Mike’s Real Estate Show

Figures the Niners are starting to actually look like a team and only three weeks left in another playoff less season.  Oh IF they could of won that game at Arizona.  Yes I know IF the biggest word in the world.  Read the rest of this entry »

We had Kathy of Santa Rosa correctly calll in and identify the the neighbor as “Bupkis” and his dogs–Blood Hounds! They were the bane of Ralphie’s Father! He had some very blue language when he spoke to his neighbor regarding the dogs constant off-lease activities. This activity resulted in the biggest Xmas Day atrocity to strike the family and espeically his Father’s most relished feast! The following scene after the dinner debacle takes place in a Chineese Restaurant! A be-heading takes place in this scene along with some distorted Holiday melodies!

Here are some more questions to consider for next week and this month. We are going to be drawing one lucky winner at the end of the month and they will recieve a “Major Award”!!

1. What was Ralphie and his Dad doing when Ralphie uttered the infamous “F” bomb!?
2. Where did Ralphies little brother hide all the time?
3. What did his Mom drop in his Dad’s lap on Xmas morning?
4. What WAS the major award–be very specific on this one!
5. What was the neighbor’s name?
6. What type of dogs did he own and what did they do that was so horrific on Xmas day!
7. What song did the Chineese servers sing to the family?
8. What was served and what was removed at the table?
9. What was the name of the gift Ralphie so coveted-be specific!
10. Lastly–what was pink,fuzzy, and made Ralphie sweat?
    

To all of you Xmas Story junkies and junkettes, below find a link to the original movie review done back in 1983 by Siskel and Ebert. Great stuff!

http://www.youtube.com/watch?v=fZusqBw-Vu4&feature=related

Prospect Mortgage , a “Direct Lender”                                      
   We now know what the new conforming loan limit will be for Sonoma county for 2009 . . . .its $520,950, up from $419,000.

• Nov. job report was released today showing some of the worst numbers in decades.
• Non-farm payrolls dropped 533,000 last month and was only the fourth time in 58 yrs that our economy lost over 500,000 jobs. 
• The unemployment rate ticked to 6.7%, the highest since Oct of 1993.
• Some talk of the government mandating FNMA and FHLMC buying more mortgage backed securites from lenders such as ourselves!
• Due to all of the above rates to 4.5% or 4.75% distinctly possible but so far , just “talk”  still a great time to be a “buyer “!
• Thank heaven for FHA loans with their flexibility in underwriting guidelines  . . .  they are about ½  of all the transactions going on .
      
  Email Pete.Phillippe@prospectmtg.com Cell 707-481-2737 Fax: 707-535-1263 direct
• Up to $417,000  30 yr fixed is 5% at 1 pt  or 5.375% 0pts
• 15 yr 4.625 1 pt , to $417,000%
• Up to $662,250  30 yr fixed  is 5.625% 1 pt or 6.125% 0pts                                                                                                                                                                              
• FHA 30yr fixed 5.5%  1  pt  to $362,790  up to 97% LTV’s
• FHA to $662,500, now 6.75% 1pt  30 yr fixed ,  still to 97%

Prime rate 4.%     1 yr t-bill  .60%      1 yr Libor  2.69%    1 month Libor 1.861%

APRs not calculated, full doc examples with 720 fico scores( lower ficos with FHA  to 600)  . . . 30 day locks shown on rates. Stated income, 40 yr terms, interest only loans, available  . . . Rates and points can change depending upon loan to value, credit scores and purpose of loan. Equal Opportunity Lender, rates and programs subject to change

The news off the field between is dominating…between players shooting themselves to drug suspensions…courts getting involved…Not pretty.
 
Pretty picks here though coming off the best week of the year picking wise—afraid—very afraid to move on….
 
LAST WEEK:    12-  4    75.0%
SEASON:        114-78    59.4% Read the rest of this entry »