Escondido, CA Real Estate News

By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 19, 2009, 3:00 PT RATE LOCK ADVISORY Lock Advice:  FLOAT With CAUTIONMBS prices are up +1/32. Jobless Claims were close to expectations. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 4.99% on Nov.19 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.517% Up 0.005%. 10 Year Treasury Currently 3.340% Down -0.02% DJI Stocks $10,332.44,  Down -93.87, -0.9% European and Asian Markets Down -1.392% Nymex Crude Oil Currently $77.46 Down $2.12 Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer... just in a nick of time for them, but not ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 19, 2009, 11:05 PT RATE LOCK ADVISORY Lock Advice:  FLOAT With CAUTIONMBS prices are up +1/32. Jobless Claims were close to expectations. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 4.99% on Nov.19 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.517% Up 0.005%. 10 Year Treasury Currently 3.350% Down -0.01% DJI Stocks $10,284.91,  Down -141.4, -1.36% European and Asian Markets Down -1.392% Nymex Crude Oil Currently $77.35 Down $2.23 Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer ... just in a nick of time for them, but n...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 18, 2009, 2:00 PT RATE LOCK ADVISORY Lock Advice:  FLOAT With CAUTIONMBS prices are -2/32 slightly above 9:45 ET pricing of -3/32. MBS prices reached a low of -5/32.CPI came in a little higher than expected, while Housing Starts fell short of the consensus. RATE NOTES:When MBS prices are up, Rates are down.Lock advice can change throughout the day .Good economic news = Bad Rate News. National Average Fixed Rate Mortgage Unchanged at 4.99% on Nov.18 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.512% Up 0.042%. 10 Year Treasury Currently 3.370% Up 0.04% DJI Stocks closed $10,426.31,  Down -11.11, -0.11% European and Asian Markets Down -0.051% Nymex Crude Oil Currently $79.65 Up $0.51 Take 5 minutes to watch this humorous and educ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 18, 2009, 11:50 PT RATE LOCK ADVISORY Lock Advice:  FLOAT With CAUTIONMBS prices are -1/32 slightly above 9:45 ET pricing of -3/32. MBS prices reached a low of -5/32.CPI came in a little higher than expected, while Housing Starts fell short of 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 Unchanged at 4.99% on Nov.18 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.512% Up 0.042%. 10 Year Treasury Currently 3.370% Up 0.04% DJI Stocks $10,397.59,  Down -39.83, -0.38% European and Asian Markets Down -0.051% Nymex Crude Oil Currently $79.59 Up $0.45 Take 5 minutes to watch this humorous and educational v...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 17, 2009, 8:30 PT RATE LOCK ADVISORY Lock Advice:  FLOAT With CAUTIONMBS are bouncing around this morning, up 2/32 and down 6/32.  Currently  prices are down 1/32.  PPI inflation was lower than expected, but MBS prices did not improve after the data. 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 0.06% at 4.99% on Nov.16 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.47% Down 0.018%. 10 Year Treasury Currently 3.340% Up 0.01% DJI Stocks $10,378.02,  Down -28.94, -0.28% European and Asian Markets Down -0.661% Nymex Crude Oil Currently $78.64 Down $0.26 Take 5 minutes to watch this humorous and educational video...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 16, 2009, 10:30 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +7/32. Hold locks for Possible rate improvements.  The Retail Sales data was mixed. 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 0.06% at 4.99% on Nov.16 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.488% Down 0.07%. 10 Year Treasury Currently 3.350% Down -0.1% DJI Stocks $10,419.20,  Up 148.73, 1.45% European and Asian Markets Up 1.296% Nymex Crude Oil Currently $78.97 Up $2.62 Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer ... just in a nick of time for ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
More than a month ago on Monday, October 5, The FHA Taxpayer Protection Act of 2009 - HR 3706 - authored by Rep. Scott (Goober) Garrett (R-NJ) was introduced to Congress.   If passed It would increase the minimum down payment for FHA insured mortgages from 3.5% to 5% and the law would prohibit financing FHA closing costs.  BUT WAIT there is more! One tiny fact looms large and questions the Congressman's competence to propose any laws governing FHA is that FHA already no longer allows closing costs to be computed in the loan amount.  This changed last year.  See FHA Regs 4155 page 35 This ill advised, poorly researched, legislation will not help our recovering market or even our future mortgage stability.  FHA is not the culprit or even one of the culprits in the recent mortgage fiasco. ...
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By Mike and Dawn Lewis, The Lewis Team at Keller Williams in San Diego CA
(The Lewis Team at Keller Williams)
Escondido Renaissance Faire San Diego 2009 Escondido, CA. November 2009We decided to go checkout the Escondido Renaissance Faire at Felicita Park in Escondido in North County San Diego. The Renaissance village known as "Village of Falconbridge" had an admission price of $16 per adult. I thought it was a little steep for a ticket but after seeing how much it took to put this event together I thought it was well worth the admission price.Felicita Park itself is covered with large oaks and Sycamore trees and is great outdoor park in San Diego. This event had a true feeling of a Medieval Village complete with knights, Ladies, and everything you would expect. Most people were dressed up in medieval attire and really looked good. There was entertainment, like sword fighting, battles, singing,...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 13, 2009, 3:00 PT RATE LOCK ADVISORY Lock Advice:  FLOATFavorable repricing may be possible from early investors. MBS prices are up +6/32 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 Down 0.01% at 5.05% on Nov.13 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.558% Down 0.035%. 10 Year Treasury Currently 3.420% Down -0.03% DJI Stocks $10,270.47,  Up 73, 0.72% European and Asian Markets Up 0.062% Nymex Crude Oil Currently $76.35 Down $0.59 Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer... just in a nick of time for them, but not for us. ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 13, 2009, 9:40 PT RATE LOCK ADVISORY Lock Advice:  FLOATFavorable repricing may be possible from early investors. MBS prices are up +6/32 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 5.06% on Nov.13 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.558% Down 0.035%. 10 Year Treasury Currently 3.440% Down -0.01% DJI Stocks $10,294.73,  Up 97.26, 0.95% European and Asian Markets Up 0.062% Nymex Crude Oil Currently $77.08 Up $0.14 Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer... just in a nick of time for them, but not for us. ...
Comments 1
By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 12, 2009, 8:00 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are down -1/32 from Tuesday's close. Jobless Claims came in a little lower 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 Unchanged at 5.08% on Nov.11 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.593% Down 0.02%. 10 Year Treasury Currently 3.480% Down -0.02% DJI Stocks $10,277.95,  Down -13.31, -0.13% European and Asian Markets Up 0.087% Nymex Crude Oil Currently $78.20 Down $1.08 Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer... just in a nick of time fo...
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Hello and Welcome to Elfin Forest California Free Foreclosure Auction Search, Bank Owned REO, Short Sales, and Homes for Sale. November 10th, 2009 Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone?   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them. Here are some of the latest statistics from Foreclosure Radar hot off the press for September 2009.  If you are unfamiliar with some of the following terms please read below for further explanations. Notice of Defaults for California rose by 1.08% to 37,417 filings. Notice...
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Hello and Welcome to Escondido California Free Foreclosure Auction Search, Bank Owned REO, Short Sales, and Homes for Sale. November 10th, 2009 Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone?   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them. Here are some of the latest statistics from Foreclosure Radar hot off the press for September 2009.  If you are unfamiliar with some of the following terms please read below for further explanations. Notice of Defaults for California rose by 1.08% to 37,417 filings. Notice of...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
It was the best of times and then it was the worst of times, until it was the best of times again, before returning to the worst of times, which lasted until it was the best of times once more, and then settling into being the worst of times... which became the best of times and then... What bothers me most about Soros and his merry band of financial thugs is on one hand they portray themselves as liberal thinkers, looking out for the little guy, while crushing the little guy in the other. A Tale of Four Trial Modifications at IndyMac Bank by Mandelman The Story You Are About to Read is 100% TRUE... IndyMac Bank, now One West Bank, whose major shareholders include liberal billionaire George Soros and his young ward, computer industry all-around good guy, Michael Dell, appears to have em...
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By Melissa Zavala, Broker, Escondido Real Estate, San Diego County
(Broadpoint Properties)
The North San Diego County and Escondido Realtors® are collecting again-making care packages for the troops. Just over a month ago, local Realtor® donations made it possible for us to send 108 large boxes of goodies to our troops living in caves in Afghanistan. It's amazing that despite the fact that many agents are having trouble make ends meet, contributions for our troops are flowing in. The collection is ongoing and now North San Diego County and Escondido Realtors® are trying to get together the holiday care packages: toothbrushes, toothpaste, magazines (old and new), books, almost anything at all. Personally, aside from a bunch of other sundries, I'm going to include my kids' Halloween candy. I've gotta get it out of the house, and I cannot think of a better cause! If you are inte...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 11, 2009, 11:30 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS markets will be closed on Wednesday for Veterans 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 5.08% on Nov.11 10 Year Treasury Currently 3.480% Down -0.02% DJI Stocks $10,277.58,  Up 30.61, 0.3% European and Asian Markets Up 0.723% Nymex Crude Oil Currently $79.27 Up $0.22 Take 5 minutes to watch this humorous and educational video... The big bailout banks find another way to rip off the consumer... just in a nick of time for them, but not for us. See TBWS Video Rates 11-11-09, 11:45 AM PT 30 Year Fixed to $417,000Rate 4.75%  Point 0.625,  A...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 10, 2009, 1:15 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +4/32.  No economic data came out today. Demand was close to average for the 10-Yr. Treasury auction with oreign investors purchasing 47% of the total.Wednesday, Mortgage markets will be closedThursday, Jobless Claims will be released at 8:30 ET, and there will be a 30-yr Treasury auction at 1:00 ET. 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 Nov.10 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.613% Down 0.06%. 10 Year Treasury Currently 3.470% Down -0.05% DJI Stocks closed the day at $10,246.97,  Up 20.03, 0.2% Eu...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 10, 2009, 9:45 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices are up +9/32. There will be a 10-yr auction at 1:00 ET. 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 Nov.10 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.613% Down 0.06%. 10 Year Treasury Currently 3.460% Down -0.06% DJI Stocks $10,207.59,  Down -19.35, -0.19% European and Asian Markets Up 0.057% Nymex Crude Oil Currently $78.45 Down $0.98 Take 5 minutes to watch this humorous and educational video...  The big bailout banks find another way to rip off the consumer... just in a nick of time for them, but not for us. See TBWS...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 9, 2009, 3:00 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices closed Monday higher at +5/32. 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 0.02% at 5.09% on Nov.9 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.673% Down 0.046%. 10 Year Treasury Currently 3.490% Down -0.08% DJI Stocks $10,226.94,  Up 203.52, 2.03% European and Asian Markets Up 1.878% Nymex Crude Oil Currently $79.25 Up $1.82 The big bailout banks find another way to rip off the consumer... just in a nick of time for them, but not for us. FHA is back in the spotlight. They didn't produce the audit that was due yesterday. Another credit tip fr...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Rate Lock Advice and Mortgage Market Update November 9, 2009, 11:00 PT RATE LOCK ADVISORY Lock Advice:  FLOATMBS prices moved slightly higher and are up +4/32. 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 Down 0.01% at 5.06% on Nov.9 Fannie Mae Mortgage Backed SecuritiesMBS Opened at 4.673% Down 0.046%. 10 Year Treasury currently 3.470% Down -0.1% DJI Stocks $10,196.18,  Up 172.76, 1.72% European and Asian Markets Up 1.878% Nymex Crude Oil currently $79.86 Up $2.43 The big bailout banks find another way to rip off the consumer... just in a nick of time for them, but not for us. FHA is back in the spotlight. They didn't produce the audit that was due yesterday. Another cr...
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