Rates in Basement and Stay There

Posted on by integrityrealestateservices

Mortgage rates sagged this week as ongoing concerns about the European debt crisis had investors fleeing to the relative safety of mortgage-backed securities that fund most U.S. home loans.
Rates on 30-year fixed-rate mortgages averaged 4 percent with an average 0.7 point for the week ending Nov. 3, down from 4.1 percent last week, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey.
At this time a year ago, rates on 30-year fixed-rate mortgages averaged 4.24 percent before climbing to a 2011 high of 5.05 percent in February. Rates on the “plain vanilla” fixed-rate loan hit an all-time low in records dating to 1971 of 3.94 percent during the week ending Oct. 6.
Rates on 15-year fixed-rate mortgages averaged 3.31 percent with an average 0.7 point, down from 3.38 percent last week. The 15-year fixed-rate loan averaged 3.63 percent at this time last year before climbing to a 2011 high of 4.29 percent in February.
The 15-year loan, a popular refinancing option, hit an all-time low, in records dating to 1991, of 3.26 percent during the week ending Oct. 6.
Rates on five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans averaged 2.96 percent with an average 0.6 point, down from 3.08 percent last week.
The five-year ARM averaged 3.39 percent a year ago before hitting a 2011 high of 3.92 percent in February. Rates on five-year ARMs tied an all-time low, in records dating to 2005, of 2.96 percent — last seen during the week ending Oct. 6.
For one-year Treasury-indexed ARM loans, rates averaged 2.88 percent with an average 0.6 point, down from an average 2.9 percent last week. At this time last year, the one-year ARM averaged 3.26 percent before climbing to a 2011 high of 3.4 percent in February.
Rates on one-year ARM loans hit a low, in records dating to 1984, of 2.81 percent during the week ending Sept. 15.
Looking back a week, a separate survey by the Mortgage Bankers Association showed a modest increase in demand for purchase mortgages.
The MBA’s Weekly Mortgage Applications Survey showed requests for purchase loans were up a seasonally adjusted 1.8 percent from the previous week, ending Oct. 28. Demand for purchase loans was down 2.1 percent from a year ago, and requests to refinance accounted for 77.1 percent of all mortgage applications.
In an Oct. 17 forecast, economists at Fannie Mae said they expect rates on 30-year fixed-rate mortgage loans to average 4 percent next year and 4.2 percent in 2013.

Thanks
The Mehl Team

Think About This

Posted on by integrityrealestateservices

Before You Get Looking Think About These Things That We Help You With:

•Assure that you see all the properties in the area that meet your criteria with our FREE web site.
•We guide you through the entire home or business buying or leasing process, from finding homes or properties to look at, to getting the best pricing and financing.
•Make sure you don’t pay too much for your new home or business and help you avoid costly mistakes.
•Answer all of your questions about the local market area, including schools, neighborhoods, the local economy, and much more.

Before You Start Looking For Your New Home or Business:

•Check your credit rating. Straighten out any errors before its too late.
•Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment.
•Find a loan program that meets your needs and get pre-qualified (preferably pre-approved).
•Choose a REALTOR® that you trust and who understands your needs.
•Determine what neighborhood best matches your needs.
•Identify important features you need your new home to have.

Closing Costs to Expect:

•Lender fees include charges for loan processing, underwriting, preparation and establishing an escrow account.
•Third-party fees include charges for insurance, title search, and other inspections such as termites.
•Government fees include deed recording and state & local mortgage taxes.
•Escrow and interest fees include homeowner’s insurance, loan interest, real estate taxes, and occasionally private mortgage insurance.
We can help negociate for some of these fees so you don’t have to pay them all!!!

Find out how much your closing costs could be.
All of these and more can be answered on our web site and is critical to your success!!

The Best Real Estate in The World

Posted on by integrityrealestateservices

Dream Big
Many would argue that the “OC” is home to the Greatest Real Estate and People in the world.
Great Real Estate is defined by you , the people all around the world when ask “If you could pick any place you wanted to live, where would you pick”? And the response of most people is “So Cal Baby”.
But when ask what part of the So Cal? The answer is always one or two of four “Beverly Hills, Hollywood. The “OC” or San Diego”.
To own real estate and a business in So Cal is absolutely a Dream Come True for many people around the world.
One of the Big Keys and also a very big question is “How can I do that”?
The answer is very simple, finding the answer is the tough part.

The answer is finding the right career that pays you what you need to live in one of the most beautiful places in the world.
Finding that career and position is a whole other animal.
So many of us here forget how blessed we are to live in such a great country, let alone in the So Cal, the greatest place in the greatest country!!!

First, no matter who you are or where you are
“Dream and Dream Big”!
Dreams do come true!
The people that say dreams don’t come true don’t dream!

Then surround yourself with the people that can help you accomplish those dreams.
People that live the dream and that have integrity and the knowledge that it takes to get you where you want to go.
The Integrity Real Estate Team is the right team for you.
Our team has the business knowledge and experiences, the real estate knowledge and experiences, the integrity that you can trust and most of all; we have dreamed The “Big Dream” and have Accomplished some of our “Big Dreams”

Next Part Coming Soon!

Hello world!

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