Moorpark, CA Real Estate News

By Paul Lefton, Simi Valley Home Loans
(Core Financial Soultions, Inc)
Tuesday's bond market has opened in negative territory following the release of this morning's inflation data. The stock markets are posting early gains with the Dow up 70 points and the Nasdaq up 8 points. The bond market is currently down 7/32, but I am not expecting to see much of a change in this morning's mortgage rates as lenders wait for the results of today's FOMC meeting before making significant changes.The Labor Department reported that August's Producer Price Index (PPI) fell a whopping 1.2% when it was expected to drop 0.3%. However, the core data reading rose 0.2%, exceeding forecasts of a 0.1% increase. This means that the more stable and therefore more important core data showed slightly higher levels of inflationary pressures than analysts had expected. This is consider...
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By Paul Lefton, Simi Valley Home Loans
(Core Financial Soultions, Inc)
 Tuesday's bond market has opened in negative territory following early stock market gains. The stock markets are currently rallying with the Dow up 135 points and the Nasdaq up 25 points. The bond market is currently down 5/32, but I don't believe we will see much of a chance in this morning's mortgage rates. Today's only data was July's Goods and Services Trade Balance report that showed the U.S. trade deficit stood at $59.2 billion. This was very close to forecasts and due to the lack of attention this data gets directly by bond traders, it has not had an effect on this morning's trading.There is no relevant data scheduled for release tomorrow or Thursday. Friday brings us the release of three pieces of news that could affect mortgage rates. In the meantime, there is a 10-year Treasu...
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By Joni Parkinson, Realtor, Moorpark Real Estate, Simi Valley Real Estate, Moorpark
(American Homes, Real Estate)
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By Paul Lefton, Simi Valley Home Loans
(Core Financial Soultions, Inc)
 Thursday's bond market has opened down slightly following a stock market rebound. The Dow is currently up 59 points while the Nasdaq has gained 10 points. The bond market is currently down 6/32, but we will likely still see an improvement in this morning's mortgage rates of approximately .250 of a discount point due to strength in bonds late yesterday.Today's only important news was the revised 2nd Quarter Productivity numbers that showed productivity actually rose at 2.4% annual rate in the second quarter. This was a sizable upward revision from the original reading and stronger than analysts had expected. That is good news for bonds and mortgage rates, but seems to be ignored in today's trading.Yesterday afternoon's release of the Fed Beige Book did give some insight to the effect th...
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By Joni Parkinson, Realtor, Moorpark Real Estate, Simi Valley Real Estate, Moorpark
(American Homes, Real Estate)
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By Paul Lefton, Simi Valley Home Loans
(Core Financial Soultions, Inc)
Tuesday's bond market has opened in positive territory following the release of this morning's economic news and early stock losses. The stock markets are showing sizable losses with the Dow down 140 points and the Nasdaq down 33 points. The bond market is currently up 7/32, which will likely improve this morning's mortgage rates slightly.The Conference Board posted this month's Consumer Confidence Index (CCI) late this morning, reporting a reading of 105.0. This was a little higher than the 104.5 that was expected but still was the largest monthly drop since September 2005. This indicates that consumers are much less confident in their own financial situations than last month and are less likely to make larger purchases in the near future. This is good news for bonds and mortgage rates...
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By Joni Parkinson, Realtor, Moorpark Real Estate, Simi Valley Real Estate, Moorpark
(American Homes, Real Estate)
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By Paul Lefton, Simi Valley Home Loans
(Core Financial Soultions, Inc)
 Friday's bond market has opened up slightly despite the release of stronger than expected economic news. The stock markets are showing early gains with the Dow up 38 points and the Nasdaq up 2 points. The bond market is currently up 3/32, which will likely keep this morning's mortgage rates close to yesterday's levels.The first of today's two releases came from the Commerce Department who said that new orders for durable goods rose 5.9% last month. This greatly exceeded analysts' forecasts and indicates that the manufacturing sector was stronger than thought. This is considered to be bad news for bonds, but the renewed credit related concerns in the markets have helped prevent early bond losses.Also posted this morning was July's New Home Sales data that showed a 2.8% increase in sales...
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By Paul Lefton, Simi Valley Home Loans
(Core Financial Soultions, Inc)
Tuesday's bond market has opened in positive territory again as investors seek safe-haven from stock volatility. The stock markets are showing small gains with the Dow up 25 points and the Nasdaq up 10 points. The bond market is currently up 9/32, which will likely improve this morning's mortgage rates by approximately .250 of a discount point.There is no relevant economic data scheduled for release today or tomorrow. This will likely leave bonds to be driven by stock markets moves and concerns. If stocks move higher later today and tomorrow, we could see bonds suffer and mortgage rates inch higher. If the major indexes fall, mortgage rates could follow suit. However, I am still holding the lock recommendations for the time being.There really is no important economic news scheduled for ...
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By Aurelia Ayon, Simi Valley Real Estate, Homes
(American Homes Real Estate)
Address:   15477 Dracena Ave    City/ST:   Moorpark, CA   Zip Code:   93021   Location:   Moorpark Homes (800) 905-9144 1% Full Service   Property Type:   Single Family Home   New or Resale:   Resale    Square Footage:   1830   Bedrooms:   4   Bathrooms:   2 full, 1 half   MLS#   70007232    Beautiful Home in Desirable Community! This home features beautiful upgraded marble fireplace in living room, new paint throughout the entire home, upgraded counter tops & back splash in kitchen, crown molding throughout, breathtaking front & back landscaping, good size balcony off master & so much more! Too much to mention, must see!CONTACT AMERICAN HOMES FOR A SHOWI...
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By Paul Lefton, Simi Valley Home Loans
(Core Financial Soultions, Inc)
Thursday's bond market has opened in positive territory due mostly to early stock losses. The stock markets are reacting to more credit concerns and overseas losses with the Dow down 134 points and the Nasdaq down 22 points. The bond market is currently up 16.32, but we will still see an increase in this morning's mortgage rates of approximately .250 of a discount point.The Commerce Department reported this morning that starts of new homes fell 6.1% last month, reaching a their lowest level since January 1997. This indicates that the housing sector is still weakening, which is good news for bonds. However, this data usually does not have much of an impact on mortgage rates and couldn't prevent this morning's increase in rates.The Labor Department said that new claims for unemployment be...
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