Kirk Mulhearn's (kirkmulhearn) Blog

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Real Estate Broker/Owner - Prudential California Realty/Gem Mortgage
RECENT BLOG POSTS
 New post »Full posts Pages: 1 2 Next Long Beach, CA.  Although the crowds were cold in Washington DC for the inauguration, the stock market was even colder!  Equity markets are trying to recover from yesterday's worst inaugural stock market performance. Stock market has opened on the positive s...
01/21/2009
Long Beach, Ca. Real Estate Broker gives Free Short Sale Seminar Long Beach, CA. Currently 55% of all sales closing in Los Angeles County ar distressed properties.  This is no longer a market where agents and clients alike can avoid the current trend.  Therefore;  Prudential California Realty, Mu...
01/17/2009
Long Beach, Ca.   Many home buyers are concerned about how long they have to be on their job before they purchase a home.  Generally speaking, it is required that you work for at least two years in the save line of work.  That does not mean, two years at the same job, just two years in the same l...
01/14/2009
Tue Jan 13, 2009 @ 9:25 am by kmulhearn Visibility: PublishedType: Post   Priority: 3     No viewsCategories: Real Estate News Long Beach Mortgage Report: Bernanke endorses Obama's Stimulus Plan Long Beach, Ca.  An endorsement from the FED Chairman Ben Bernanke of the latest economic stimulus pa...
01/13/2009
Long Beach, Ca.  Equity market is retreating today on earnings concerns and lower oil prices. Bond market is negative this morning as well and is down .125% in price from Friday's close. The artificial bond market now is dependent upon when the FED is buying mortgaged backed bonds.  $10 billion d...
01/12/2009
Long Beach, CA.   Despite all of the hoopla in Washington D.C. and Wall Street about how much the TARP money was necessary to keep the United States of America solvent by reinfusing liquidity into the markets, itis now obvious that the Paulson Plan is a total failure.  The facts are that Paulson ...
01/10/2009
Long Beach, Ca. 30 Year interests rate are low, we are consistantly locking interest rates below 5% for 30 year fixed mortgages.  There has been a recent buzz and flurry of loan applications from home owners attempting to advantage of current interest rates in Southern California Unemployment rat...
01/09/2009
Long Beach, Ca.  After President-elect Obama's aggressive speech about how the government needs to intervene quickly before the United States slips into a tail spin that, "we may not recover from," and begins to detail the multi-trillion dollar bailout plan that he plans to implement, one begins ...
01/08/2009
Long Beach, CA.  We are very concerned about this development for future mortgage pricing.  In what appears to be a reversal in position for the banking industry, Citigroup Inc. is in talks with lenders regarding legislation to permit mortgage restructuring in bankruptcy court. The industry previ...
01/08/2009
Long Beach, CA.  Will 2009 bring economic collapse or will markets begin to mend? Two reliable predictors give hope. First, the spread between LIBOR and Treasury yields, which measures global risk. The spread ended the year tighter than when it began, and far tighter than the extreme levels of la...
01/07/2009
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Kirk Mulhearn

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