MARKET COMMENT Mortgage bond prices fell last week pushing rates higher. In an announcement earlier in the month, Fed Chairman Bernanke indicated the timing of a global economic recovery was "highly uncertain." This uncertainty was reinforced last week as the economic turmoil continued across the globe and Spain joined Greece to become the second Euro zone country to have their debt downgraded by Standards and Poor's. A lower debt rating increases the cost to borrow further aggravating the attempts to fund the massive bailouts. For the second week in a row, interest rates on government and conventional loans rose by about 3/4 of a discount point. The Fed meeting on Wednesday will be the most important event this week. Gross domestic product and employment cost index data Friday will als... 01/25/2009

  Mortgage News for 12/15/2008      On Wednesday morning, mortgages rates collapsed close to 5.125%.       Four notes on mortgage pricing. These super-low rates are limited to 740+ FICOs and 80% or less loan-to-value. Fannie and Freddie, despite 90 days in Federal hands, still maintain punitive FICO pricing. 695 FICOs have to pay a fee just to get 5.50%.      Second, the normal fee-versus-rate progression has been distorted for two weeks. Usually it's a bad idea to pay fees to get a lower rate (payback out at six years); however, a confused and fearful investment world, far removed from retailers' pricing interests and the "secondary market," wants to buy loans only at a discount. The result from time to time favors paying a fee even to refi.      Third: prior large-scale rate drops hav... 12/15/2008

Mortgage News for 12/8/2008 The loss of 533K jobs in Nov and an additional 80K jobs in Oct reported on Friday sent interest rates higher and a strong 249 point increase in the DJIA. It was already baked in the cake so what we got was a buy the rumor, sell the fact in the bond market and sell the rumor, buy the fact in the stock market. It is all about an overbought bond market and somewhat oversold stock market. Early this morning the bond and mortgage markets opened lower in price while the stock index futures were trading better, indicating a stronger open at 9:30. It isn't as confusing as it appears; the stock market remains a sell on rallies and the bond market a buy on price dips; has to run its course but both markets will return to their respective longer term trends once the cor... 12/08/2008

Mortgage News for 12/01/2008 WOW! What one week can do. The FED finally figured it out. Last week the 10 Yr Treasury Note droped in yeild like a "lead balloon" and mortgage prices followed. Last week the DJIA rallied 800 points driven by the Obama economic appointments and the $800B Fed injection to buy $600B in mortgages and $200B for credit, auto, and student loans. Going to zero! The markets are increasingly expecting the Fed will take the Fed Funds rate to zero in 2009. The market is betting that the Fed Funds rate will be cut to 0.5% on Dec 16th at the end of the FOMC meeting (a cut of 50 basis points). If the federal funds rate falls to 0.5% and two-year Treasury note yields should follow, investors would realize an annualized return of 1.5%, but management fees would eat all of t... 12/01/2008

Lake Forest Home Sales Average List Price and Sale Prices by subdivision in the Lake Forest area. Single Family HomesSearch Previous Sales Subdivision Sales Avg. List Avg. Sale Ratio Academy Woods 3 $929,000.00 $867,500.00 93.4 Arbor Ridge 1 $1,300,000.00 $1,240,000.00 95.4 Arcady 1 $924,000.00 $910,000.00 98.5 Campbells 2 $1,849,000.00 $1,750,000.00 94.6 Conway Farms 3 $1,026,000.00 $953,333.33 92.9 Evergreen 1 $2,195,000.00 $1,975,000.00 90 Fairway Estates 1 $629,500.00 $610,000.00 96.9 Forest Haven 1 $399,000.00 $315,000.00 79 H.o. Stone 4 $728,225.00 $686,500.00 94.3 Havenwood 1 $2,195,000.00 $1,985,000.00 90.4 Knollwood Club 1 $2,750,000.00 $2,485,000.00 90.4 Meadowood 1 $895,000.00 $845,000.00 94.4 Northmoor 2 $716,500.00 $670,500.00 93.6 Old Elm Estates 1 $1,499,000.00 $1,330,00... 08/08/2008

Built in the late 90's, Laurel Place is a condominium community located in Lake Forest on Green Bay north of Deerpath. 3 homes sold in Laurel Place in Lake Forest from $415,000-$570,000 with an average price of $496,667 within the last 6 months. For up to date information on homes for sale or recent home sales for Laurel Place in Lake Forest, click Laurel Place 08/08/2008

Built in the early 2000's, Middlefork Farm is located in Lake Forest on Waukegan Road north of Route 60. 2 homes sold in Middlefork Farm in Lake Forest from $1,975,000-$2,125,000 with an average price of $2,050,000 within the last 6 months. For up to date information on homes for sale or recent home sales for Middlefork Farm in Lake Forest, click Middlefork Farm 08/08/2008

Whispering Oaks is Located in Lake Forest, on Green Bay south of Westleigh. 5 homes sold in Whispering Oaks in Lake Forest from $579,900-$1,250,000 with an average price of $895,480 within the last 6 months. For up to date information on homes for sale or recent home sales for Whispering Oaks in Lake Forest, click Whispering Oaks 08/08/2008

Conway Farms is located in Lake Forest on Route 60 west of Waukegan Road. 3 homes sold in Conway Farms in Lake Forest from $777,500-$1,182,500 with an average price of $953,333 within the last 6 months. For up to date information on homes for sale or recent home sales for Conway Farms in Lake Forest, click on Conway Farms In Lake Forest 08/08/2008

3 homes sold in Academy Woods in Lake Forest from $800,000-$902,500 with an average price of $867,500 within the last 6 months. For up to date information for homes for sale or recent home sales for Academy Woods in Lake Forest, click Academy Woods In Lake Forest 08/08/2008

Looking for a house in Lake Forest. Here are some links to help you educate yourself. Income levels in Lake Forest School demographics and grades in Lake Forest Subdivisions in Lake Forest New construction in Lake Forest Townhouse and Condos in Lake Forest Vacant Land in Lake Forest Multi-Family Homes in Lake Forest Single Family Homes for sale in Lake Forest Places of worship in Lake Forest Hospitals around Lake Forest Libraries for Lake Forest Utilities for Lake Forest Tax Assessment for Lake Forest Recent Home Sales for Lake Forest Waterfront in Lake Forest Luxury Homes in Lake Forest Ranch Homes in Lake Forest 08/07/2008

Lake Forest Home Sales Average List Price and Sale Prices by subdivision in the Lake Forest area. Single Family HomesSearch Previous Sales Subdivision Sales Avg. List Avg. Sale Ratio Academy Woods 1 $869,000.00 $800,000.00 92.1 Arbor Ridge 2 $1,349,500.00 $1,314,500.00 97.4 Arcady 1 $1,075,000.00 $941,000.00 87.5 Campbells 2 $1,949,000.00 $1,879,262.50 96.4 Conway Farms 1 $749,500.00 $749,500.00 100 Fairway Estates 1 $629,500.00 $610,000.00 96.9 Forest Haven 2 $437,000.00 $370,000.00 84.7 H.o. Stone 3 $724,633.33 $673,833.33 93 Knollwood Club 1 $2,750,000.00 $2,485,000.00 90.4 Lake Forest Heights 2 $734,000.00 $710,000.00 96.7 Lasker Estates 1 $2,195,000.00 $1,830,000.00 83.4 Meadowood 1 $895,000.00 $845,000.00 94.4 Northmoor 2 $766,500.00 $711,500.00 92.8 Villa Turicum 1 $1,297,000.00... 05/20/2008

Barrington IL, Natural Stone Floor, Counter Top, Shower, & Bathroom Cleaning & Sealing (edit/delete) INTEGRATED CLEANING SOULTIONS: We want our customers to have one resource for all cleaning and restoration needs. This is the reason for the many facets of PHS. From our commercial cleaning & Restoration services  to our residential cleaning services, to we want our customers to think of PHS when they need Cleaning and Restoration, or Home Improvement needs. Our Customers have selected PHS because of the dedication to quality service. PHS is committed to the finest customer service, cutting-edge technology, and employee certification. Our cleaning Restoration services are available throughout the northern portions of Illinois. We offer a 100% guarantee on all of our cleaning services. If... 12/15/2007

 The table below lists all of the currently active single family detached and single family attached homes in Lake Forest and Lake Bluff, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices. For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements. David Spencer, Broker, Instructor   Active Listings List Price Range# ListingsAvg. Days on MktLess than $149,9991178$150,000 - $199,99914173$200,000 - $249,9991179$250,000 - $299,99916154$300,000 - $349,9991481$350,000 - $399,99914171$400,000 - $449,99911240$450,000 - $499,99922155$500,000 - $549,99918110$550,000 - $599,99916222$600,000 - $699,9993518... 07/12/2007

    Commercial Loans for Lake Forest Illinois Properties From $100,000 to $1.5 MillionBy : Michael R. Linton   Submitted 2007-06-02 15:53:08 Commercial Loans for Lake Forest Illinois Properties From $100,000 to $1.5 Million Our sister company, Maranatha Mortgage, is broadening its product line to include small balance commercial real estate loans from $100,000 to $1.5 million for Lake Forest, Illinois. Their loan program is unique in that it requires as little as 3% down and focuses more on the financial strength of the borrower, than solely on the property's cash flow. They have taken the difficult commercial lending process and made it easy, predictable and fast! Best of all, this program offers flexible rate and term options, no balloons, fast pre-approvals and closings in as little ... 06/04/2007

Don't waste your time and energy looking at mostly sold homes on the internet. Automatically recieve personalized MLS listings via a real estae web page set up just for you. Several times each day the page will be updated with the latest new listings and sold listings will be removed. This information comes directly from the MLS and will not be days or even weeks behind as the consumer sites are. Simply email me with your search criteria and I will be happy to provide you with your own personal real estae web page. 03/03/2007