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Tough day yesterday for rates, and a tough start today as well. What can we expect from mortgage rates for the rest of the quarter? All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

The Mortgage Street Smarts of where mortgage interest rates are going (and why):
The following information is current as of Tuesday 3-13-2012 and will help you understand todays best mortgage rates. If you are a Buyer/Borrower who is still on the fence (or if you are a Real Estate Agent attempting to educate your "on the fence" Buyer), please review these trends and secure an historically low interest rate before it is too late.
The market closed Monday with a WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Monday's WORSENING resulted in a change of 18 basis points (bps).
(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

The following chart shows market activity over the past 10 days (hint: green is good, red is bad):

The following chart shows market activity over the past 1 month:

Daily Interest Rate Snapshot (sample of rates from one of the country's largest Lenders...individual pricing will vary based on specific Borrower qualifications): NOTE: This Lender has quoted a 1.00% Origination Fee (1 Point) to accompany this pricing. It bears noting that this chart does not necessarily represent todays best mortgage rates.

Market Commentary
Analyst: Bill Fisher
Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), Jason E Gordon utilizes his advanced training to examine a prospective Client's complete financial picture, while carefully listening to their overall goals. If it is mutually agreed that a new loan makes sense to pursue, Jason strives to make the entire loan process as seamless as possible. He truly believes that providing open communication and patient educational guidance to his Clients and Business Alliances has been a pivotal component to building his business, while enhancing his reputation in the Mortgage Industry as a Trusted Advisor. Visit www.jasonegordon.com or www.ApprovingSD.com or more information.
Click here for daily mortgage interest rate updates and projections for San Diego's lowest mortgage rates
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The Oceanside Public Library plans to hold two free workshops aimed at helping businesses this month. The first, scheduled for 10:30A.M., Saturday at the Civic Center Library at 330 N. Coast Highway will teach business owners how to use social networking site LinkedIn. The class will be taught by Doug Taber.
The second is an overview of software program QuickBooks set for 10A.M., March 31, 2012 at the Civic Center Library. The workshop will include hands-on training from expert Maureen Thielen. The programs are part of an effort by the Oceanside Public Library to help meet the information needs of Small business owners.
Courtesy of: Crescent Moon Realty, Inc.
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The Oceanside real estate market has undergone many shifts and continues to evolve. This market report does not include any private sales nor manufactured, mobile or multifamily housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.
Media reports speak in general terms, so information may not represent the reality of the local Oceanside real estate market. Having data from a knowledgeable agent about local market conditions benefits you as the buyer or seller in making informed decisions.
READ MORE: Oceanside California – A Growing and Changing Coastal San Diego Community
In February 2011 there were 159 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 20% more than last month. Here’s the breakdown of overall activity.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# Sold |
159 (up 20%) |
111 (up 41%) |
48 (down 13%) |
|
Average $ |
$299,984 (up 10%) |
$330,184 (up 3%) |
$230,148 (up 14%) |
|
Days on Market |
79 |
73 |
92 |
|
Sale $/List $ |
97% |
97% |
96% |
Sales volume rose substantially from January sales for detached homes, but dropped for attached. Average prices shifted upwards for detached homes, in particular for attached homes, the 2nd month of average price increases. Buyers are still negotiating only about -3 - 4% from asking price across the board.

At the end of February 2012 there were 758 Oceanside homes for sale, an increase of 5% over last month, following 5 months of inventory decline. This represents an inventory of 4.6 months for detached homes (up from 4.3 months in January) and 4.4 months for attached homes (up from 4 months last month) based on the current rate of sales over the last 6 months.
READ MORE: How Important is Inventory when Buying or Selling? Very!!
In February 238 Oceanside homes came on the market, a 53% increase from January new listings, which had spiked from December new listings, which is good news for buyers. During February the number of Oceanside homes going pending (168) also rose, by 14%, from last month.
I would be pleased to provide more details about the Oceanside real estate market and within specific zip codes, areas or price ranges to help you make an informed decision about your home purchase or sale.
SEARCH FOR OCEANSIDE HOMES FOR SALE
SEARCH FOR OCEANSIDE CONDOS FOR SALE
READ MORE:
Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in January 2012?
Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in December 2011?
Oceanside Homes for Sale – What Happened in the Oceanside Real Estate Market in November 2011?
Oceanside Homes for Sale | Oceanside Real Estate Market Report for October 2011
Oceanside Homes for Sale | Oceanside Real Estate Market Report for September 2011
Oceanside Homes for Sale | Oceanside Real Estate Market Report for August 2011
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The HARP Deal 2.0 - Are you underwater in Oceanside California? One of the main changes with the HARP Deal 2.0 is that loan to value (LTV) no longer matters.
What is loan to value? Loan to value is your loan amount divided by the value of the home. Previous versions of the HARP Deal capped this at 105% and 125%. This was still not enough for many underwater Oceanside California homeowners. 
Great news! If you purchased your Oceanside California home prior to June 1st, 2009, you may qualify for the HARP Deal 2.0. This applies to Primary residences, 2nd homes, and investment properties.
Step 1
Verify whether or not your Oceanside California home loan is owned by Fannie Mae or Freddie Mac
Step 2
Are you current on your Oceanside California mortgage? Fannie Mae will not allow any 30-day late payments in the previous 12 months. Freddie Mac will not allow any 30-day late payments in the last six months, but will allow one in months 7 to 12.
Not current? Get current. The HARP Deal 2.0 is going to run through December 31, 2014, so you hopefully have enough time to get your Oceanside California loan current and stay current.
Step 3
Contact Kevin Kueneke with AmeriFirst Financial, Oceanside California Approved HARP Deal 2.0 Lender, today by calling 760-500-1919 or inquire online: www.kevink.amerifirst.us
***IMPORTANT NOTES***
To qualify for the HARP Deal 2.0 your underwater Oceanside California home loan must:
If you have an FHA or VA loan on your underwater Oceanside California home, you may already qualify for a NO APPRAISAL transaction! Inquire with Kevin by clicking here
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