For the latest on what's happening in the Orange County real estate market, watch my Market Update Video & feel free to share it with your buyers, sellers & those in your office.  With the major banks & in-house lenders struggling in today's real estate market, it's time to put me on your list for your next buyer. As a Mortgage Broker with 20 year of experience, I have access to great investors with amazing rates.  Your buyers need be working with a mortgage expert who knows how to get their loans APPROVED!!  Call me at 949-689-LOAN (5626).

 

As Buyers continue to take advantage of this amazing real estate market, recent tighter guidelines have made transactions more complicated than ever before.  Knowledge, ingenuity and experience are a must when it comes to your choice of a lender!  With all of the craziness that we're facing on a daily basis, it's so important to be working with an experienced Mortgage Broker!  Whether your clients are looking for a Conforming, Conforming Jumbo, or an FHA/VA loan, I can offer your buyers the flexibility and diversity of loan programs and extremely competitive rates that a direct lender can not offer.  Call me any time at:  949-689-5626.



 
May 2010 Calif.
Foreclosure Report

To keep your Buyers & Sellers keenly aware of what is affecting our market... it's important that you have a detailed look at the Foreclosure Radar: 
 
 


 


For a complete breakdown for what is in store for our mortgage rates, be sure to take a look below for a detailed analysis of next week's economic schedule, or check this link to my Complete Economic Calendar.  As you head into the weekend be sure to print out my latest mortgage rates at:  Weekend Rate Sheet, as I update this sheet each week, for you to have at your Open Houses, and meetings with new buyers.

 



If you are meeting with any new buyers this weekend, I will be working, so have them give me a call at 949-689-LOAN (5626), so I can help them with their loan.  I would love making the approval process extremely quick and painless for them.  You can either call me to have me give them a call, or feel free to have them call me directly at  949-689-LOAN (5626).  For any of your more technically savvy buyers, you can always send them to my "On-line" Quick Application at: Mike's On-Line Quick Application. They seem to like doing the applications on-line. 
 
Be sure to check out all of the other tools that I have available, on my website, to help your buyers at:  www.MikeMunzing.com.  This site is continually being updated with detailed and timely information to help you to succeed with your Buyers and Sellers.  My goal is to give Orange County's Top Realtors a great site to link to their personal sites.  As a Mortgage Broker, based in Central Orange County, I have all of the resources, flexibility & experience to be the best choice for your Buyers! 

     
 
     
   

Friday’s bond market has opened down slightly with no relevant data to drive trading. The stock markets are mixed with the Dow up 24 points and the Nasdaq down 3 points. The bond market is currently down 3/32, but due to yesterday’s late strength we should see an improvement of approximately .125 of a discount point in this morning’s mortgage rates.

There is no relevant economic data scheduled for release today, leaving the stock markets to influence bond trading and mortgage pricing. With an uneventful morning in stocks, the bond market has followed suit for the most part. If the major stock indexes remain near current levels throughout the day, mortgage rates should do the same.

Next week is fairly busy with quite a few relevant economic reports scheduled. There is monthly or quarterly data being posted every day except one, including Monday when we get the sister release of yesterday’s housing report. The only data Monday is June’s New Home Sales that tracks the remaining 15% of housing transactions that yesterday’s Existing Home Sales report did not. However, it is next week’s least important data.

The rest of the week’s releases include measurements of consumer confidence, manufacturing sector strength and employer costs for wages and benefits in addition to the Fed Beige Book that tracks economic conditions by Fed regions and two relevant Treasury auctions. The big news will be the initial reading on the 2nd Quarter Gross Domestic Product (GDP), but look for more details on next week’s events in Sunday’s weekly preview.
 

2010 CONFORMING LOAN LIMITS

Single Family

$ 417,000

Triplex

$ 645,300

Duplex

$ 533,850

Four-plex

$ 801,950


As for this weekend, be sure to print out my current Weekend Rate Sheet  for your open houses, and  please give me a call at 949-689-LOAN (5626) if you have any questions, a new buyer, or if you have any suggestions for additional information on my web site.  Also, please feel free to link my site to your own personal web site, as my 20+ years in the industry and my technical experience, helps me work well with the most meticulous Engineer, and the "Low Tech" blue-collar home buyer. My job is to get all of your buyers the best loan that will help them achieve their goals and dreams.