“Oldie but a Goodie” guest this week is Pete Phillippe! Our Loan Guy! Back by popular demand. What’s new Pete?

Friday rates provided by Pete Phillippe!   This Sunday’s “Oldie but a Goodie” guest!  

Contact Pete at: 888-305-2473 or 481-2737

Much stronger then expected economic news. Stock market up, retail sales up 1.3% ,twice the forecasted amount. Consumers spent a lot more than was thought last month. If consumers are spending rapidly  fuel is being added to the overall economy , good for stocks bad for interest rates which are up . Bond sales week, investors may be losing interest in acquiring US debt .Means rates have to go up to attract purchasers of bonds and mortgage backed securities ,rates have to go up to do that on loans  then .  Lock your rates!   Ask me about getting a free credit report , showing FICO’s and your client’s credit history before they start looking for a home!      

 

              30 day locks shown on rates below

           To $417,000      4.875%   ½  pt ,  30 yr fixed,     or on a 5/1 program ,   3.875% 1 pt !!

           To $662,250      4.875%   1pt  30  yr fixed      or  on a 5/1 program ,   4.5%1 pts

           To $417,000      4.875%     1 pt  30 yr fixed    on  FHA loans    3.5% down!

           To $662,250      5%    1pt   30 yr fixed       on Jumbo FHA loans    3.5% down !              

 

 

aprs not  calculated, full doc examples with 720 ficos with conventional loans and 620 scores needed with FHA loans,  Rates and points can change depending on LTVs,  fico scores and purpose of loan.  Rates and programs subject to change.  Princeton Capital is a residential mortgage lender and a RMR Financial co. licensed by the Ca. Dept. of Corp. under the Ca Residential Mortgage lending act. lic #415-0027  . 

Real Estate Radio Show in Sonoma County now has a Smart Email Address for our Listeners to Shoot us an email on air! NodumbQuestion@gmail.com

The first thing when Allison and I consult with a new client is to state there is NO DUMB QUESTION when it comes to Sonoma County real estate. The same holds true when we are ON AIR with the radio show! Never feel your questions will be dished! There is NO DUMB QUESTION! just one needing an answer! So what better email address for the show! Whenever you wish to ask us a question via email while we are ON-AIR or ANYTIME just enter:  Nodumbquestion@gmail.com  Got a question on Short-Sales this Sunday? Our guest will be discussing this. Don’t want to go on air? THEN EMAIL us at nodumbquestion@gmail.com That’s ALL you have to do. I’ll be checking them throughout the hour on my blackberry Storm II. Now, painless questioning!! And after the show is done simply keep the email whenever you have a question on buying, selling or any related REAL ESTATE question. Just email: nodumbquestion@gmail.com  Hope to hear from you soon!

James Falcone, attorney, on Short-Sales, Loan Modifiers in Sonoma County!

Short Sales the topic of discussion tomorrow on The Real Estate Hour, KSRO, 1350AM, 9 o 10am PST. Or at www.ksro.comWe have attorney James Falcone speaking from Sacramento on Senate Bill 306 which at first blush makes many promises to those seeking a short sale but upon further review has some interesting “Thresholds” for lender response! Also, Advanced Fees, now banished, will be discussed. Did you pay a Loan Modifier? Can you get your money back? More to be discussed.

Mr. Falcone has been practicing law in California for over 20 years. He was admitted to the California Bar in 1987. He works closely with businesses and individuals in Sacramento County and surrounding areas of Northern California on real estate, business and related litigation.  

James can be read on his blog at: JFalconeLaw.wordpress.com or email him with your questions at: info@JFalconeLaw.com . Telephone is 916-442-4204.

Santa Rosa Real Estate Interest Rates! Mike Kelly’s Real Estate Show!

Pete’s BAAAAAAACK!! Here is our Lender Guy’s interest rates up date as of December 4, 2009  which we call “Pete’s  Friday  rates !” Can you say 38 years low!!     The Fed’s beige book reported improved economic conditions in eight out of the twelve regions and was optimistic about overall economic activity.  Mr.  Lacker of the Federal reserve urged the Fed to “tighten policy” to stave off  any inflation.  Unemployment figures down a little,  but  positive economic  news causes rates to go up often!  Lots of emotional responses by market.    707-481-2737  Email peterphillippe@princetoncap.

Ask me about getting a free credit report , KNOW your FICO score before looking for a home!

 

              30 day locks shown on rates below

           To $417,000      4.75%   1 pt ,  30 yr fixed,     or on a 5/1 program    4% 1 pt !!

           To $662,250      5.0%   1pt  30  yr fixed      or  on a 5/1 program    4.5%1 pts

           To $417,000      4.875%     1 pt  30 yr fixed     on FHA loans    3.5% down!

           To $662,250      5%    1pt   30 yr fixed       on Jumbo FHA loans    3.5% down !              

 aprs not  calculated, full doc examples with 720 ficos with conventional loans and 620 scores needed with FHA loans,  Rates and points can change depending on LTVs,  fico scores and purpose of loan.  Rates and programs subject to change.  Princeton Capital is a residential mortgage lender and a RMR Financial co. licensed by the Ca. Dept. of Corp. under the Ca Residential Mortgage lending act. lic #415-0027  . 

Sonoma County-Social Media Revolution! You’ve GOT to watch this video!

Here in high tech Sonoma County, Califoria, the population is pretty well “connected” Watch this Social Media Revolution video  at http://tiny.cc/GlSBG  as it demonstrates WHY the Realtor of today needs to embrace social media! Why am I and Allison on many social networking sites? We realize the buyer and seller coming into this, the greatest BUYER’S market in years, will look to connect with someone who they trust and like before making a committment and contacting one of us. As  two of Sonoma County’s leading Realtors, Allison and I wish to demonstrate our expertise on real estate issues, our committment to our client’s success and our community involvement, so the buyer or seller can see when CHOOSING A REALTOR they consider us in their decision making. So we try and put ourselves into the fore of social media by posting ansers to Santa Rosa real estate questions on Trulia, Active Rain, Real Estate Tomato and on this our own Real Estate Show Blog. Using Mike Kelly and Allison Norman as your chosen Realtor will give you two for the price of one!

  Allison’s Facebook page isreflects her deep spiritual feelings on family, and belief systems built on integrity and compassion for her clients. As the mother of 4 great kids (the oldest soon to make a “Granny” out of her!), she empathizes with families facing many a hard decision when it comes to retaining the family home. Working with “Short-Sale” situations brings out her great traits of empahty and negotiating. Allison knows the way of banks and how to stall or avoid foreclosure by the legal means available to us all.

  Mike Kelly, that would be me! Brings over 30 years of business acumen to the real estate market. I’ve been exclusively practing my trade in Sonoma County all these years and am continually in wonder of the real estate market. As a famed speaker once said when asked how the real estate maket was fairing he simply stated, “It unbelievable!” I’ll second that! Here in Santa Rosa, California we are seeing low inventory, huge demand and multiple offers throughout ALL price points but the biggest being in the sub $400,000 range. Buyers are firing agents for NOT finding them a home but not realizing they are NOT bidding high enough to get the home! All of our stories  from the street we post on our various social media sites. Look for us on Trulia, Active Rain and facebook plus twitter! Sonoma County Social Media Revolution will allow us to practice high tech with HIGH TOUCH!!