San Diego Mortgage

Mortgage market and interest rate commentary from Bruce Brown, CMPS with Pulaski Bank Home Lending and radio host of Dollars and Homes on KCMO Talk Radio 710 in Kansas City.

07: CONSUMER PRICE INDEX- ECONOMIC REPORTS FOR ALL MARKETS This is the 7th video in a series on economic reports created for all markets, or for those who simply have an interest in economics. In this lesson we cover the Consumer Price IndexCheck out the entire free forex course (in process): www.FreeForexAcademy.com The Free Forex Academy is a partner of InformedTrades.com, a community of traders dedicated to learning. At the Free Forex Academy, we are in the beginning stages of creating an entire comprehensive series of courses on forex trading. This section is on economic reports, and the information in it applies to all markets. Learn Forex for free! Take the entirely free course at the link above or on youtube. Practice live forex trading with real time charts and live price feeds for free while you learn. Get a totally free virtual trading account here- http Link to the Consumer Price Index: www.bls.gov Text from vid: The CPI measures the changes in retail prices for goods and services. In the US, it is considered the number one indicator for inflation, and it is one of the main economic reports the Fed uses when determining when to change interest rates. I’ll post a link for the report in the text next to the video. If you have not done so already, you may want also watch my video on inflation in the Understanding Economics section. The consumer price index measures a weighted basket of about 200 commonly purchased goods and services. Each month, the BLS determines …

Villas Tranquilidad is one of the leading options in Playa del Carmen Real Estate; these 6 luxury villas are at the north end of Playa del Carmen, only 30-45 minutes from the Cancun international airport. They are located in “El Cielo,” a private, gated subdivision for high-end residential developers. El Cielo includes a residential a commercial component, at the entrance from the Playa del Carmen Cancun highway, a residential condo and home component in the middle of the property, and a condo / hotel component on the beachfront. Villas Tranquilidad is located in the center section for added privacy; it is only 800 meters (about half a mile) from the Caribbean beachfront with its soft, white sands and famous turquoise blue water. El Cielo includes 27 acres in a beautiful natural setting, 187 lots (residential, commercial and hotel), 14 designated ecological or green areas, modern urban infrastructure, wide avenues, and complete underground utility for visual appeal. There is also professional 24 security at all access points. In the surrounding area, known as the Riviera Maya, there are numerous golf courses; the areas has become known as Latin America’s golf capital. The nearby “El Camelion” course in Maya Coba is a world class championship golf course, home to the only PGA event in Mexico. The villas themselves have a contemporary Mexican design, 3 storeys, and 1620 square feet of living space. There are 3 bedrooms and 25 bathrooms in each villa. The floor is tiled with …

05 UNDERSTANDING ECONOMICS: INFLATIONCheck out the entire free forex course (in process): www.FreeForexAcademy.com The Free Forex Academy is a partner of InformedTrades.com, a community of traders dedicated to learning. At the Free Forex Academy, we are in the beginning stages of creating an entire comprehensive series of courses on forex trading. This is the 5th vid in the fundamentals section- a section that applies, not just to forex, but to all markets, or for those simply interested in economics. Practice forex trading with real time charts and live price feeds for free while you learn. Get a totally free virtual trading account here- http Text from vid: Inflation is defined as an overall increase in the price level. Or, in other words, an overall decrease in the purchasing power of the dollar. When inflation occurs, currency buys fewer goods and services. The most effective tool used to gauge the level of inflation is the Consumer Price Index, or CPI. The Consumer Price Index is a basket of about 400 commonly purchased goods and services that is used to represent overall consumption. Each month, the Department of Labor checks the prices of these 400 different items in 85 areas all over the US Inflation exists when the average cost of the items is rising. If the average cost of these items remains the same, there is no inflation, even though most likely the prices went up on some of the items, while the prices went down on others. The overall percentage of increase …

Hello Friends! wealthcreationteam.ning.com Finally, progress on President Obama’s refinance initiatives he spoke about in Arizona nearly 6 weeks ago! Both Fannie Mae and Freddie Mac have announced their programs for those home owners that currently have their first mortgages backed by either of the two. With Fannie Mae’s DU Refi Plus program and Freddie Mac’s Relief Refi Mortgage, the automated underwriting systems have been updated to start accepting applications to be ran through DU and LP for loan approvals. There is still a big learning curve not only for the mortgage planner and their team processing your loan but for the investor or lender funding these deals, so patience will be imperative as you begin the process. I strongly suggest going in with low expectations so you can come out on the “other side” pleased if things don’t go terribly wrong. Again, as I have outlined in my past videos and blogs, the benefits of these programs mainly will be for the ability to refinance your first mortgage to 105% of your current value, limited or nearly no documentation for your income or assets, in many cases no appraisal will be needed, no mortgage insurance required if you currently do not have MI on your loan and finally limited fee or penalty for challenged credit scores. Some major challenges or disappointments I see currently are the inability to help those people that currently have second loans, government loans like FHA, VA or USDA loans and initially those of you …

AIG saved by the Fed. Systemic risk from the financial community seems to be upon us and finally someone is paying the Piper. The question is will it be the businesses that made the systemic risk possible, by being high leveraged and ignore risk management models, or will it be you (the everyday Joe) that will end up paying the piper through higher taxes and inflation. The Central Banks, Government and others directly or indirectly interfere under the guise that if they didn’t we’d be worse off. But we’re told at the beginning of the game that we operate in free markets? That pure capitalism is to be the saviour of the world? Now we’re told, no sorry we’re changing the rules (not just in the financial markets but in everyday life as well, but there just a little easier to see in the financial markets). The rulers have now decided the rules will apply now on a case by case basis! This allows them (those in the know) to prepare for anything and everything and you to take the risk and pick up the tab on anything and everything, Nice!!! If you’re aware of this manipulation and you should be by now, then it’s now time for you to do two things: 1) Stand up and campaign for freedom and not allow the manipulation and regulation they will put through to oppress and change the rules to the masses. 2) Prepare for the worse of times, by learning how to be self sufficient. Hopefully the worst of times won’t come upon us but it may so be like the scouts and be prepared. Finally always …

realestatemarketingthisweek.com – $8000 tax credit for first time home buyers with low down payment – Part 3 – We have back in the studio today Mr. Dan Havey. Dan and I have worked together in the mortgage industry for about 14 years and we are happy to have him back. He has seen a lot of changes in the market and thanks again for being here. Michael, here is a question I wanted to ask you, there is so much misconception in the marketplace today as far as what is still available for financing. I think a lot of people have this idea that it is impossible to finance a loan or get a mortgage or that you have to be able to put 20% down or have a 720 FICO score. Can you let people know whats really going on out there? Well you know a lot of things have gone away. There are a lot of those old loan programs that were fancy ways to sell money and finance real property and a lot of thats gone. The reality of it is, if a person has a minimal amount of money down, there is absolutely financing through the Federal Housing Administration with 3.5% down. You can buy up to about $358000 with only 3.5% down. Now with Fannie Mae and Freddie Mac, we actually do have a few investors that will allow us to only put 5% down with those and that loan amount maximum is $417000. So there is still plenty of financing for primary residences. Now in regard to looking at investment properties believe it or not there are actually still some stated income loans out there, but the stated income loan is …

The August edition of This Month in Real Estate explores why waiting for lower home prices could actually cost you more.

21 Century Great Depression causes and what to do. Causes: The snowball spiral caused by debt started the decline in the American economy. Concerns in the US include national and external debt, entitlement liabilities for retiring baby boomers who have already begun withdrawing from their Social Security accounts, corporate debt, mortgage debt, a low savings rate, falling house prices, a falling currency, and a large current account deficit. As of June 2008, the gross US external debt was over $13 trillion, the most external debt of all countries in the world. The 2007 estimate of the United States public debt was 65% of GDP. As of September 2008, the total US federal debt was approximately $9.7 trillion, about $31700 per capita. Including unfunded Medicaid, Social Security, Medicare, and similar promised obligations, the government liabilities rises to a total of $59.1 trillion, or $516348 per household. The primary economic concerns have centred on: high national debt ($9 trillion), high corporate debt ($9 trillion), high mortgage debt (over $10 trillion as of 2005 year-end), high unfunded Medicare liability ($30 trillion), high unfunded Social Security liability ($12 trillion), high external debt (amount owed to foreign lenders), high trade deficits, and a serious deterioration in the United States net international investment position (NIIP) (-24% of GDP). In 2006, the US economy had its lowest saving rate since 1933. These issues have raised concerns among economists …

’It’s not a tax if you call it something else…’ Clever Girl. She’s already figured out how to game the Washington-speak… she’s figured out double-talk and how avoiding the issue is just the thing to get by in Washington. No WONDER McCain says she’s ready for Washington – HELL, She’s Got The GAME down PAT! Probably is, America wants the game CHANGED – and BEING a game-changer is one thing… but when you play the same game by the same old rules, you aren’t really going to change ANYTHING. McCain. Palin. The Oil Industry. The Financial Industry. The Drug Companies. Foreign Governments. They are ALL directly lobbyist connected to the McCain campaign. Do you REALLY think that John McCain is going to be able to ride these horses all the way to the White House and then turn around and say ‘thanks, but no thanks’ to their involvement in the affairs of this country? He can’t even choose his own running mate. How will he run the government without the influences that already surround him. Scary, but true. And it is interesting to see that Sarah Palin has already figured out the deep pockets of the oil industry are the ones to pursue in the quest for black gold. She knows how to spin a story, re-word things to avoid real answers – AND she is caught on video lying about raising taxes by calling it ’something else’. America. Do you want more of this kind of behavior in YOUR White House? Would you tolerate it in your OWN house? Why let it into the center of our own cherished …