PM Rate Lock Advice and Mortgage Market Update October 15, 2009, 9:50 AM ET RATE LOCK ADVISORY Lock Advice:  LOCKMBS prices are down -7/32, above 9:45 AM ET Inititial pricing of -8/32, but below the recent high of unchanged. If you received pricing near the high, then unfavorable repricing may be a risk. It has been a very volatile session. 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 UP 0.01% at 5.01% on Oct.14 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.694% Up 0.027%. 10 Year Treasury currently 3.440% Down -0.01% DJI Stocks $10,002.18,  Down -13.68, -0.14% European and Asian Markets Up 0.055% Nymex Crude Oil currently $77.32 Up $2.14 Rate Survey  Where you wi... 10/15/2009

PM Rate Lock Advice and Mortgage Market Update Rates 10-13-09, 11:50 AM PT  30 Year Fixed to $417,000Rate 4.625%  Point 1.000,  APR 4.772%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked  for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates. No Application or Credit Report required RATE LOCK ADVISORY October 13, 2009, 11:20 AM ET Lock Advice:  FLOATMBS prices are up +11/32.  The latest comments from Fed officials suggested that rate hikes are still a long way off, which helped MBS markets.  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 UP 0.01% at 5% on Oct.13 Fannie Mae Mortgage Backed ... 10/13/2009

PM Rate Lock Advice and Mortgage Market Update Rates 10-12-09, 8:30 AM PT  30 Year Fixed to $417,000Rate 4.625%  Point 1.250,  APR 4.796%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked  for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.No Application or Credit Report required October 12, 2009, 8:30 PM ET RATE LOCK ADVISORY Lock Advice:  LOCKMBS markets are closed in observance of Columbus Day. 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 4.97% on Oct.9 10 Year Treasury currently 3.380% Down -0.02% DJI Stocks $9,919.58,  Up 54.64, 0.55% European and Asian Markets Up 1.023% Nymex Crude Oil currently $73.50 Up $1... 10/12/2009

PM Rate Lock Advice and Mortgage Market Update Rates 10-08-09, 11:30AM PT 30 Year Fixed to $417,000Rate 4.500% Point 1.000, APR 4.645%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.No Application or Credit Report required October 8, 2009, 1:30 PM ET RATE LOCK ADVISORY Lock Advice:  LOCKA very volatile MBS market today.  Started with a Float recommendation, moved to Lock then back to Float.  MBS prices closed the day down 2/32.  Weak results for the 30-yr auction hurt MBS markets. 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 4.97% on Oct.8 Fannie Mae Mortgage B... 10/08/2009

Learn about Escondido's past, see an impressive array of architectural styles dating from the 1880s to the present, and get some healthy exercise at the same time-all at no charge! Ninety-minute tours begin at 11:00 a.m.at the Southeast corner of Broadway and Grand Avenue. Tour Schedule: October 3 Old Escondido East October 17 South Escondido Blvd (This tour starts at the northeast corner of Escondido Blvd. and 5th Avenue) November 7 Downtown November 21 Old Escondido West December 26 Old Escondido East This is a wonderful opportunity to get better acquainted with the rich history of our community! 10/07/2009

PM Rate Lock Advice and Mortgage Market Update California Rates 10-07-09, 1:15 PM PT For 30 Year Fixed to $417,000Rate 4.500% Point 1.000, APR 4.643%APR Based on $350,000 Loan at 80% LTVAbove Rates can be locked for 30 days.Call for Quotes on FHA and VA loans With Detailed Good Faith Estimates.No Application or Credit Report required RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +9/32. MBS markets were helped by strong demand for the 10-Yr Treasury auctionBond yields were down 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 4.99% on Oct.7 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.539% Up 0.006%. 10 Year Treasury currently 3.180% Dow... 10/07/2009

Rate Lock Advice and Mortgage Market Update October 6, 2009, 11:10 AM ET IS THE FDIC KILLING SHORT SALESTo Profit Billionaire George Soros and His Merry Band of Financial Thugs(Gosh LIberal MoveOn.com George and your high priced attorneys this is only MY humble Opinion)Read about MY Unlikely Hero Lock Advice:  FLOATMBS prices Closed down 1/32 from Monday's close.Yields on 10 Year treasuries have been rising this morning.Demand was a little stronger than average for the 3-yr auctionSo far, it has been a quiet morning.  But, last night while we were sleeping, the Australian Central Bank raised their rates. 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 UP 0.01% at 5% on Oct.... 10/06/2009

Rate Lock Advice and Mortgage Market Update October 6, 2009, 11:10 AM ET IS THE FDIC KILLING SHORT SALESTo Profit Billionaire George Soros and His Merry Band of Financial Thugs(Gosh LIberal MoveOn.com George and your high priced attorneys this is only MY humble Opinion)Read about MY Unlikely Hero Lock Advice:  FLOATMBS prices are down 2/32 from Monday's close.Yields on 10 Year treasuries have been rising this morning.Demand was a little stronger than average for the 3-yr auctionSo far, it has been a quiet morning.  But, while we were sleeping, the Australian Central Bank raised their rates. 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 UP 0.01% at 5% on Oct.6 Fannie Mae M... 10/06/2009

Rate Lock Advice and Mortgage Market Update October 5, 2009, 1:30 PM ET IS THE FDIC KILLING SHORT SALESTo Profit Billionaire George Soros and His Merry Band of Financial Thugs(Gosh LIberal MoveOn.com George and your high priced attorneys this is only MY humble Opinion)Read about MY Unlikely Hero RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +1/32. MBS prices are holding steady close to 9:45 et pricing of +3/32. ISM Services came in a little 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 0.02% at 5% on Oct.5 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.51% Up 0.024%. 10 Year Treasury currently 3.2229% Down -3.24% DJI Stocks close... 10/05/2009

Saturday Update October 3, 2009, Who'd a thunk 30 year rates would be at 4.500% with reasonable points.  Even after rates increased Friday afternoon, two of my wholesalers still allowed me to post 4.500% and 1.125 point, APR 4.658%.  I do not believe I have ever posted a 30 year fixed rate this low in my almost 40 year career.  And, the rest of the story for this great rate is: Conventional Conforming Loan amount $350,000, FICO 720 or better. I switched my lock recommendation from Float to Lock Friday morning when MPBs prices started dropping like a hot rock.  They stablized by afternoon but closed 1/32 up from the low of the day.  You may be surprised when you check my Rate Survey where you will find the best rates. IS THE FDIC KILLING SHORT SALES A must read for anyone contemplating S... 10/03/2009

Rate Lock Advice and Mortgage Market Update October 2, 2009, 7:30 AM ET IS THE FDIC KILLING SHORT SALESTo Profit Billionaire George Soros and His Merry Band of Financial Thugs(Gosh LIberal MoveOn.com George and your high priced attorneys this is only MY humble Opinion)Read about MY Unlikely Hero Lock Advice:  LOCKMBS prices are up +2/32, below 9:45 et pricing of +5/32. Unfavorable repricing has been seen from some Lenders. 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 0.02% at 5.04% on Oct.2 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.486% Down 0.134%. 10 Year Treasury currently 2.920% Down -0.29% DJI Stocks $9,505.35,  Down -3.93, -0.04% European and Asian ... 10/02/2009

Rate Lock Advice and Mortgage Market Update October 1, 2009, 11:05 AM ET Important FHA News09-18-2009, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177 RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +14/32 and there have been midmorng price improvements by several lenders.Jobless Claims came in a little higher than expected, while Personal Income was close to 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 0.01% at 5.08% on Oct.1 10 Year Treasury currently 2.930% Down -0.38% DJI Stocks $9,552.21,  Down -160.07, -1.65% European and Asian Markets Down -1.616% Nymex Crude Oil currently $70.29 Down $... 10/01/2009

If you own a home in a rural area you should be asking yourself, "What plans do I have if there is a wildfire?" My home is in a rural area...and as I'm writing this the Santa Ana winds are blowing like crazy...happens every year...and it never bothered me in the past...until we had the fires in 2007 and we had to evacuate...what a lesson that was! We thought we were prepared...had most of the important things ready to pack when we went to bed the night before...but when the phone rang at 4:15 am with the reverse-911 call...and I looked out my front door and the air was full of smoke, falling ashes, and burning embers all of that "planning" seemed pretty weak! That phone call touched off 15 minutes of running around...and the tension was as thick as the smoke...most of the important thin... 10/01/2009

Rate Lock Advice and Mortgage Market Update September 30 , 2009, 8:30 AM ET Important FHA News09-18-2009, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177 RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are down -3/32.  Second quarter GDP was revised 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 5.09% on Sep.29 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.612% Up 0.014%. 10 Year Treasury currently 2.950% Down -0.36% DJI Stocks $9,661.94,  Down -80.26, -0.82% European and Asian Markets Down -0.62% Nymex Crude Oil currently $67.97 Up $1.26 Bill Introduced to Extend $8,000 First Ti... 09/30/2009

Rate Lock Advice and Mortgage Market Update September 29 , 2009, 9:30 AM ET Important FHA News09-18-2009, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177 RATE LOCK ADVISORY Lock Advice: FLOATMBS prices this morning are unchanged from closing prices yesterday. Consumer confidence is lower than expected but did not effect MBS Market. 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 5.09% on Sep.29 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.599% Down 0.059%. 10 Year Treasury currently 2.950% Down -0.36% DJI Stocks Closed the day at $9,742.20,  Down -47.16, -0.48% European and Asian Markets Up 0.246% Nyme... 09/29/2009

Rate Lock Advice and Mortgage Market Update September 28 , 2009, 1:10 PM ET Important FHA News09-18-2009, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177 RATE LOCK ADVISORY Lock Advice: FLOATMBS prices closed Up 6/32. There are no economic announcements scheduled for release 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 5.1% on Sep.28 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.658% Down 0.038%. 10 Year Treasury currently 2.960% Down -0.38% DJI Stocks Closed at $9,789.36,  Up 124.17, 1.28% European and Asian Markets Up 0.993% Nymex Crude Oil currently $66.96 Up $0.94 Bill Introduced to Extend... 09/28/2009

I found this article in Sunday's San Diego Union Tribune Legislation introduced to keep tax credit alive By Kenneth R. Harney 2:00 a.m. September 27, 2009 WASHINGTON - Will Congress extend the wildly popular $8,000 home-buyer tax credit beyond its Dec. 1 expiration date? That's a question generating huge pressure on Capitol Hill, from would-be buyers who haven't found the right house to realty agents, builders, lenders and squads of lobbyists working on their behalf. But here's the first hint of an answer: On Sept. 17, the leadership of Congress' primary tax legislative committee introduced a tax credit bill that's likely to zip through the House and move to the Senate rapidly. Charles Rangel, chairman of the House Ways and Means Committee, sponsored the bipartisan Service Members Homeo... 09/28/2009

Rate Lock Advice and Mortgage Market Update September 23 , 2009, 10:15 AM ET Important NewsLast Friday, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177 Lock Advice:  FLOATMPS Prices reversed themselves from their lows earlier and move up to close at 1/32 change.   As expected, the Fed made no change in the fed funds rate. 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 5.12% on Sep.23 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.767% Down 0.023%. 10 Year Treasury currently 3.030% Down -0.43% DJI Stocks $9,748.55,  Down -81.32, -0.83% European and Asian Markets Up 0.147% Nymex Crude Oil currently $68.97... 09/23/2009

Rate Lock Advice and Mortgage Market Update September 22 , 2009, 11:30 AM ET Breaking NewsFriday, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177 Lock Advice:  FLOATThis week's major economic news will be the Treasury auctions and the Fed meeting, and the first auction will be later today.  There will be a 2-yr auction at 1:00 PM ET.Possibility of a favorable midmorning price change.MBS prices are up +6/32, above 9:45 et pricing of -1/32. 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 5.12% on Sep.22 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.79% Up 0.021%. 10 Year Treasury currently 3.070% Down -0.4... 09/22/2009

Rate Lock Advice and Mortgage Market Update September 21 , 2009, 4:00 PM ET Breaking NewsFriday, Hud announced sweeping FHA changes, the most I have seen in my careerPress Release: HUD No. 09-177 Lock Advice:  FLOATThere were some midday lender repricing today and MBS prices closed at their 9:45 AM ET initial lender pricing of +4/32. Leading Indicators came in close to expectations. 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 UP 0.02% at 5.12% on Sep.21 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.769% Up 0.086%. 10 Year Treasury currently 3.070% Down -0.42% DJI Stocks $9,778.86,  Down -41.34, -0.42% European and Asian Markets Down -0.676% Nymex Crude Oil curren... 09/21/2009