Today's Mortgage rates - 06/30/09 01:28 PM

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Mortgage Market Report - 06/29/09 12:36 PM
Mortgage Market ReportThis weeks economic calendar is condensed into three days instead of the usual five with no reports due Monday. The markets will be closed on Friday ahead of the 4th of July weekend.
Tuesday information on chain store sales from ICSC-Goldman & Redbook, the S&P Case-Shiller Home Price Index (HPI), Chicago Purchasing Manager Index (PMI), and Consumer Confidence are all set to be released. Investors will be paying close attention to Fed officials who are giving speeches.
On Wednesday, we get a glimpse of the labor market from the Monster Employment Index, Challenger Job-Cut Report and ADP Employment Report. … (2 comments)

Mortgage interest rates - 06/29/09 12:02 PM
 
My services include property & casualty insurance, personal budgeting, financial planning, retirement planning strategies, sales training and real estate contract review.
Licensed to broker loans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Mortgage, Flagstar Bank, ING, Lehman Brothers, Luther Burbank, Provident, Suntrust, US Bank and many more. 
Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise!
Visit my website: www.nevinhomeloans.com   
You may e-mail or call me.   nevin@nevinloans.com     (888) 206-5781  x 1017
 
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Todays rates-Why Rent: Advantages of Home Ownership - 06/26/09 09:00 PM

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HVCC Breaking News! 18 month moratorium? - 06/26/09 08:43 PM
 
 http://www.thinkbigworksmall.com/mypage/player/tbws/10777/-3696
 
Keep the petition going!
 
Call or e-mail me for current mortgage rates or real estate related questions!
Nevin's services include property & casualty insurance, personal budgeting, financial planning, retirement planning strategies, sales training and real estate contract review.
Licensed to broker loans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Mortgage, Flagstar Bank, ING, Lehman Brothers, Luther Burbank, Provident, Suntrust, US Bank, West America and many more!
Visit my website: www.nevinhomeloans.com    Email me:  nevin@nevinloans.com
You may e-mail or call me.   nevin@nevinloans.com     (888) 206-5781  x 1017
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Bank or Broker? - 06/25/09 10:13 PM
 
 
 
I often get the question what is the difference between a broker and a bank and which should I use?  Pretty simple really,  if you are a bank you only have your loan products and sometimes big banks are more conservative and will deny a loan that could be approved somewhere else.  So if I worked for xyz bank then I would have to follow the rules of xyz bank.
If you use a broker the broker has the ability to shop a loan with many different banks and mortgage companies.  Currently my company First Priority Financial has … (0 comments)

Active Rain is an awesome resource for consumers and professionals - 06/24/09 04:57 PM
I can't tell you how many times I type in a real estate related question in a search engine only to have the info come from a blog in Active Rain!  I think AR has been predominant when searching but I did not realize it until I joined AR and began to utilize it. 
I think one can find just about anything they need on these blogs.  Not to mention how many real estate professionals pay for seminars that share similar if not exactly the same info I get here from so many of you long time veterans.  Then I click … (4 comments)

Google Analytics - 06/23/09 09:17 PM
What can anyone tell me about this?  I am wanting to set up multiple websites and would like to track which items on each website are getting the most interest.  Any info is greatly appreciated.  Thanks!
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Today's mortgage rates - 06/23/09 11:49 AM
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HVCC is hampering home values and mortgage news - 06/23/09 10:22 AM
Existing Home Sales were up 2.4% in May to an annual rate of 4.77 million, but below expectations of 4.85 million. Supply is coming down slowing, at 9.6 months from 10.1 months in April. Prices firmed up 3.8% to a median sales price of $173,000, but are down 16.8% on an annual basis. There was a steep drop in the proportion of distressed sales, to about one third from nearly half in prior months.
More importantly, unrealistically low appraisals are hurting home sales and slowing the housing recovery. I think HVCC is to blame.  Thank you Attorney General Andrew Cuomo for your thoughtfully … (0 comments)

Rates rates rates - 06/19/09 02:44 PM
Last week they ended higher then came down a little today.  Be prepared for a lot of volatility in the weeks to come.  There will be new economic data and policy decisions by the fed.  I suggest you lock when you can on the next dip.  There are moratoriums that were put in place by the Bush administration that will be expiring soon so look out for a new wave of foreclosures late this summer.
The economy will strengthen eventually so I am using this time to build my realtor relationships by bringing them value in the form of video marketing and … (2 comments)

Today's Mortgage Rates - 06/17/09 10:32 AM
Nevin WilliamsFirst Priority Financial3700 Hilborn Road #700 Fairfield CA 94534
CA DRE Lic. # 01366552
FPF CA DRE Lic. # 00654852
Washington and North Carolina loans only:
3200 Beechleaf Ct Suite 100 Raleigh NC 27604© Copyright 2009. All About News, Inc.
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What a coincidence - 06/17/09 09:38 AM
Yesterday I posted a blog about how ACORN is rapidly destroying our industry with their extreme bill proposals.  Today I get this e-mail:

 
 
They must have read my mind!  If you agree that the bills being presented by these consumer advocate groups are misguided then please sign the petition.  Have a great day!

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If you think HVCC is bad.... - 06/16/09 09:46 PM
As I click through the various daily mortgage news I keep seeing a trend.  A trend that detracts the credibility that comes with licensing.  Although reform is certainly necessary too much reform will cripple our ability to provide any level of service.  Soon realtors that build their businesses on service may lose their competitive edge.  I envision customers being offered the same lousy government sponsored service as the DMV, The VA clinic or the local Social Security office.  Take a number and wait!  Are these bills going to successfully reform or further hinder the real estate market? I say they will harm … (5 comments)

Strategies to save a purchase/sale when rates unexpectedly rise - 06/12/09 10:22 AM

Re-blogged by 0 agents
Strategies to save a purchase/sale when rates unexpectedly rise (edit/delete)
Many of you may have lost a purchase/sale due to unexpected interest rate increases.  Here are a few strategies that might help you save the purchase/sale:
Temporary buydowns:
A temporary buydown or 2/1 buydown is defined as when a fee is payed to a lender in exchange for a lower initial rate.  This can be done with a 30 year fixed rate mortgage.  Often times in a buyers market an agent will request that the seller help cover closing costs for the buyer.  The temporary buydown can also be … (0 comments)

Strategies to save a purchase/sale when rates unexpectedly rise - 06/12/09 10:18 AM
Many of you may have lost a purchase/sale due to unexpected interest rate increases.  Here are a few strategies that might help you save the purchase/sale:
Temporary buydowns:
A temporary buydown or 2/1 buydown is defined as when a fee is payed to a lender in exchange for a lower initial rate.  This can be done with a 30 year fixed rate mortgage.  Often times in a buyers market an agent will request that the seller help cover closing costs for the buyer.  The temporary buydown can also be included (make sure seller contibutions do not exceed lender guidelines).  Here is how it works:  Assuming … (0 comments)

Get real people! - 06/11/09 10:38 PM
So this agent of 20+ years tells me that she had a loan guy who was fabulous.  On the ball, responsive etc.  He moved out of state, gradually built a big company and when he came back he was full of himself.  So much so that all he could talk about was himself and how great he was.  His attitude resonated self centeredness and the result is that he eventually lost her business.
No matter how good we get,  how much we think we know or how BIG our businesses grow I think we have to keep ourselves grounded.  Warren Buffet  is … (0 comments)

Be aware! A scam involving a car and empty house - 06/08/09 11:22 AM
Scams are being pulled off all of the time especially in hard times.  Here is one scam that is quite lucrative involving an empty house and selling the same car to multiple people. 
Be careful out there and share this with the people you know.
http://www.break.com/index/scary-private-car-buying-scam.html
 
Call or e-mail me for current mortgage rates or real estate related questions!
Nevin's services include property & casualty insurance, personal budgeting, financial planning, retirement planning strategies, sales training and real estate contract review.
Visit my website: www.nevinhomeloans.com    Email me:  nevin@nevinloans.com
You may e-mail or call me.   nevin@nevinloans.com     (888) 206-5781  x 1017 
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Ouch! Rates on the rise. - 06/01/09 12:56 PM
For those unfamiliar with bond graphs:  When the line on the graph goes down it means rates are on the rise.    
 
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Nevin Williams, San Diego's best mortgage pro!

Carlsbad, CA

More about me…

First Priority Financial, San Diego jumbo & conventional

Address: 5360 Jackson Drive, Suite 220, La Mesa, CA, 91942

Office Phone: (888) 206-5781 x 1017

Cell Phone: (619) 438-0870

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3700 Hilborn Road #700 Fairfield CA 94534

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5360 Jackson Drive Suite 220 La Mesa CA 91942

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