ARCHIVED BLOG POSTS
2007
Are you looking for the answer to successful home ownership? That's simple! EDUCATION IS KEY!The buying process should be as transparent as possible so that YOU, the consumer(s), are confident in that the decision you're m...
07/31/2007
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Let's Recap: The average 30-year fixed rate dropped to 6.69%, down from 6.73% last week. The average 15-year fixed rate dropped only slightly to 6.37%, down from 6.38% last week. The 1-year ARM on the other hand dropped to 5.69%, down from 5.72% from last week. We can attribute this slight decrea...
07/29/2007
"It's not always wise to refinance and here's an example why." - R.B. Client #1: Has a 5.75% Interest Only 1st mortgage and a 7.875% Fixed Rate 2nd mortgage (30/15). She currently owes $399,000 between both mortgages and the value of her property is no more than $410,000 - $415,000 (if that!). Si...
07/28/2007
In 1991 while most of the block was vacant, One Colorado was the project that let the forefront for the redevelopment of Old Pasadena. It's now the hot spot for all retail, restaurants, entertainment and business offices here. Whether you're shopping, looking for a place to have lunch or dinner, ...
07/25/2007
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Let's Recap: The average 30-year fixed rate mortgage remained unchanged at 6.73% from last week. The average 15-year fixed rate mortgage is at 6.38%, down from 6.39%. The 1-year ARM on the other hand is up to 5.72%, a .01% change upward from last week. As you can see, not much of a change in inte...
07/23/2007
Wilshire Financial, Inc. and I (Ricardo Bueno) are helping non-prime clients restore their credit. In the process we hope to gain customers for life!Using Arbitration to Improve Client Credit ScoresUndesrtanding consumer protection laws is important. This is where Wilshire Financia Inc. holds a c...
07/16/2007
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Let's Recap: The average 30-year fixed rate jumped to 6.73% from 6.63%. The 15-year fixed rate also jumped to 6.39%, up from 6.3%. The 1-year ARM on the other hand held steady at 5.71%. We can attribute last week's surge upward in interest rates to strong services and employment reports. The Fed ...
07/16/2007
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07/10/2007
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Let's Recap: The average 30-year fixed rate dropped to 6.63% from 6.67%. The 15-year fixed rate dropped to 6.3% from 6.34%. The 1-year ARM on the other hand rose from 5.71% from 5.65%. Mortgage interest rates dropped ever so slightly this week due to mild spending and inflation reports. The Fed F...
07/09/2007
2
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Let's Recap: Last week the average 30-Year Fixed Rate dropped down to 6.67% from 6.69%. The 15-Year Fixed Rate dropped to 6.34% from 6.37%. The 1-Year ARM on the otherhand dropped to 5.65% from 5.66%.Although interest rates didn't rally downward too heavily, it's better than the upward trend that...
07/01/2007