Beverly Glen, Friday September 19th, 2008 Interest Rate Update for Homes In The Glen:
With the uncertainty of the credit markets as well as the secondary mortgage institutions Fanny Mae and Freddie Mac, mortgage rates have ticked up a little this week. Here are the approximate interest rates for this week of September 19th. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,000) - 5.75%
Agency Jumbo Loan (loan amount $417,000 - $729,750) - 6.0%
Jumbo Loan (loan amount over $729,750) - 7.5%.
An alternative to the high interest rate of the 30 year fixed jumbo is the 10 year fixed
converting Jumbo loan (loan amount over $729,000)- 6.5%.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703. Posted by Mickey Kessler at 8:24 AM
Monday, September 29, 2008
Tuesday, September 23, 2008
COMING ON THE MARKET SOON . . .
Just the other day I was asked by another real estate agent to take a look at a home they were planning to list and put on the market soon. It's a common practice in the real estate business to consult with other agents familiar with the neighborhood where a prospective listing is located. The purpose is to brainstorm about list price, repairs and upgrades prior to going on the market, etc. I was asked if I could stop by and offer my thoughts and I was happy to oblige.
The home I saw was a wonderful surprise. It is located off the main road up in the hills and has a very lovely outlook. The home is in good condition and the grounds are very nice. At this point the home is not listed and therefore I can't quote a list price but I may be able to show it to prospective buyers as a "pocket listing".
If you have more questions or would like to see this home, contact me at mkessler@verizon.net or 310-367-2333.
The home I saw was a wonderful surprise. It is located off the main road up in the hills and has a very lovely outlook. The home is in good condition and the grounds are very nice. At this point the home is not listed and therefore I can't quote a list price but I may be able to show it to prospective buyers as a "pocket listing".
If you have more questions or would like to see this home, contact me at mkessler@verizon.net or 310-367-2333.
Sunday, September 14, 2008
New Listing at 1110 N. Beverly Glen Blvd!
Open Today Sunday September 14th. 2-5 PM!
1110 N. Beverly Glen Blvd.
$1,495,000
This is one of my new listings and I'm very excited about it. It is listed for $1,495,000 (previously listed with another broker for $1,975,000)!
This home has it all! Elegant, substantial & quiet 4 bedroom, 4 bath(3,656 s.f.) Cape Cod-Traditional home in the lower Glen, built in 1992, located in the Warner Avenue School district. This home features formal living & dining rooms with high ceilings.
The family room has hardwood floors, fireplace & French doors and opens to a lovely, private patio/yard surrounded by lush gardens. Huge kitchen with granite counters, Subzero refrigerator, center isle & endless storage. 1 bedroom at lower level, 3 beds up. Master suite with soaring ceilings, office, fireplace, walk-in closet & huge bath with 2 sinks & spa tub. Attached, direct-access 2 car garage, 3-zone AC! For more information email us at the Westoodian at mkessler@verizon.net or call Mickey Kessler at 310-442-1398 or 310-367-2322.
Friday, September 12, 2008
INTEREST RATE UPDATE
Friday September 12th, 2008 Interest Rate Update:
With the news that secondary mortgage market institutions Fanny Mae and Freddie Mac have been taken over by the federal government, rates have dropped again for the second time in two weeks. Here are the approximate interest rates for this week of September 12th. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,000) - 5.625%
Agency Jumbo Loan (loan amount $417,000 - $729,750) - 5.875%
Jumbo Loan (loan amount over $729,000) - 7.125%.
An alternative to the high interest rate of the 30 year fixed jumbo is the 10 year fixed converting Jumbo loan (loan amount over $729,000)- 6.5%.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703. Posted by Mickey Kessler at 8:24 AM
With the news that secondary mortgage market institutions Fanny Mae and Freddie Mac have been taken over by the federal government, rates have dropped again for the second time in two weeks. Here are the approximate interest rates for this week of September 12th. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,000) - 5.625%
Agency Jumbo Loan (loan amount $417,000 - $729,750) - 5.875%
Jumbo Loan (loan amount over $729,000) - 7.125%.
An alternative to the high interest rate of the 30 year fixed jumbo is the 10 year fixed converting Jumbo loan (loan amount over $729,000)- 6.5%.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703. Posted by Mickey Kessler at 8:24 AM
Friday, September 5, 2008
INTEREST RATE UPDATE
Beverly Glen, Saturday, Friday September 5th, 2008 Interest Rate Update for Homes in the Glen:
There has been some volatility in the mortgage market with reports of the instability of the secondary mortgage market institutions (Fanny Mae and Freddie Mac) as well as some instability in the bond market. As a result, rates have come down a little since last week. Here are the approximate interest rates for this week of September 5th. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,000) - 6.0%
Agency Jumbo Loan (loan amount $417,000 - $729,750) - 6.125%
Jumbo Loan (loan amount over $729,000) - 7.5%.
An alternative to the high interest rate of the 30 year fixed jumbo is the 10 year fixed converting Jumbo loan (loan amount over $729,000)- 6.5%.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.
Posted by Mickey Kessler at 8:24 AM
There has been some volatility in the mortgage market with reports of the instability of the secondary mortgage market institutions (Fanny Mae and Freddie Mac) as well as some instability in the bond market. As a result, rates have come down a little since last week. Here are the approximate interest rates for this week of September 5th. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,000) - 6.0%
Agency Jumbo Loan (loan amount $417,000 - $729,750) - 6.125%
Jumbo Loan (loan amount over $729,000) - 7.5%.
An alternative to the high interest rate of the 30 year fixed jumbo is the 10 year fixed converting Jumbo loan (loan amount over $729,000)- 6.5%.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.
Posted by Mickey Kessler at 8:24 AM
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