New out from Zillow today-

13 million America homes are still underwater with negative equity

25.4% of U.S. home mortgages are underwater (negative equity)

Las Vegas, Atlanta, and Riverside County California have the highest amount of properties with negative equity.

By Q1 of 2014 1.4 million homes will go from negative equity to positive.

Also in the news Fannie Mae stock rose 32% today to $2.78 with the news that it might turn private.

 

Go to my web site www.myslohomefinder.com for all your San Luis Obispo home search needs!

 

 

The Day Ahead:Durables Orders

 

 

 

Durables Orders for April came in better than expected. However, on average for the core, this means that manufacturing merely is less sluggish than believed last month. New factory orders for durables in April rebounded 3.3 percent after dropping a sharp 5.9 percent in March (originally down 6.9 percent). Analysts expected a 1.1 percent increase. The transportation component gained 8.1 percent after falling 14.7 percent in March. Excluding transportation, durables orders rebounded 1.3 percent, following a decline of 1.7 percent the month before. The consensus called for a 0.4 percent increase in orders excluding transportation.

 

 

 

Dow is trading at 15,241-55.01the 10 yr bond is at 2.00 from 2.02 Yesterday, . Currently mortgages areslightly better from Yesterday

 

 

 

Conv. - 3.625%

 

FHA. - 3.375%

 

 

 

Have a great Memorial Day Weekend!  God Bless America!

 

atascadero homes for sale, paso robles homes for sale

 

 

 

 

Today's Mortgage Rate Update 5/23/13 New Home Sales Prices Up 14. 9%
05/23/2013
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We have alot of ecomonic information that has rattled the market! China and the Euro Zone's economies are faultering. This shook the Asian and Euro markets. It shook the U. S. market at first, but then traders realized that at least we aren't them!… more
Today's Mortgage Rate Update 5/22/13 Rates Are Heading Higher!
05/22/2013
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It looks like rates are heading higher. In the last week we have had a spike up in rates! We have had a drop in mortgage apps (-9. 8%), Refi's down (-11. 7%), Purchase apps (-3%). Also in Spain, the government dropped the tax benefits for home… more
Monday's Mortgage Rate Update 5/20/13 Rates Are Up And Rising!
05/20/2013
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Mortgage rates are up from last week! The U. S. stock market is hitting all time highs as money is leaving the commodities and going into stocks. Also there is a trend that money is pouring into the U. S. as a safe haven! I talked to a real estate… more
Weekend Mortgage Rate Update 5/18/13 Rates Are Going UP!!!
05/18/2013
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Rates are going up slightly, and so are home prices! We just aren't building enough! But as prices rise we notice more homes hitting the market. See www. myslohomefinder. com for all your San Luis Obispo County home search needs. We specialize in… more
Friday's Mortgage Rate Update 5-17-13 Have A Great Weekend!
05/17/2013
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Have a great weekend! Check out my web site at www. myslohomefinder. com for all your San Luis Obispo County home search needs. The Day Ahead: C onsumer S entiment Consumer spirits are improving dramatically this month in what… more
Thursday's Mortgage Rate Update 5/16/13 Rates Are Down!!!
05/16/2013
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Fear of a global slow down has been hitting the market. You can see the fear in the commodity markets especially gold, silver and oil. The Canadian and Australian Dollars are worth less than 1 U. S. Dollar as money is fleeing the commodities,… more
Tduesday's Mortgage Rate Update 5/15/13 Rates To Move Up?
05/15/2013
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We have some good news from the Fed. Those budget cuts that kicked in and the tax increases have really cut the budget deficient. But the Feds. are also going to cut back on their purchase of bonds. I wonder if all this will slow the U. S. economy?… more
Social Mood In Euro Zone Deteriorates Further Especially In France
05/14/2013
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A good friend of mines wife went on a 30 day trip through the Euro Zone recently. She came back hating the trip! She said that France was the worst! She said that the French voiced to her their dislike of the U. S. and blamed the U. S. for their… more
Today's Mortgage Rate Update 5/14/13 What Is The True Inflation Rate?
05/14/2013
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What is the true inflation rate? We will be getting reports in this week that shows if we have any increases! With interest rates so low one has to wonder when they will be going up, especially with the housing market heating up and fears of a… more
 
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Mike Hendrickson

San Luis Obispo, CA

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Prudential California Realty

Address: 1015 Nipomo St, Suite 100, San Luis Obispo, Ca., 93401

Office Phone: (805) 459-0074

Cell Phone: (805) 459-0074

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