Rate Lock Advice & Mortgage Market Update January 11, 2010, 7:20 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +9/32, favorable repricing is possible from early investors. 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 Unchanged at 5.2% on Jan.8 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.836% Up 0%. 10 Year Treasury Currently 3.80% Down -0.03% DJI Stocks $10,603.76,  Down -14.43, -0.14% European and Asian Markets Up 0.362% Nymex Crude Oil Currently $83.22 Up $0.47 Vote on To Big To Fail. Move your money to local banks and credit unions Bad News! Bill Introduced in House to Increase FHA Down Payment to 5.00% ... 01/11/2010

Is Wachovia (World Savings) your mortgage lender? Do you need to sell your home in a short sale? Well, if you reside in San Diego County (Escondido, San Marcos, Vista, Oceanside and beyond), then I have some good news for you! Despite the fact that most home sellers who want to participate in a short sale have heard horror stories about the process, Wachovia short sales in San Diego County have just gotten a little bit easier. In some areas of the nation, Wachovia now has a special system that will help homeowners through the short sale process very quickly and efficiently. Usually, the short sale can be approved and the transaction can be closed in less that 45 days! Now, San Diego County is one of those areas with the new, special system! The first step to selling your home in a short... 01/09/2010

Panoramic view homes with land are a rare find, especially near the coast. At least at a price folks consider somewhat affordable, say a million or so.  Inland, such as in the Escondido real estate market, one can still find properties like this, although they are somewhat rare, for well under a million, with the trade off being a bit further from the beach but having less marine layer and warmed temperatures in the summers.    READ MORE: A Tour of Escondido, A Diverse Inland San Diego Community     The Escondido real estate market has a rare offering for buyers looking for land, views and a spacious house. Here are the main features of this terrific home that just came on the market - the first PUBLIC OPEN HOUSE will be Sunday January 17th from 1 - 4. Come enjoy the views and pick some... 01/09/2010

Rate Lock Advice & Mortgage Market Update January 08, 2010, 2:15 PT RATE LOCK ADVISORY Lock Advice:  LOCKMBS prices down to 4/32 after they shot to up 12/32 after the Non Farm Employment report showed a loss of -85K jobs, compared to the expected -5k.  Unemployment remains at 10.0% 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 5.2% on Jan.8 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.873% Down 0.076%. 10 Year Treasury Currently 3.830% Down -0.02% DJI Stocks closed Friday at $10,618.19,  Up 11.33, 0.11% European and Asian Markets Up 0.443% Nymex Crude Oil Currently $82.89 Up $0.23 Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read... 01/08/2010

Rate Lock Advice & Mortgage Market Update January 08, 2010, 8:30 PT RATE LOCK ADVISORY Lock Advice:  LOCKMBS prices down to 4/32 after they shot to up 12/32 after the Non Farm Employment report showed a loss of -85K jobs, compared to the expected -5k.  Unemployment remains at 10.0% Look for unfavorable repricing RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day. Update  Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.2% on Jan.7 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.949% Up 0.096%. 10 Year Treasury Currently 3.820% Down -0.03% DJI Stocks $10,576.25,  Down -30.61, -0.29% European and Asian Markets Up 0.487% Nymex Crude Oil Currently $82.27 Down $0.39 Vote on To Big To Fail. Move your money to lo... 01/08/2010

Rate Lock Advice & Mortgage Market Update January 07, 2010, 3:25 PT RATE LOCK ADVISORY Lock Advice:  LOCKMBS prices Closed down -8/32 which resulted in unfavorable repricing this afternoon.  Jobless Claims came in lower than expected.  No more 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 Unchanged at 5.2% on Jan.7 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.854% Up 0.044%. 10 Year Treasury Currently 3.820% Down -0.03% DJI Stocks $10,606.86,  Up 33.18, 0.31% European and Asian Markets Down -0.143% Nymex Crude Oil Currently $82.66 Down $0.52 Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read Story. Don't M... 01/07/2010

Rate Lock Advice & Mortgage Market Update January 07, 2010, 10:25 PT RATE LOCK ADVISORY Lock Advice:  LOCKMBS prices are down -4/32. Unfavorable repricing is a risk from some investors.  Jobless Claims came in lower than expected. No more economic data will be released today. RATE NOTES:When MBS prices are up, Rates are down.Lock advice changes throughout the day.  Update Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.2% on Jan.7 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.854% Up 0.044%. 10 Year Treasury Currently 3.830% Down -0.02% DJI Stocks $10,586.00,  Up 12.32, 0.12% European and Asian Markets Down -0.196% Nymex Crude Oil Currently $82.64 Down $0.54 Vote on To Big To Fail. Move your money to local banks and credit unions Bad News! ... 01/07/2010

Rate Lock Advice & Mortgage Market Update January 06, 2010, 2:00 PT RATE LOCK ADVISORY Lock Advice:  LOCKMBS prices closed down -8/32 and unfavorable repricing took place. Today's ISM Services report came in below the consensus forecast, but expectations for stronger economic growth hurt MBS markets.  The FOMC minutes from the December 16 Fed meeting revived hope for the possibility of additional Fed asset purchases beyond the scheduled expiration of the MBS purchase program at the end of March. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.2% on Jan.6 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.81% Down 0.037%. 10 Year Treasury Currently 3.820... 01/06/2010

Rate Lock Advice & Mortgage Market Update January 06, 2010, 8:30 PT RATE LOCK ADVISORY Lock Advice:  LOCKMBS prices are down -10/32.  Unfavorable repricing is a risk from most investors.   Rising expectations for Friday's Employment report are hurting MBS markets. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day.  UpdateGood economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.2% on Jan.5 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.81% Down 0.037%. 110 Year Treasury Currently 3.820% Up 0.05% DJI Stocks $10,587.66,  Up 15.64, 0.15% European and Asian Markets Up 0.131% Nymex Crude Oil Currently $82.33 Up $0.56  Vote on To Big To Fail. Move your money to local banks and credit unions Bad News! Bill Introduced... 01/06/2010

Rate Lock Advice & Mortgage Market Update January 05, 2010, 11.30 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +13/32 with possibility of midday price improvement.  Factory orders were much higher than expected and Home Sales declined 16% much more than expected giving a boost to MBS Markets RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.2% on Jan.5 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.847% Down 0.073%. 10 Year Treasury Currently 3.750% Down -0.1% DJI Stocks $10,535.89,  Down -48.07, -0.45% European and Asian Markets Up 0.258% Nymex Crude Oil Currently $81.44 Down $0.07 Bill Introduced to Increase FHA Down Payment to 5.00% f... 01/05/2010

Do you live in the Escondido Country Club area? This is a wonderful area of Escondido with such great proximity to golf courses, shopping and the freeways. It is so convenient and easily accessible for workers and families alike. Sadly, however this area has taken quite a hit with regard to property values. Over the past 24 months, the Escondido Country Club area has seen a decline. While many individuals who reside there are long time residents, there are some who have seen their property values decline so greatly that they now owe more to their mortgage lender than their property is worth. Below you will see a graph which shows the unfortunate decline in property values in 92026: If you owe more than you property is worth and you need to sell, you have probably heard about the short s... 01/04/2010

Rate Lock Advice & Mortgage Market Update January 04, 2010, 1:50 PT RATE LOCK ADVISORY Lock Advice:  FLOATMost indicators indicate higher rates in 2010This moringing MBS prices are up +9/32.  Despite stronger than expected manufacturing data and further gains in the stock market, MBS prices have moved higher. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.03% at 5.22% on Jan.4 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.92% Up 0.025%. 10 Year Treasury Currently 3.820% Down -0.03% DJI Stocks $10,583.96,  Up 155.91, 1.5% European and Asian Markets Up 1.303% Nymex Crude Oil Currently $81.56 Up $2.20   Vote on To Big To Fail. Move your money to local banks and... 01/04/2010

Rate Lock Advice & Mortgage Market Update January 04, 2010, 11:10 PT RATE LOCK ADVISORY Lock Advice:  FLOATMost indicators indicate higher rates in 2010This moringing MBS prices are up +4/32.  Despite stronger than expected manufacturing data and further gains in the stock market, MBS prices have moved higher. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.03% at 5.22% on Jan.4 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.92% Up 0.025%. 10 Year Treasury Currently 3.830% Down -0.02% DJI Stocks $10,588.57,  Up 160.52, 1.54% European and Asian Markets Up 1.303% Nymex Crude Oil Currently $81.39 Up $2.03 Bill Introduced to Increase FHA Down Payment to 5.00% fro... 01/04/2010

Best Wishes for a Happy and Prosperous 2010 Rate Lock Advice & Mortgage Market Update December 31, 2009, 8:15 PT RATE LOCK ADVISORY Lock Advice:  LOCKMBS are down -11/32.Jobless claims were lower than expected. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Down 0.01% at 5.15% on Dec.30 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.895% Up 0.003%. 10 Year Treasury Currently 3.860% Up 0.06% DJI Stocks $10,495.53,  Down -52.98, -0.5% European and Asian Markets Down -0.291% Nymex Crude Oil Currently $79.63 Up $0.35   Vote on To Big To Fail. Move your money to local banks and credit unions Bad News! Bill Introduced in House to Increase FHA Down Payment to 5.00% from... 12/31/2009

Rate Lock Advice & Mortgage Market Update December 30, 2009, 11:40 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +3/32.This morning, the Chicago PMI national manufacturing index jumped to 60, well above the consensus forecast of 55.  RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.16% on Dec.30 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.892% Down 0.066%. 10 Year Treasury Currently 3.790% Down -0.03% DJI Stocks $10,534.53,  Down -10.88, -0.1% European and Asian Markets Down -0.717% Nymex Crude Oil Currently $79.68 Up $0.81   Vote with your money. Move your money to local banks and credit unions Bad News! Bill Introduced in House to I... 12/30/2009

Rate Lock Advice & Mortgage Market Update December 29, 2009, 12:25 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +6/32.  Favorable repricing may be possible, particularly from early investors.  RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.02% at 5.15% on Dec.29 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.958% Up 0.015%. 10 Year Treasury Currently 3.810% Down -0.04% DJI Stocks $10,570.66,  Up 23.58, 0.22% European and Asian Markets Up 0.318% Nymex Crude Oil Currently $78.78 Up $0.01 Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read Story. Don't Miss The Real Deal - Real Estate closings in 2010 Real Deal Brokers, If you val... 12/29/2009

I was recently referred as a potential listing agent for a property located in Escondido,92029 which includes some of the higher end properties located in Escondido.  The sellers bought the property from the builder for $498,000 towards the end of 1999.  This property is listed as a 4 bedroom, 4 bath, 3,543 sq.ft. single level on a 1.7 acre lot (not all useable).  When advising a seller, I do extensive research in order to determine/suggest the best market price, as will any experienced real estate advisor.  In doing so, I researched properties from 3,000 to 4,000 sq.ft. on lots over 1 acre using no other criteria in reporting the following:   2005 - (34) sales - average sales price $997,474 - average price p/sq.ft. $294 2006 - (24) sales - average sales price $947,395 - average price p... 12/29/2009

Rate Lock Advice & Mortgage Market Update December 28, 2009, Market Close RATE LOCK ADVISORY Lock Advice:  LOCKMBS prices closed down 11/32. Demand was close to average for the 2-Yr auction. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage UP 0.04% at 5.13% on Dec.28 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.944% Up 0.101%. 10 Year Treasury Currently 3.840% Up 0.02% DJI Stocks closed at $10,547.08,  Up 26.98, 0.26% European and Asian Markets Up 0.657% Nymex Crude Oil Currently $78.55 Up $0.50   Bad News! Bill Introduced in House to Increase FHA Down Payment to 5.00% from 3.50 Read Story. Don't Miss The Real Deal - Real Estate closings in 2010 Real Deal Brokers... 12/28/2009

Rate Lock Advice & Mortgage Market Update December 28, 2009, 8:45 PT RATE LOCK ADVISORY Lock Advice:  LOCKMBS prices are down -10/32. There will be a 2-yr Treasury auction at 1:00 et. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 5.09% on Dec.24 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.944% Up 0.101%. 10 Year Treasury Currently 3.830% Up 0.01% DJI Stocks $10,536.04,  Up 15.94, 0.15% European and Asian Markets Up 0.672% Nymex Crude Oil Currently $78.90 Up $0.85 Bill Introduced to Increase FHA Down Payment to 5.00% from 3.50 Read Story. Don't Miss The Real Deal - Real Estate closings in 2010 Real Deal Brokers, If you value your business then wat... 12/28/2009

I've heard people say such things as "You look like a local" or "You're acting like a local". I'm not sure whether it is a bad thing to look or act like a local. It certainly is a good thing to shop local and use local community services whenever possible. While many of us tend to gravitate towards the larger superstores, there are some clear benefits to keeping it local whenever possible. Here are just a few reasons to keep in local it Escondido, or in your own community wherever that might be: Shopping locally creates jobs. The jobs created allow for more spending which improves the local economy. Local shops invest in the community, supporting school and community events as well as local charities. Shopping locally can save you money. Travel expenses and delivery costs for larger ite... 12/26/2009