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.



 
Dec 09 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 up slightly despite an upward revision to the 4th Quarter GDP reading. The stock markets are in negative ground with the Dow down 26 points and the Nasdaq down 3 points. The bond market is currently up 3/32, but I don’t think we will see much of a change in this morning’s mortgage rates, possibly a slight improvement.

This morning’s GDP revision for the 4th quarter came in a little higher or stronger than last month’s previous estimate of 5.7%. Today’s release showed a 5.9% rate of growth, meaning economic activity was stronger than many had thought. This headline number is bad news for bonds and mortgage rates because a strengthening economy raises inflation concerns and make bonds less appealing to investors. However, a relatively important inflation reading within the data was revised lower than previously thought. That has helped to keep bonds in positive ground during early trading.

The second report of the morning came from the University of Michigan who updated their Index of Consumer Sentiment for February. They announced a reading of 73.6 that was close to forecasts. It is a slight decline from the previous estimate but I don’t believe this small change will affect mortgage pricing today.

Also posted this morning was January’s Existing Home Sales data from the National Association of Realtors. They reported a 7.2% decline in home resales last month when a small increase was expected. This dropped sales to their lowest level since last summer, indicating that the housing sector still has some hurdles to tackle. This can be considered favorable news for bonds, but the data usually does not heavily influence trading or mortgage rates.

Next week is looking to be pretty active with several important economic reports scheduled for release. There is relevant data being posted four out of the five days, with a couple of them having multiple releases scheduled. Monday does bring us the release of some important data with January’s Personal Income and Outlays report and February’s ISM manufacturing index both scheduled. Income and spending are bother expected to rise, but the ISM index is likely to show that manufacturer sentiment slipped this month. 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.