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Posts Tagged ‘Commercial’

Weekly Mortgage Rates – 5/12/2011

May 12, 2011 1 comment

May 12, 2011

Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.63 % 3.82 % 3.41 % 3.11 %
Fees & Points 0.7 0.7 0.6 0.5
Margin N/A N/A 2.74 2.76

Dave & David Warner

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Time to Sell Your House?

May 10, 2011 1 comment

Interest rates have risen over the last six months

Interest rates have stabilized recently. However, in the last six months, interest rates have climbed over 1/2%. Every time the rates increase 1/4%, approximately 250,000 buyers are eliminated from qualifying for a mortgage. In an environment of volatile rates, waiting could mean that there will be fewer buyers eligible to purchase your house. It also could mean that you will pay a higher rate on the next home you buy.

Dave & David Warner

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The Foreclosure Report – March 2011

April 15, 2011 1 comment
Foreclosure sales rose dramatically in most of our coverage area, though much of the increase was due to March having more days than February. In California foreclosure sales increased 35.1 percent overall, but rose just 10.5 percent on a daily average basis. Nevada foreclosure sales, however, bounced back dramatically after falling in February, rising 109.5 percent even on a daily average basis. Foreclosure starts, when viewed on a daily average basis, declined across our coverage area in March, though the overall number of filings increased in California, Nevada and Washington due to the longer month. Time to Foreclose continues to increase across the board, most notably in Nevada, where sales were impacted by a local court ruling.”Between government intervention, internal issues within the banks, and even simple deviations like the number of days in the month, it is easy to come to the wrong conclusions about foreclosure activity,” says Sean O’Toole, CEO and Founder of ForeclosureRadar.com. “The one thing that remains clear is that while the process has slowed, there remains no consensus on a viable solution other than foreclosure to eliminate the excess mortgage debt that has left millions underwater and continues to hinder the broader economy.”
California
Notice of Default filings in California rose to their highest level since October 2010, up 17.3 percent month-over-month to 26,615 filings, but only increased 3.2 percent on a daily average basis. Notice of Trustee Sale filings fell for the third consecutive month, down 3.3 percent overall from February, and 25.2 percent on a daily average basis. Year-over-year foreclosure filings were down with Notice of Default filings falling 19.7 percent and Notice of Trustee Sale filings dropping 31.0 percent from March 2010. After a slow February foreclosure sales rose with sales Back to Bank (REO) up 28.6 percent and properties Sold to 3rd Parties, typically investors, jumping 61.5 percent. On a daily average basis those increases were just 5.0 percent for sales Back to Bank (REO) and 24.3 for properties Sold to 3rd Parties. The average Time to Foreclose continues to climb, up 4.1 percent month-over-month to 302 days, a significant 83.4 percent increase year-over-year, and a new record.
View all California stats by state, county, city or ZIP

Dave & David Warner
First Team Real Estate
714-870-1028
949-547-0480Dre #’s 01236069-01236519
callwarner.com
callwarner.ft@gmail.com

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Weekly Mortgage Rates – April 8, 2011

April 8, 2011 1 comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.87 % 4.10 % 3.72 % 3.22 %
Fees & Points 0.7 0.7 0.6 0.7
Margin N/A N/A 2.74 2.76
Dave & David Warner
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Weekly Mortgage Rates – March 3, 2011

March 3, 2011 Leave a comment
March 3, 2011 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.87 % 4.15 % 3.72 % 3.23 %
Fees & Points 0.7 0.7 0.6 0.6
Margin N/A N/A 2.74 2.76

From Freddie Mac
Dave & David Warner

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Orange County Home Sale Activity for Home Sales Recorded in January 2011

February 22, 2011 Leave a comment
Reporting resale single family residences and condos as well as new homes
% Change is from the same month last year
 

Community Zip Median % Chng Sales % Chng
All homes   $415,000 -2.4% 1,929 3.3%
Total resale houses   $480,000 -2.0% 1,249 5.6%
Total condominiums   $282,000 -6.0% 582 -1.7%
Total new homes   $566,000 -6.1% 98 6.5%
Aliso Viejo 92656 $348,000 -4.8% 55 -30.4%
Anaheim 92801 $306,500 -9.9% 29 70.6%
Anaheim 92802 $300,000 -1.0% 13 -13.3%
Anaheim 92804 $325,000 0.2% 43 -10.4%
Anaheim 92805 $295,000 -5.1% 26 4.0%
Anaheim 92806 $365,000 -5.2% 10 -60.0%
Anaheim 92807 $398,000 -8.5% 16 -33.3%
Anaheim 92808 $525,000 4.0% 23 53.3%
Brea 92821 $440,000 -7.0% 23 21.1%
Brea 92823 $652,500 -21.4% 4 0.0%
Buena Park 90620 $367,500 -5.3% 26 -7.1%
Buena Park 90621 $319,500 -8.7% 22 69.2%
Corona del Mar 92625 $1,255,000 -13.1% 18 100.0%
Costa Mesa 92626 $500,000 0.0% 21 -4.5%
Costa Mesa 92627 $450,000 25.0% 30 76.5%
Cypress 90630 $450,000 0.0% 25 13.6%
Dana Point 92624 $610,000 10.4% 3 -50.0%
Dana Point 92629 $555,500 5.1% 20 -9.1%
Foothill Ranch 92610 $475,000 -19.5% 11 22.2%
Fountain Valley 92708 $571,000 1.9% 28 -6.7%
Fullerton 92831 $300,000 -37.4% 19 72.7%
Fullerton 92832 $317,500 -9.3% 12 -36.8%
Fullerton 92833 $400,000 -8.2% 39 34.5%
Fullerton 92835 $689,000 22.5% 12 -40.0%
Garden Grove 92840 $336,000 -4.0% 34 9.7%
Garden Grove 92841 $360,000 -10.0% 18 20.0%
Garden Grove 92843 $344,500 18.8% 21 -8.7%
Garden Grove 92844 $325,000 14.0% 15 15.4%
Garden Grove 92845 $421,000 -11.4% 11 83.3%
Huntington Beach 92646 $438,500 -11.4% 39 21.9%
Huntington Beach 92647 $446,750 -18.4% 22 10.0%
Huntington Beach 92648 $470,000 -32.4% 25 4.2%
Huntington Beach 92649 $467,500 -20.0% 25 38.9%
Irvine 92602 $675,000 13.1% 13 -7.1%
Irvine 92603 $740,000 -11.8% 15 0.0%
Irvine 92604 $465,750 -3.2% 17 70.0%
Irvine 92606 $615,000 8.1% 9 80.0%
Irvine 92612 $501,500 -3.6% 18 20.0%
Irvine 92614 $499,000 11.4% 11 -8.3%
Irvine 92618 $497,500 65.8% 17 88.9%
Irvine 92620 $583,250 5.8% 47 95.8%
Ladera Ranch 92694 $621,500 38.1% 22 -48.8%
La Habra 90631 $310,000 11.5% 21 -36.4%
La Palma 90623 $395,841 -16.2% 8 33.3%
Laguna Beach 92651 $1,000,000 -11.1% 30 76.5%
Laguna Hills 92653 $455,000 26.7% 25 8.7%
Laguna Niguel 92677 $565,000 4.6% 55 -11.3%
Laguna Woods 92637 $227,000 24.0% 23 -25.8%
Lake Forest 92630 $316,000 -16.8% 39 5.4%
Los Alamitos 90720 $645,500 -9.3% 10 0.0%
Midway City 92655 $360,000 -12.6% 3 50.0%
Mission Viejo 92691 $480,000 3.8% 28 -30.0%
Mission Viejo 92692 $499,500 5.2% 58 56.8%
Newport Beach 92660 $1,190,000 -11.2% 25 4.2%
Newport Beach 92661 $2,575,000 -47.2% 2 0.0%
Newport Beach 92662 $2,395,000 55.0% 1 0.0%
Newport Beach 92663 $920,000 -6.8% 19 18.8%
Newport Coast 92657 $1,445,000 7.8% 14 40.0%
Orange 92865 $341,000 -16.1% 14 -46.2%
Orange 92866 $430,000 -12.5% 4 -33.3%
Orange 92867 $437,500 -9.8% 16 -23.8%
Orange 92868 $224,500 -28.4% 6 -60.0%
Orange 92869 $440,000 0.5% 28 27.3%
Placentia 92870 $414,000 -3.7% 24 -29.4%
Rancho Santa Margarita 92688 $365,000 -16.1% 51 50.0%
San Clemente 92672 $615,000 -6.5% 27 -6.9%
San Clemente 92673 $605,000 1.0% 31 29.2%
San Juan Capistrano 92675 $389,000 22.5% 33 22.2%
Santa Ana 92701 $121,500 -2.8% 18 -5.3%
Santa Ana 92703 $255,000 21.4% 33 57.1%
Santa Ana 92704 $235,000 -20.3% 39 -18.8%
Santa Ana 92705 $552,500 76.8% 25 -7.4%
Santa Ana 92706 $327,500 -7.7% 18 -10.0%
Santa Ana 92707 $225,000 -7.2% 33 17.9%
Seal Beach 90740 $797,500 9.2% 8 -11.1%
Stanton 90680 $217,500 -29.5% 20 42.9%
Trabuco/Coto 92679 $615,000 0.8% 26 -25.7%
Tustin 92780 $403,000 10.4% 31 6.9%
Tustin 92782 $562,500 17.2% 12 -50.0%
Villa Park 92861 $825,000 -7.8% 2 -33.3%
Westminster 92683 $400,000 -4.1% 47 -4.1%
Yorba Linda 92886 $561,000 -19.0% 44 -25.4%
Yorba Linda 92887 $507,500 -21.7% 17 6.3%

From Data Quick

Dave & David Warner

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The Foreclosure Report – January 2011

February 15, 2011 Leave a comment

Here is important information if you are thinking of selling your home now or in the near future.   Inventory is seasonably low.  Sell now so you won’t be competing with lower prices REO’s.

The Foreclosure Report
JANUARY 2011 

Foreclosure sales bounced back to levels not seen since robo-signing moratoriums went into effect last fall. With significant increases in Arizona, California, Nevada, Oregon and Washington; foreclosure sales rose both in terms of properties that went Back to the Bank and those Sold to Third Parties, typically investors. As a result Bank Owned Inventories (REO) increased everywhere except in Oregon where banks sold more homes then they took back. “We have not seen this level of activity on the courthouse steps for months,” says Sean O’Toole, CEO and Founder of ForeclosureRadar.com. “The increase in foreclosures is just in time to provide a fresh supply of entry level homes for the spring home buying season.”

California
Reversing a four month declining trend, Notice of Default filings rose 6.9 percent month-over-month in California, while Notice of Trustee Sale filings dropped 13.8 percent from the prior month. Foreclosure filings year-over-year show only mild change, with Notice of Default filings down 3.3 percent and Notice of Trustee Sale filings slipping just 1.4 percent from January 2010. Foreclosure sales skyrocketed from December, with 51.5 percent more sales Back to Bank and 52.8 percent more properties purchased by Third Parties, typically Notice of Trustee Sale filings. Cancellations were up as well, rising 12.4 percent this month as compared to last which was the first time in six months that cancelations increased month-over-month.
View all California stats by state, county, city or ZIP

Foreclosure Radar

Dave & David Warner

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