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19 September 2011
Mortgage Rates off Recent Lows
The borrowing costs required for average mortgage rates rose today, in some cases high enough to nudge the actual interest rate an eighth of a point higher. This is the first time in over a week that we've seen recent rates threatened. Good economic Read More...
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15 October 2008
Fed Cuts Rate by .50==Multi-Family Financing Still Unknown
Fed Cuts Rate by 50 Basis Points, Impact on Multi-Family Financing Still Unknown The Federal Reserve today ordered an emergency interest rate cut of half a percentage point , knocking the key rate down to 1.5 percent. The Fed fund rate is the interest Read More...
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11 April 2008
Buyers and Renters - The Cost of Waiting
First up: The loss of tax deductions . In most cases, people who lack a mortgage pay more federal and state income taxes than those who qualify for a mortgage deduction. A Mortgage Calculator illustrates this point: Assume that a buyer is currently paying Read More...
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11 April 2008
2008:The Best Year to Buy a Home in 35 Years!
In April of 1973 , mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's Read More...
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08 March 2008
International Buyers - Sizing Up the California Market.
Due to my efforts in optimizing my website www.LAexclusiveProperty.com I am speaking with more and more International Buyers that are beginning to consider real estate investments in California. The reasons for this traction are the weakened dollar and Read More...
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13 February 2008
Transactions #'s Down...Jan '08 Data
Are Buyers and Sellers waiting out the market? They may be, as evidenced by the latest data regarding SoCal Home Sales Transactions which fell below 10,000 in the month of January. This is the first time this has happened in around 20 years. Clearly, Read More...
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16 January 2008
94% Chance of Price Decline?
Riverside, CA just outside of Los Angeles, is on target to see continued Home Price declines for the next 2 years. The odds that this will come true are 94% based on a statistical model by PMI Mortgage Insurance Co. This same model applied to the Los Read More...
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23 December 2007
Market downturn - Where is the bottom?
One of the main reasons for the housing market downturn is the unprecedented run up in home prices (since 2003) which proved to be out of line with inflation and other "fundamentals". When will we see the BOTTOM? When Builders cease with their Read More...
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22 December 2007
30 year fixed at 5.66%
Jan. 2008 Stats: The 30-year fixed-rate average sank to 5.66 percent, and the 15-year fixed rate slid to 5.17 percent. The 1-year adjustable rate was down at 5.4 percent. My #1 Ranked Real Estate Site: www.LAexclusiveProperty.com Read More...
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