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

Exhibition October 10 - November 6 The Nature of Art Treat yourself to artwork from such diverse places as Norway, Down Under, the Midwest, and even Southern California. You will enjoy mixed media on plexiglass from popular YouTube artist, Gary Reef; enamel paint and resin pieces from Australian artist, Mo Godbeer; a Rauschenberg-inspired assemblage and mxed media pieces from Midwest artist, Ron Tee; basket sculptures from fabulous local weaver, Peggy Wiedemann; plus talented San Diego area artists Virginia Cole, Donna Meyer, Karen Samenow, Peggy Weiner and more. Expression II SpaceEscondido Municipal Gallery262 E Grand AvenueEscondido, CA 92025760.480.4101www.escondidoarts.org   09/18/2009

Rate Lock Advice and Mortgage Market Update September 18 , 2009, 12:15 AM PT Lock Advice:  LOCKUnfavorable repricing may be a risk from early investors. MBS prices are down -3/32, 6/32 below the early high of +3/32. 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 UP 0.01% at 5.1% on Sep.18 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.683% Down 0.092%. 10 Year Treasury currently 3.110% Down -0.31% DJI Stocks $9,829.42,  Up 45.5, 0.47% European and Asian Markets Down -0.278% Nymex Crude Oil currently $72.02 Down $0.45 After a busy week, it will be a light day for economic news.  No economic data will be released today. FHA announced this morning that its reserves have... 09/18/2009

Rate Lock Advice and Mortgage Market Update September 17 , 2009, 11:00 PM PT Lock Advice:  FLOAT MBS prices are up  7/32, above 9:45 AM ET initial lender pricing of +2/32, and at the high for the day.  Housing Starts and Jobless Claims 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 Down 0.01% at 5.09% on Sep.17 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.775% Up 0.04%. 10 Year Treasury currently 3.120% Down -0.36% DJI Stocks $9,691.65,  Up 8.24, 0.09% European and Asian Markets Up 0.755% Nymex Crude Oil currently $72.35 Down $0.16 This morning, August Housing Starts rose 2% to an annual rate of 598K units, close to the consensus fore... 09/17/2009

    Downtown Escondido's Certified Farmers Market showcases fresh-picked California-grown fruits, vegetables, and flowers. Friendly vendors also offer local honey, eggs, fresh-roasted nuts, pesto, fresh pasta, gourmet European breads, Julian pies, salsa, tamales, tortillas, cookies, dessert breads, and more. Located in the center of historic downtown Escondido, the Farmer's Market operates every Tuesday, year-round from 3:30 p.m. to 7:00 p.m. (May 1-September 30) and from 2:30 p.m. to 6:00 p.m. (October 1-April 30). If you have a hankering for organiz fresh veggies, Egyptian food, or perhaps an Italian ice cream, just take a stroll down Grand Avenue on a Tuesday afternoon! For more information, call (760) 745-8877. The Farmer's Market is sponsored by the Downtown Business Association o... 09/12/2009

This little ESCONDIDO BANK OWNED HOMES blog is to celebrate my new SAN DIEGO BANK OWNED WEBSITE                                Escondido is packed with great first time home buyer opportunities on Escondido Bank Owned Homes Starting around the low 200's. Escondido Bank Owned Homes, Short Sales and Escondido Foreclosures are also great investment properties for San Diego Real Estate Investors!    Search All:     ESCONDIDO BANK OWNED HOMES FOR SALE, ESCONDIDO FORECLOSURES, ESCONDIDO REO, ESCONDIDO HOMES FOR SALE, ESCONDIDO CONDOS FOR SALE, ESCONDIDO PROPERTIES, ESCONDIDO REAL ESTATE FOR SALE, ESCONDIDO CALIFORNIA HOMES, ESCONDIDO REPOS 09/09/2009

Rate Lock Advice and Mortgage Market Update September 4 , 2009, 3:45 PM 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 3.440% Up 0.11% DJI stocks 9,441.27, Up 96.66, 1.03% European and Asian Markets Up 1.416% Nymex Crude Oil currently $66.27 Down $0.53 Unemployment Rate report: The economy los... 09/04/2009

Selling your Home as a Short Sale in Escondido A short sale is a sale of your property for less than what you owe your lender on your mortgage. If you live in Escondido or the surrounding area and do not have equity in your home and need to sell, then you may need to participate in a short sale. Here are a couple of common questions that sellers ask about the short sale transaction? How does the short sale work? In a short sale, the property is listed for sale at the current market value. Once there is a buyer who is interested in the property, then the listing agent (or a team hired by the listing agent) will submit the purchase contract and other paperwork to the seller's lender for consideration of the short sale. Once the bank approves the short sale, then the transaction is closed ... 09/04/2009

Downtown Escondido Art Walk Adds Live Music August 29, The monthly 2nd Saturday Art Walk in Downtown Escondido mixes things up with the addition of Live Music. Teen Street Recitals, feature students from Ubiquitous Music Inc, on stage at the corner of Grand & Kalmia in Downtown Escondido. This program enables Ubiquitous Music to support and promote teen musicians in our community. Teen Street Recitals from 1:30pm till 3:30pm Art Walk from 5:00pm till 8:00pm. For a list of participating galleries please see: www.downtownescondido.com. Art Walk maps can be found throughout downtown Escondido at rack locations.Don't forget to stick around for Downtown Live! 6:00pm on the corner of Grand and Kalmia. This Free Music event features local talent. This Saturday, August 29th Downtown Live will f... 08/27/2009

Rate Lock Advice and Mortgage Market Advisory August 25 , 2009, 3:05 PM PT Rate Lock Advice: FLOATMBS Prices closed at their high for the day for the second day in a row. RATE NOTES:When MBS prices are up, yields (rates) are down.Rate Lock advice can change throughout the day and remember... Good economic news is Bad news for Rates. National Average Fixed Rate Mortgage Down 0.03% at 5.21% on Aug.25 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.856% Down 0.069%. 10 Year Treasury currently 3.430% Down -0.05% DJI stocks 9,539.29, Up 30.01, 0.32% European and Asian Markets Up 0.161% Nymex Crude Oil currently $70.70 Down $2.70 MBS prices closed up 7/32 above their 9:45 Initial Pricing Level of -2/32, and at the high for the day.  Many lenders posted midday price improvements. Consume... 08/25/2009

Adopt a Pet: It's Worth It!  Perhaps you are considering putting down a $500 deposit for a Labradoodle or a yet to be born Jack Russell Terrier. Dogs are great, and lots of fun. But, why buy from a breeder when there are so many wonderful dogs available for adoption throughout the nation? The Escondido Humane Society cares for stray, surrendered, abused, neglected and abandoned companion animals of North San Diego County, providing a safe haven and placement into permanent, loving homes. They advocate for the prevention of animal abuse, neglect and homelessness by teaching compassion, respect, responsible ownership and caring treatment for all living creatures and for the importance of spay/neuter in the prevention of pet overpopulation. Over the course of the next month, the Escondido ... 08/21/2009

VA Home Loans in Escondido 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 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 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 morning market br... 08/20/2009

RATE LOCK ADVISORYAugust 17 , 2009,  9:00 AM PST Rate Lock Advice:  FLOAT MBS prices are up +8/32. The Empire State index was stronger than expected. 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 5.24% on Aug.17 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.832% Down 0.107%. 10 Year Treasury currently 3.480% Down -0.07% DJI stocks 9,163.75, Down -157.65, -1.69% European and Asian Markets Down -2.794% Nymex Crude Oil currently $68.89 Down $1.82 This morning's stock market decline has boosted MBS prices this morning. The Empire State regional manufacturing index rose to 12.1, well above the consensus forecast of 3.0, and MBS prices fell a little from their +11/32 highs after the n... 08/17/2009

RATE LOCK ADVISORY August 14 , 2009,  6:30 AM PST Rate Lock Advice:  FLOATFrom unchanged levels, MBS prices are up +5/32 after the CPI inflation data matched expectations When MBS prices are up yields (rates) are down. NOTE: Lock advice can change throughout the day . National Average Fixed Rate Mortgage UP 0.02% at 5.37% on Aug.13 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.939% Down 0.145%. 10 Year Treasury currently 3.570% Down -0.02% DJI stocks 9,367.58, Down -30.61, -0.33% European and Asian Markets Up 0.19% Nymex Crude Oil currently $73.55 Up $0.29 Today's economic data all came in very close to the consensus forecasts, but MBS prices moved higher after the release of the CPI report. July CPI was unchanged from June, and CPI declined by -2.1% from one year ago, which was ... 08/14/2009

RATE LOCK ADVISORY August 13 , 2009,  6:30  AM PST Rate Lock Advice:  FLOATMBS prices are now up +5/32, from down -6/32 before the release of today's weaker than expected economic data. When MBS prices are up yields (rates) are down. NOTE: Lock advice can change throughout the day . National Average Fixed Rate Mortgage UP 0.05% at 5.35% on Aug.12 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 5.084% Up 0.067%. 10 Year Treasury currently 3.680% Down -0.04% DJI stocks 9,371.74, Up 10.13, 0.11% European and Asian Markets Up 1.28% Nymex Crude Oil currently $73.54 Up $0.47  Today, Retail Sales, Import Prices, and Jobless Claims will be released at 8:30 AM ET. There will be a 30-yr Treasury auction at 1:00 AM ET. WORRIED ABOUT AN OUT OF TOWN APPRAISER?  If you are concerned about the valu... 08/13/2009

The Stone Brewing World Bistro and Gardens in Escondido California is a fabulous place for lunch (and dinner, too, I imagine). I had my first meal there today - what a cool place, both inside and out.  Stone Brewing Company is celebrating their 13th year (more on that in a moment) and is located at 1999 Citracado Parkway in Escondido, not far from the 78 freeway and the Nordahl Road exit. It's rather a surprise, given the industrial location, but consider that it IS a brewery that happens to have terrific gardens, 2 great bars (one inside, one outside) and both indoor and outdoor dining with fabulous views of the lush gardens, koi pond, and, from the inside, views of the brewery itself through 2-story glass walls.  They have a great menu - I enjoyed their Bruschetta BLT Sandwich ("Organ... 08/12/2009

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,  8:00  AM PST Rate Lock Advice:  FLOATMBS AM prices are up +10/32. This AM, 2 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.  click for updates. National Average Fixed Rate Mortgage UP 0.04% at 5.35% on Aug.10 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 5.071% Down 0.099%. 10 Year Treasury currently 3.70% Down -0.1% DJI stocks 9,243.64,Down -94.31, -1.01% European and Asian Markets ... 08/11/2009

The Escondido Children's Museum and Brecht BMW present "Diamonds are Forever" This exciting event to be held on October 3rd will benefit the Escondido Children's Museum.  The $125 ticket includes a gourmet dinner, unique opportunity drawings and auctions, casino games and of course, "James Bond" trivia.  Formal "Bond" attire is requested but not required.  This spectacular event will be held at Brecht BMW and the Bond theme is "A Night in Monte Carlo" The science based Escondido Children's Museum hosts over 10,000 eager learners every year and truly makes a difference in our community. Please share this information with all of your friends and neighbors.  Order tickets on line at www.escondidochildrensmuseum.org or call 760-233-7755   08/03/2009

July 31 , 2009, 1:00 PM PST National Average Fixed Rate Mortgage  Unchanged today at 5.29% Fannie Mae Mortgage Backed Securities MBS Opened Down 0.066% at 4.915% 10 Year Treasury currently 3.480% Down -0.19%  Lock Advice: FLOAT. MBS yields were down today. GDP fell -1.0%, compared to a consensus of -1.5%.   Yesterday's successful 7-yr auction eased the concerns of investors, and MBS Yields have continued improving this morning and closed at the lowest levels of the week.     DJI stocks 9,171.61, Up 17.15, 0.19% European and Asian Markets Up 0.295% Nymex Crude Oil currently $70.88 Up $2.02 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 ... 07/31/2009