realtor snapshot: Strong Economy Drives Up High End Sales - 11/24/14 04:03 AM
Strong Economy Drives Up High End Sales
Realtors say the red hot stock market is driving high-end home sales, but the heat is also being stoked by something far more fundamental. There are simply more high-end homes for sale. Dallas, Atlanta, Phoenix and Nashville have at least two times more homes for sale in the top tier than the bottom tier, according to a new report from Zillow. And they are selling.
For more on this topic as well as current Mortgage Rate Information, click here.
Strong Economy Drives Up High End Sales
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realtor snapshot: Increase in New Home Sales - 09/30/14 08:20 AM
 
Increase in New Home Sales  
Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course.
The Commerce Department said on Wednesday sales jumped 18.0 percent to a seasonally adjusted annual rate of 504,000 units. That was the highest level since May 2008 and marked the second straight month of gains.
Read the full article and find out how mortgage rates are trending this week by clicking here.
Contact us today to automatically receive our weekly Realtor Snapshot.  You will be added to our … (0 comments)

realtor snapshot: Rates at a Glance for This Week - 08/18/14 05:54 AM
Rates at a Glance for This Week
Each week, we bring you an inside look at how mortgage rates are performing.  If you’re thinking of purchasing or refinancing, you can use this information to help you decide if now is the right time for you.  If you’re still not sure and need some guidance, give us a call, we are happy to help!
 
Find out how rates are performing this week by clicking the photo below:

Rates at a Glance for This Week
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realtor snapshot: Rates Expected to Remain Neutral - 07/21/14 06:55 AM
Rates expected to remain neutral this week according to Sigma Research.  You can find out more by accessing this week's Realtor Snapshot here.  In addition, if you have ever wondered what causes rates to move, you can also find out by reading this week's Realtor Snapshot. Click below for more info:

Be sure to share this information with anyone you know who has been thinking of purchasing or refinancing, and as always - WE APPRECIATE YOU and YOUR REFERRALS!!   Have a wonderful week!
Rates Expected to Remain Neutral
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realtor snapshot: This Week's Mortgage Rate Summary - 07/14/14 02:55 AM
This Week’s Mortgage Rate Summary
Rates are expected to remain neutral this week in the mortgage industry.  You can find out more information by clicking here and reading our Weekly Rate Insider.
Our goal is to inform our clients and help you to make the right decision when considering a home purchase or refinance.  Give us a call and we will help you decide if now is the right time to lock your loan!
This Week’s Mortgage Rate Summary
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realtor snapshot: Weekly Rate Insider - 06/23/14 11:26 AM
Weekly Rate Insider
According to Sigma Research there will be a lot of economic data this week that will likely have a big effect on the bond market, and overseas issues are expected to play a strong role as well. Volatility will be high as the markets and mortgage pricing are likely to move on any large deviations of expected economic news.  
Click the photo below to see this week’s Weekly Rate Insider and see what is currently trending in regards to mortgage rates.

If you have any questions or if you are an agent needing to pre-qualify a client, give … (0 comments)

realtor snapshot: This Week’s Mortgage Rates - 06/16/14 03:20 AM
This Week’s Mortgage Rates
 
Sigma Research says there will be lots of economic data this week that is likely to have a great effect on the bond market, and that overseas issues will play a strong role.   That being said, the forecast for this week shows mortgage rates will remain neutral.
You can find out more by clicking the photo below:

 
If you are a real estate professional, please share this information with your clients and contact us if you have anyone that needs to be pre-qualified.
 
This Week’s Mortgage Rates
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realtor snapshot: Household Net Worth Creeps to Record High - 06/09/14 04:30 AM
U.S. household net worth nudged up 2 percent to a record high $81.8 trillion in the first quarter as the stock market continued its upward climb and property values rose, according to data from the Federal Reserve.
Read the rest of the article and find out what is going on this week with mortgage rates by clicking the photo below:

(Note: The Realtor Snapshot page is updated weekly, so if it is not showing the information you are looking for, please contact us and we’ll get you what you need!)
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realtor snapshot: E-Mortgages Will Speed Up Closings, Cut Costs - 06/02/14 03:18 AM
E-Mortgages Will Speed Up Closings, Cut Costs
An electronic mortgage process could cut 30 days off of the average 52 days it takes to close a loan, according to a team developed by Fannie Mae to study e-mortgages.  What's more, going paperless could save the mortgage industry an average of about $1,100 per mortgage-or about $1 billion a year.
To read the full article and find out what is currently going on with mortgage rates, click the photo below.

If you or one of your clients needs to be pre-approved, please give us a call today.
E-Mortgages Will Speed Up Closings, … (0 comments)

realtor snapshot: FHA borrowers may be able to lower their MIP - 05/27/14 06:05 AM
FHA borrowers may be able to lower their mortgage insurance premiums if they agree to undergo housing counseling.  To find out more as well as current mortgage rate information, please check out our Realtor Snapshot page by clicking the photo below.

 
(Note:  The Realtor Snapshot page is updated weekly, so if it is not showing the information you are looking for, please contact us and we'll get you what you need!)
If you are a consumer and have questions about this, please give us a call and we will help you out.  If you are a Realtor and have … (2 comments)

realtor snapshot: Buying Beats Renting After Two Years - 05/05/14 07:07 AM
Buying Beats Renting After Two Years
"Rents keep rising, and mortgage rates remain very low, which is helping to skew the rent vs. buy decision toward buying for those who can afford it," says Stan Humphries, chief economist for Zillow.com, the housing and mortgage firm behind a rent-versus-own study.
To find out more as well as current mortgage rate information, please check out our Realtor Snapshot page by clicking the photo.

(Note: this page is updated weekly, so if it is not displaying the information you are looking for, contact us directly and we'll get you what you need.)
Please share … (0 comments)

realtor snapshot: Pending & Existing Home Sales on the Rise - 04/28/14 03:12 AM
Pending & Existing Home Sales on the Rise
US home buyers signed more contracts this March, as weather in much of the country improved and as more listings came on the market.  This is a good sign for our national economy as we move forward into the Spring season.  You can find out  more about this as well as information on current mortgage rates by visiting my Realtor Snapshot page.  Just click the photo below.

(Please note the Realtor Snapshot page is updated weekly, so if it is not displaying the information you are looking for, please let us know and … (0 comments)

realtor snapshot: U.S. Housing Starts Climb in March - 04/21/14 09:34 AM
Groundbreaking for single-family homes, which makes up the largest segment of the market, surged to 6% last month on a national level.  To read more about this, visit our Realtor Snapshot for this week.  Here, you will also find information on current mortgage rates and a mortgage rate forecast.  Click below to be redirected to our Realtor Snapshot page.

(The Realtor Snapshot page is updated weekly, so if it is not displaying the information you are looking for please contact us and we'll get you what you need.)
With all of the new homes being built, it will make it … (0 comments)

realtor snapshot: Foreclosure Rates Fall To Lowest Level Since 2007 - 04/14/14 02:35 AM
Foreclosure rates fall to lowest level since 2007, giving us yet another sign that the Spring housing market will be a strong one.  Find out more on this topic as well as what is going on currently with mortgage rates in this week's Realtor Snapshot.  (Click the photo below for access.)

(The Realtor Snapshot page is updated weekly, so if it is not displaying the information you are looking for let us know and we'll get you what you need.)
Whether you are an agent who needs to pre-qualify a client, or if you are a home buyer in need … (0 comments)

realtor snapshot: Strong Spring Ahead in Real Estate - 04/07/14 03:35 AM
Visits from desktop computers to real estate sites rose dramatically last month, signaling a strong spring ahead in real estate.  So, what does this mean to you?  Well, if you are looking to purchase or sell a home, now is the time to do it! If you are a real estate agent, now is the time to BE PREPARED for a busy season ahead!  Our Realtor Snapshot page can help you to be prepared; use it to let your clients know how rates are looking, what the projected rate forecast looks like and of course you'll want to tell them that … (2 comments)

realtor snapshot: Fannie Mae HomePath Program - 03/31/14 04:21 AM
Did you know the Fannie Mae HomePath program has been extended another month? What does this mean for you?  If you are a home buyer, it could mean up to 3.5% of the final price could go towards your closing costs.  If you are a Realtor, it means an opportunity to save your clients a lot of money.  This program is only offered in 27 states.  To find out more, go to our Realtor Snapshot page.  You can also find information on current rates on our page.

(Please remember that this page is updated weekly, so if it is not … (0 comments)

realtor snapshot: Can Buyers Needing Financing Compete with Cash Buyers? - 03/24/14 06:01 AM
Can buyers needing financing compete with cash buyers?  In this week's Realtor Snapshot, we look at a recent NY Times article that seems to think you can.  You can learn more as well as see what's going on currently with mortgage rates by checking out our Realtor Snapshot report for this week.  Just click the photo below.

(The Realtor Snapshot page is updated weekly, so if it is not displaying the information you are looking for, please let me know and I will get you what you need.)
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realtor snapshot: Mortgage Rates Likely to Worsen This Week - 03/17/14 04:06 AM
Mortgage rates likely to worsen this week due in part to the continuing crisis in Ukraine and the Chinese economy.  This is a change from last week which saw slight improvements.  You can read more and find out how Ukraine and China affect our mortgage rates by clicking the photo below and reading this week's Realtor Snapshot.

 
Also in this week's report is important Realtor information on the CFPB's new appraisal requirements.  
Our page is updated weekly, so if it is not displaying the information you are looking for let us know and we'll get you what you … (0 comments)

realtor snapshot: Has Housing Policy Really Hurt the Middle Class? - 03/10/14 03:50 AM
Has housing policy really hurt the middle class?  You can get the answer in this week's Realtor Snapshot just by clicking the photo below.  Also in this week's snapshot you will find information on current and projected mortgage rates.  Be sure to check back weekly for an update and please forward this information along to your family, friends and/or clients.

(Note:  We update our Realtor Snapshot page weekly, so if it is not displaying the information you are looking for please let us know and we'll get you what you need!)
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realtor snapshot: Rates at a Glance - 03/03/14 08:08 AM
As a Realtor, your clients will expect that they can turn to you for information on mortgage rates.  What is the current rate?  Will rates be going up?  Will rates be going down?  So many questions, and we want to make sure that you are prepared to answer these questions when they arise.  
Check out this week's Realtor Snapshot by clicking the photo.  Be sure to bookmark this page and check back weekly for an update on mortgage rates.

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Eric Gausepohl, Eric Gausepohl - Summit Lending

Eric Gausepohl

Eric Gausepohl - Summit Lending

Huntington Beach, CA

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Address: 2130 Main Street, Ste 110, Huntington Beach, Ca, 92648

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