East Bay Mortgage Market Update for January 19th 2011

By
Real Estate Broker/Owner with Executive Brokers Real Estate Group
http://actvra.in/4dl

East Bay Mortgage Market UpdateEast Bay Mortgage Market Update for January 19th 2011

Economic News:  So far this week there has not been a lot of economic data but what there was directly related to the housing market. The Housing Market Index (A report by Homebuilders) was reported at 16 for the third straight month. Although the figure is weak there was a bright spot in that buyer traffic is up. Noted in the same report is that the construction finance market remains constrained. Housing Starts, reported today, came in lower than consensus with declines in all regions except the West which was up 45.8%. Weakness in some markets was more than likely weather related to some extent. There was an interesting article yesterday from SmartMoney.com regarding Four Reasons to Buy a Home Now.

Mortgage Markets: The 10 Year Note closed trading today at 3.337% which is basically unchanged from Friday's last update. Mortgage Backed Securities were a bit choppy but gained steam with the equity market losses.

This Week's Reports: Tuesday: Housing Market Index Wednesday: Housing Starts Thursday:  Jobless Claims, Existing Home Sales & Philadelphia Fed Survey

While I do not originate loans I enjoy staying abreast of mortgage & market conditions. If you are thinking of purchasing a home the first step is to meet with a mortgage professional. I will gladly provide several top notch Bay Area advisors for your review if you are in need of a referral.

Stay tuned for the Next East Bay Mortgage Update

Posted by

Thinking of Buying, Selling or would just like to discuss what's going on in your neighborhood?

 Call...

Doug Anderson

Doug Anderson An Independent Real Estate Broker - Executive Brokers, sm

 800.900.2634 Toll Free...925.974.1171 Direct...925.570.0611 Mobile

 

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Any statistics were compiled from Public Records and other industry sources and are deemed reliable but not guaranteed. Any square footage quoted is approximate and requires buyer verification. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, family status or national origin.

 

Equal Housing Opportunity

© J. Douglas Anderson 2010-2013 All Rights Reserved

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Rainmaker
1,198,921
John Pusa
Sellstate Pacific Realty - Glendale, CA
Your All Time Realtor With Exceptional Service

Doug - Thank you for sharing a very good blog about mortgage market update for January.

Jan 20, 2011 12:02 AM #1
Rainmaker
382,234
Doug Anderson
Executive Brokers Real Estate Group - Danville, CA
Doug Anderson's Bay Area Real Estate Views

Thank you John.

Jan 20, 2011 12:11 AM #2
Rainmaker
470,515
Cara Marcelle Mancuso
Long Realty - Dove Mountain, Marana AZ - Tucson, AZ
Call a Marana neighbor, I'm THERE!

Buyer traffic is always good!  People ask how things are going in Tucson, and I'm thankful to say there are still plenty of buyers!

Jan 20, 2011 11:58 AM #3
Rainmaker
562,448
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Doug,

Great stats; I'm looking forward to the other news coming this week.

 

Best,

Steve

Jan 20, 2011 12:48 PM #4
Rainmaker
382,234
Doug Anderson
Executive Brokers Real Estate Group - Danville, CA
Doug Anderson's Bay Area Real Estate Views

Good news from Tucson Cara.

Jan 20, 2011 02:39 PM #5
Rainmaker
382,234
Doug Anderson
Executive Brokers Real Estate Group - Danville, CA
Doug Anderson's Bay Area Real Estate Views

Steve - Existing Home Sales out today was positive.

Jan 20, 2011 02:40 PM #6
Rainmaker
562,448
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Doug,

You know positive is one of my favorite things. Have a great week!

Steve

Jan 24, 2011 01:09 PM #7
Rainmaker
382,234
Doug Anderson
Executive Brokers Real Estate Group - Danville, CA
Doug Anderson's Bay Area Real Estate Views

Positive news is always welcome Steve. Thanks and have a great week as well.

Jan 24, 2011 01:37 PM #8
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Doug Anderson

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