Thursday, August 24, 2006

Mortgage Rates Drop For 5th Week

BankRate.com reported a drop in 30 year fixed-rate mortgages for the 5th consecutive week.


Interest rates are now at the lowest point they have been since the end of March.

One year ago, the mortgage index was 5.86 percent; four weeks ago, it was 6.77 percent. And this week it is 6.48 percent.

The gap between fixed-rate and adjustable-rate mortgages is narrowing which means it might be a good time to refinance for many homeowners.

The lower rates also means it is a good time to buy a home. For information on how the lower interest rates effect your buying power, contact us or visit our website. Here you can view all Orange County real estate listings.

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Thursday, August 17, 2006

San Clemente Real Estate Podcast

August Real Estate Podcast

The August San Clemente Real Estate Podcast is now ready for your listening pleasure. This month we discuss Orange County's current market activity. As well as, the biggest mistakes buyers make when buying a home and how to avoid them.

If you are in the market to buy or sell a home in Orange County, visit our website. Here you can view all real estate listings, get the current market value of your home and more.

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Thursday, August 10, 2006

Foreclosures Increase 10%

The number U.S. homes going into foreclosure in July increased 10% compared to July 2005, according to Foreclosure.com. There were 28,132 foreclosures in July nationwide.

California declined from the previous month. 376 California homes went into foreclosure in July reflecting a 41% decrease from June's numbers.
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If you are thinking of buying or selling a home in Orange County, visit our website. Here you can view all real estate listings, get the current market value of your home, free reports and more!

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Thursday, August 03, 2006

Chamber Members Resign

A total of seven board memebers of the Dana Point Chamber of Commerce have resigned in the last few months. There are concerns as to the direction the organization is taking including the "closed door" board meeting policy.

Tensions rose when a group of seven chamber members approached the board in April during a meeting to voice concerns about how the organization was being run, but were shut out of the meeting.

In response to the concerns, a group called "Members 4 Chamber Change" recently formed.
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Thinking of buying or selling a home in Dana Point or other any other Sourth Orange County community? Visit our website to view all real estate listings, get the current market value of your home, free reports and more.

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