NAR Spins Existing Home Sales

We have gotten two reports that the housing market is beginning to correct. First the sales of new homes reported their worst decline in 12 years. Now existing home sales PRICES and volume have dipped in a year to year comparison. Here's NAR's chief economist.

David Lereah, NAR’s chief economist, said higher mortgage interest rates were responsible for moderating sales, but noted it’s important to keep an eye on the actual level of home sales given the market surge this year. “The current pace of home sales activity remains historically strong – only eight months have had a higher sales pace,” he said. “A modest downtrend, to a sales volume that is expected to be the second-best year ever in 2006, will be good for the long-term health of the housing sector.”

Here's a warning I find useful for investors

One of the basic mantras of investing is that past performance is no guarantee of future results.

What people are really missing is the affordability barrier - it's simply not possible for most people in markets like California to BUY a home. If you cannot buy the home, pricing will inevitably drop or remain flat and have inflation do it's work.

BSD

Pacific Service Credit Union to offer below-market-rate mortgagesEast

Pacific Service Credit Union to offer below-market-rate mortgages
East Bay Business Times - Pacific Service Credit Union has been approved by the California Department of Financial Institutions to offer below-market-rate mortgages to low- and middle-income home buyers. The Walnut Creek-based credit union is one of more than 80 credit unions serving the East Bay market.

Sales of new homes plunged in November by the largest amount in nearly 12 years.

The party's over. It's official.

The Commerce Department reported Friday that new single-family homes were sold at a seasonally adjusted annual rate of 1.245 million units last month, a drop of 11.3 percent from October, when sales had surged to an all-time high.

Last month's decline was even bigger than the 8.7 percent drop-off that Wall Street analysts had been expecting. While sales of both new and existing homes are still on track to set records for a fifth straight year in 2005, analysts are forecasting sales will decline in 2006 as the housing boom quiets down.

Analysts are looking for home sales to dip by around 6 percent next year under the impact of rising mortgage rates. Analysts believe that house prices, which had been soaring at double digit rates, will moderate as well.

Some of that price moderation was evidenced in the November report, which showed that the median price of a new home sold was $225,200 last month. That was up just 0.3 percent from November 2004, the weakest year-over-year price change in two years. The November median price was down 4.1 percent from the October median sales price of $234,800.

In other economic news, the Commerce Department reported that orders to U.S. factories for big-ticket manufactured goods jumped to a record $223 billion in November. That was a 4.4 percent increase from October, representing the largest percentage advance in six months. Orders for durable goods had risen 3 percent in October.

The gain in demand for durable goods was far above the 1.1 percent increase Wall Street analysts had been expecting. But the strength was concentrated in a surge in demand for commercial aircraft, which shot up 133.8 percent to $25.9 billion from $11.1 billion the previous month.

Outside of this area, manufacturing demand was weak. Excluding transportation, durable goods orders dropped by 0.6 percent, the third straight monthly decline in these categories.

Some economists are worried that housing prices in some areas have been driven higher by a speculative frenzy that could see prices plunging as sales slow in the hottest markets. That scenario would evoke memories of the sharp declines that occurred when the stock market bubble burst in early 2000.

But other economists contend that housing is unlikely to exhibit the same collapse that the stock market did although they believe that the declines in sales expected next year will act as a drag on the overall economy.

By area of the country, sales were actually up by 13.4 percent in the Northeast, the biggest percentage increase in this region since January 1994.

However, sales fell in all other areas, led by a 22.1 percent drop in the West, the biggest decline in this region since February 1995. Sales were down 18.3 percent in the Midwest and fell 5.5 percent in the South.

The 4.4 percent rise in orders for durable goods, items expected to last at least three years, was the largest one-month advance since a 7.3 percent rise last May.

Analysts had expected a big gain in aircraft orders because of the sales success Boeing Co. had at the Dubai air show. Analysts said that Boeing booked 148 new plane orders for the month compared to 36 orders in October.

Orders for all types of transportation products were up 15.6 percent as the strength in commercial aircraft was offset by a 5.7 percent drop in orders for motor vehicles and parts and demand for military aircraft fell 44.3 percent.

Orders for non-defense capital goods, seen as a good barometer of business plans to expand and modernize, rose by 19.6 percent, but all of that strength was in the surge in aircraft orders. Excluding aircraft, non-defense capital goods actually fell by 2 percent last month.

Ameriquest Settles for $325 Million

Ameriquest Mortgage Co. would pay $325 million and change some business practices under an agreement with 33 states to settle allegations of overcharging customers and urging real-estate appraisers to increase property values, the Los Angeles Times reported.

Ameriquest added to the boom in 33 states by encouraging real estate appraisers to increase property values.

"The company would repay $295 million to borrowers and the additional $30 million cost of the investigation, the newspaper said, citing a copy of the settlement proposal it obtained.

Under the terms obtained by the Times, the company would be prohibited from paying workers to increase loan fees and interest rates, and adding penalties for early loan repayments, the newspaper said.

Ameriquest loan agents also would be barred from discussing property appraisals with the people conducting the assessments.

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The Real Estate Blog @ the NYTimes

I just noticed that we have been linked to from the real estate blog of the New York Times. The blog is good and offers a rather nice coverage of the bubble markets and great coverage of New York. Walkthrough Readers Welcome!

ResMAE Mortgage Corporation Offers 40/30 Product as Lower Payment Alternative

ResMAE Mortgage Corporation Offers 40/30 Product as Lower Payment Alternative
Business Wire - 03 AM US Eastern Timezone ResMAE Mortgage Corporation Offers 40/30 Product as Lower wholesale specialty residential mortgage lender and servicer headquartered in Brea, California.

Real Estate Realty Q&A

Real Estate Realty Q&A
MarketWatch - Dec 8, 2005 one tend to be substantially more satisfied with the broker and his Being a California resident, most of us out here cap our primary mortgage at $359,000

Study Reveals 'Bay Area' Mortgagae Brokers Among Highest Paid Professionals in the Country

Study Reveals 'Bay Area' Mortgagae Brokers Among Highest Paid Professionals in the Country
PRWeb - A recent study revealed what many already know - the mortgage broker industry of California, specifically the Bay Area, is booming with profit margins far exceeding most throughout the rest of the country.

Median Price of a Home in California at $538,770

Median Price of a Home in California at $538,770 in October, up 17.2 Percent from Year Ago; Sales Decrease 2.8 Percent

LOS ANGELES--(BUSINESS WIRE)--Nov. 28, 2005--The median price of an existing home in California in October increased 17.2 percent and sales decreased 2.8 percent compared with the same period a year ago, the California Association of REALTORS(R) (C.A.R.) reported today.

"While California is still experiencing year-over-year double-digit price appreciation, prices are starting to level off compared with the statewide peak reached in August 2005," said C.A.R. President Vince Malta. "Regionally, the median price continues to post strong gains, with the High Desert, Riverside/San Bernardino, and San Luis Obispo regions hitting record highs last month."

Closed escrow sales of existing, single-family detached homes in California totaled 621,530 in October at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local REALTOR(R) associations statewide. Statewide home resale activity decreased 2.8 percent from the 639,570 sales pace recorded in October 2004.

The statewide sales figure represents what the total number of homes sold during 2005 would be if sales maintained the October pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

The median price of an existing, single-family detached home in California during October 2005 was $538,770, a 17.2 percent increase over the revised $459,530 median for October 2004, C.A.R. reported. The October 2005 median price decreased 1 percent compared with September's $543,980 median price.

"Year-to-date sales in October were 3.1 percent above last year's level, on track with our expectations for 2005," said C.A.R. Vice President and Chief Economist Leslie Appleton-Young.

Highlights of C.A.R.'s resale housing figures for October 2005:

-- C.A.R.'s Unsold Inventory Index for existing, single-family detached homes in October 2005 was 4 months, compared with 3 months (revised) for the same period a year ago. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.

-- Thirty-year fixed mortgage interest rates averaged 6.07 percent during October 2005, compared with 5.72 percent in October 2004, according to Freddie Mac. Adjustable mortgage interest rates averaged 4.86 percent in October 2005 compared with 4.02 percent in October 2004.

-- The median number of days it took to sell a single-family home was 35 days in October 2005, compared with 34 days (revised) for the same period a year ago.

Regional MLS sales and price information is contained in the tables that accompany this press release. Regional sales data are not adjusted to account for seasonal factors that can influence home sales. The MLS median price and sales data for detached homes are generated from a survey of more than 90 associations of REALTORS(R) throughout the state. MLS median price and sales data for condominiums are based on a survey of more than 60 associations. The median price for both detached homes and condominiums represents closed escrow sales.

In a separate report covering more localized statistics generated by C.A.R. and DataQuick Information Systems, 97 percent or 391 of 403 cities and communities showed an increase in their respective median home prices from a year ago. DataQuick statistics are based on county records data rather than MLS information. DataQuick Information Systems is a subsidiary of Vancouver-based MacDonald Dettwiler and Associates. (The top 10 lists are generated for incorporated cities with a minimum of 30 recorded sales in the month.)

Note: Large changes in local median home prices typically indicate both local home price appreciation, and often, large shifts in the composition of housing market activity. Some of the variations in median home prices may be exaggerated due to compositional changes in housing demand. The DataQuick tables listing median home prices in California cities and counties are accessible through C.A.R. Online at http://www.car.org/index.php?id=MzU2NTg=.

Statewide, the 10 cities and communities with the highest median home prices in California during October 2005 were: Laguna Beach, $1,670,000; Los Altos, $1,585,000; Manhattan Beach, $1,437,500; Burlingame, $1,400,000; Saratoga, $1,377,500; Newport Beach, $1,305,000; Calabasas, $1,162,000; Santa Barbara, $1,125,000; Mill Valley, $1,062,500; Los Gatos, $985,000; Rancho Palos Verdes, $985,000.

Statewide, the 10 cities and communities with the greatest median home price increases in October 2005 compared with the same period a year ago were: Twentynine Palms, 93 percent; Laguna Hills, 76.1 percent; Upland, 52.3 percent; Yucca Valley, 52.3 percent; Sanger, 48.4 percent; Oakdale, 47.8 percent; Desert Hot Springs, 47.7 percent; Porterville, 47.5 percent; Patterson, 46.5 percent; Rosemead, 45 percent; Rancho Cordova, 43.9 percent.

Leading the Way...(R) in California real estate for 100 years, the California Association of REALTORS(R) (www.car.org) is one of the largest state trade organizations in the United States, with more than 180,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

October 2005 Regional Sales and Price Activity(a)
Regional and Condo Sales Data Not Seasonally Adjusted

Percent Percent Percent Percent
Change Change Change Change
in in in in
Price Price Sales Sales
from from from from
Median Prior Prior Prior Prior
Price Month Year Month Year

Oct-05 Sep-05 Oct-04 Sep-05 Oct-04
Statewide
Calif. (sf) $538,770 -1.0% 17.2% -4.5% -2.8%
Calif. (condo) $429,090 1.1% 15.2% -13.7% -5.2%

C.A.R. REGION
Central Valley $358,650 -0.7% 20.9% -14.0% -10.5%
High Desert $315,870 1.1% 31.9% -4.1% 24.1%
Los Angeles $557,730 -0.6% 21.7% -22.5% -2.7%
Monterey Region $717,030 0.6% 13.5% -23.3% -25.7%
Monterey County $675,000 -0.7% 16.8% -24.2% -22.0%
Santa Cruz County $769,000 2.5% 16.5% -22.3% -30.7%
Northern California $435,180 0.1% 17.9% -15.7% -21.7%
Northern Wine Country $628,800 -1.7% 20.7% -23.7% -17.4%
Orange County $701,520 -1.0% 12.8% -11.8% 5.3%
Palm Spgs/Lwr Desert $348,430 -6.1% 1.8% -12.2% 3.3%
Riverside/San Bern. $394,840 1.4% 24.2% -16.6% -7.5%
Sacramento $383,280 -0.2% 13.5% -12.7% -19.1%
San Diego $601,850 -1.7% 6.2% -13.8% -10.5%
San Francisco Bay $719,660 1.4% 10.6% -9.4% -10.7%
San Luis Obispo $603,120 0.2% 29.5% -19.2% 20.9%
Santa Barbara County $610,290 -0.1% 0.1% -11.6% -23.8%
S. Barbara S. Coast $1,225,000 -16.9% 18.4% -18.5% -35.3%
No. S. Barbara County $466,000 0.7% 7.9% -9.1% -16.7%
Santa Clara $741,000 1.1% 16.5% -11.1% -14.0%
Ventura $677,780 -0.1% 15.9% -22.2% -7.2%


na - not available

(a) Based on closed escrow sales of single-family, detached homes only
(no condos). Reported month-to-month changes in sales activity may
overstate actual changes because of the small size of individual
regional samples. Movements in sales prices should not be interpreted
as measuring changes in the cost of a standard home. Prices are
influenced by changes in cost and changes in the characteristics and
size of homes actually sold.

sf = single-family, detached home

Source: California Association of REALTORS(R)


Median Prices By Region - Current Month vs. Year Ago

Oct-05 Sep-05 Oct-04
Statewide
Calif. (sf) $538,770 $543,980 $459,530 r
Calif. (condo) $429,090 $424,580 r $372,600

C.A.R. REGION
Central Valley $358,650 $361,290 $296,550
High Desert $315,870 $312,410 $239,400
Los Angeles $557,730 $560,990 $458,210
Monterey Region $717,030 $712,800 $631,810
Monterey County $675,000 $680,000 $578,000
Santa Cruz County $769,000 $750,000 $660,000
Northern California $435,180 $434,690 $369,060
Northern Wine Country $628,800 $639,390 $520,980
Orange County $701,520 $708,840 $622,090
Palm Spgs/Lower Desert $348,430 $371,250 $342,310
Riverside/San Bernardino $394,840 $389,450 $317,990
Sacramento $383,280 $383,920 $337,780
San Diego $601,850 $612,030 $566,740
San Francisco Bay $719,660 $709,980 $650,920 r
San Luis Obispo $603,120 $602,160 $465,560
Santa Barbara County $610,290 $610,710 $609,850
S. Barbara S. Coast $1,225,000 $1,475,000 $1,035,000
No. S. Barbara County $466,000 $462,700 $432,000
Santa Clara $741,000 $733,000 $636,000
Ventura $677,780 $678,380 $584,950

na - not available
r - revised
Source: California Association of REALTORS(R)

KB Home Announces $1.5 Billion Credit Facility

KB Home Announces $1.5 Billion Credit Facility
[Press Release] PR Newswire via Yahoo! Finance - Nov 22 2:42 PM
KB Home , one of the nation's largest home builders, today announced the successful closing of a new $1.5 billion unsecured revolving credit facility with a consortium of banks arranged by Banc of America Securities LLC and Citigroup Global Markets Inc.

LION Announces Third Quarter Financial Results

LION Announces Third Quarter Financial Results
[Press Release] Business Wire via Yahoo! Finance - Oct 27 1:00 PM
LION, Inc. , a leading provider of online lead generation and advanced business solutions that streamline the mortgage fulfillment process, today announced its financial results for the third quarter and nine months ended September 30, 2005.

Homeowner tax breaks are breaking the budget

Homeowner tax breaks are breaking the budget
Los Angeles Times, CA - 17 hours ago the mortgage interest deduction not because they care about helping low-wage earners own homes but because the tax break inflates housing prices, which leads
california mortgages california

Inland Empire Chapter of the California Association of Mortgage Brokers

Work Week-Oct. 24-28
San Bernadino County Sun - TUESDAY, Oct. 25 The Inland Empire Chapter of the California Association of Mortgage Brokers will host this year's Loan Origination Expo, to be held from 9 a.m. to 4:30 p.m. at the Ontario Convention Center, 2000 Convention Center Way. to exchange business leads and referrals to stimulate new business.

Red Rock Mortgage - California mortgage loans and interest rates

Red Rock Mortgage - California mortgage loans and interest rates
Red Rock Mortgage is a full service mortgage broker licensed in California. We specialize in first and second mortgages, debt consolidation, refinance, and bankruptcies. Shop for a loan with our interactive calculators and compare our ...

FHA LOANS California
California FHA Loans ... FHA LOANS California. FHA Home Loans California. California Dept of Housing. Phone: (916)324-7696 ...

California Bank Executive Says Fed's Decision on Interest Rates 'No Surprise,' Cites Mixed Economy, Upcoming ...
... California Bank Executive Says Fed's Decision on Interest Rates 'No Surprise,' Cites Mixed Economy, Upcoming ... Reserve's lack of action on interest rates today came as no surprise ...
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Downey Financial Corp. Announces Thirteen Month Selected Financial Data

Downey Financial Corp. Announces Thirteen Month Selected Financial Data
PR Newswire - other California institutions California that occurred in the late 1980's and early 1990's. As of August 31, 2005, $12.8 billion of our one-to-four unit adjustablerate mortgages

Circuit City posts surprising profit
Wichita Eagle - lawsuit brought by loan department workers in California who claimed they had wrongly been denied claimed the bank underpaid workers selling home mortgages and personal loans.

Sun Healthcare gets penalty
SignOn San Diego - a nursing home chain that operates 18 California facilities, has been ordered to pay $2.5 applications fall Applications for residential mortgages fell last week as higher interest

Calif. men charged in mortgage'elimination'scam
Reuters - A federal grand jury in Oakland, California, charged Dale Scott Heineman, 45, and Kurt Johnson, 42, in a 46-count indictment related to transactions on 17 properties in nine states with a combined mortgage value of more than $5 million. SAN FRANCISCO, Sept 22 (Reuters) - Two California men have been charged with fraud and conspiracy for

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Wachovia to buy AmNet Mortgage in 2nd Calif. deal

Wachovia to buy AmNet Mortgage in 2nd Calif. deal
Reuters - Wachovia to buy AmNet Mortgage in 2nd Calif California lender in two days. The terms value San Diego-based AmNet, the parent of residential mortgage lender American

California homes less affordable in July, report says
SignOn San Diego - By Michael Kahn REUTERS 11:40 a.m. September 8, 2005 SAN FRANCISCO The number of California households able to afford a median-priced home fell to 16 percent in July from a year ago as prices remained sky-high in the most populous U.S. 540,900 in California in July was $125,670, based on an average mortgage interest rate of

Looking for signs of cooling housing market
Arizona Republic - mortgage applications, and rising inventories. There's also something of a slowdown in one of the nation's hottest housing markets, California Mortgage applications, which hit

Sun Healthcare gets penalty
SignOn San Diego - nursing home chain that operates 18 California facilities, has been ordered to pay Associated Press Home mortgage applications fall Applications for residential mortgages fell last

Taff pleads not guilty at arraignment in federal court
Kansas City Star - He was an employee of Myers Overland Park mortgage company between November 2003 and February 2004, when was submitted to a California home mortgage company indicating that Taff was

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Archive 2003 - Interest Rates Reports Archive 2004 - Interest Rates Reports Interim Interest Rate Outlook by Wachovia Securities Updated: June 6, 2005 South Africa: SARB keeps rates unchanged by Danske

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Free account access, 24 hours a day Online Banking! LOAN INTEREST RATES General Loans Credit Cards Auto Loans Mortgage Loans SAVINGS INTEREST RATES Certificate & IRA Accounts Savings Accounts

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Current Interest Mortgage Rates - Current Interest Rates - Home

Current Interest Mortgage Rates - Current Interest Rates - Home
Rates, Home Loan Interest Rates Current Interest Mortgage Rates - Chase offers the current interest rates for our most popular loan products. View home mortgage interest rates in all varieties

Interest Rates - Mortgage Rates - Rates-Interest.com
Copyright 2001 All Rights Reserved Interest Rates 2401 E Katella Anaheim, CA 92806 Toll Free Rates 800-883-5770

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Apply Online Resources Appraisal Info. Credit Rating Down Payment s FHA Loans FHA Programs Glossary Interest Rates Mortgage Insurance Mortgage Programs Refinance Info. Relocation Info. Second Mortgages Title

mortgage interest rate report and predictions
call that inflation. Higher inflation leads to higher interest rates. Higher interest rates is what will trigger a slowdown in home price appreciation, adding

NELA : Northwest Education Loan Association
Partners Join Us! You re invited to attend our Fall Lender Meeting New Student Loan Interest Rates Interest rates for student loans change on July 1. Read the May/June Issue of NELA News Meet Lyanne

Rates and Statistics - Table of Contents - Bank of Canada
Noon exchange rates: 1 pm - 1:30 pm ET Closing exchange rates: 4:10 pm - 4:30 pm ET Interest rates: 1 pm - 1:30 pm ET Bonds/treasury bills: 1 pm - 1:30 pm ET S&P/TSX Composite Index: 1 pm

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C.A.R. Reports California's Housing Affordability Index Fell Three Points to 16 Percent in July

C.A.R. Reports California's Housing Affordability Index Fell Three Points to 16 Percent in July
LOS ANGELES--(BUSINESS WIRE)--Sept. 8, 2005--The percentage of households in California able to afford a median-priced home stood at 16 in California real estate for 100 years, the California Association of REALTORS

Why rising interest rates haven't sunk the real estate market _ yet
(08-12) 14:03 PDT San Francisco (AP) -- Rising interest rates are supposed to be an economic sedative, but the hyperactive real estate market has retained its vigor even as the prime lending rate has climbed to a nearly four-year high. downturn in prices are in California, Massachusetts and New York, according to

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Mortgage rates dip

Mortgage rates dip
NEW YORK (Reuters) - Mortgage rates fell last week for the first time since June, an industry group late June, fixed 30-year mortgage rates fell last week, averaging 5.79

Housing Tips
is to consider refinancing to a fixed-rate mortgage. Mortgage rates have been at the lowest levels in and surging energy prices may keep rates low for a while longer

Post-Katrina U.S. can learn plenty from the Dutch
Dutch to change their strategy. Advertisements Mortgage Rates Compare national rates by lender: See Chart Instead of

First National broadens core mortgage range
First National broadens core mortgage range First National has widened its first mortgage range and launched a near-prime product. In addition it has also improved fixed and reversionary rates on its core range. cent, with rates starting at 5.84 per cent for Ultralight products. Duncan Berry, first mortgage sales director

Falling oil prices stabilize real estate rates
In Freddie Mac's survey, the 30-year fixed-rate mortgage averaged 5.71 percent for the week ended today, unchanged from last week. slow economyThursday, September 08, 2005 Long-term mortgage rates held steady this week as oil prices be balanced out by slightly lower mortgage rates.'In Bankrate.com's survey

Mortgage rates keep climbing
Mortgage rates rose again this week with 30-year mortgages hitting their highest level in four months The nationwide averages for mortgage rates do not include add-on fees

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Home For Sale

Home For Sale
WOW!! LOCATION, LOCATION, LOCATION!!! No climbing up stairs in this charming one story home located in the heart of Granite Bay, 1824 sq ft, 4BR, 2BA, Enroll your kids in the prestigious Eureka schools. Close to shopping, schools and beautiful Folsom Lake Park. This home has brand new oak kitchen cabinets, a custom bar cabinet, and new tile floors in the kitchen and laundry room. The home also has an efficient whole house fan, upgraded interior doors, central air and heat system. Enjoy the private back yard (7,465 sf or .169 of an acre) with mature oak trees. The 4th bedroom can be used as a home office. Sellers are motivated and will consider all reasonable offers!!! Call Agt at 916) 847-4377 for a private viewing.

Home For Sale
LOVELY Cottage style home on the edge of Fig Garden Village. Central H/AC, FP Insert, DualPane Windows, MasterBR w/slider to deck and pool. Mature Landscaping in parklike backyard. Close to schools and shopping. Great central location. Won't last!


Beautiful new home, under const, 2+/- forested acres, room for garden, RV, boat etc., gentle slope, room for animals, seasonal creek, private, HUGE grt rm. entertainment/media room/family room, mstr. ste. with tile bath and big wlk-in tiled double head shower with garden tub, lge.wlk-in closet, bdrm 2&3, with wlk-in clts. Kit. with garden wndw, stnsteel appl., tile ctrs, Lrge pntry/lndry rm. 2 car grge lower level, extra storage avail. under home, livng space on one level. Large deck and staircase entry. Rear deck length of home. Close to town/Hwy 50, easy commute. Live in the peace and quiet of the country in your new home. Enjoy wine tasting, Apple Hill, fishing, boating, skiing, small town living, enjoy four seasons, 1 hr. to Lake Tahoe, El Dorado County has it all, the best kept secret in California. Come stake your claim to a treasure, like my Great Great Grandfather who came in 1853 to stake a gold claim. Be the first to see and own this beautiful home. Move in 3+/- weeks

Home For Sale
Clean Ranchette with 1.30 ac. Half in landscaping with automatic underground sprinklers, large screended patio for outdoor entertaining without the bugs, and the other half just kept mowed and green. Once had cows, can have horses or 4H animals except pigs. Has nice shop for the hobbies. Commuters to Woodland or Sacramento just have to turn off Hwy 113 on So. Geo. Washington,turn west on Bogue Rd. and just past Township is Daphne Lane. All Country Driving in South Yuba City. Sellers have lived here 29 years and would not leave their great neighbors, and country life if they could keep up the acre. They say great water, and you can hear the birds and see the stars. They have updated just about everything in the last few years and looks like a new house. Very Spiffy. Located in Sutter High and Franklin Grammer District. See on http://www.GoldHomeTeam.com For this and many other homes.Sign up for Daily new listings in our area for better prices. call toll free 866-674-4873

Home For Sale
Are you moving to Austin Texas? One of Austin's most established neighborhoods. New on the market. Houses in this neighorhood are selling in about three weeks. This one won't last long! Beautiful Northwest Hills 2 story, 6007 Mountainclimb Dr. 3 bedroom, 2.5 bath, 2 living. Saltio and Wood floors. Extra large master bedroom, plenty of closet space, with en suite bathroom, high slanted ceiling and chandlers, extra large Kohler whirlpool corner tub set in marble, and great walk in shower. Fenced, landscaped yard, with large trees and covered patio. Easy access to everything. 10 min. to the Arboretum and downtown. Priced to move quick, $429,000, $6k below appraisal. Call 512-452-7673

Home For Sale
2 HOMES ON 5 ACRES IN SIERRA FOOTHILLS approx 30 miles east of Sacramento off US Hwy 50. 4 bdr, 3 bth, 2600+/- sqft custom home built in 1982. Many energy efficient features: built w/ kiln dried lumber, advanced solar system, dual pane windows&extra insulation. New kitchen&master bath. Silestone counters, Kraftmade cabinets, Amtica floors, e-Systems water purifier. Master bdr on main floor. Bonus rm w/ bath&outside access. 2500+/- sq. ft. of decking for outside entertaining. 2 bdr, 2 bth 960+/- sqft 2nd hm w/ its own address&separate utilities: suitable for family or as a rental. Home built in 1990, living/family combo, inside laundry&galley kitchen. New flooring in kitchen&laundry. Currently rented. Both homes have RV parking w/ electrical, water&dump station. Main home has covered RV parking. Level acreage w/ possible views of the Eastern Sierra mountains. Property zoned for horses or livestock. POSSIBLE SELLER FINANCING More info: Agt 916-798-5784 Pics @ www.see360.com

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Poppy blooms with features

Poppy blooms with features
The Countryside Collection in Elk Grove by Reynen&Bardis Communities is featuring the Poppy, a 2,081-square-foot home.

People in real estate
Danielle Yandow has joined the Jeannette Lyon team at RE/MAX Gold's Camino office. She will work on residential sales in El Dorado County.

Supersonic opportunity
D.R. Horton is offering a two-story, 3,700-square-foot home, the Concorde, at its Silver Hawk Estates community in Woodland.

Four plans among final pickings at KB Home's Stonecrest II community
With a limited number of homes remaining for sale at KB Home's Stonecrest II in Elk Grove, shoppers are encouraged to visit today.

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5-year CD rates go down in the United States Monday

5-year CD rates go down in the United States Monday
5-year CD rates go down in the United States Monday

$10,000 Money Market Account rates remain unchanged in the United States Monday
$10,000 Money Market Account rates remain unchanged in the United States Monday

2-month Jumbo CD rates remain unchanged in the United States Monday
2-month Jumbo CD rates remain unchanged in the United States Monday

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Mortgage Lender: House Price Growth Slows

Mortgage Lender: House Price Growth Slows
AP via Yahoo! Finance - Sep 01 4:19 AM
Annual house price growth has slowed to its lowest level in nine years, a major mortgage lender said Thursday. The Nationwide Building Society said that the average cost of a home rose by just 2.3 percent during the 12 months to the end of August -- the lowest level since May 1996.

Mortgage applications fall -MBA
IWon - Money - Aug 31 4:16 AM
NEW YORK (Reuters) - Applications for U.S. home mortgages fell for the second consecutive week despite a steady decline in mortgage interest rates in August, an industry group's figures showed on Wednesday.

Low Mortgage Rates
Boxing.net - Sep 01 11:59 PM
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30-year fixed loan rate falls to 5.77%
Detroit News - Sep 04 2:18 AM
WASHINGTON -- Rates on 30-year mortgages declined for a second straight week as low mortgages continued to fuel the country's housing boom.

About 25,000 BMX Bicycles Recalled
The Boston Channel - Sep 02 12:04 PM
Find the lowest mortgage rates from top lenders. Reduce your monthly mortgage payment or access money from your home today! Find out more. Look to our Moving Center for valuable information such as how to pick movers, how to prepare for your relocation, and how to pack.
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California homes less and less affordable - report

California homes less and less affordable - report
Aug 11 (Reuters) - The number of California households able to afford a median 542,720 in California in June was $125,870, based on an average mortgage interest rate of

Real estate strong despite higher rates
a 30-year fixed-rate mortgage stood at 6.05 percent through prices are in California, Massachusetts and New York, according to PMI Group Inc., a mortgage insurance provider based

Rents Headed Higher as Hiring Picks Up
as low interest rates and a variety of new mortgage products turned more tenants into homeowners rents, particularly in markets such as Southern California and Washington, D.C

INDYCAR SERIES AT INFINEONKanaan takes a turn for betterHe's fit for road course
Kanaan took the checkered flag in the Argent Mortgage Indy Grand Prix with an average speed of 91 the first visit to Northern California by the IndyCar Series, which features

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Greenspan warns about housing

Greenspan warns about housing
Alan Greenspan, chairman of the Federal Reserve, says you shouldn't get too cocky about your home's rising value. He spoke today at a Fed symposium in Jackson Hole, Wyo., and had some words about housing prices.

Mortgage Matters: Rates fall as Katrina hits
Hurricane Katrina is causing oil price jitters, which in turn is pushing mortgage rates down.

Mortgage Matters: Sales go up, rates go down
This seeming anomaly has something to do with the fact that the federal government reports a new home sale when someone pays a deposit or signs a sales contract.


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American dream falls to rising foreclosure rates

American dream falls to rising foreclosure rates
Houston Chronicle - Aug 27 10:59 PM
For thousands of Houstonians, the American dream of owning a home has become a financial nightmare. In 2004, lenders foreclosed on 8,300 homes in Harris, Montgomery and Fort Bend counties more than double the number five years before.

Mortgage rates fall for second straight week
Bankrate.com - Aug 25 4:34 AM
Long-term mortgage rates fell for the second week in a row, and home sales kept going at a record pace. Coincidence? Maybe. Let's talk about timing. But first, this week's rates.

Friday's Money Rates
AP via Yahoo! News - Aug 26 3:31 PM
Friday's Money Rates

Analysis: Home-loan rates higher for blacks
Orlando Sentinel - Aug 28 5:50 AM
Charlotte Observer analysis of records from 25 of the nation's largest lenders.

Existing Home Sales Dip, Mortgage Rates Up
AP via Yahoo! Asia News - Aug 23 8:33 AM
Sales of previously owned homes dropped 2.6 percent in July as mortgage rates crept up.
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Mortgage Rates - Get the Lowest Mortgage Rates!

Mortgage Rates - Get the Lowest Mortgage Rates!
Mortgage Rates, Mortgage Rates, Mortgage Rates, mortgage rates, MORTGAGE RATES Mortgage rates exist - the type of which you will be pleasantly surprised to discover. Find out where to find the best

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Chula Vista: Magnolia at Windingwalk

Chula Vista: Magnolia at Windingwalk
Welcome to Magnolia at Windingwalk... Like the flower it is named for, Magnolia is a neighborhood of distinction and beauty. Homeowners will appreciate the architectural styles and creative attention to detail. Residences are set for a minimum of approximately 2,430 sq. ft. The spacious floorplans provide just the right room options and upgrades for any family's needs. Moving into Magnolia means access to all the quality community amenities of the master-planned Windingwalk. These include hiking trails, places to picnic and barbecue, a pool, spa and acres of green grassy park.

Bonsall: Aguacate Ranch
New Phase Released February 2003! Reminiscent of the haciendas of Early California, Aguacate Ranch delivers a spectacular presentation of semi-custom estate homes embracing the essence of rustic refinement. Located near San Luis Rey Country Club.

San Diego: Savannah Terrace
Located just off the I-15, the luxurious condominium homes of Savannah Terrace provide convenience, ease and extraordinary comfort. The worries of day-to-day living melt away with Concierge Club LivingSM. A Concierge can make dinner and travel reservations and arrange help for errands, deliveries, babysitting and more. Or you can unwind at the communitys private recreation facility with a pool, fitness center and Clubhouse. Above all, this pampered lifestyle is carried right into your own elegant home with slab granite kitchen counter tops, recessed lighting, a gas-log fireplace and a deck or patio.

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San Diego: Mill Creek at StoneBridge Estates

San Diego: Mill Creek at StoneBridge Estates
Community will offer three floor plans for 109 single family homes with all with two stories, approximately 2,947 to 3,390 sq. ft., 4 - 5 bedrooms, and 2.5 - 3.5 baths, in Spanish, Italian, and French inspired architecture.

Chula Vista: Wisteria at Windingwalk
Welcome to Wisteria at Windingwalk... a setting designed around a belief that home should never be a hassle. With its quintessential Southern California architectures including Distinctive Spanish, Craftsman, Irving Gill and Monterey styles and designer-selected exterior color palette, Wisteria says, "welcome to the neighborhood." Four floorplan options, ranging from approximately 2,061 to 2,284 sq. ft., offer the choices your family is looking for and the space you need to make the most of life at home. Dramatic high-volume living areas with 9-foot ceilings, a wood-burning fireplace, designer oak cabinets and lavish master suites are only some of the standard exceptional interior features.Outdoor amenities are plentiful as well, and include a recreation center with pool, spa, basketball courts, barbecue and picnic places, and lots of open space.

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Desco Interest Rates

Desco Interest Rates
About Desco. Savings & Checking. Loan Accounts. Card Services. Business Services. Internet Services - MITAS. Financial Planning. Save for their future! Current Savings Interest Rates. Effective August 22, 2005 ... CHECKING ACCOUNT RATES. Less than $1,000 ...

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U.S. Bank Prime Loan Interest Rate Forecast over the Next Six Months ... Dow Jones Utilities. Money Rates. Prime Rate ... Federal Reserve's Website for Current Interest Rates. A long range forecast for this or similar economic series is ...

Mortgage interest rates in New Zealand
... 9.10. All rates before fees and charges ...

Freddie Mac Site Requirements
Site Requirements. To properly view FreddieMac.com, you will need to either enable Javascript in your browser or upgrade your browser to a version that supports Javascript. To enable / upgrade Javascript in your browser:

Mortgage rates, CD rates, auto loans, credit cards, mortgages and more (Nasdaq: RATE)
Free, objective information and rate quotes for consumer bank products such as mortgage rates, credit cards, CDs, auto loans, home equity loans, money market funds, personal loans, checking and savings accounts. ... Compare rates, from mortgages to home equity to CDs, 100 High and more, in just a few simple ... Rate Roundup: Weekly look at the state of interest rates. ...
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Houses Overvalued in Northern California, Study Shows

Houses Overvalued in Northern California, Study Shows
KXTV - Aug 19 9:00 AM
A new study by one of the nation's largest mortgage lenders shows some of the country's most overvalued houses are here in Northern California.


Not surprising really given the amount of money in Silicon Valley and the desirability of California real estate. It's only natural that real estate would be bid up.

California Mortgage News - Irvine: Irvine-Ashton Green

Irvine: Irvine-Ashton Green
ONLY ONE DECORATED MODEL REMAINSThe final curtain is about to fall on Shea Homes Ashton Green at Turtle Ridge in Irvine, a neighborhood that has won rave reviews from homebuyers, but before it does, one of its starsa beautifully decorated model homeis making one last curtain call.Among the eight homes that remain available for purchase, the showcase model is the three-story Plan 7, which is an outstanding example of innovation in townhome design.Measuring 1,398 square feet, the home features a private bedroom and bath just off the ground-floor entry, while the family room/living room, dining room and kitchen share the second floor with two view decks. The third level is reserved exclusively for the master suite and a tech center desk. Adjoining the home is a two-car garage with direct home access and insulated roll-up doors.Handsome central landscaped courtyards feature sparkling water elements or tranquil sitting areas that compliment Ashton Green's Tuscan and French Country exterior architecture. The community's rich old world charm is celebrated by the area's natural ridgeline, preserved canyons, open space reserve, city light views, and the Pacific Ocean in the distance. Close to Irvines greater business centers, Fashion Island and every major convenience, Ashton Green offers an uncomplicated lifestyle. Neighborhood children will attend schools in the highly desirable Irvine Unified School District and homeowners will appreciate close proximity to Irvines major business centers, Fashion Island and easy access to transportation. All this and a spectacular ridgeline backdrop, make Whispering Glen a preferred new home destination.For additional information regarding the final model home at Ashton Green, please call (949) 509-7745.

Santa Ana: Santa Ana - Traditions
The professionally designed and landscaped models homes are scheduled to be released on July 9th. Traditions has attracted large numbers of homebuyers who desire a prestigious address, a private setting and the convenience of living just two blocks from South Coast Plaza. Traditions luxurious two- and three-story floor plans, which encompass impressively spacious living areas spanning 3,153 to 4,206 square feet, including three to five bedrooms and three and one-half to four and one-half baths. Traditions at Armstrong Ranch, a private, gated community in South Coast Metro, features tree-lined streets and retro streetlamps reflect the classic 20s and 30s California architectural styles of Santa Ana's famed Floral Park District and beautifully showcase the homes ideal location.Traditions draws upon French Country, Craftsman and Spanish styles to create a neighborhood that is timeless. Flexible two- and three-story floorplan designs ranging from 3,153 to 4,278 square feet of living space with three to five bedrooms and three and one-half to four and one-half baths. A wide array of options includes a third floor attic area on select elevations. Centrally located, Armstrong Ranch will provide residents close proximity to shopping, dining, entertainment and employment centers. Within minutes, residents can be at South Coast Plaza, Metro Pointe, the Orange County Repertory Theater or the Orange County Performing Arts Center. For continued updates regarding Traditions, please call (714) 424-0623.

Ladera Ranch: Ladera Ranch - Sedona
Loyal Buyers Heighten Success Of Sedona! Shea Homes is proud of its repeat customers because they attest to the fact that the company lives up to its philosophy of caringcaring about the quality of the homes it builds, about the service it provides to homebuyers and about the caliber of the overall homebuying experience.In the case of Sedona, the advantages of that philosophy heighten the appeal of a collection of magnificent residences that are masterpieces of architectural artistry and meticulous craftsmanship. Priced from the low $1 millions, the spacious two-story floor plans span approximately 3,712 to 4,303 square feet, including as many as six bedrooms and four and one-half baths. Select plans take on the added dimension of such uncommon extras as a bright sunroom or a secluded library with optional fireplace or such popular options as an office, bonus room, media room, hobby room and extra bedrooms.The homes showcase the luxuries todays families desire most: exceptional spaciousness, gourmet island kitchens, covered porches and patios and elegant master suites with secluded retreats. Terramor is also on the cutting edge of environmental protection, and Sedona supports that effort with an array of environmentally friendly green features that will help conserve energy resources, reduce utility bills and provide a more fulfilling lifestyle for families. Shea Homes is the only builder in Terramor to include solar panels on every home.An Aquatic Club, two neighborhood parks and a central paseo offer residents active enjoyment close to home. Families will appreciate neighborhood schools, sports activity parks, community centers, and a state-of-the-art technology system.For continued updates regarding Sedona, please call (949) 364-0462.

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California Mortgage News - Marin median home price slips to $910,000

Marin median home price slips to $910,000
Marin Independent-Journal, CA - 11 hours ago according to La Jolla-based DataQuick Information Systems, a real estate data information is over," said John Quigley, a University of California at Berkeley

BentleyForbes Completes Sale-Leaseback Purchase of AmeriCredit
Business Wire (press release), CA - 10 hours ago real estate in major MSA markets across the United States, expanding its national portfolio of properties currently located in 14 states: California, New York
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California Mortgage News - Expect Greenspan and the Fed to Raise Interest Rates

Expect Greenspan and the Fed to Raise Interest Rates
Outside the Beltway, VA - Aug 16, 2005 The report leaves the Federal Reserve on course to raise interest rates again by a quarter percentage point in September, economists said.

North American equity markets to be driven by interest rates, oil
New Ratings - Aug 16, 2005 Analysts at Canaccord Capital believe that the North American equity markets would be driven in the near future by the movement of the interest rates and the

Why rising interest rates haven't sunk the US real estate market
CBC Prince Edward Island, Canada - Aug 14, 2005 SAN FRANCISCO (AP) - Rising interest rates are supposed to be an economic sedative, but the hyperactive US real estate market has retained its vigour even as

Housing's immunity from interest rates
Denver Post, CO - Aug 15, 2005 Rising interest rates are supposed to be an economic sedative, but the hyperactive real estate market has retained its vigor even as the prime lending rate has

Greenspan, rising rates and 'the bubble'
Marco Island Sun-Times, FL - Aug 16, 2005 Now, it's important here to understand that interest rates, the economy, real estate the stock market, etc., are all tied together, whether we like it or not.
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California Mortgage News - El Dorado Hills: Villa Lago at The Promontory

El Dorado Hills: Villa Lago at The Promontory
Decorated Models to Open in Late Fall 2005!Unwind in a luxurious private community with sweeping views of Folsom Lake and the serenity of the Sierra foothills. Discover a place rich in history and golden opportunities. A place with thousands of acres of open space, yet minutes from every convenience.Located within the El Dorado Hills master planned community, The Promontory, Villa Lago offers all this...and much, much more. More than a decade of planning has resulted in the preservation of hundreds of acres of natural open space, expansive canopies of oak trees and granite-studded landscape, creating a place where dreams of the good life become a reality.

Elk Grove: Idylwild,
At Idylwild, D.R. Horton, Americas Builder leaves no detail unattended, from the creative Mediterranean, Craftsman and Old World architecture and the fully landscaped front yards to inviting covered front porches and concrete tile roofs.

Elk Grove: Innovations
MODELS NOW AVAILABLE!Innovations is located in the growing community of Elk Grove, a quaint town where residents can enjoy a quiet lifestyle close to Sacramento. At Innovations, neighborhood parks, schools,and exciting new shops and restaurants are all just close by. For a taste of Elk Groves past, stroll the pedestrian-friendly Main Street of historic Old Town, while browsing its finely preserved storefronts.Innovations is served by some of Elk Groves best schools in a district renowned for its academic achievementand parental involvement. Several new local and regional shopping areas are nearby. Easy access to I-5and Hwy 99 puts work centers and recreational opportunities throughout the Sacramento region within easy reach.

El Dorado Hills: Montecito at the Promontory
Christopherson Homes is thrilled to announce Montecito, a fabulous new home community within the El Dorado Hills master planned community of The Promontory. Montecito will feature 118 homes that will include five different floor plans and Monterey/Carmel, French Normandy, Italian, Spanish and Cottages styles of architecture. Conveniently located near Sacramento, and the Sierras and just a few hours from San Francisco and the coast; with breathtaking views and a rural feel, the El Dorado Hills area has become one of the most desirable new home areas of Sacramento. Montecito takes full advantage of the location and offers some of the best views of Folsom Lake and convenient access to the freeway, shopping and fine dining.Christopherson Homes, a family-owned company, has been building outstanding neighborhoods for two decades. As a company and as individuals, we have a vested interest in making each of our communities a great place to live.Models to Open in spring 2005

Loomis: Legacy Lane
Only four homes are available, including two model homes! Welcome to Legacy Lane in Loomis, an enclave of 54 homes French Country, Cottage/Bungalow and California Craftsman style architecture. This unique design mix with strongly defined architectural details such as shingling, shutters and stone work, is combined with landscaping to expand living areas to the outdoors.Although Legacy Lane will remind you of the small hometown of yesteryear with rural space and farmland, conveniences for daily living are ever so close! Rocklin is just 3 miles down the road; Roseville is about 2 miles further. Water recreation, fishing, boating, hiking and camping are all abundant at nearby Folsom Lake.

Statewide Distribution (Any City): On Your Lot Homes
Built with the finest materials available, we handcraft each customer's home one at a time. Deltec ships home packages ANYWHERE in the US. Deltec Homes provides you with everything you need to build the shell of your new home. All components are delivered to your building site ready to construct. Your local builder will put the home together.

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Ladera Ranch: Ladera Ranch - Sedona

Ladera Ranch: Ladera Ranch - Sedona
Loyal Buyers Heighten Success Of Sedona! Shea Homes is proud of its repeat customers because they attest to the fact that the company lives up to its philosophy of caringcaring about the quality of the homes it builds, about the service it provides to homebuyers and about the caliber of the overall homebuying experience.In the case of Sedona, the advantages of that philosophy heighten the appeal of a collection of magnificent residences that are masterpieces of architectural artistry and meticulous craftsmanship. Priced from the low $1 millions, the spacious two-story floor plans span approximately 3,712 to 4,303 square feet, including as many as six bedrooms and four and one-half baths. Select plans take on the added dimension of such uncommon extras as a bright sunroom or a secluded library with optional fireplace or such popular options as an office, bonus room, media room, hobby room and extra bedrooms.The homes showcase the luxuries todays families desire most: exceptional spaciousness, gourmet island kitchens, covered porches and patios and elegant master suites with secluded retreats. Terramor is also on the cutting edge of environmental protection, and Sedona supports that effort with an array of environmentally friendly green features that will help conserve energy resources, reduce utility bills and provide a more fulfilling lifestyle for families. Shea Homes is the only builder in Terramor to include solar panels on every home.An Aquatic Club, two neighborhood parks and a central paseo offer residents active enjoyment close to home. Families will appreciate neighborhood schools, sports activity parks, community centers, and a state-of-the-art technology system.For continued updates regarding Sedona, please call (949) 364-0462.

Irvine: Irvine-Ashton Green
ONLY ONE DECORATED MODEL REMAINSThe final curtain is about to fall on Shea Homes Ashton Green at Turtle Ridge in Irvine, a neighborhood that has won rave reviews from homebuyers, but before it does, one of its starsa beautifully decorated model homeis making one last curtain call.Among the eight homes that remain available for purchase, the showcase model is the three-story Plan 7, which is an outstanding example of innovation in townhome design.Measuring 1,398 square feet, the home features a private bedroom and bath just off the ground-floor entry, while the family room/living room, dining room and kitchen share the second floor with two view decks. The third level is reserved exclusively for the master suite and a tech center desk. Adjoining the home is a two-car garage with direct home access and insulated roll-up doors.Handsome central landscaped courtyards feature sparkling water elements or tranquil sitting areas that compliment Ashton Green's Tuscan and French Country exterior architecture. The community's rich old world charm is celebrated by the area's natural ridgeline, preserved canyons, open space reserve, city light views, and the Pacific Ocean in the distance. Close to Irvines greater business centers, Fashion Island and every major convenience, Ashton Green offers an uncomplicated lifestyle. Neighborhood children will attend schools in the highly desirable Irvine Unified School District and homeowners will appreciate close proximity to Irvines major business centers, Fashion Island and easy access to transportation. All this and a spectacular ridgeline backdrop, make Whispering Glen a preferred new home destination.For additional information regarding the final model home at Ashton Green, please call (949) 509-7745.

Ladera Ranch: Ladera Ranch - Sherborne
Continued Sales Success!Join the interest list for email updates regarding future phase releases and continuing community information.Enthusiastic homebuyers purchased four of the five homes in the latest phase of Sherborne at Covenant Hills in Ladera Ranch on the day they were released, continuing the success of a neighborhood that dramatically illustrates why Shea Homes is one of Americas Best Builders. As a result of the great response to the Sherborne model homes, a new phase of homes is scheduled to be released on Saturday, June 25th.As the only private, gated village within Ladera Ranch, Covenant Hills is already the communitys most exclusive address, and with the loftiest site, some of the largest home sites and most spacious yards of any Covenant Hills neighborhood, Sherborne is being hailed as the crowning achievement in all of Ladera Ranch.The grand-scale two-story homes span 4,073 to 4,848 square feet, including five bedrooms and four and one-half to five and one-half baths plus a three-car tandemgarage, and they will be distinguished by a host of exceptional refinements.Sherborne also has the distinction of offering a full complement of environmentally conscious green features, including solar energy panels and recycled and sustainable materials that will conserve resources and reduce energy costs for homeowners.The Covenant Hills Village Club will encompass a spectacular array of shared resort-caliber recreational amenities, open to all community residents.For continued updates regarding Sherborne, please call (949) 364-6009.

Statewide Distribution (Any City): On Your Lot Homes
Built with the finest materials available, we handcraft each customer's home one at a time. Deltec ships home packages ANYWHERE in the US. Deltec Homes provides you with everything you need to build the shell of your new home. All components are delivered to your building site ready to construct. Your local builder will put the home together.

Santa Ana: Santa Ana - Traditions
The professionally designed and landscaped models homes are scheduled to be released on July 9th. Traditions has attracted large numbers of homebuyers who desire a prestigious address, a private setting and the convenience of living just two blocks from South Coast Plaza. Traditions luxurious two- and three-story floor plans, which encompass impressively spacious living areas spanning 3,153 to 4,206 square feet, including three to five bedrooms and three and one-half to four and one-half baths. Traditions at Armstrong Ranch, a private, gated community in South Coast Metro, features tree-lined streets and retro streetlamps reflect the classic 20s and 30s California architectural styles of Santa Ana's famed Floral Park District and beautifully showcase the homes ideal location.Traditions draws upon French Country, Craftsman and Spanish styles to create a neighborhood that is timeless. Flexible two- and three-story floorplan designs ranging from 3,153 to 4,278 square feet of living space with three to five bedrooms and three and one-half to four and one-half baths. A wide array of options includes a third floor attic area on select elevations. Centrally located, Armstrong Ranch will provide residents close proximity to shopping, dining, entertainment and employment centers. Within minutes, residents can be at South Coast Plaza, Metro Pointe, the Orange County Repertory Theater or the Orange County Performing Arts Center. For continued updates regarding Traditions, please call (714) 424-0623.

California Mortgage News - 30-Year Mortgage Rates Rise to 5.89% This Week

30-Year Mortgage Rates Rise to 5.89% This Week
Los Angeles Times, CA - 15 hours ago The nationwide averages for mortgage rates do not include add-on fees known as points. Fifteen-year and five-year mortgages each

30-year mortgage rates hit 5.91%, higher than a year ago
USA Today - Aug 10, 2005 NEW YORK (Reuters) Mortgage rates reached four-month highs, industry group figures showed Wednesday, driving down applications for home mortgages last week
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C.A.R. Reports California's Housing Affordability Index Fell Two Points to 16 Percent in June

C.A.R. Reports California's Housing Affordability Index Fell Two Points to 16 Percent in June
The percentage of households in California able to afford a median-priced home stood at 16 percent in June, a 2 percentage-point decrease compared with the same period a year ago when the Index was at 18 percent, according to a report released today by the California Association of REALTORS(R) (C.A.R.). The June Housing Affordability Index (HAI) was unchanged from May, when it also stood at 16 percent.

C.A.R.'s monthly housing affordability index measures the percentage of households that can afford to purchase a median-priced home in California. C.A.R. also reports housing affordability indexes for regions and select counties within the state. The Index is the most fundamental measure of housing well-being in the state.

The minimum household income needed to purchase a median-priced home at $542,720 in California in June was $125,870, based on an average effective mortgage interest rate of 5.71 percent and assuming a 20 percent downpayment. The minimum household income needed to purchase a median-priced home was up from $111,420 in June 2004, when the median price of a home was $468,050 and the prevailing interest rate was 6.01 percent.

The minimum household income needed to purchase a median-priced home at $219,000 in the U.S. in June 2005 was $50,790.

At 32 percent, the High Desert region was the most affordable C.A.R. region in the state, followed by the Sacramento region at 21 percent. The Santa Barbara and Northern Wine Country regions were the least affordable in the state at 7 percent.

C.A.R.'s July 2005 sales and median price report for the state and regions within the state will be released on Tuesday, August 23.

Leading the Way...(R) in California real estate for 100 years, the California Association of REALTORS(R) (www.car.org) is one of the largest state trade organizations in the United States, with more than 170,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

C.A.R. HOUSING AFFORDABILITY INDEX(a)

Jun-05 May-05 Jun-04
California 16 16 18
California - Condos 21 22 26
United States 48 51 r 53
C.A.R. REGION
Central Valley 18 19 27
High Desert 32 33 43
Los Angeles 15 15 17
Monterey Region 9 10 11
Northern California 15 17 21
Northern Wine Country 7 7 13
Orange County 11 11 11
Palm Sprgs/Lwr Desert 10 10 12
Riverside/S Bernardino 16 20 21
Sacramento 21 20 26
San Diego 9 9 10
San Francisco Bay Area 12 12 14
San Luis Obispo 10 11 14
Santa Barbara County 7 6 10
Santa Clara 18 18 21
Ventura 13 13 13
COUNTY
Alameda 11 11 14
Contra Costa 10 10 10
Fresno 20 20 29
Marin 10 12 13
Merced 11 14 23
Riverside 14 18 17
San Bernardino 20 24 29 r
San Francisco 9 8 10
San Joaquin 13 13 22
San Mateo 12 11 14
Santa Cruz 10 11 16
Sonoma 7 7 13
Stanislaus 18 19 30

(a) -- percentage of California households that can afford to
purchase a median-priced home
r -- revised


Median Prices By Region - Current Month vs. Year Ago

Jun-05 May-05 Jun-04
----------------------------------------- ----------- - ----------- -
Statewide
Calif. (sf) $542,720 $522,900 r $468,050 r
Calif. (condo) $433,690 $420,600 r $374,950 r

Region
Central Valley $353,220 $343,610 $279,490
High Desert $290,510 $282,510 $225,260
Los Angeles $512,890 $503,450 $445,140
Monterey Region $730,470 $689,050 $621,920
Monterey County $675,000 $639,000 $575,000
Santa Cruz County $793,000 $757,200 $599,500
Northern California $442,940 $405,190 r $347,980
Northern Wine Country $640,970 $622,660 $500,840
Orange County $702,400 $704,150 $657,930
Palm Sprgs/Lwr Desert $393,370 $388,280 $346,700
Riverside/San Bernardino $373,860 $364,700 $304,810
Sacramento $381,990 $379,790 $320,800 r
San Diego $614,120 $608,300 $580,670
San Francisco Bay $734,610 $721,730 $655,990
San Luis Obispo $570,870 $534,440 $446,530
Santa Barbara County $704,270 $746,950 $572,370
Santa Barbara S. Coast $1,260,000 $1,247,500 $1,095,000
N. Santa Barbara Cty. $463,380 $468,520 $386,440
Santa Clara $760,000 $749,000 $642,000
Ventura $685,760 $667,130 $625,000

na - not available
r - revised

California Mortgage News - Are San Diegans Victims Of Loan Discrimination?

Are San Diegans Victims Of Loan Discrimination?
10 News San Diego - Aug 05 9:21 AM
Are San Diegans Victims Of Loan Discrimination? The California Association of Mortgage Brokers says the government is discriminating against home buyers here.

Is China the bubble? (Commentary)
Globe Online - Aug 05 10:29 PM
WASHINGTON The collapse of China's bid to build an international oil company demonstrates that, however big and rich that country is becoming, the United States isn't yet ready to have a normal trading relationship with it.
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California Mortgage News - No relief on interest rates seen after strong jobs report

No relief on interest rates seen after strong jobs report
MarketWatch - Aug 5, 2005 edged lower Friday after stronger-than-expected jobs growth in July suggested the Federal Reserve would maintain its policy of raising interest rates for the

ECB chief defends stance on interest rates
RTE News - Aug 5, 2005 president of the European Central Bank, Jean-Claude Trichet, today defended a decision by the bank to maintain its key euro zone interest rates, saying they

US dollar: The higher interest rates, the more deposits
Vietnam Economic Times, Vietnam - Aug 4, 2005 Deposits in US dollar have been growing at a higher rate than dong deposits. The reason for this is quicker increase in interest rates for US dollar over dong.

HOMEOWNERS' BOOST AS INTEREST RATES CUT
Glasgow Daily Record, UK - Aug 4, 2005 By John Penman. MORTGAGES are set to get cheaper following yesterday's cut in interest rates for the first time in two years. But
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