ARCHIVED BLOG POSTS
2007
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Let's Recap: The 30-year fixed rate mortgage averaged 6.62%, up from 6.59% last week. The 15-year fixed rate mortgage averaged 6.30%, up from 6.25% last week. The 1-year ARM on the other hand averaged 5.67%, up from 5.65% last week. Though the Fed lowered the Discount Rate last week leading to p...
08/20/2007
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I received a text message yesterday from Randolph and Rose, my team members here at Wilshire Financial, Inc. It read: "They just announced First Magnus went out of business. Call [Account Executive] and see what the status is on our file."It seems like announcing that a Lender has gon...
08/17/2007
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The Federal Open Market Committee met last week and the result, as expected, was no change in the Fed Funds Rate. But like I said in my Wilshire Weekly Mortgage Update, for those of you watching CNBC, there has been much talk about how the Fed should cut interest rates. Well the Fed has already ...
08/17/2007
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Let's Recap:The 30-year fixed rate mortgage averaged 6.59%, down from 6.68% last week. The 15-year fixed rate mortgage averaged 6.25%, down from 6.32% last week. The 1-year ARM on the other hand averaged 5.65%, up from 5.59% last week. We can attribute this week's drop in interest rates to low jo...
08/13/2007
I've been active with my personal website, www.ricardobueno.com, as well as with my blog. Since of been doing a lot of on-line marketing, I'm beginning to reap the benefits. And so, the purpose of my blog... To those new clients, WELCOME TO THE FAMILY & THANK YOU ACTIVE RAIN! New Members: Colle...
08/10/2007
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Let's Recap: The 30-year fixed rate mortgage averaged 6.68%, down from 6.69% last week. The 15-year fixed rate mortgage averaged 6.32%, down from 6.37% last week. The 1-year ARM on the other hand averaged 5.59%, down from 5.69% last week. We can attribute the week's drop in interest rates to the ...
08/05/2007
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As a homeowner, you will choose to refinance for a wide array of reasons. Amongst some of the most common are: To obtain a lower interest rate: *A lower interest rate mortgage corresponds to a lower monthly payment. To build on your equity faster: Some will refinance from a 30-year fixed rate mor...
08/03/2007
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The underlying question here is: What Am I worth? Estate planning, is the process of accumulating and disposing of an estate to maximize the goals of the estate owner. The various goals of estate planning include making sure the greatest amount of the estate passes to the estate owner's inten...
08/02/2007
Ever thought about how to successfully invest in Real Estate? It's really quite simple! Buy a property at a discount from the resell price. Use as much of other people's money (OPM) as you can. Make sure that your property cash-flows so that it pays for itself. Take maximum advantage of the tax l...
08/01/2007
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I know that it can be rather stressing but believe me, you'll save money in the end. That is afterall what the goal right? Making your home purchase affordable! I’m referring to your: Tax ReturnsPay StubsChecking Account StatementSavings Account StatementsMutual Fund Account Statements, etc. ......
08/01/2007