Monthly Archives: October 2008

South Bay and Palos Verdes Quarterly Market Update

The mortgage meltdown and huge volatility in the stock markets (the Dow down 2,400 points in one week, then up nearly 1,000 points today ) has obviously had a significant impact on the sale of homes. The average price per … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

Mortgage Information

  BUYERS AND SELLERS TAKE HEART! There is financing available for well qualified buyers due to the Federal Reserve’s aggressive action in taking over Fannie Mae and Freddie Mac loans. Many buyers may have been severely affected by the drop … Continue reading

Posted in Uncategorized | Tagged | Leave a comment

Interest Rate Update

Mortgage rates have come down a bit from last week, as this chart from bankrate.com demonstrates: Mortgage Type           TODAY +/- LAST WEEK 30 yr fixed mtg 5.80% 5.91% 15 yr fixed mtg 5.52% 5.62% 5/1 ARM 5.82% 5.94% 5/1 … Continue reading

Posted in Uncategorized | Tagged | Leave a comment