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Escondido, CA Real Estate News

By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update February 3, 2010, 10:15  PT DAILY RATE LOCK ADVICE Lock Advice:  FLOAT with CautionMBS prices are down -2/32, above 9:45 et pricing of -4/32. ISM Services came in a little lower than expected. RATE NOTES:When MBS prices are up, Interest Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.04% on Feb.2 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.731% Down 0.004%. 10 Year Treasury Currently 3.670% Down -0.01% DJI Stocks $10,287.55,  Down -9.3, -0.09% European and Asian Markets Down -0.245% Nymex Crude Oil Currently $77.27 Up $0.04 Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story FHA is Effectively Out of Making Condo Loans Story ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
I have been hearing rumors that FHA wants to increase their annual mortgage insurance preimium (MIP) from .55% to .85% the only source I have found so far is this article in the Washington News section of National Mortgage News. February 1, 2010  "The Federal Housing Administration is seeking congressional permission to raise the annual premium on FHA-single-family loans to 0.85%, up from the current 0.55% statutory limit, according to the President's fiscal year 2011 budget proposal. "If granted this statutory flexibility, FHA will lower the upfront premium to 1% and increase the annual premium from 0.50% to 0.85%," the budget document says. The discussion of FHA issues in the budget documents also indicates FHA might charge a 0.90% annual premium on low downpayment mortgages. FHA is i...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update February 2, 2010, 10:35  PT DAILY RATE LOCK ADVICE Lock Advice:  FLOAT with CautionMBS prices are up 2/32. Pending Home Sales were up 1% as expected. RATE NOTES:When MBS prices are up, Interest Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.04% on Feb.2 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.735% Up 0.032%. 10 Year Treasury Currently 3.680% Up 0.05% DJI Stocks $10,277.27,  Up 91.74, 0.9% European and Asian Markets Up 1.091% Nymex Crude Oil Currently $76.85 Up $2.42 Fannie Mae is providing 3.50% Buyer Assistance on HomePath Loans Story FHA is Effectively Out of Making Condo Loans Story FHA Suspends Four Lenders Story FHA UFMIP will increas...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update February 1, 2010, 12:00  PT DAILY RATE LOCK ADVICE Lock Advice:  FLOAT with CautionMBS prices are down -6/32 up 4/32 from today's low of -10/32.Personal Income came in close to expectations. RATE NOTES:When MBS prices are up, Interest Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.01% at 5.04% on Feb.1 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.703% Down 0.038%. 10 Year Treasury Currently 3.630% Down -0.05% DJI Stocks $10,177.44,  Up 110.11, 1.09% European and Asian Markets Up 0.596% Nymex Crude Oil Currently $74.63 Up $1.74   Fannie Mae is providing 3.50% Buyer Assistance on HomePath Story FHA is Effectively Out of Making Condo Loans Story FHA Suspend...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update January 29, 2010, 9:30  PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are unchanged from Thursday's close and up 6/32 from today's low.  Favorable repricing is a possibility.Fourth quarter GDP grew at 5.7%, above the consensus of 4.6%.Consumer Sentiment came in at 74.4, 1.4 above the consensus. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.03% at 5.04% on Jan.28 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.742% Up 0.031%. 10 Year Treasury Currently 3.680% Up 0.02% DJI Stocks $10,118.11,  Down -2.35, -0.02% European and Asian Markets Up 0.403% Nymex Crude Oil Currently $73.83 Up $0.19 FHA is Effectively Out of M...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update January 28, 2010, 6:45  PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are down -3/32. Durable Orders came in weaker than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.07% on Jan.27 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.749% Up 0.038%. 10 Year Treasury Currently 3.660% Up 0.01% DJI Stocks $10,201.78,  Down -34.38, -0.34% European and Asian Markets Up 0.671% Nymex Crude Oil Currently $74.08 Up $0.41 Is FHA Leaving the Condo Business? Story FHA Suspends Four Lenders Story FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010 Other FHA Changes are in the wind according to FHA ...
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By Lorraine or Loretta Kratz, Certified Negotiation Consultants
(Crescent Moon Realty, Inc. & Land N Sea Auctions.)
Despite the threat of a lawsuit from the ACLU, Escondido has decided to continue its driver's license checkpoints, which a Latino group has characterized as traps to deport illegal immigrants. Escondido police will conduct them differently, however. Instead of checking only driver's licenses, officers also will ask for proof of registration and insurance, City Attorney Jeff Epp wrote in a letter this month to the American Civil Liberties Union of San Diego & Imperial Counties. The organization has demanded that the city stop the checkpoints because it contends they violate state law. The California Vehicle Code specifies that police cannot stop motorists solely for the purpose of checking driver's licenses. In his letter, Epp said he disagrees with the ACLU's interpretation of the law, ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update January 26, 2010, 11:50  PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are currently up 3/32, down from today's high of 6/32Consumer Confidence increased slightly and demand was average for today's 2-Year bond auction.   RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.07% on Jan.26 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.687% Down 0.024%. 10 Year Treasury Currently 3.660% Up 0.04% DJI Stocks $10,251.43,  Up 54.57, 0.54% European and Asian Markets Down -0.09% Nymex Crude Oil Currently $74.70 Down $0.56 FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010 Other FHA Changes are in the wi...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update January 25, 2010, 6:50  PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are down -2/32. Existing Home Sales will be released at 10:00 ET.. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.04% at 5.09% on Jan.22 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.711% Down 0.085%. 10 Year Treasury Currently 3.620% Unchanged 0% DJI Stocks $10,246.82,  Up 73.84, 0.73% European and Asian Markets Down -0.18% Nymex Crude Oil Currently $74.48 Down $0.06 FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010 Other FHA Changes are in the wind according to FHA Commissioner David H Stevens on a conference call to reporte...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
If you are considering purchasing a home in North San Diego County, in Escondido, San Marcos or beyond, you have probably already begun your search. No doubt you have looked at homes on the Internet. According to the National Association of Realtors®, 90% of home buyers begin their home search on the Internet. Perhaps you have visited Zillow, Trulia, or Realtor.com. Maybe you have even attended a few open houses. These are all great first steps as they allow you to become familiar with the real estate market in your area of interest-home buying in Escondido. Your next step (if you have not already done so) is to hire a qualified Realtor®. (Click on the words qualified Realtor® for some tips and tools on how to interview prospective agents.) Many home buyers in North San Diego County wou...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update January 22, 2010, 6:30  PT RATE LOCK ADVISORY Lock Advice:  FLOAT With CautionMBS prices are down -4/32. No economic data will be released today. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.13% on Jan.21 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.682% Down 0.114%. 10 Year Treasury Currently 3.620% Down -0.06% DJI Stocks $10,363.58,  Down -26.3, -0.25% European and Asian Markets Down -1.138% Nymex Crude Oil Currently $75.61 Down $0.47 FHA UFMIP will increase from 1.75% to 2.25% effective April 5. 2010  Other FHA Changes are in the wind according to FHA Commissioner David H Stevens on a conference call to ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update   January 21, 2010, 6:30 PT RATE LOCK ADVISORY Lock Advice:  LOCKMBS prices are down -8/32 from Wednesday's close.   Jobless Claims came in higher than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.14% on Jan.20 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.719% Down 0.078%. 10 Year Treasury Currently 3.680% Down -0.05% DJI Stocks $10,612.45,  Up 9.3, 0.09% European and Asian Markets Up 0.267% Nymex Crude Oil Currently $77.92 Up $0.18 FHA Changes are in the wind according to FHA Commissioner David H Stevens on a conference call to reporters yesterday. UFMIP will increase to 2.25% from 1.75% this yea...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update January 20, 2010, 8:30 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +9/32. Rates are improving this AM, I suggest that new locks be held until this afternoon.  The PPI inflation data was mixed, while Housing Starts were lower than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.15% on Jan.19 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.796% Down 0.069%. 10 Year Treasury Currently 3.730% Up 0.03% DJI Stocks $10,534.91,  Down -190.52, -1.78% European and Asian Markets Down -1.716% Nymex Crude Oil Currently $77.09 Down $1.93 FHA Changes are in the wind according to FHA Commissioner David H ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update January 19, 2010, 6:45 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are down -3/32. No economic data will be released today. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .  Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.15% on Jan.18 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.796% Down 0.066%. 10 Year Treasury Currently 3.70% Down -0.06% DJI Stocks $10,663.61,  Up 53.96, 0.51% European and Asian Markets Down -0.177% Nymex Crude Oil Currently $77.42 Down $0.58 Free Webinar: Understanding the 2010 Good Faith Estimate. Bringing sense to the the most misconceived, misunderstood disclosure ever. Tuesday, January 19, 10AM to 11AM PT The TBWS boys ass...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
If you are considering selling your home in Escondido, San Marcos, Vista, Oceanside or anywhere in San Diego County, there are a number of things to take into account. Here is a list of several blog posts that will provide you with lots of information about the current real estate market. The list also includes posts with tips and tools for home sellers in San Diego County. Want to Sell Your San Diego County Home?  This post provides some tips and tools for anyone considering selling a home-short sale or traditional sale. Short Sales in Escondido  This post provides you with recent data on the current housing market in Escondido. Escondido Short Sales May Get a Little Easier in 2010  This post reviews the latest governmental short sale policies and procedures and how they may impact you...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
The first and only PUBLIC OPEN HOUSE will be held this Sunday January 17th at 1136 Hubbard Avenue in Escondido       Come PICK ORANGES and enjoy a personal tour of this unique property: 5 bedrooms and 3.5 baths (2 masters, 1 up and 1 down) 24 x 28 Detached Workshop Citrus and Avocado Orchard Separate Rental Unit at $850/month 2-Car Garage with Extra Storage Bay and Private Office Fabulous Mountain Views   SUNDAY JANUARY 17th from 1 until 4 pm Visit 1136 Hubbard for more information, photos and videos ******************************** Subscribe in a reader If I can provide more information about Escondido real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDo...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update January 15, 2010, 7:30 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +12/32. CPI inflation came in slightly lower than expected, RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .  Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.17% on Jan.14 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.796% Down 0.039%. 10 Year Treasury Currently 3.760% Down -0.04% DJI Stocks $10,602.62,  Down -107.93, -1.01% European and Asian Markets Down -0.883% Nymex Crude Oil Currently $78.66 Down $0.73 Free Webinar: Understanding the 2010 Good Faith Estimate. Bringing sense to the the most misconceived, misunderstood disclosure ever. Tuesday, January 19, 10AM to 11AM PT T...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Valerie Osterhoudt posted this warning on her blog but made it "Members Only" so I was unable to reblog it, shame on you Valerie.   Yes, I know this is plagiarism but Valarie's warning is to important not to pass on so I copied and pasted it to my blog.  I know plagiarism places me in jeopardy of being removed from AR but I decided to sacrifice myself to benefit my fellow gum chewing Americans.
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice & Mortgage Market Update January 14, 2010, 5:00 PT RATE LOCK ADVISORY Lock Advice:  FLOAT with CautionMBS prices closed up +6/32. MBS prices reached a high of +11/32 after  today's weaker than expected economic data launched an early rally, which didn't last long RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day .  Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.17% on Jan.14 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.796% Up 0.017%. 10 Year Treasury Currently 3.760% Down -0.04% DJI Stocks closed Thursday at $10,710.55,  Up 29.78, 0.28% European and Asian Markets Up 0.369% Nymex Crude Oil Currently $78.98 Down $0.41   Free Webinar: Understanding the 2010 Good Faith Estimate. Bringi...
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Hello and Welcome to Escondido California Free Foreclosure Auction Search, Bank Owned REO, Short Sales, and Homes for Sale. November 10th, 2009 Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone?   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them. Understanding the overall process is the key, and here is how the process goes as an overview: Pre-Foreclosure (Also known as Notice of Default).  Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage.  Under the new California Foreclosur...
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