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Posts Tagged ‘dave and david warner’

Weekly Primary Mortgage Rates – April 6, 2012

April 6, 2012 Leave a comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 3.89% 3.21% 2.86% 2.78%
Fees & Points 0.7 0.7 0.8 0.6
Margin N/A N/A 2.74 2.76
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The Bears are Awaking in Yellowstone. A Touch of Spring

April 3, 2012 1 comment
BEARS WAKING UP
Bicycles On Roads
angling fees raised
——-
.. The Public Affairs Office at Yellowstone National Park has been more active, lately, than usual. That’s a sure sign that they’re waking up along with the bears. .. The following news releases and information sources may be germane to your early Spring visitation.
1] Bears are awake, hungry, and dangerous, LINK,
 2] Seasonal bear closures, LINK,
 3] Bicycle travel prior to motorized travel, LINK,
 4] Angling fees raised, LINK,
 5] General Information page, LINK,
 6] Child porn case prosecuted, LINK,
 7] Yellowstone tweets, LINK,
8]  News releases, LINK,
 9] Current road conditions, LINK.
—–
Thank You Flyfishing Yellowstone

Weekly Primary Mortgage Rates – February 2, 2012

February 2, 2012 Leave a comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 3.87 % 3.14% 2.80% 2.76 %
Fees & Points 0.8 0.8 0.7 0.6
Margin N/A N/A 2.74 2.76

From Freddie Mac

Dave & David Warner

 
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Home Affordability Offering Up 40-Year Deals

January 11, 2012 Leave a comment
Daily Real Estate News |      Wednesday, January 11, 2012
Home affordability is at 1971 levels, due to falling home prices and record low mortgage rates, pushing home ownership in reach to more families, according to the U.S. Department of Housing and Urban Development (HUD).Home owners are bringing in nearly double the median income they need to cover the cost of an average home, HousingPredictor reports.”With interest rates at historically low levels and markets across the country beginning to improve, home ownership is within reach of more households,” Bob Nielsen, chairman of the National Association of Home Builders, said in a statement.Home sales have been ticking up, according to recent reports by the National Association of REALTORS®, the National Association of Home Builders, as well as the Obama administration’s December Housing Scorecard.

However, some consumers are finding more stringent lending standards for getting a mortgage a roadblock to home ownership, and some housing experts have blamed tighter underwriting standards in recent years for continuing to hold back the housing market.

Source: “Home Affordability Reaches 1971 Level,” HousingPredictor (Jan. 11, 2012)

Thank you,  Managing Editor Wendy Cole, Realtor Magazine.

Dave & David Warner

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Weekly Primary Mortgage Rates – December 15, 2011

December 15, 2011 Leave a comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 3.94 % 3.21% 2.86% 2.81 %
Fees & Points 0.8 0.8 0.6 0.6
Margin N/A N/A 2.75 2.76

From Freddie Mac

Dave & David Warner

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O.C. home prices hit 31-month low

December 13, 2011 1 comment

Orange County’s home pricing got hit with autmun’s chill, as builders had a record-worst sales month.

DataQuick reported this morning that 2,297 residence sold in November. That is up 1.8% from a year ago. That gain came at a price. Literally.

Median selling price was $400,000 — the lowest since April 2009 and off 8.0% in a year. Orange County’s median first hit $400,000 in May 2003.

By the slice:

  • 1,495 single-family residences sold last month. That is up 6% from a year ago.
  • 664 condos sold last month. That is up 8% from a year ago.
  • Builders had 138 new-home sales last month. That is down 42% from a year ago. It was the slowest November for developers in DataQuick records that date to 1988.

And more analysis ….

  • $400,000 median selling price is 38% below June 2007′s peak of $645,000.
  • Current price is 11.1% below 2010′s peak (May and July) of $450,000; 2% below end of 2010′s median ($410,000.)
  • The most recent median is 8% above the cyclical low hit in January 2009 at $370,000 — so the median has recouped 11% of the $275,000 price drop from the peak.
  • Compared to cyclical low, single-family house median is 10% higher ($418,250 in January 2009); condo median is 1% higher ($252,000 in March 2009.) Builder prices for new homes are 35% above June 2009′s $424,000 bottom.
  • The median selling price of a single-family home is 37% less than their peak pricing (June ’07). Condos sell 46% below their peak in March 2006. Builder prices for new homes are 34% below their February ’05 top.
  • Single-family homes were 80% more expensive than condos in this period vs. 71% a year ago. From 1988-2010, the average house/condo gap was 57%.
  • Builder’s new homes sales were 6% of all residences sold in the period vs. 10% a year ago. From 1988-2010, builders did 14% of the Orange County homeselling.

From The OC Register, today

Weekly Primary Mortgage Rates – December 8, 2011

December 8, 2011 1 comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 3.99 % 3.27% 2.98% 2.80 %
Fees & Points 0.7 0.8 0.5 0.6
Margin N/A N/A 2.74 2.76

From Freddie Mac.

Dave & David Warner

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