Nick Reis

Temecula CA Community Info & Homes For Sale

www.yoursocalhomes4sale.com & www.homesforsaleintemecula.com

Temeucla is a place where natural beauty, historic traditions, and modern conveniences to offer entertainment for people of all ages.

Temecula is well known for its championship golf courses, a climate perfect for serene and beautiful hot-air ballooning adventures, and award-winning wineries nestled in 3,000 acres of picturesque wine country, but that's just the beginning. The community's mix of entertaining activities and friendly residents makes visitors want to return again and again.

Located in the heart of Temecula, the Old Town district blends historic buildings with over 640 antique dealers, unique shopping, and restaurants. Old Town Temecula is the site of many special events including car shows, semi-annual Rod Runs, Western Days, and summer weekend entertainment. Take a jaunt in a horse-drawn carriage or stroll along the wooden boardwalks. Every Saturday, visit the popular Farmer's Market which offers a wealth of fresh produce, flowers, and crafts.

Tour the Temecula Valley Museum and discover the city's historical treasures, enjoy the wacky inventor Professor Phineas Pennypickle's home-workshop, at the Imagination Workshop Children's Museum or experience an evening out at our Old Town Temecula Community Theater.

If it's shopping you're looking for, you'll be sure to find that one-of-a-kind item in a quaint specialty boutique or one of Temecula's modern neighborhood centers. The Promenade Mall and Power Center offers the convenience of large department store shopping at its best. When it's time to dine, an array of dining experiences will fit any taste or budget.

Great weather and fresh air will encourage you to take the family for a hike on the Santa Rosa Plateau Wildlife Preserve, or delight in a day of boating and fishing at Lake Skinner, the site of the annual Balloon & Wine Festival, or nearby Diamond Valley Lake.

Just south of Temecula, the Pechanga Tribe of American Indians operates the Pechanga Resort and Entertainment Center where visitors can enjoy gaming, boxing, or concerts.

Wine Country Info (To Continue Reading Click Here!)

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.84 percent with an average 0.7 point for the week ending May 20, 2010, down from last week when it averaged 4.93 percent. Last year at this time, the 30-year FRM averaged 4.82 percent. Once again, the 30-year FRM has not been lower since the week ending December 10, 2009, when it averaged 4.81 percent.

The 15-year FRM this week averaged 4.24 percent with an average 0.7 point, down from last week when it averaged 4.30 percent. A year ago at this time, the 15-year FRM averaged 4.50 percent. The 15-year FRM has not been lower since Freddie Mac started tracking the 15-year FRM in August of 1991.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.91 percent this week, with an average 0.6 point, down from last week when it averaged 3.95 percent. A year ago, the 5-year ARM averaged 4.79 percent. This breaks last week's record and, again, the 5-year ARM has not been lower since Freddie Mac started tracking the 5-year ARM in January of 2005.

The 1-year Treasury-indexed ARM averaged 4.00 percent this week with an average 0.6 point, down from last week when it averaged 4.02 percent. At this time last year, the 1-year ARM averaged 4.82 percent. The 1-year ARM has not been lower since the week ending October 28, 2004 when it averaged 3.96 percent.

"Mortgage rates eased back once again this week to the lowest level of the year," said Frank Nothaft, Freddie Mac vice president and chief economist. "Low mortgage rates, coupled with the homebuyer tax credit, helped strengthen the housing market in the first four months of the year. New construction on one-family homes rose for the fourth consecutive month in April to an annualized rate of nearly 0.6 million units and represented the strongest pace since August 2008. Three of the four Census regions showed increases, led by a 14.8 percent jump in the South.

"Moreover, homebuilder confidence rose for the second straight month in May to the highest level since August 2007, according the National Association of Home Builders/Wells Fargo Housing Market Index .

For More Information Please Visit our Website at www.yoursocalhomes4sale.com