Silicon Valley Realtor

TurnKey Mortgage: Market Commentary (#siliconvalley #mortgage @DavidSetti #realestate #kwri)

Mortgage Rates:

Loan Amount < $417k

Conv 30yr Fixed - 3.75%
FHA 30 yr Fixed - 3.75%

Loan Amount > $417k and < $625,500

Conv 30yr Fixed - 4.00%
FHA 30 yr Fixed - 4.00%

Market Commentary:

As the first trading day of 2012 gets under way, activity in the mortgage market is thin and sporadic.  Mortgage investors are trying to balance tentative signs of improvement in the U.S. economy with the cloud of uncertainty hanging over the euro zone crisis and rising tensions in the Middle East.

Mortgage interest rates may get bounced around a little as mortgage investors begin the New Year, but it should settle quickly as it becomes increasingly evident Europe’s debt crisis is going to weigh heavily on business growth here at home.  A slowdown in economic growth reduces the demand for capital, which in-turn,  generally results in steady to fractionally lower interest rates.

No significant changes in interest rates this week.

Sponsored By:

 

David Setti
TurnKey Mortgage Solutions
408.377.8876
dave@turnkeyms.com
http://davidsetti.com
 
DRE#03129941 | NMLS #225953

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You can search the MLS FOR FREE by clicking here.

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TurnKey Mortgage: Market Commentary (#siliconvalley #mortgage @DavidSetti #realestate #kwri)

Mortgage Rates:

Loan Amount < $417k

Conv 30yr Fixed - 3.75%
FHA 30 yr Fixed - 3.75%

Loan Amount > $417k and < $625,500

Conv 30yr Fixed - 4.00%
FHA 30 yr Fixed - 4.00%

 

Market Commentary:

Uncle Sam will be in the credit markets looking to borrow $66 billion in a three-part auction.  The final gavel will fall at 1:00 p.m. ET for each of these auctions.

The direct influence of the European financial crisis will likely remain supportive of sideways to perhaps fractionally lower trending mortgage interest rates here, in the United States, well into the New Year.

No significant changes in interest rates this week.

Sponsored By:

 

David Setti
TurnKey Mortgage Solutions
408.377.8876
dave@turnkeyms.com
http://davidsetti.com
 
DRE#03129941 | NMLS #225953

========================================================================================

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Contact Louis Stone-Collonge for answers to all your real estate questions.  Contact Louis Stone-Collonge at 408 348 4026 or via email lstonecollonge@kwsv.com.

You can search the MLS FOR FREE by clicking here.

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Blog: http://stonecollonge.typepad.com

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Yahoo!: stonecollonge



TurnKey Mortgage: Market Commentary (#siliconvalley #mortgage @DavidSetti #realestate #kwri)

Mortgage Rates:

Loan Amount < $417k

Conv 30yr Fixed - 3.75%
FHA 30 yr Fixed - 3.875%

Loan Amount > $417k and < $625,500

Conv 30yr Fixed - 4.00%
FHA 30 yr Fixed - 4.00%

 

Market Commentary:

Attention remains fixed on rumors and news reports surrounding a major summit of European financial leaders to be held on Thursday and Friday of this week. Tension in the global investor community is extremely high and liquidity is declining as year-end approaches – when combined, these conditions ramp up the potential of a period of unpredictable mortgage interest rate movement. 

Rates are slightly better this week from last week.

Sponsored By:

 

David Setti
TurnKey Mortgage Solutions
408.377.8876
dave@turnkeyms.com
http://davidsetti.com
 
DRE#03129941 | NMLS #225953

========================================================================================

Tweet

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Contact Louis Stone-Collonge for answers to all your real estate questions.  Contact Louis Stone-Collonge at 408 348 4026 or via email lstonecollonge@kwsv.com.

You can search the MLS FOR FREE by clicking here.

Web: http://www.stonecollonge.com

Blog: http://stonecollonge.typepad.com

Twitter: http://www.twitter.com/stonecollonge

Facebook: http://www.facebook.com/louisrealtor

Yahoo!: stonecollonge



TurnKey Mortgage: Market Commentary (#siliconvalley #mortgage @DavidSetti #realestate #kwri)

Mortgage Rates:

Loan Amount < $417k

Conv 30yr Fixed - 3.875%
FHA 30 yr Fixed - 4.00%

Loan Amount > $417k and < $625,500

Conv 30yr Fixed - 4.125%
FHA 30 yr Fixed - 4.00%

Market Commentary:

Mortgage investors nudged rates higher this morning due to a trio of suspected reasons including record Black Friday sales, a rumored 600 billion euro International Monetary Fund rescue plan for Italy, and talk Germany is willing to issue a common European bond with Italy.

News from the Commerce Department indicated the pace of October New Home Sales posted its best performance in five months which took a little glimmer off of investors’ willingness to push mortgage rates meaningfully lower.  The 1.3% month-over-month gain for the headline number together with other details including the 8.9% year-over-year gain for new home sales created a flicker of hope suggesting the housing sector may be finally establishing a long awaited bottom.

Slight increase in rates compared to last week's report.

Sponsored By:

 

David Setti
TurnKey Mortgage Solutions
408.377.8876
dave@turnkeyms.com
http://davidsetti.com
 
DRE#03129941 | NMLS #225953

========================================================================================

Tweet

Shameless Self Promotion

Contact Louis Stone-Collonge for answers to all your real estate questions.  Contact Louis Stone-Collonge at 408 348 4026 or via email lstonecollonge@kwsv.com.

You can search the MLS FOR FREE by clicking here.

Web: http://www.stonecollonge.com

Blog: http://stonecollonge.typepad.com

Twitter: http://www.twitter.com/stonecollonge

Facebook: http://www.facebook.com/louisrealtor

Yahoo!: stonecollonge



Vendor of the Week: Phalanx Plumbing (#plumbing #siliconvalley)

Everyone needs a great plumber's number--just in case.

 

There is nothing worse than having a plumbing issue and being forced to search the yellow pages or online in a panic. You have a messy problem and you just want it taken care of right then--with the least amount of drama possible.

 

Well, rest easy, I have the perfect solution for you. Phalanx Plumbing is the name you want to remember.

 

Phalanx is a fully licensed plumbing company designed to help you, the residential customer, with your problem. They bid fast and get the work done fast.

 

Need your plumbing repaired? Call Phalanx Plumbing today.

 

Need to convert your stove to natural gas? Call Phalanx Plumbing today.

 

Need to upgrade to copper pipes? Call Phalanx Plumbing today.

Phalanx Plumbing are also licensed general contractors so they can take care of that bathroom upgrade/remodel from start to finish; making your life that much easi

Phalanx Plumbing
(408) 899-6931

========================================================================================

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Contact Louis Stone-Collonge for answers to all your real estate questions.  Contact Louis Stone-Collonge at 408 348 4026 or via email lstonecollonge@kwsv.com.

You can search the MLS FOR FREE by clicking here.

Web: http://www.stonecollonge.com

Blog: http://stonecollonge.typepad.com

Twitter: http://www.twitter.com/stonecollonge

Facebook: http://www.facebook.com/louisrealtor

Yahoo!: stonecollonge



Referral of the Week: Susan Mix (#Reflexology )

I love alternative health practitioners. I am not one of those who disparage traditional medical practitioners; I just like having options that are not filled with unnecessary side-effects.

 

One of my favorite alternative health practitioners is Susan Mix. She is a Certified Ingham Method® Reflexologist with an amazing sense of decency and a deep commitment to helping others.

 

Reflexology is a GREAT alternative for people who prefer NOT to work with needles.

 

Reflexology is also one of those cool treatments that can help with (among other things):

* Stress

* Insomnia

* Pain

* Cancer therapy side-effects

* Depression

* Migraine

 

Reflexology is NOT massage therapy; it is an amazing methodology for healing without side-effects.

 

Susan also looks forward to networking with other, like minded, wholistic practitioners.

 

You can find Susan Mix online at http://www.susanmix.com/ and on Facebook at http://www.facebook.com/MixReflexology.

 

========================================================================================

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Contact Louis Stone-Collonge for answers to all your real estate questions.  Contact Louis Stone-Collonge at 408 348 4026 or via email lstonecollonge@kwsv.com.

You can search the MLS FOR FREE by clicking here.

Web: http://www.stonecollonge.com

Blog: http://stonecollonge.typepad.com

Twitter: http://www.twitter.com/stonecollonge

Facebook: http://www.facebook.com/louisrealtor

Yahoo!: stonecollonge



Interesting 1031 Opportunity (#investments #1031)

I was speaking with a financial advisor partner of mine the other day and learned something very exciting. The name my partner is Xiomara Vielman and she works with NEXT Financial Group; you are going to want to write that name down and save it.

 

In addition to being an outstanding financial advisor/financial planner, Xiomara also offers an interesting 1031 Exchange opportunity.

 

What she can do is facilitate a 1031 Exchange from real property (residential or commercial real estate) into oil and gas limited partnerships. These are fantastic investments that can produce 12% cash on cash returns.

 

There are a number of restrictions to these investments. One needs to meet certain net worth requirements and have substantial income to qualify for these opportunities.

 

For those who want a great cash on cash return without the head ache of tenants, this might be just the ticket.

 

You can reach Xiomara Vielman via email at: XVielman@nextfinancial.com (tell her Louis suggested you contact her today).

 

========================================================================================

Tweet

Shameless Self Promotion

Contact Louis Stone-Collonge for answers to all your real estate questions.  Contact Louis Stone-Collonge at 408 348 4026 or via email lstonecollonge@kwsv.com.

You can search the MLS FOR FREE by clicking here.

Web: http://www.stonecollonge.com

Blog: http://stonecollonge.typepad.com

Twitter: http://www.twitter.com/stonecollonge

Facebook: http://www.facebook.com/louisrealtor

Yahoo!: stonecollonge



Tweep of the Week: @bobburg

I have been raving about Bob Burg, for the past year, to whom ever would listen. He is the author of several books on networking and leadership. 

My favorites are "The Go-Giver", "Go-Givers Sell More" and "Its Not About You." These are fantastic books on sales and leadership that are short, easy to read and, life changing

 

The fantastic thing about Bob Burg on Twitter is how accessible he is to everyone. He takes absolute delight in interacting with his readers. There are a LOT of authors and speakers on social media who are just spamming; who are NON-interactive. Bob is very participatory. He is an example of how to do it right.

 

And, he is a nice guy too. He is our Tweep of the Week.

 

Bob Burg on the web @ http://www.burg.com/

Bob Burg on Facebook @ http://www.facebook.com/burgbob

========================================================================================

Tweet

Shameless Self Promotion

Contact Louis Stone-Collonge for answers to all your real estate questions.  Contact Louis Stone-Collonge at 408 348 4026 or via email lstonecollonge@kwsv.com.

You can search the MLS FOR FREE by clicking here.

Web: http://www.stonecollonge.com

Blog: http://stonecollonge.typepad.com

Twitter: http://www.twitter.com/stonecollonge

Facebook: http://www.facebook.com/louisrealtor

Yahoo!: stonecollonge



When is the right time to buy real estate? (#kwri #siliconvalley #realestate)



Gary Keller, the founder of Keller Williams Realty, says that its “always a good time to buy good real estate.”

When thinking about the right time to buy a home or invest in real estate, Gary is right.  Now is always the right time.

But, I want to take that statement and expand on its meaning.  Yes, it is always a good time to buy good real estate. 

It does not matter if the market is up or down.  When buying a home, we are buying for the long term.  We expect to see several market cycles during the time we on the home.

What matters most is the deal itself and whether or not the purchase is in line with your long term goals.

If the price makes sense for the current market conditions, if the costs are supportable with your current income/finances and, if the purchase is in line with your long term goals, then it is the right time to buy.

There are always other emotional issues floating around in our heads around money and risk.  That is as it should be; that means you’re normal.  Always act in line the paragraph above and you will be just fine.

TurnKey Mortgage: Market Commentary (#siliconvalley #mortgage @DavidSetti #realestate #kwri)

Mortgage Rates:

Loan Amount < $417k

Conv 30yr Fixed - 4%
FHA 30 yr Fixed - 4%

Loan Amount > $417k and < $625,500

Conv 30yr Fixed - 4.375%
FHA 30 yr Fixed - 4.25%

 

Market Commentary:

The coming week promises to be another volatile period of trading in the mortgage market. The leaders of euro-zone countries promised on Sunday to unveil a new and comprehensive package for solving the euro zone’s debt crisis by the end of the coming week, but have offered no details on exactly how they plan to pull that particularly rabbit-out-of-the-hat.

If the market percieves a viable euro-zone rescue strategy has been developed mortgage rates will receive upward pressure once again.

On the other hand, if a plan is not presented – or if the plan is deemed to be another in a long line of “too-little-too late” measures -- support for the prospects of steady to lower mortgage interest ahead will brighten considerably.

It is too close to call. Keep a lookout for euro news to see which way the market is heading.

Sponsored By:

 

David Setti
TurnKey Mortgage Solutions
408.377.8876
dave@turnkeyms.com
http://davidsetti.com
 
DRE#03129941 | NMLS #225953

========================================================================================

Tweet

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Contact Louis Stone-Collonge for answers to all your real estate questions.  Contact Louis Stone-Collonge at 408 348 4026 or via email lstonecollonge@kwsv.com.

You can search the MLS FOR FREE by clicking here.

Web: http://www.stonecollonge.com

Blog: http://stonecollonge.typepad.com

Twitter: http://www.twitter.com/stonecollonge

Facebook: http://www.facebook.com/louisrealtor

Yahoo!: stonecollonge