Latest Rates for So Ca Real Estate

The stock market continues on a rally which is taking investors away from the bond market causing our rates to increase. They are still very low but up from a couple of weeks ago.

Conforming 30 Year Fixed (up to $417,000) is at 3.99% at 1 Point and 4.25% at Zero, High Balance ($417,000 to $625,500) is at 4.25% at one point and 4.5% at zero and Jumbo (over $625,500) is at 4.875% at 1 Point. FHA is at 3.75% at no points up to $417,000 and 4% for the High Balance.

Property for Exchange Everywhere!

The choice of a tax-deferred exchange affords the seller/taxpayer an exceptional opportunity upon selling the property. A tax deferred exchange can best be defined as a sale without immediate tax implications with a window to replace the property with like-kind property and reduce the basis of the replacement property by the deferred gain, thereby deferring the tax to a future date.

Susan's rates for November 2010

Conforming 30 Year Fixed (under $417,000) is at 4.25%, High Balance $417,000 to $729,750) is at 4.375% and Jumbo (over $729,750) is at 5.5%.

Conforming 15 Year Fixed is at 3.5%, High Balance at 3.75% and Jumbo is at 5.125%.

These rates are off from the lows of 3.875% but still very low.

Rates for October 2010

Rates are still volatile but trending lower after the Federal Reserve announcement last week that they may resort to further means to ease rates. They have not announce exactly what that would be but the bond markets are reacting favorably in anticipation.

Conforming 30 Year Fixed (under $417,000) are at 4% with High Balance ($417,000 to $729,750) at 4.375% and Jumbo at 5.5%. 15 Year Fixed Conforming is at 3.75%, High Balance is at 3.875% and Jumbo is at 5%.

This is an excellent time for buyers to get into a house as the affordability index is high due to these lower rates!

Trade AnythingAnywhere Sept 2010

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Bank Rates for Sept-October 2010

The Federal Reserve Board issued a statement this week saying that they were concerned that inflation is too low. This statement is fueling a decline in the dollar, higher gold and other commodity prices and lower interest rates.
Conforming 30 Year Fixed (under $417,000) are at 4%, High Balance ($417,000 to $729,750) are at 4.25% and Jumbo (over $729,750) are at 5.5%. Conforming 15 Year Fixed at at 3.75%, High Balance at 3.875% and Jumbo at 5.25%.
The October 4th date for the change in the FHA mortgage formula is quickly approaching. Make sure your FHA clients are aware of this change which will increase their monthly payments.

Star Real Estate Sunset Beach