Bay Area Real Estate Meetings June 24th and 25th
June 24, 2009
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Housing Getting Better | What is Happening to Rates in the Bay Area
June 24, 2009
More improvement in housing:
The nation’s builders reported that new housing starts increased 17.2% from April to an annualized rate of 532,000 units. Also, new building permits jumped 4%.
While the overall numbers are still some of the lowest historical numbers for housing starts, they are marked improvements from our recent lows and another signal that housing has bottomed and that we are starting to see a rebound in demand for housing.
While interest rates have been volatile, they have remained below 6% for some time. Buyers need to take advantage of these great home prices now while they still can. Now that demand has started to pick up, it will eventually start to pressure pricing.
What happened to rates last week:
We enjoyed our best 30 year fixed rates in June on Wednesday…briefly. We enjoyed a nice run up in mortgage-backed securities after a very weak Consumer Price Index Report. However, by the end of Wednesday, we gave up our gains and started a -109 basis points drop off (rates got worse) by Friday.
Rates are extremely volatile and will continue to do so until we climb out of our recession and have some global financial stability. Please don’t make any assumptions about rates - call me and I will make sure that you are up to date with the latest pricing trends.
Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Bay Are Seminar |
Get FREE MP3 of Think and Grow Rich and download the ebook by Napoleon Hill!
How Will the Government Overhaul Change Real Estate in the Bay Area?
June 19, 2009
How do you feel about a "Government Overhaul" of the Financial Industry? Do you find it alarming that Washington wants to give this kind of power to the FED? To push something like this through so fast seems reckless. Giving the the FED the power to meddle in private business affairs when it deems things to be in trouble goes against everything in the Bill of Rights. Not to mention the FED policies of the Greenspan era are what created this whole mess to begin with. What makes Washington think that they can clean it up?
Where will the Government intervention stop? How will this type of Government control change business and Bay Area Real Estate? If history is any kind of teacher, I’m afraid we are in for years of financial issues.
Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Bay Are Seminar |
Get FREE MP3 of Think and Grow Rich and download the ebook by Napoleon Hill!
What is a Mortgage Credit Certificate or MCC | Contra Costa County MCC
June 18, 2009
When you buy a home do ask your professional about Mortgage Credit Certificates for your county?? Most won’t tell you about them because they don’t know about them. There are very few lenders and banks that are able to process these and the savings is very significant. You can save 20% of the interest you pay on a mortgage every year for the entire time you have your loan. If you are going through the process it is absolutely something to take a look into. Right now I am working with a client who is set to save around $400 every month. You can learn all about them if you get in touch with us or you can look at your County’s Website.
Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Bay Are Seminar |
Get FREE MP3 of Think and Grow Rich and download the ebook by Napoleon Hill!
What Happened to Rates Last Week? | Take Advantage of Locking
June 17, 2009
Wednesday and Thursday saw our highest 30 year fixed rates of 2009 beating last Wednesday’s record high. It is the third consecutive week where we have set a new high. We did bounce back at the end of the week thanks in part to a fairly well received 30 year treasury bill auction but we still closed down -25 basis points (rates got higher) from the previous week.
There has been a lot of volatile in the market and the long term trend is still upward although we are enjoying quite a pull back. If you are in the market take advantage and lock in if possible.
Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Bay Are Seminar |
Get FREE MP3 of Think and Grow Rich and download the ebook by Napoleon Hill!
FREE Real Estate Events in Northern CA | Real Estate Investment Seminars
June 3, 2009
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REAL ESTATE FORUMS SHOWING HOW A NR STUDENT HAS USED THE EDUCATION TO MAKE A FORTUNE! 
BOB SNYDER TO HOST 3 INCREDIBLE EVENTS…
