Rate Lock Advice and Mortgage Market Update September 9 , 2009, 9:00 AM PT Lock Advice:  FLOATMBS prices are down -2/32. The Fed's Beige Book will be released at 2:00 PM ET., and there will be a 10-yr auction at 2:00 PM 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 0.01% at 5.17% on Sep.8 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.805% Up 0.007%. 10 Year Treasury currently 3.50% Up 0.03% DJI stocks 9,560.67,  Up 63.33, 0.67% European and Asian Markets Up 0.326% Nymex Crude Oil currently $70.44 Up $1.00 This morning, the US dollar dropped to the lowest level of the year. Also notable, LIBOR fell to a record low. The Fed's Beige Book will be released at 2... 09/09/2009

Rate Lock Advice and Mortgage Market Update September 4 , 2009, 9:45 AM PT Rate Lock Advice:  LOCKMid morning price increase is a risk. MBS prices are down -5/32 (FNMA 30-yr 4.5 at 100.20), below 9:45 et pricing of unchanged. Job losses in August were -216K, which was very close to expectations, and the immediate reaction was small. 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 5.18% on Sep.4 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.786% Down 0.005%. 10 Year Treasury currently 3.420% Up 0.09% DJI stocks 9,424.41, Up 79.8, 0.85% European and Asian Markets Up 1.416% Nymex Crude Oil currently $66.62 Down $0.18 Unemployment Rate report: The economy lo... 09/04/2009

Rate Lock Advice and Mortgage Market Advisory August 28 , 2009, 7:00 AM PT Rate Lock Advice:  FLOATMBS prices are down -3/32. Personal Income and Core PCE came in very close to expectations and had little immediate impact.. 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 5.19% on Aug.27 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.907% Up 0.071%. 10 Year Treasury currently 3.50% Up 0.03% DJI stocks 9,555.69, Down -24.94, -0.26% European and Asian Markets Up 1.027% Nymex Crude Oil currently $72.48 Up $0.20 This morning, July Personal Income remained unchanged from June, which was very close to the consensus forecast. The July Core PCE price index, the ... 08/28/2009

Rate Lock Advice and Mortgage Market Advisory August 26 , 2009, 11:00  AM PT Rate Lock Advice:  FLOATMBS prices are down -2/32. Durable Orders were stronger than expected, There was little reaction in MBS markets. RATE NOTES:When MBS prices are up, yields (rates) are down.Lock advice can change throughout the day .Good economic news is Bad news for Rates. National Average Fixed Rate Mortgage Down 0.01% at 5.2% on Aug.26 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.831% Down 0.025%. 10 Year Treasury currently 3.440% Down -0.01% DJI stocks 9,551.68, Up 12.39, 0.13% European and Asian Markets Up 0.125% Nymex Crude Oil currently $70.71 Up $0.01 Today, July Durable Orders rose 4.9% from June, higher than the consensus forecast of 3.2% and home sales came in stronger then expected.  ... 08/26/2009

RATE LOCK ADVISORY August 19 , 2009,  3:00 PM PST Rate Lock Advice:  FLOATMBS prices closed up +9/32, even with the 9:45 AM ET pricing, and well below the morning high of +14/32. Unfavorable repricing had been seen. When MBS prices are up, yields (rates) are down. NOTE: Lock advice can change throughout the day . National Average Fixed Rate Mortgage Down 0.01% at 5.22% on Aug.19 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.846% Up 0.003%. 10 Year Treasury currently 3.450% Down -0.06% DJI stocks 9,279.16, Up 61.22, 0.66% European and Asian Markets Down -0.636% Nymex Crude Oil currently $73.53 Up $1.12 Weakness in global stock markets has helped MBS markets recover yesterday's losses this morning. The prices for MBS in the US market closed up +9/32, equal to the 9:45 AM ET intial ... 08/19/2009

RATE LOCK ADVISORY August 19 , 2009,  8:30 AM PST Rate Lock Advice:  FLOATLock Advice: Float. MBS prices are up +10/32. Should be a quiet day as there is no economic data will be released today. When MBS prices are up, yields (rates) are down. NOTE: Lock advice can change throughout the day . National Average Fixed Rate Mortgage Unchanged at 5.23% on Aug.18 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.846% Up 0.003%. 10 Year Treasury currently 3.440% Down -0.07% DJI stocks 9,205.02, Down -12.92, -0.14% European and Asian Markets Down -0.587% Nymex Crude Oil currently $72.46 Up $0.05 Weakness in global stock markets has helped MBS markets recover yesterday's losses this morning. The The Mortgage Bankers Association weekly purchase activity index rose by 4%, while the refinancing ... 08/19/2009

FHA Home Loans in Poway Bill Ladewig: My Experience is Your Advantage FHA and VA Specialist since 1970 FHA and VA Lender Consultant FHA and VA Mortgage Trainer FHA 203k Rehabilitation Loan Expert Certified CalVet Loan Officer Bill has been in the mortgage industry since 1970 as a home loan originator, branch manager, Mortgage Company Owner, Mortgage Consultant and Instructor. During this time he has originated and closed several thousand home loans and Hundreds of loan officers and real estate agents have attended his mortgage classes. Bill also publishes a free home loan Rate Lock Advisory every morning. The Adviser arrives before 7:00 AM PT and also provides a brief Rate Lock Advisory and market update designed for real estate agents and loan officers. If you wish to receive the morni... 08/19/2009

RATE LOCK ADVISORY August 18 , 2009,  10:00 AM PST Lock Advice: LOCKUnfavorable repricing may be a risk from some investors. MBS prices are down -7/32 below 9:45 AM ET initial lender pricing of -1/32. Many investors probably priced at lower levels today, reducing the risk.When MBS prices are up, yields (rates) are down. NOTE: Lock advice can change throughout the day . National Average Fixed Rate Mortgage Unchanged at 5.23% on Aug.18 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.843% Up 0.011%. 10 Year Treasury currently 3.50% Up 0.02% DJI stocks 9,213.11, Up 77.77, 0.85% European and Asian Markets Up 0.898% Nymex Crude Oil currently $71.14 Up $1.48 This AM, July PPI showed a decline of -0.9% from June, and PPI decreased -6.8% from one year ago. Core PPI fell -0.1% and increased ... 08/18/2009

$8000 Tax Credit for First Time Buyers Warning: Do Not Wait... The Tax Credit expires November 30, 2009 The credit is available to homebuyers who purchase a home before December 1 of this year.  In an effort to make the effects of the credit felt quickly in the economy, homebuyers can claim the credit on their 2009 tax return. The tax credit represents 10 percent of the purchase price of a home up to a maximum of $8,000 or $4,000 for married taxpayers filing separate returns.   The $7,500 credit that was authorized under earlier legislation last year was actually a 15 year loan; the new tax credit does not have to be repaid by the homeowner under ordinary circumstances. The credit does have to be repaid if the homeowner sells the home in less than 36 months or if the home ceases to be h... 08/16/2009

San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage RATE LOCK ADVISORY August 11 , 2009,  1:15  PM PST Rate Lock Advice:  FLOATMBS AM prices reached a high of 10/32 and currently are up +11/32.   Second Qtr Productivity showed an increase of 6.4%, above the consensus forecast of 5.5% but there was little immediate impact. When MBS prices are up, yields (rates) are down. NOTE: Lock advice can change throughout the day . National Average Fixed Rate Mortgage Down 0.05% at 5.3% on Aug.11 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 5.071% Down 0.099%. 10 Year Treasury currently 3.670% Down -0.13% DJI stocks 9,241.45, Down -96.5, -1.03% Europe... 08/11/2009

San Diego FHA and VA Home Loans Escondido Mortgages Escondido Localism San Diego FHA and VA Home Loans San Diego Localism San Diego UFMIP Escondido Mortgages Escondido Localism San Diego Mortgage RATE LOCK ADVISORY August 10 , 2009,  12:20  PM PST Rate Lock Advice:  FLOATFavorable midday repricing is occuring. MBS prices are up +17/32, above the 9:45 et pricing level of +5/32, and at the high for the day.  Investors are buying bonds ahead of this week's Treasury auctions. Remember, when MBS prices are up Yields (rates) are down. Today will be a light day for economic news ahead of a busy week. Major economic data, large Treasury auctions, and a Fed meeting are on this week's schedule. No economic data will be released today. NOTE: Lock advice can change throughout the day . National Av... 08/10/2009

Allowable FHA Closing costs 2009 Important: Much of the FHA home loan information found online today is outdated. Most aspects of FHA Loans have remained the same over the years, however there have been changes to the FHA closing cost policy. Many of these outdated articles claim there are FHA closing costs the buyer cannot pay, besides the Tax Service fee this is not true anymore..Forward Mortgage Allowable FHA Closing Costs In 2006 FHA discontinued itemized allowable and non-allowable fees.  Lenders can now collect from the borrower those customary and reasonable fha closing costs necessary to close the mortgage. However, borrowers may not pay a Tax Service Fee and may not pay more than a one percent (1%) loan origination fee. Reference  FHA Mortgagee Letter 2006-04 Buyers are allowed... 08/08/2009

$8,000 First TimeHome Buyers Tax Credit Time is running out the $8,000 tax credit ends December 1, 2009. .The $8,000 First time Home Buyer tax credit is available to first time homebuyers who purchase a home before December 1 of this year. Homebuyers can claim the credit on their 2009 tax returnFHA allowed the tax credit to be advanced to assist the purchase in the form of a gap loan but the FHA rules are prohibitive and no lenders, to my knowledge, are participating.The tax credit represents 10 percent of the purchase price of a home up to a maximum of $8,000 First time Home Buyer tax credit for married taxpayers filing separate returns. The $7,500 credit that was authorized under earlier legislation last year was actually a 15 year loan; the new tax credit does not have to be repaid ... 07/30/2009

July 30 , 2009, 6:30 AM PST National Average Fixed Rate Mortgage  Up 0.01% at 5.29% on July.29 Fannie Mae Mortgage Backed Securities Up 0.026% at 4.982% 10 Year Treasury currently 3.680% Down -0.01%  Lock Advice - FLOAT  MBS yields are only slightly down and jobless Claims came in right on target. DJI stocks 9,141.69  +70.97  +0.78% European and Asian Markets Up 1.17% Nymex Crude Oil currently $67.37 Up $2.04  WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the value of your listing and need a local appraiser consider FHA financing where we can still control the appraiser selection Where are the best rates: Mortgage Brokers or Direct Lenders?  Rate Survey The dreaded Stealth Rate Shopper Strikes Ditech full story   Click for inter-day Rate Lock and Market updates 07-... 07/30/2009

Hello and Welcome to Poway California Free Foreclosure Auction Search, Bank Owned REO, Short Sales, and Homes for Sale.   July 20th, 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. Here are some of the latest statistics from Foreclosure Radar hot off the press for June 2009.  If you are unfamiliar with some of the following terms please read below for further explanations. Notice of Defaults for California rose by 11.8% to the second highest level on record a... 07/20/2009

If you've got some children who have not yet been exposed to model railroads, I have a great place to get them that exposure. You just might find some interesting plants to buy for your home, too. My two favorite plant nurseries in San Diego County are Simpson's Garden Town Nursery in Jamul and Walter Andersen's Nursery in Poway. Both of them are much, much more than just plant nurseries. For example, Walter Andersen's Nursery in Poway has a huge garden railroad. It's usually not running when I go by, but I was at a recent home inspection up in Poway and we stopped by after the inspection. The Garden Railroad was not only running, but they have changed from running it two days a week to running it daily from 10:00 a.m. to 4:00 p.m. If you're in the neighborhood, stop by and just relax ... 06/05/2009

Hello and Welcome to Poway California Foreclosure Auction, Bank Owned REO, and Homes for Sale.   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 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.  The current lender files with the County Recorders office a Notice of Default.  When this ... 06/04/2009

Poway California Auction, Foreclosures & Bank Owned REO Real Estate We have added a new Pre-Foreclosure and Foreclosure Auction Search feature to our website.  You can now search every Pre-Foreclosure, Foreclosure, and Auction property in San Diego County.  This new capability, along with the ability to search all active Foreclosure, Short Sale, and REO listings, along with the entire San Diego County MLS, makes the Four Seasons Realty Website one of the most up to date and informative websites in the region.           Click the Yellow Map Below to search Pre-Foreclosure, Foreclosure, and REO Properties.   April 2009 Foreclosure, REO, and Short Sale update. According to Foreclosure Radar (A service which tracks every single foreclosure daily in the state of California) in the month of A... 05/29/2009

FNMA Mortgage up to 95% on SFR to $417,000 max loan amount. Great alternative to FHA and NO UFMI add to your loan. Also, FNMA 90% LTV for investment properties on FNMA purchase Homes. Investors will be cap @ 10 max financed properties.  Rates as low as 4.5% on a 30 year FIX! Call me or email for more information! CAN LEND IN ALL 50 STATES 05/16/2009

Hello and Welcome to Poway Foreclosure properties. During the recent down turn Poway home prices have experienced declines due to the overwhelming number of foreclosures and the tightening of credit. The region also faces pressure due to the recent rises in unemployment. So the question to ask, Is there opportunity to buy in this market? We believe the answer is Yes, but only with the right approach. The potential silver lining and opportunity here is the following: According to Dataquick, in the month of March, 2009 there were 3,020 sales in San Diego county which represents a 43% increase in sales volume over March of 2008. The median home prices in Poway for that same period have fallen by 20.4% to a median price for Poway of 390,000 making Poway as affordable as it’s been in years.... 05/08/2009