basis, retailers saw sales increase 3.7%. The Labor Department reported that in the second quarter productivity fell at an annual rate of 0.9%, labor costs ro...
08/16/2010
Last Week in the News Existing home sales fell 2.2% in May to a seasonally adjusted annual rate of 5.66 million units from a revised 5.79 million units in April. The inventory of unsold homes on the market decreased 3.4% to 3.89 million, an 8.3-month supply at the current sales pace, down from a...
06/28/2010
Senate Passes HomebuyerTax Credit Extension The Senate has passed a bill to give homebuyers another three months to close on their homes and receive tax credits up to $8,000. The Tax Extenders Bill would apply to homebuyers who met the April 30, 2010 deadline with a signed contract to purchase a ...
06/19/2010
According to the Federal Reserve, consumer credit debt rose in April by $954.8 million. Economists had forecast that consumer debt would fall by $1 billion in April. Consumer credit debt fell in March by $5.44 billion. The Mortgage Bankers Association said its seasonally adjusted index of mortgag...
06/14/2010
The Institute for Supply Management reported that the monthly composite index of manufacturing activity was 59.7 in May, after reaching 60.4 in April. A reading above 50 signals expansion. It was the 10th straight month of expansion. Total construction spending rose 2.7% to $869 billion in April,...
06/07/2010
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Ray Avanzino

local_phone(650) 257-2068
smartphone(650) 576-6531
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