Heather & Nancy Cloward The Cloward Team

FYI: To help provide first-time home buyers with peace of mind when purchasing a home, the C.A.R. Housing Affordability Fund (C.A.R.H.A.F.) is offering a new mortgage protection program to first-time home buyers.

Through the Housing Affordability Fund’s Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month for up to six months to help make their mortgage payments. A qualified co-buyer also can participate in the program, for a monthly benefit of $750 per month for up to six months. Program benefits also include coverage for accidental disability and a $10,000 death benefit. C.A.R.’s Housing Affordability Fund is dedicating $1 million toward its Mortgage Protection Program this year, and estimates that up to 3,000 families will benefit from the program throughout 2009.

To qualify for the Mortgage Protection Program, applicants must:
. Be a first-time home buyer – someone who has not owned a home in the last three years
. Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009
. Use a California REALTOR® in the transaction
. Purchase the property in California
. Be a W-2 employee (cannot be self-employed or military personnel)

First-time home buyers must request an application for the H.A.F. Mortgage Protection Program from their REALTOR®. For applications and other information on this exciting new program, go to www.car.org/aboutus/hafmainpage/ or contact Monica Rodriguez at (213) 739-8380 or monicar@car.org.

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential California Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com

We hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date. Housing Inventory Snapshot March 28, 09 Average List Price Median List Price Average Days On Market Los Angeles County, CA Single Family under $600K $310,334 $299,000 116 Single Family over $600K $1,353,842 $949,999 123 Condo/Townhome under $400K $226,489 $219,900 123 Condo/Townhome over $400K $633,537 $539,000 116 Orange County, CA Single Family under $1M $558,196 $549,000 109 Single Family over $1M $2,816,482 $1,799,999 131 Condo/Townhome under $600K $300,220 $289,000 107 Condo/Townhome over $600K $1,159,044 $940,000 117 Riverside County, CA Single Family under $700K $221,203 $195,000 130 Single Family over $700K $1,351,451 $895,000 186 Condo/Townhome under $500K $151,156 $129,000 118 Condo/Townhome over $500K N/A N/A N/A San Bernardino County, CA Single Family under $700K $226,343 $189,900 124 Single Family over $700K $1,540,127 $1,080,000 165 Condo/Townhome under $450K $178,926 $175,000 117 Condo/Townhome over $450K N/A N/A N/A MORTGAGE. National Averages (March 28, 09)* 30-year fixed Rate - 4.97% APR - n/a% 15-year fixed Rate - 4.79% APR - n/a% 5/1 ARM Rate - 4.28% APR - n/a% * Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

If you know someone who is considering buying or selling a home, please give us a call. We will provide professional & courteous service along with knowledgeable guidance through the process.

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential California Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com

Rates on 30-year mortgages fell this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages dropped to 4.85 percent this week, from 4.98 percent last week. It was the lowest in the history of Freddie Mac's survey, which dates to 1971 and was down a full percentage point from a year ago. The previous record low of 4.96 percent was set in the week of Jan. 15. Rates fell after the Fed said last week that it will pump $1.2 trillion into the economy in an effort to lower rates on mortgages and loosen credit.

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential California Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com

Human Insight #1: How Do People Buy?

Experts say about 80% is by sight and about 15% by hearing

Can you now understand why having a great visual presentation is so important? And then having the language to go along with it is just as significant.

Human Insight #2: How Do People Learn?

Experts say that about 90% is via participation.

This is why we must have the client participate we us during a listing presentation.

Human Insight #3: How Long Do People Remember?

A. Presentation Method: Only By Speaking To Client:

2 hours later: 90 % is remembered while 2 days later: 30% is remembered

B. Just A Visual Presentation The Client Reads Privately - You Are Not Present

2 hours later: 88% is remembered while 1 day later only 20% is remembered

C. When Salesmen Explains With Visual Presentation & With Client Present

2 hours later: 97% is remembered while 2 days later: 71% is remembered

Once again, these numbers tell us we need to use visual presentations during the listing appointment.

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential Clalifornia Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com

Update:

Inflation concerns sparked a selloff of bonds. If this continues it will be hard for mortgage rates to move much lower in the short term despite the Fed's plan to purchase Mortgage Backed Securities. This week the Fed increased its purchase plan of Mortgage Backed Securities to $1.25 Trillion dollars and extended the plan through 2009. Market indicators suggest that an erosion of bond prices may be ahead. I recommend locking in interest rates to make sure we take advantage of the gains seen over the last few days.

Please contact us for any further questions

www.TheClowardTeam.com

Nancy & Heather Cloward

Prudential Clalifornia Realty

Direct: 949-495-2819 or 949-228-4523

Nancy@NancyCloward.com or Heather@HeatherCloward.com