Archive for April, 2011

Market Update for April 27 2011

March 20, 2011: a day that I will always remember.  I’ll remember it for more than the monsoon-like weather, driving rain, gusty winds and claps of thunder in Los Angeles during the LA Marathon, though.  I’ll remember that day as a day of pride and gratitude: pride in the Beit T’Shuvah Marathon Team that I […]

Social Responsibility: Project Brazil

The Rotaract Club of West Los Angeles recently raised $2000 for a matching grant program through Rotary International for a Brazilian Rotary Club’s efforts to build a physical therapy center for disabled children.  The Rotaract Club meets monthly and welcomes community-service-oriented young adults looking to build fellowship and better the world.  Contact us for more […]

Alternative Programs – Adding Value: ARMs Gain in Popularity

Adjustable rate mortgages (ARMs) are gaining popularity because of their incredibly low initial interest rates.  In her New York Times article “More Borrowers Are Opting for Adjustable-Rate Mortgages,” Lynnley Browning notes that unlike the most dangerous “Option ARMs” of years past, now “lenders are rolling out more conservative ARM products—without the gimmicky extra-low ‘teaser’ rates.”  […]

Pulse on Politics: “Mas Opciones”

According to the California Association of Realtors, Fannie Mae launched “’Las Opciones de los Casas,’ a teleseries. . . to educate [Spanish-speaking] homeowners about their options to avoid foreclosure. . . make informed decisions, and motivate them to seek help.”  Check out Fannie Mae’s website or call us for more information.

04/27 — 30 YR Fixed: 4.625%*

FIXED Mortgage Rate* Points APR* 30 Year 4.625% 1.000 5.143% 15 Year 3.875% 0.875 4.949% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.625% 0.000 4.579% 7/1 LIBOR ARM 4.125% 0.000 5.049% JUMBO LOANS 5/1 LIBOR ARM 3.950% 1.000 4.492% 30 Year 5.500% 1.000 5.990% *(1) Disclosures

04/27 — 15 YR Fixed: 3.875%*

FIXED Mortgage Rate* Points APR* 30 Year 4.625% 1.000 5.143% 15 Year 3.875% 0.875 4.949% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.625% 0.000 4.579% 7/1 LIBOR ARM 4.125% 0.000 5.049% JUMBO LOANS 5/1 LIBOR ARM 3.950% 1.000 4.492% 30 Year 5.500% 1.000 5.990% *(1) Disclosures

04/27 — 5/1 ARM: 3.625%*

FIXED Mortgage Rate* Points APR* 30 Year 4.625% 1.000 5.143% 15 Year 3.875% 0.875 4.949% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.625% 0.000 4.579% 7/1 LIBOR ARM 4.125% 0.000 5.049% JUMBO LOANS 5/1 LIBOR ARM 3.950% 1.000 4.492% 30 Year 5.500% 1.000 5.990% *(1) Disclosures

04/27 — 7/1 ARM: 4.125%*

FIXED Mortgage Rate* Points APR* 30 Year 4.625% 1.000 5.143% 15 Year 3.875% 0.875 4.949% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.625% 0.000 4.579% 7/1 LIBOR ARM 4.125% 0.000 5.049% JUMBO LOANS 5/1 LIBOR ARM 3.950% 1.000 4.492% 30 Year 5.500% 1.000 5.990% *(1) Disclosures

04/19 — 30 YR Fixed: 4.625%*

FIXED Mortgage Rate* Points APR* 30 Year 4.625% 1.000 5.143% 15 Year 3.750% 1.000 4.371% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.750% 0.875 4.299% 7/1 LIBOR ARM 4.125% 0.875 4.660% JUMBO LOANS 5/1 LIBOR ARM 3.950% 1.000 4.492% 30 Year 5.500% 1.000 5.990% *(1) Disclosures

04/19 — 15 YR Fixed: 3.750%*

FIXED Mortgage Rate* Points APR* 30 Year 4.625% 1.000 5.143% 15 Year 3.750% 1.000 4.371% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.750% 0.875 4.299% 7/1 LIBOR ARM 4.125% 0.875 4.660% JUMBO LOANS 5/1 LIBOR ARM 3.950% 1.000 4.492% 30 Year 5.500% 1.000 5.990% *(1) Disclosures