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13 January 2012
Mortgage Rates drop to record lows...track the yield on the 10 year treasury note
Record Rates: Rate on 30-year mortgage drops to record 3.89 pct.--Average rate on 30-year fixed loan dips to 3.89 pct., 15-year drops to 3.16 pct. >Mortgage rates are lower because they track the yield on the 10-year Treasury note, which fell below Read More...
27 June 2011
Mortgage Loans rates move lower after weak job report
Freddie Mac recently released the results of its Mortgage Market Survey, which showed weaker than expected job growth in May 2011 pushing both fixed and adjustable-rate mortgages to new lows for the year. The 30-year fixed averaged 4.49% and the 15-year Read More...
07 June 2011
Maximum allowable loan limits (also know as High Balance Loan Limits) will be reduced
Reductions to High Balance Loan Limits Effective October 1st 2011 Maximum allowable loan limits (also know as High Balance Loan Limits) will be reduced as illustrated on the chart below. These limits are also subject to change at any time. Los Angeles Read More...
12 September 2009
Ten Year Note at 3.28%...WoW!!
Ten-year-note yields dropped 2 basis points, or 0.02%, to 3.33%. They earlier touched 3.28%, the lowest since May 20. Yields move inversely to bond prices and mortgage rates. Benchmark 10-year notes are on track to score a fifth weekly gain after the Read More...
15 June 2009
Rates move higher in past 2 weeks after their bottom in May
As I mentioned before, added supply has been one of the main culprits behind the recent sell-off in Bonds and corresponding climb in home loan rates . So where is that supply coming from? First, all those refinances you've heard about lately are actually Read More...
18 May 2009
May 18, 2009-Real Estate News This Week
(Remember, inflation is the archenemy of Bonds and home loan rates, so I will be keeping a close eye on this in the coming months.) The Department of Housing and Urban Development's Federal Housing Administration making a very interesting announcement Read More...
15 April 2009
March California Foreclosure Report
Notices of Default , the first step in the foreclosure process , reached a record level – nearly 26 percent higher than the previous historic peak in April 2008. Notices of Trustee sale , which set the auction date and time, rose 82.3 percent from Read More...
13 February 2009
Auction Opportunities and Foreclosure Numbers
Auction investment opportunities continue to increase. January brought an unexpected, across the board drop, in the total Notices of Default, Notices of Trustee Sale, and sales at auction, not only from the prior month, but year over year as well. Even Read More...
08 February 2009
Home Prices to Bottom in 2009..New Report!
House prices in much of the U.S. will bottom out in this year's fourth quarter, Moody's Economy.com says in a new report. The report projects that peak-to-trough declines for metro areas will be 53% in Los Angeles. In some of the hardest hit markets, Read More...
10 January 2009
Economist's Commentary: January 9, 2009
Quick Take on the Economy: January 9, 2009 By Lawrence Yun, NAR Chief Economist Employment Situation December 2008:Payroll jobs were cut by 524,000 and the unemployment rate rose to 7.2 percent. From the cyclical peak employment 12-months ago, a net 2.6 Read More...
08 January 2009
Rates Fall to Record Low of 5.01%
The 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.6 point for the week ending Jan. 8, 2009, down from last week when it averaged 5.10 percent, according to Freddie Mac’s latest results of its Primary Mortgage Market Survey Read More...
14 December 2008
NAR 2009-2010 Forecast...Rates are coming DOWN
Please contact me: Thomas Ray,M.S.,Realtor Keller Williams/Marina Office:310.862.1786, Cell:310.420.1149 www.LAexclusiveProperty.com Read More...
13 October 2008
September California Foreclosure Report
New foreclosure activity plunges, California State Senate Bill 1137 takes effect, dramatically impacting foreclosure filings. Notice of Default filings, which indicate the start of the foreclosure process, fell 61.8 percent in September due primarily Read More...
14 July 2008
Prices are Rising-for four straight months!!
Prices have risen for four straight months. The median home price has fallen from a high of $230,200 in July 2006 to a low in February 2008 at $195,600, a drop of 15%. Since February, however, it has risen steadily every month. By May the index (which Read More...
14 July 2008
Economic Calendar for the Week of July 14 – July 18
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