During the short Thanksgiving week, turmoil in Korea had the greatest impact on mortgage rates. A wide range of economic data was released ahead of the holiday, but overall it was roughly neutral for mortgage rates, which ended the week slightly higher. An attack by North Korea on a South Korean
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11/24/2010
6260 Caminito Telmo, San Diego CA 92111 List Price: $325,000 Recently Remodeled 'Turn-Key' Townhome! Updated kitchen with Solid Surface countertops, Newer cabinets and appliances. 18 tile flooring and scraped ceilings throughout living areas. This 3 bedroom 2 bath townhome style home features f
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11/22/2010
2326 Newport Avenue, Cardiff By The Sea CA 92007 List Price: $1,395,000 The ultimate ready to move in Beach Pad in Cardiff By The Sea, California, with all upgrades complete. Great vacation home or live full time at the beach. Walk to surf, restaurants, and entertainment. Some ocean view from
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11/22/2010
914 Alyssum Road, Carlsbad CA 92011 Lovely single story home in Carlsbad's Vista Pacifica neighborhood! Just about a mile to the beach and a quick trip to the Poinsettia Village shopping center. Nicely manicured private backyard with a pebble patio. The front yard is maintained by the HOA. The 2
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11/19/2010
When it comes to buying a home, consumers can no longer shop for a mortgage based simply on lowest interest rate quotes. Today's home buyer needs good advice from an experienced, educated mortgage professional who has the consumer's best interest in mind. For consumers, this means beware of anyon
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11/19/2010
If you have gone to the FHA condo approval site this week, you would have seen that condo complexes that have approvals expiring on 12/07/2010 now have a notation below the date: nearing expiration. This is of course a concern for anyone hoping to open escrow on such a property, or for anyone th
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11/10/2010
It has almost been a week since the Federal Open Market Committee (FOMC) came out with its $600 billion bond buying program. Remember that the FOMC is the committee that makes key decisions about interest rates and the growth of the United States money supply. How exactly will their new plan wor
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11/09/2010
As expected, a week packed with major economic events produced a great deal of daily volatility in mortgage rates: The Fed's announcement was positive for mortgage rates The Employment report was negative Election results were neutral. In the end, mortgage rates finished the week a little lower,
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11/05/2010
San Diego is entering the fire season again. Hopefully we will not see a repeat of the 2007 fires that torched thousands of acres and burned hundreds of homes. I was fortunate that the fire was stopped about a mile from my home, but I still had to evacuate - not too much fun with a then 1 year
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11/02/2010
As we all know, conventional loan amounts up $417,000 are considered conforming loans. Prior to just over two years ago, loan amounts greater than $417,000 were considered non-conforming or Jumbo loans. These higher balance loans typically carried higher rates, sometimes as much as 2% higher.
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11/01/2010
