With all the commentators getting wrapped up in NEXT WEEKS Patriot-Colts game you get the feeling they just want to skip this week. Read the rest of this entry »
Folklore has it, that at one time the Montgomery-Santa Rosa matchup was called ” THE Big Game”. Read the rest of this entry »
I don’t know WHY you’d “return” all or part of a deposit–especially the “part” portion?? They sound like the same animal to me. If they accomplish the same thing THEY are the same animal. Cancellation of a contract and release of deposit is standard contractual forms. You can ALSO release the deposit to the Seller to further solidify a contract. I’ve done this with land sales where we hit certain benchmarks in the contract and release funds to the Seller. This is done at “tentative map” phase of the contract and at the “bonding” process for final map. If you have a long escrow or an escrow where the buyer is selling a relinquished property, you could demand a portion of the deposit be release and be non-refundable. Almost an option payment if you will. Might be a hard dog to hunt in this market but if someone wants something bad enough it is not a bad strategy.
The “Fed” rate has little to do with home purchase loans. When the “Fed” rate was at 1% for a year back in ‘03 the home loan rates ranged between 5.20 to 6.25%. The “Fed” rate will effec tthe HELOC (Home Equity Line of Credit) home loans. They say the “consumer” side will get lower rates when the “Fed” cuts but I think credit cards don’t HAVE any supervision and run amok as they wish!
Here in the Bay Area of Northern California a loan ad is now running on the local radio stations with totally misleading information. The owner of the company breathlessly states the “Fed” has “opened up the flood gates” to new low rates! He talks about getting the “rate of a lifetime”! It’s this hyperbole which got the consumer in hotwater to begin with! He talks of good credit and bad credit in the same voice, boasting he’ll even pay for the appraisal of your property. Bait and switch either way you cut it!! There is NO free lunch. No fees equal higher rates, bad credit will get a woefully bad interest rate. Don’t be duped.
The “bond” market is realy the indicator of where the interest rates are heading. When we have unsure economic data or a national/world wide crisis, money floods into the “bond” market which rallies and hence “dives-down” the 30 year long term home loan. Also, keep your eye on the 10 year treasurey note. This is a bellweather as to where rates are heading. For a great columnist on the subject of credit information and loan fluctuations, check out Lou Barnes. You can google him. Read his “credit news”. He has a very savvy insight into the daily workings of the credit business. His column comes out every Friday. Quit watching the FED!
Proposiion 8, Decline In Market Value
Property tax assessment review process
County property tax assessments may be reduced by meeting the following criteria: Read the rest of this entry »
Three weeks to go in the league races and games with playoff implications…
Three weeks to go in the regular season and the week of the biggest game in Sonoma County this side of Montgomery-Cardinal Newman Read the rest of this entry »
You can feel the sadness in Berkeley from here in Sonoma County as once again the Cal Football Team takes a midseason nosedive.
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Rates as of 10/19/07
Now is a great time to purchase a home or investment property! With so much to choose from, and rates still low! Ask me how to finance your deals!
Today’s rates quoted are a small sample of current rates. Give me a call for more information about different rates, loan products and requirements! (707) 284-2718
Conforming fully amortized interest only
30 year fixed 6.25% 6.50%
3/1 ARM 5.875% 6.125% Read the rest of this entry »
The much needed bye week to get a break from the Niners was an okay week. Will do better…and worse…
WEEK 6: 7- 6 53.8%
SEASON: 57- 32 64.0%
For the first time this season fell behind Yahoo Experts best who had a change in their leaderboard. Their leader some dude named Brandon Funston is 58-31 and has a one game lead… Read the rest of this entry »
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