Monthly Archives: April 2011

Something fishy is happening in Tiburon

If you have noticed these signs along the road while driving around Tiburon and thought something fishy was going on, you were right! It is  the annual salmon release which will take place this Saturday, April 30 from 10:00 am to 2:00 pm at Blackie’s Pasture.  The event is sponsored by the The Tiburon Salmon Institute. More than…

A Simple Explanation Of The Federal Reserve Statement (April 27, 2011 Edition)

The Federal Open Market Committee voted the Fed Funds Rate unchanged today at 0.000-0.250 percent. The vote was 10-0 — the third straight unanimous vote.

Weekly Financial Market Update – April 26, 2011

Report provided by guest contributor Gina Kemsley – Senior Vice President - Loan Consultant, Terra Mortgage Banking Office: (415) 464-3144 – Cell: (415) 828-0218 – Email: gkemsley@terramb.com – Website: www.terramortgagebanking.com/loan-officers/gina-kemsley _________________________________________________________________________ LAST WEEK IN REVIEW WHEN IT RAINS, IT POURS… With the US already facing tough decisions over its national debt, the credit rating firm Standard and…

Mortgage Rates — And Home Affordability — At The Whim Of The Federal Reserve

If you’re shopping for a mortgage, or floating a rate, consider locking in before the FOMC issues its press release Wednesday at 12:15 PM ET. Once the statement hits, mortgage rates could soar.

Marin County Real Estate Market Update – March 2011

Listening to the news these days can be very confusing when it comes to the housing market.  Some claim that we are going to experience a “double dip” housing recession.  Others assert that the market is recovering based on the following encouraging NATIONAL statistics: Home re-sales rose 4 percent last month, March marked the 6th…

Marin County Foreclosure Activity Update – April 25, 2011

Marin County is bucking both the Bay Area’s trend and the national trend with respect to foreclosure activity.  The number of Marin foreclosures in the first quarter of this year spiked 28.1 percent compared with the same period last year, by far the biggest increase in the Bay Area. The number of additional homeowners who fell behind…

How To Make More Space In Your Garage

Finishing a garage creates “space” and enhances a home’s appeal to prospective buyers.

Weekly Financial Market Update – April 18, 2011

Report provided by guest contributor Gina Kemsley – Senior Vice President - Loan Consultant, Terra Mortgage Banking Office: (415) 464-3144 – Cell: (415) 828-0218 – Email: gkemsley@terramb.com – Website: www.terramortgagebanking.com/loan-officers/gina-kemsley _________________________________________________________________________ LAST WEEK IN REVIEW “YOU’RE HOT THEN YOU’RE COLD…” Katy Perry’s hit song “Hot N Cold” is all about contradictions. And each week the markets receive…

Foreclosures Drop 35 Percent Year-Over-Year

According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for 2011.

Inflation Pressures Mounting; Mortgage Rates Rising

The March CPI data is expected to show an increase in the cost of living for the 17th straight month — a reading that would take CPI to an all-time high. This would be awful for mortgage rates.