PRIVATE INVESTOR (Hard Money) Commercial Real Estate

When a homeowner in Florida is FORECLOSED on by a national lender/bank, can the lender/bank go after the individual for their liquid assets? (ie. stocks, checking, savings, 401k)

2008-06-12T15:27:29Z

DISCUSSION:

Here is a question:

When a homeowner in Florida is FORECLOSED on by a national lender/bank, can the lender/bank go after the individual for their liquid assets? (ie. stocks, checking, savings, 401k)

What is the answer?

When a homeowner in Florida is FORECLOSED on by a national lender/bank, can the lender/bank go after the individual for their liquid assets? (ie. stocks, checking, savings, 401k)

2008-06-06T17:15:05Z

DISCUSSION:

Here is a question:

When a homeowner in Florida is FORECLOSED on by a national lender/bank, can the lender/bank go after the individual for their liquid assets? (ie. stocks, checking, savings, 401k)

What is the answer?

Does The FED RATE CUT affect 30 Year Mortgage Rates?? I was scolded for no reason on this one.

2008-02-01T09:34:37Z

I recently was "scolded" by a client when I quoted her an interest rate on a 30 year mortgage from Washington Mutual this past Monday. She asked for another quote on the 30 year mortgage from Washington Mutual on Wednesday after the FED cut rates. I quoted her the exact same rate. She said, "WHY WOULD YOU QUOTE ME THE SAME RATE, AFTER THE FED JUST CUT .500??" She thought I was trying to pull something over. This is an educated business professional with a high net worth. So take it from me, EDUCATE YOUR CUSTOMERS PLEASE, AND AVOID CONFUSION :)

A Fed cut doesn't directly affect long term rates, but it does impact long term mortgage rates.

When the Fed cuts rates, it usually cuts the Fed Funds Rate, which is the rate banks lend each other money. However, when the Fed lowers the Fed Funds Rate, Prime Rate, the rate banks give their best customers, usually drops as well.

All this means that anything that has an interest rate tied to Prime is directly affected by the Feds' rate cut. Typically, these are short term loans. For instance, a credit card or a Home Equity Line of Credit (HELOC). In general, these rates drop when the Fed lowers rates.

Mortgages aren't directly affected because mortgage rates are typically longer term rates and are influenced by buyers and sellers in the bond market. Daily movements in the bond market cause mortgage rates to change. That's why you might get a quote from me on Tuesday, and on Wednesday, your quoted interest rate has increased .125%. The Fed lowers rates to help stimulate the economy. Ultimately a healthy economy is good for the real estate market. So, when the Fed lowers rates, indirectly it can help mortgage rates, but there is no direct correlation.

Another misconception is that mortgage rate changes occur in direct relation to when a Fed rate cut happens. In actuality, most mortgage rate changes, positive or negative, occur regardless of whether the Fed is actually meeting. That's because the mortgage market anticipates what the Fed is going to do.

BILLY SORRENTINO

The Prime Financial Group Inc.

Residential & Commercial Mortgages

REAL ESTATE INVESTOR

I am seeking Commercial Real Estate For Sale (Orlando, FL & Los Angeles, CA)

2008-01-30T14:42:18Z

My company is seeking commercial property for sale in the downtown Orlando, Florida and Los Angeles, California AREAS. For more information about our inquiry, please email me at Billy@n247cm.com

Current Interest Rates After FED cut today

2008-01-30T14:37:05Z

	CURRENT	1 MONTH PRIOR	3 MONTH PRIOR	6 MONTH PRIOR	1 YEAR PRIOR
Federal Reserve Target Rate	3.00	4.25	4.75	5.25	5.25
1-Month Libor	3.26	4.63	4.72	5.32	5.32
3-Month Libor	3.24	4.73	4.91	5.36	5.36
Prime Rate	6.50	7.25	7.75	8.25	8.25
5-Year AAA Banking & Finance	4.22	4.68	4.88	5.21	5.37
10-Year AAA Banking & Finance	5.16	5.41	5.46	5.69	5.59

CURRENT	1 MONTH PRIOR	3 MONTH PRIOR	6 MONTH PRIOR	1 YEAR PRIOR
15-Year Mortgage			4.94	5.38	5.49	5.93	5.64
30-Year Mortgage			5.45	5.84	5.89	6.26	5.89
1-Year ARM			5.12	5.45	5.62	5.52	5.42

U.S. Treasuries

Bills
		MATURITY DATE	DISCOUNT/YIELD	DISCOUNT/YIELD CHANGE	TIME
3-Month		05/01/2008	2.12 / 2.17	0.04 / -.118	15:17
6-Month		07/31/2008	2.20 / 2.27	0.04 / -.088	15:21

Notes/Bonds
	COUPON	MATURITY DATE	CURRENT PRICE/YIELD	PRICE/YIELD CHANGE	TIME
2-Year	2.125	01/31/2010	99-22¾ / 2.27	0-01+ / -.020	15:23
5-Year	2.875	01/31/2013	99-20+ / 2.95	-0-07½ / .052	15:23
10-Year	4.250	11/15/2017	104-04½ / 3.74	-0-16+ / .062	15:24
30-Year	5.000	05/15/2037	109-09+ / 4.43	-1-10 / .075	15:23

Inflation Indexed Treasury
	COUPON	MATURITY DATE	CURRENT PRICE/YIELD	PRICE/YIELD CHANGE	TIME
5-Year	2.000	04/15/2012	105-11 / .70	-0-01 / .010	15:23
10-Year	1.625	01/15/2018	102-00 / 1.41	-0-11 / .039	15:23
20-Year	1.750	01/15/2028	99-09 / 1.79	-0-16 / .030	15:23
30-Year	3.375	04/15/2032	132-24 / 1.71	-0-24 / .032	15:23

Municipal Bonds

National Municipal Bond Yields: Triple-A Rated, Tax-Exempt Insured Revenue Bonds
	CURRENT YIELD	PREVIOUS YIELD	CHANGE IN YIELD	28% EQ YIELD	1 WEEK PRIOR YIELD	1 MONTH PRIOR YIELD	6 MONTH PRIOR YIELD
2-Year	2.71%	2.69%	0.02%	3.76%	2.83%	3.10%	3.82%
5-Year	2.94%	2.96%	-0.02%	4.08%	3.09%	3.40%	3.93%
7-Year	3.13%	3.14%	-0.01%	4.35%	3.25%	3.59%	4.02%
10-Year	3.59%	3.58%	0.01%	4.99%	3.67%	3.93%	4.20%
15-Year	4.15%	4.17%	-0.02%	5.76%	4.25%	4.43%	4.45%
20-Year	4.38%	4.37%	0.01%	6.08%	4.45%	4.67%	4.62%
30-Year	4.45%	4.42%	0.03%	6.18%	4.50%	4.71%	4.65%

Seeking REO Specialist REAL ESTATE AGENT

2008-01-17T12:50:38Z

I am in need of a REO real estate agent to seek out property for me and send me listings. Please contact me for more information.

Thank you,

B. Sorrentino

PrimeFinancialGR@aol.com

Housing Crisis: I'm Offering A Glimmer Of Hope

2008-01-17T10:17:29Z

Housing Crisis: I'm Offering A Glimmer Of Hope

The home builders appear to be stuck, unwilling to say that anything is going to get better any time soon. The National Association of Home Builders puts out a monthly "sentiment" index, and so far it's been stuck on the very low end for a very long time. They are not anticipating improvement until at least the second half of 2008.

The CEO of Wells Fargo isn't much more bullish. "We expect the environment to remain challenging in 2008, particularly in the consumer sector," says CEO John Stumpf. He also added that the housing market was in the worst shape since the Great Depression.

This morning I did a little mini-analysis of homeowner vacancy rates. They are sky high. So are inventories of both new and existing homes for sale. That means that not only are there too many houses for sale, but they're empty, and that in turn weighs on communities and prices equally.

In addition, the ICR today announced the results of its survey of the institutional investment community on the state of the consumer industry. It asked respondents to rank the economic factors that directly correlate with sales patterns. Number one: housing.

The economy has become center stage in the political race, with candidates putting out plans to save the housing market. I realize that all real estate is local, and I understand the emails from so many of you that I seem to focus on the negative when there are plenty of markets in the U.S. where housing is healthy. But let's face it, the economy, which includes housing, is as emotional as I am watching an old GE refrigerator commercial. It's all about confidence.

I'm going to offer a glimmer of hope here: Interest rates last week were way down, and mortgage applications surged 28 percent from the week before and up 36 percent from a year ago. The four-week moving average, which helps with all that weekly volatility, was up 10 percent.

Confidence. When interest rates come down, opportunity knocks and confidence somehow squeezes its way in the door as well. I'm not saying this is the fix, but it's a start.

NON-PROFIT MORTGAGE COMPANY*****REO PROPERTY FOR SALE

2008-01-16T12:15:56Z

We are a non-profit mortgage branch. All closing costs, taxes, fees, etc. are paid by us. All interest rates are given at PAR for the borrower, no points or yield spread. We are approved with all major banks and lenders and provide every type of loan program available.

We own previous REO property from banks that we purchased in bundle from them that needed to be removed off their balance sheets. Our properties are located throughout the Central Florida area and Los Angeles County, California area. All of our properties we sell are sold with equity in them to impact forcasted declines in the Florida & California Real Estate Markets. We also "GIFT" the downpayment to the borrower (no payback). All properties are recently remodeled and are in perfect condition. Home prices range from $250,000-$3.5MM

We are helping future home buyers purchase a home with a great deal, no strings attached. We purchased in bundle REO properties, remodeled them, and get the buyer qualified with zero dollars out of pocket for closing. All closing costs are paid, and buyer is getting the best interest rate avaiable at PAR with zero yield spread. If a down payment is needed to qualify, it is gifted to the borrower. We profit off the banks and lenders which enables the buyer to profit on a great deal from us. They walk into a house with a perfect deal and plenty of equity in it for ZERO out of pocket (NO STRINGS ATTACHED)

We work with all real estate agents.

B. Sorrentino

NON-PROFIT Mortgage Branch / Read This Deal HOMEBUYERS are getting********

2008-01-11T12:10:31Z

Real Estate For Sale In Various Locations Throughout Florida & California

(Home Prices From $200,000 - $2.5MM)

READ THIS DEAL FOR PEOPLE LOOKING TO PURCHASE:

~All homes for sale are completely remodeled and upgraded, and are 100% in perfect condition.

~All homes have equity and are sold under appraised value to impact declining market and economic conditions.

~Non-Profit Mortgage Branch will qualify borrower and will be doing the mortgages at PAR interest rates (NO YIELD SPREAD) and absolutely zero closing costs on home purchases. All lender fees are paid, taxes, government / state, title, appraisal, insurance etc. The borrower comes out of pocket NOTHING and gets a PAR rate.

~Down payment is also gifted to borrower to help qualify LTV ratios if necessary.

~The potential buyer for the home is getting into a home with established equity, remodeled & upgraded. They come out of pocket nothing at closing, get a PAR interest rate and are given the down payment for their new home.

Email Me For More Info:

PrimeFinancialGR@aol.com

I'm needing direct contact information for: BANK REO Properties.Investor ready to go

2008-01-08T12:46:52Z

I am looking for direct inside contact information for bank REO property. I have an investor looking to purchase in bundle or individual properties. He is looking to establish a relationship and do repeat business with them but properties need to be very nego. He is looking for property in the Los Angeles, California & Marina Del Rey, California area.

Please let me know if anyone has any information:

Billy Sorrentino

386-852-7201

PRIMEFINANCIALGR@AOL.COM

CURRENT AND PAST RATESCHECK THIS OUT1997-2007

2007-12-17T08:44:54Z

Prime Rate
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan 1	8.25%	8.50%	7.75%	8.50%	9.50%	4.75%	4.25%	4.00%	5.25%	7.25%	8.25%
Feb 1	8.25%	8.50%	7.75%	8.50%	8.50%	4.75%	4.25%	4.00%	5.25%	7.50%	8.25%
Mar 1	8.25%	8.50%	7.75%	8.75%	8.50%	4.75%	4.25%	4.00%	5.50%	7.50%	8.25%
Apr 1	8.50%	8.50%	7.75%	9.00%	8.00%	4.75%	4.25%	4.00%	5.75%	7.75%	8.25%
May 1	8.50%	8.50%	7.75%	9.00%	7.50%	4.75%	4.25%	4.00%	5.75%	7.75%	8.25%
Jun 1	8.50%	8.50%	7.75%	9.50%	7.00%	4.75%	4.25%	4.00%	6.00%	8.00%	8.25%
Jul 1	8.50%	8.50%	8.00%	9.50%	6.75%	4.75%	4.00%	4.25%	6.25%	8.25%	8.25%
Aug 1	8.50%	8.50%	8.00%	9.50%	6.75%	4.75%	4.00%	4.25%	6.25%	8.25%	8.25%
Sep 1	8.50%	8.50%	8.25%	9.50%	6.50%	4.75%	4.00%	4.50%	6.50%	8.25%	8.25%
Oct 1	8.50%	8.25%	8.25%	9.50%	6.00%	4.75%	4.00%	4.75%	6.75%	8.25%	7.75%
Nov 1	8.50%	8.00%	8.25%	9.50%	5.50%	4.75%	4.00%	4.75%	7.00%	8.25%	7.50%
Dec 1	8.50%	7.75%	8.50%	9.50%	5.00%	4.25%	4.00%	5.00%	7.00%	8.25%	7.50%

Federal Funds Target Rate
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan 1	5.25%	5.50%	4.75%	5.50%	6.50%	1.75%	1.25%	1.00%	2.25%	4.25%	5.25%
Feb 1	5.25%	5.50%	4.75%	5.50%	5.50%	1.75%	1.26%	1.00%	2.25%	4.50%	5.25%
Mar 1	5.25%	5.50%	4.75%	5.75%	5.50%	1.75%	1.25%	1.00%	2.50%	4.50%	5.25%
Apr 1	5.50%	5.50%	4.75%	6.00%	5.00%	1.75%	1.25%	1.00%	2.75%	4.75%	5.25%
May 1	5.50%	5.50%	4.75%	6.00%	4.50%	1.75%	1.25%	1.00%	2.75%	4.75%	5.25%
Jun 1	5.50%	5.50%	4.75%	6.50%	4.00%	1.75%	1.25%	1.00%	3.00%	5.00%	5.25%
Jul 1	5.50%	5.50%	5.00%	6.50%	3.75%	1.75%	1.00%	1.25%	3.25%	5.25%	5.25%
Aug 1	5.50%	5.50%	5.00%	6.50%	3.75%	1.75%	1.00%	1.25%	3.25%	5.25%	5.25%
Sep 1	5.50%	5.50%	5.25%	6.50%	3.50%	1.75%	1.00%	1.50%	3.50%	5.25%	5.25%
Oct 1	5.50%	5.25%	5.25%	6.50%	3.00%	1.75%	1.00%	1.75%	3.75%	5.25%	4.75%
Nov 1	5.50%	5.00%	5.25%	6.50%	2.50%	1.75%	1.00%	1.75%	4.00%	5.25%	4.50%
Dec 1	5.50%	4.75%	5.50%	6.50%	2.00%	1.25%	1.00%	2.00%	4.00%	5.25%	4.50%

1 Year Constant Maturity Treasury Rate
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan	5.61%	5.24%	4.51%	6.12%	4.81%	2.16%	1.36%	1.24%	2.86%	4.45%	5.06%
Feb	5.53%	5.31%	4.70%	6.22%	4.68%	2.23%	1.30%	1.24%	3.03%	4.68%	5.05%
Mar	5.80%	5.39%	4.78%	6.22%	4.30%	2.57%	1.24%	1.19%	3.30%	4.77%	4.92%
Apr	5.99%	5.38%	4.69%	6.15%	3.98%	2.48%	1.27%	1.43%	3.32%	4.90%	4.93%
May	5.87%	5.44%	4.85%	6.33%	3.78%	2.35%	1.18%	1.78%	3.33%	5.00%	4.91%
Jun	5.69%	5.41%	5.10%	6.17%	3.58%	2.20%	1.01%	2.12%	3.36%	5.16%	4.96%
Jul	5.54%	5.36%	5.03%	6.08%	3.62%	1.96%	1.12%	2.10%	3.64%	5.22%	4.96%
Aug	5.56%	5.21%	5.20%	6.18%	3.47%	1.76%	1.31%	2.02%	3.87%	5.08%	4.47%
Sep	5.52%	4.71%	5.25%	6.13%	2.82%	1.72%	1.24%	2.12%	3.85%	4.97%	4.14%
Oct	5.46%	4.12%	5.43%	6.01%	2.33%	1.65%	1.25%	2.23%	4.18%	5.01%	4.10%
Nov	5.46%	4.53%	5.55%	6.09%	2.18%	1.49%	1.34%	2.50%	4.33%	5.01%	3.50%
Dec	5.53%	4.52%	5.84%	5.60%	2.22%	1.45%	1.31%	2.67%	4.35%	4.94%

12 Month Treasury Average (12 MTA)
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan	5.610%	5.599%	4.991%	5.212%	5.999%	3.260%	1.935%	1.234%	2.022%	3.751%	4.983%
Feb	5.570%	5.581%	4.940%	5.338%	5.871%	3.056%	1.858%	1.229%	2.171%	3.888%	5.014%
Mar	5.647%	5.547%	4.889%	5.458%	5.711%	2.912%	1.747%	1.225%	2.347%	4.011%	5.027%
Apr	5.733%	5.496%	4.832%	5.580%	5.530%	2.787%	1.646%	1.238%	2.504%	4.143%	5.029%
May	5.760%	5.460%	4.783%	5.703%	5.318%	2.668%	1.548%	1.288%	2.633%	4.282%	5.022%
Jun	5.748%	5.437%	4.757%	5.793%	5.102%	2.553%	1.449%	1.381%	2.737%	4.432%	5.005%
Jul	5.719%	5.422%	4.729%	5.880%	4.897%	2.414%	1.379%	1.463%	2.865%	4.563%	4.983%
Aug	5.699%	5.393%	4.728%	5.962%	4.671%	2.272%	1.342%	1.522%	3.019%	4.664%	4.933%
Sep	5.679%	5.325%	4.773%	6.035%	4.395%	2.180%	1.302%	1.595%	3.163%	4.758%	4.863%
Oct	5.657%	5.213%	4.883%	6.083%	4.088%	2.123%	1.268%	1.677%	3.326%	4.827%	4.788%
Nov	5.639%	5.136%	4.968%	6.128%	3.763%	2.066%	1.256%	1.773%	3.478%	4.883%	4.662%
Dec	5.630%	5.052%	5.078%	6.108%	3.481%	2.002%	1.244%	1.887%	3.618%	4.933%

1 Year LIBOR
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan	5.954%	5.774%	5.108%	6.659%	5.284%	2.420%	1.477%	1.461%	3.2710%	4.9412%	5.4414%
Feb	5.954%	5.836%	5.405%	6.760%	4.925%	2.496%	1.368%	1.365%	3.5114%	5.1526%	5.3328%
Mar	6.282%	5.914%	5.307%	6.970%	4.670%	3.006%	1.340%	1.340%	3.8420%	5.2476%	5.2009%
Apr	6.454%	6.024%	5.303%	6.964%	4.330%	2.613%	1.362%	1.808%	3.7101%	5.4217%	5.2967%
May	6.289%	5.930%	5.503%	7.453%	4.259%	2.634%	1.221%	2.0764%	3.7789%	5.4139%	5.3885%
Jun	6.141%	5.940%	5.803%	7.214%	4.055%	2.251%	1.201%	2.4682%	3.8632%	5.7660%	5.4048%
Jul	5.977%	5.897%	5.836%	7.047%	3.835%	2.070%	1.279%	2.4632%	4.1745%	5.5910%	5.42563%
Aug	6.079%	5.648%	6.023%	6.978%	3.600%	1.943%	1.471%	2.3001%	4.3123%	5.4501%	5.24500%
Sep	6.008%	5.186%	6.053%	6.811%	2.650%	1.813%	1.286%	2.4445%	4.4067%	5.2985%	5.27500%
Oct	5.922%	4.865%	6.313%	6.725%	2.311%	1.664%	1.455%	2.5289%	4.6765%	5.3348%	4.90125%
Nov	6.110%	5.244%	6.261%	6.618%	2.492%	1.705%	1.487%	2.9607%	4.7379%	5.2439%	4.63750%
Dec	6.079%	5.213%	6.508%	5.997%	2.445%	1.447%	1.458%	3.1004%	4.8226%	5.3139%	4.45750%

6 Month LIBOR
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan	5.711%	5.750%	5.036%	6.238%	5.361%	1.989%	1.353%	1.211%	2.9582%	4.8126%	5.4014%
Feb	5.680%	5.782%	5.168%	6.328%	4.955%	2.068%	1.336%	1.170%	3.1495%	4.9907%	5.3723%
Mar	5.961%	5.797%	5.083%	6.530%	4.711%	2.332%	1.262%	1.160%	3.3876%	5.1196%	5.3212%
Apr	6.079%	5.868%	5.075%	6.614%	4.231%	2.100%	1.290%	1.368%	3.4151%	5.2879%	5.3581%
May	6.008%	5.805%	5.193%	7.064%	3.990%	2.090%	1.223%	1.5789%	3.5314%	5.3215%	5.3844%
Jun	5.938%	5.871%	5.633%	7.014%	3.827%	1.948%	1.124%	1.9420%	3.6914%	5.6382%	5.3817%
Jul	5.829%	5.822%	5.680%	6.887%	3.694%	1.863%	1.151%	1.9857%	3.9235%	5.5473%	5.38625%
Aug	5.860%	5.692%	5.913%	6.831%	3.479%	1.815%	1.210%	1.9907%	4.0817%	5.4501%	5.32688%
Sep	5.852%	5.359%	5.974%	6.761%	2.532%	1.751%	1.180%	2.1695%	4.2154%	5.3704%	5.53500%
Oct	5.805%	5.131%	6.144%	6.721%	2.173%	1.618%	1.221%	2.3007%	4.4467%	5.3898%	5.13250%
Nov	6.039%	5.280%	6.063%	6.678%	2.101%	1.471%	1.230%	2.6239%	4.5795%	5.3495%	4.80625%
Dec	6.008%	5.172%	6.136%	6.208%	1.983%	1.383%	1.219%	2.7751%	4.6901%	5.3651%	4.91000%

3 Month LIBOR
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan	5.594%	5.758%	5.032%	6.049%	5.518%	1.862%	1.348%	1.132%	2.7439%	4.6795%	5.3601%
Feb	5.555%	5.782%	5.065%	6.104%	5.103%	1.920%	1.336%	1.120%	2.9101%	4.8192%	5.3598%
Mar	5.805%	5.758%	5.009%	6.289%	4.877%	2.031%	1.288%	1.111%	3.0995%	4.9898%	5.3479%
Apr	5.883%	5.766%	4.993%	6.393%	4.312%	1.913%	1.308%	1.176%	3.2107%	5.1479%	5.3555%
May	5.829%	5.735%	5.053%	6.838%	3.999%	1.896%	1.278%	1.3082%	3.3292%	5.2335%	5.3595%
Jun	5.813%	5.785%	5.355%	6.778%	3.791%	1.860%	1.116%	1.6039%	3.5045%	5.5085%	5.3593%
Jul	5.735%	5.758%	5.320%	6.715%	3.677%	1.823%	1.118%	1.6945%	3.6948%	5.4889%	5.36000%
Aug	5.735%	5.713%	5.505%	6.684%	3.487%	1.816%	1.142%	1.7901%	3.8720%	5.4014%	5.35866%
Sep	5.782%	5.422%	6.083%	6.816%	2.597%	1.806%	1.160%	2.0054%	4.0055%	5.3725%	5.62125%
Oct	5.766%	5.351%	6.218%	6.755%	2.232%	1.702%	1.166%	2.1582%	4.2523%	5.3729%	5.22875%
Nov	6.016%	5.377%	6.122%	6.735%	2.080%	1.432%	1.170%	2.4026%	4.4139%	5.3685%	4.89375%
Dec	5.985%	5.172%	6.005%	6.403%	1.883%	1.383%	1.157%	2.5582%	4.5298%	5.3601%	5.13125%

1 Month LIBOR
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan	5.4610%	5.7040%	4.9460%	5.8560%	5.6220%	1.8290%	1.3390%	1.0982%	2.5892%	4.5720%	5.3201%
Feb	5.4690%	5.7890%	5.0030%	5.9070%	5.2780%	1.8830%	1.3340%	1.0973%	2.6895%	4.6310%	5.3214%
Mar	5.7190%	5.7190%	4.9400%	6.1330%	5.0780%	1.8800%	1.3060%	1.0914%	2.8582%	4.8260%	5.3195%
Apr	5.7040%	5.6880%	4.9020%	6.1970%	4.4350%	1.8420%	1.3180%	1.1007%	3.0826%	5.0245%	5.3201%
May	5.7110%	5.6960%	4.9300%	6.6410%	4.0590%	1.8440%	1.3189%	1.1089%	3.1126%	5.1071%	5.3210%
Jun	5.7190%	5.7480%	5.2230%	6.6490%	3.8350%	1.8360%	1.1232%	1.3582%	3.3401%	5.3451%	5.3195%
Jul	5.6410%	5.6960%	5.1780%	6.6250%	3.7600%	1.8180%	1.1036%	1.4929%	3.5107%	5.4045%	5.32000%
Aug	5.6800%	5.7270%	5.3700%	6.6280%	3.5840%	1.8200%	1.1170%	1.6482%	3.6942%	5.3314%	5.32000%
Sep	5.6720%	5.4000%	5.3960%	6.6200%	2.6370%	1.8190%	1.1214%	1.8401%	3.8584%	5.3229%	5.72000%
Oct	5.6330%	5.2770%	5.4100%	6.6210%	2.3210%	1.7410%	1.1201%	1.9870%	4.0882%	5.3198%	5.12375%
Nov	5.7660%	5.0480%	6.5030%	6.8270%	2.1450%	1.3800%	1.1157%	2.2826%	4.2954%	5.3479%	4.70625%
Dec	5.8520%	5.1180%	5.8320%	6.5650%	1.8760%	1.3820%	1.1195%	2.4178%	4.3857%	5.3279%	5.23625%

11th District Cost of Funds Index
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan	4.821%	4.987%	4.608%	4.901%	5.514%	2.823%	2.308%	1.811%	2.183%	3.347%	4.392%
Feb	4.759%	4.968%	4.562%	4.967%	5.426%	2.744%	2.257%	1.841%	2.317%	3.604%	4.376%
Mar	4.780%	4.917%	4.519%	5.002%	5.198%	2.653%	2.210%	1.815%	2.400%	3.624%	4.299%
Apr	4.822%	4.903%	4.490%	5.078%	4.946%	2.723%	2.208%	1.802%	2.515%	3.759%	4.224%
May	4.864%	4.881%	4.480%	5.196%	4.745%	2.772%	2.130%	1.708%	2.622%	3.884%	4.293%
Jun	4.853%	4.881%	4.504%	5.357%	4.498%	2.847%	2.113%	1.758%	2.676%	4.090%	4.283%
Jul	4.887%	4.911%	4.500%	5.456%	4.274%	2.821%	2.018%	1.816%	2.757%	4.177%	4.277%
Aug	4.904%	4.899%	4.562%	5.509%	4.106%	2.763%	1.946%	1.875%	2.870%	4.277%	4.359%
Sep	4.941%	4.882%	4.608%	5.548%	3.974%	2.759%	1.923%	1.931%	2.972%	4.382%	4.383%
Oct	4.957%	4.762%	4.666%	5.589%	3.628%	2.708%	1.909%	1.960%	3.074%	4.346%	4.233%
Nov	4.949%	4.691%	4.773%	5.607%	3.368%	2.537%	1.821%	2.025%	3.190%	4.358%
Dec	4.963%	4.655%	4.852%	5.617%	3.074%	2.375%	1.902%	2.118%	3.296%	4.396%

Certificates of Deposit Index
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan	5.393%	5.625%	5.413%	5.418%	6.428%	3.363%	1.688%	1.132%	1.693%	3.674%	5.217%
Feb	5.412%	5.639%	5.359%	5.511%	6.366%	3.077%	1.643%	1.113%	1.836%	3.837%	5.266%
Mar	5.432%	5.643%	5.303%	5.613%	6.262%	2.828%	1.586%	1.098%	1.996%	3.996%	5.301%
Apr	5.461%	5.633%	5.245%	5.730%	6.116%	2.607%	1.533%	1.085%	2.163%	4.158%	5.324%
May	5.489%	5.623%	5.189%	5.879%	5.892%	2.423%	1.483%	1.083%	2.332%	4.318%	5.338%
Jun	5.506%	5.618%	5.150%	6.013%	5.643%	2.263%	1.419%	1.118%	2.492%	4.483%	5.336%
Jul	5.512%	5.618%	5.121%	6.132%	5.392%	2.107%	1.358%	1.162%	2.658%	4.640%	5.324%
Aug	5.528%	5.616%	5.107%	6.232%	5.131%	1.961%	1.303%	1.212%	2.833%	4.774%	5.333%
Sep	5.536%	5.600%	5.114%	6.323%	4.820%	1.868%	1.247%	1.277%	3.000%	4.897%	5.343%
Oct	5.556%	5.563%	5.191%	6.368%	4.457%	1.820%	1.194%	1.355%	3.174%	4.997%	5.323%
Nov	5.586%	5.522%	5.254%	6.423%	4.072%	1.767%	1.171%	1.451%	3.345%	5.081%
Dec	5.616%	5.467%	5.330%	6.456%	3.687%	1.726%	1.151%	1.563%	3.512%	5.153%

Wachovia Cost of Savings Index
Month	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Jan	4.98%	5.04%	4.67%	4.69%	5.54%	3.27%	2.47%	1.85%	2.19%	3.36%	4.73%
Feb	5.01%	5.04%	4.63%	4.75%	5.47%	3.15%	2.30%	1.85%	2.28%	3.46%	4.75%
Mar	4.99%	5.02%	4.60%	4.78%	5.35%	3.04%	2.25%	1.85%	2.39%	3.56%	4.75%
Apr	4.98%	5.02%	4.58%	4.84%	5.21%	2.98%	2.17%	1.85%	2.52%	3.66%	4.79%
May	5.00%	5.03%	4.55%	4.96%	5.47%	2.94%	2.14%	1.85%	2.61%	3.79%	4.76%
Jun	5.07%	5.01%	4.52%	5.03%	5.03%	2.92%	2.12%	1.88%	2.70%	3.94%	4.90%
Jul	5.10%	4.99%	4.50%	5.11%	4.60%	2.89%	2.06%	1.91%	2.78%	4.11%	4.90%
Aug	5.10%	4.95%	4.47%	5.25%	4.39%	2.85%	2.03%	1.94%	2.89%	4.34%	4.85%
Sep	5.09%	4.92%	4.48%	5.28%	4.19%	2.81%	1.95%	1.97%	2.97%	4.49%	4.88%
Oct	5.08%	4.91%	4.50%	5.37%	3.89%	2.74%	1.87%	2.00%	3.06%	4.60%	4.90%
Nov	5.07%	4.85%	4.56%	5.46%	3.59%	2.63%	1.86%	2.02%	3.14%	4.65%
Dec	5.04%	4.79%	4.64%	5.52%	3.39%	2.56%	1.85%	2.08%	3.24%	4.69%

Thank you,

Billy Sorrentino
ADVISOR * Branch Director

"Maintaining Honesty & Strength In The U.S. Housing Markets"

The Prime Financial Group Inc.
110 West Indiana Avenue, Suite 204
Deland, Florida 32720

(386) 852-7201 PHONE
(407) 386-7504 EFAX
PrimeFinancialGR@aol.com

Payment Lowering Programs
Foreclosure Prevention Programs
FHA, VA Home Loans
First Time Home Buyer Programs
1st & 2nd Mortgages
Mortgage & Real Estate Advice

Visit Our Branch Listing Online At:
http://localism.com/agents/primefinancialgr

Applying Economic Data To Interest Rate Volatility 12/13/2007

2007-12-13T10:23:13Z

Applying Economic Data to Interest Rate Volatility

Bull

Blackstone raises $1.3 Billion to purchase distressed mortgage or CDO's. Remember, Goldman Sachs has estimated the global loss for sub-prime mortgage to range in the $75 Billion number. Its a drop in the bucket, but a start.

Bear

"The Blue Light Special on Isle 3" - brought consumer's out for a 1.2% retail sales increase.
- More jobs & higher income may cushion the damage from $3-a-gallon gasoline & declining home prices, preventing a collapse in demand
- Producer Pricess Rise 3.2%, Core up 0.4% - fastest pace in 34 years in November
European Central Bank benchmark interest rate remains 95 b/pts (LIBOR) above

Builders Feeling Wrath Of Buyers: Do They Deserve It?

2007-12-13T10:19:43Z

Builders Feeling Wrath Of Buyers: Do They Deserve It?

I realize we're in the doldrums of December, not exactly a hot time in housing, even during a boom cycle, but I'm hearing some disconcerting rumblings from some builders, anecdotally speaking of course.

One mid-sized private builder told a friend of mine that potential customers coming through their model-home doors are openly hostile. They're not just looking for good deals; they're looking for payback.

Apparently some of today's new homebuyers blame the builders outright for the current housing predicament. They are telling unwitting sales reps that they are to blame for running up prices and foisting untenable loans on clients during the latest housing boom. Buyers are telling the sales people stories of how rudely they were treated during the boom, how they were told that if they didn't want to take the deal they could stick it, because there was a line of buyers right behind them.

Another builder told someone else I know that buyers today aren't just low-balling, they are making truly ridiculous offers, like half the asking price. I guess I'm not surprised at the offers, but the hostility is, I think, a little much. Sure, the builders overbuilt, and sure, prices surged with the demand. Was there aggressive lending? Absolutely.

But the builders are paying for it now. Just take a look at any public builders' latest earnings report, and you'll see what I'm talking about, not to mention their now-aggressive sale pricing; and don't even bother to look at their stocks! As for private builders, many are shutting their doors; others are cutting back and tightening belts. Trust me, they're all paying for it.

But back to the hostility. Are the builders really to blame for today's housing recession? Partially, for sure, but I really can't stand it when everyone blames the current debacle on builders, lenders, banks, and realtors. Buyers were there, on the front porches, outbidding each other and signing up for no-money down loans that clearly stated in black and white that the interest rate was temporary. Everyone gambled on housing, fair and simple, so ease up people.

PRIVATE INVESTOR (Hard Money) Commercial Real Estate

When a homeowner in Florida is FORECLOSED on by a national lender/bank, can the lender/bank go after the individual for their liquid assets? (ie. stocks, checking, savings, 401k)

When a homeowner in Florida is FORECLOSED on by a national lender/bank, can the lender/bank go after the individual for their liquid assets? (ie. stocks, checking, savings, 401k)

Does The FED RATE CUT affect 30 Year Mortgage Rates?? I was scolded for no reason on this one.

I am seeking Commercial Real Estate For Sale (Orlando, FL & Los Angeles, CA)

Current Interest Rates After FED cut today

**Seeking REO Specialist REAL ESTATE AGENT**

Housing Crisis: I'm Offering A Glimmer Of Hope

NON-PROFIT MORTGAGE COMPANY*****REO PROPERTY FOR SALE

NON-PROFIT Mortgage Branch / Read This Deal HOMEBUYERS are getting********

I'm needing direct contact information for: BANK REO Properties.*Investor ready to go*

CURRENT AND PAST RATES*****CHECK THIS OUT*****1997-2007

Applying Economic Data To Interest Rate Volatility 12/13/2007

Builders Feeling Wrath Of Buyers: Do They Deserve It?

Seeking REO Specialist REAL ESTATE AGENT

I'm needing direct contact information for: BANK REO Properties.Investor ready to go

CURRENT AND PAST RATESCHECK THIS OUT1997-2007