Oceanside, CA

Mortgage Rate Update 3-13-12: Trends, Projections & Today's Lowest Rates

03-13-12

Jason E Gordon, CMPS, CDPE, CMC: Loan Officer in San Diego, CA

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Mobile: (619) 200-8031

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)

Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

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:

Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

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.

Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

Market Commentary

Analyst: Bill Fisher

Avid readers of this column, if any exist, will recall that I looked forward last week to watching the effect of the February employment data on the markets. I imagined sitting in a lawn chair, sipping lemonade, reveling in the triumph of jobs in America, the slight northward movements of interest rates, the signs of investors awareness that the American economy is moving toward the light at last.

I offered one caveat. And that caveat is, perhaps sadly, the subject of this weeks

column. I mentioned that an indicator like the monthly employment report will only have a truly strong effect on the markets if it contains the element of surprise. And I acknowledged that investors all over the world were aware enough that the jobs numbers would be good to have eliminated most of the surprise factor. The jobs numbers, if solid, just werent surprising.

So, if Id been watching from my lawn chair, I doubtless would have fallen asleep long before the day was over.

The 8.3% unemployment rate for the second month in a row chilled most of those who were looking for an even better improvement. But wait. Falling to 8.3% the month before this was a rather powerful move. Staying there for a second month is a welcome confirmation of that powerful move. Theres plenty of room for rejoicing here, but the markets werent in the mood for rejoicing. Investors are worried. They are muttering, Greece is going to default, you know! They need Big Proof of a brighter future than theyre expectingbigger numbersif theyre to be coaxed off their frightened positions.

And the new non-farm payroll figures did reach 227,000a sturdy and workable level, though wed love, at this point in the apparent recovery, numbers with a bit more fire. But wait. The first number reported for January was 243,000, but included in this set of numbers was a revision, taking the January new job toll all the way to 284,000. (Does that not qualify as surprising?) And, since Januarys jobs figure rose by 223,000that means we have three months in a row with total new jobs coming in handily above 200,000. And those who do this sort of thing for a living tallied up the consensus estimates of economists before the February numbers were released: The consensus was 204,000 new payroll jobs. Surprise!

In spite of these pleasant rays of sunshine, the mood was pretty lackadaisical. Bloomberg.com wrote: Overall, the latest report shows the labor market gradually improving and providing modest momentum to the consumer sector. Still, growth is not strong enough to make much of a dent in unemployment.

Okay, whatever. I cant help but notice that we have to cross the street before we get to the other side; we dont just wake up one day and were where we want to be. The constant talk about how our jobs situation is terrible next to where it was six years ago has gotten old, frankly.

Yes, were not there yet. But 227,000 is a lot better than 204,000. And 284,000 beats out 243,000 any day of the week.

But as I said, the lesson this time is, once again, that the markets rarely react strongly to good data unless those data come wrapped in a surprise somehow. Its as if investors were sitting in the grandstands yelling, Go ahead, make us move. We dare you.

Well keep watching. Its difficult not to react to good news if it keeps coming.

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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Business Workshop To Be Held At Oceanside, California Library.

03-09-12

Lorraine or Loretta Kratz-Certified Negotiation Consultants

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Office: (760) 650-2157

Mobile: (760) 650-2157

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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Oceanside Homes for Sale - What Happened in the Oceanside Real Estate Market Report in February 2012?

03-05-12

Jeff Dowler ~ Carlsbad Homes for Sale ~ 760-840-1360

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Office: (JUS) TMY-CELL

Mobile: (760) 840-1360
Secondary: (877) 845-3178

Oceanside Homes for Sale - What Happened in the Oceanside Real Estate Market Report in February 2012?

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.

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 2^nd month of average price increases. Buyers are still negotiating only about -3 - 4% from asking price across the board.

Oceanside Homes for sale at Ocean Hills Country Club in Oceanside Oceanside Homes for sale - Homes for Sale in Oceanside

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.

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

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 - Is Your Oceanside CA Home Underwater?

03-04-12

Kevin Kueneke

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Office: (760) 500-1919

Mobile: (760) 500-1919

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

Fannie Mae look up site: http://www.fanniemae.com/loanlookup/
Freddie Mac look up site: https://ww3.freddiemac.com/corporate/

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:

not be a Government loan (FHA, VA, USDA, etc)
must be a 1st lien
must not be a Reverse mortgage
must not be in default

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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Oceanside, California --Delivering New Recycling Containers To Local Residents!

02-09-12

Lorraine or Loretta Kratz-Certified Negotiation Consultants

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Office: (760) 650-2157

Mobile: (760) 650-2157

Oceanside, California --Delivering New Recycling Containers!

Oceanside, California in its endeavors to update its recycling program is delivering 5,000 new trash recycling bins. As of Monday 96% of residential households in the city of Oceanside, California had received the new carts from Waste Management Of North County. Starting this week Waste Management will exchange container for people who want a different size than the standard 96 gallon containers. The carts come in three sizes 35, 64 and 96 gallons. Many Oceanside residents order the larger size and since they have had time to use them, find them to be not as user friendly and are ordering the smaller size.

Approximately 20% single family households are asking for the smaller containers. Exchanges are free and must be arranged by appointment. The new containers replace small mil crate sized boxes city residents have been using for recycling and the barrels and plastic bags they used for putting trash out by the curb to be picked up.

Please put out the old container by the curb--so Waste Management can come by and pick up.

This information offered by Crescent Moon Realty, Inc..

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