18 Mar 2013
By Mark Feder
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What’s Ahead For Mortgage Rates This Week: March 18th, 2013

Mortgage Rates
Last week's positive employment reports were good news for the economy, which typically causes mortgage rates to rise, but mortgage rates ended the week lower. As of Thursday, Freddie Mac reports that the average mortgage rate for a 30-year fixed rate mortgage was 3.63 percent with borrowers paying their closing costs and 0.8 percent in discount points. The average mortgage rate for a 15 year loan was 2.79 percent with borrowers paying their own closing costs and 0.8 percent in discount points. Strong Retail Sales Show Consumer Confidence Improving In other economic news, retail sales for February surpassed Wall Street…
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15 Mar 2013
By Mark Feder
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5 Quick Tips To Get A Better Price On Your Home Purchase

Real Estate Tips
When you are looking to buy a home, it is important to keep in mind that no real estate price is set in stone. There is always room for negotiation, and with the right techniques you may end up saving thousands of dollars on your dream house. However, it can be tricky to get the right reaction when you are negotiating. Here are a few tips that will help you to haggle your way to the best deal. Find Out The Seller's Motivation If they really need to move and sell the property, it will be easier to convince them…
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14 Mar 2013
By Mark Feder
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4 Critical Tips When Purchasing Foreclosure Real Estate

Real Estate Tips
Buying a foreclosed property in Solana Beach and the surrounding area can be different than buying other types of real estate. In many cases you will be able to get a fantastic deal on a home, but you will need to go through quite a bit of work and negotiation. Here are four tips to help you navigate the foreclosure buying process: Find the right real estate agent The first thing to keep in mind is that your real estate broker will deal directly with the bank that owns the foreclosed property. The bank has the final say in whether…
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13 Mar 2013
By Mark Feder
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Surprisingly Strong Jobs Report May Affect Mortgage Rates

Housing Analysis
Last week's jobs report -- a combination of the Department of Labor's Non-farm Payrolls Report and Unemployment Rate -- provided investors and job seekers with unexpected good news. Job growth for February handily exceeded most economists expectations of 160,000 by adding 236,000 new jobs. According to the Bureau of Labor Statistics, employment increased in business and professional services, construction and healthcare: Business and professional services added 73,000 jobs Construction added 48,000 jobs. Of these, 17,000 jobs were for residential construction. Healthcare added 32,000 jobs Since September, construction employment has risen by 151,000. This increase in construction jobs may point to…
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