San Diego Mortgage Update for Sept 24th

September 24, 2008

Rates have risen back up a bit since last week’s boost of confidence from the Fannie/Freddie bail out. Is it the funds made available to AIG or the new 700 Billion consideration being made this week that has rates on the up? Who knows if this will get better or worse.  Since all the action is on the 30yr fixed at the moment, here is your cost…

30 Year Fixed, Fully Amortized
1 point: 5.875%
2 points: 5.500%

Click HERE for a simple search tool that shows only FORECLOSURE PROPERTIES in San Diego.

Broker ID# 01807122. Mortgage rates are specific to each
individual’s financial scenario. These estimates are based on scenario
with a conforming loan amount, FICO of 780, 20% down, full
documentation, reserves, owner occupied, 30 day lock. To complete a request for your individual estimate click HERE.


San Diego Happy Hour

September 23, 2008

With the current state of real estate in San Diego I thought it would be appropriate to re-post this happy hour list from YELP San Diego.

Happy: hap·py, an adjective for delighted, pleased, or glad.
Hour: ou-er, a noun for a period of time equivalent to :60 minutes.

Now, throw in some cheap booze, potato skins and a few double-fisting commercial bankers and you’ve got yourself a party! Since Yelp’s all about having a good time, we’ve compiled a list of some of San Diego’s greatest happy hours to obtain that much-needed buzz after a long day at the office… or an extended rendezvous with Rock Band 2.

If a stiff drink and fried food in the late afternoon is wrong, we don’t want to be right — nor does Brian K — as he professes his love for the “unbelievably cheap appetizers and $1.75 Coors Lights” during happy hour at South Beach Bar & Grill in Ocean Beach. Katelyn W also cites the “Beer O’Clock” special where select brewskis start at just a buck, then increase by 25 cents every hour. Likewise, broke college student Sarah S flashes her student ID for $2 tequila shots on Thursdays at Baja Betty’s. Other celebrated happy hour stops include PB’s World Famous, Avenue 5 Restaurant and Bar in Bankers Hill and at The Prado at Balboa Park.

Perhaps you’re more of a wino? Even better, as fermented grapes make for a great alternative to beer and liquor. Just ask the sophisticated Amanda S. In addition to the “amazing cheese plate” she devoured during Wine Steals‘ happy hour, she also gushes, “the wine tastings were more like a wine party!” Ashleigh O certainly doesn’t mind gettin’ sideways with a massive amount of Merlot, which is why you’ll find her gettin’ down and dirty at the 50% off “Wine Wednesday” happy hour every hump day at Cafe Bleu.

Need a little sustenance to accompany those inexpensive cocktails and cushion the blow of tomorrow’s looming hangover? Of course you do, which is why you should cop a squat next to David G for a $1.50 hand roll at Sushi Deli 2 Downtown. On the other hand, if the spare-change-in-the-couch search proved plentiful this week, a mere $3.95 will buy you a bucket of hush puppies at Alice H‘s fave Gulf Coast Grill in North Park. Finally, if an evening aphrodisiac sounds like an enjoyable way to end the work day, join Geraldine C for discounted drinks and $1 oyster shots at Oceanaire on J Street. Grrrrr!


Mortage Rates Attractive Once Again

September 16, 2008

Although there is still uncertainty about the economy as a whole, the government’s decision to bail out Fannie & Freddie has certainly had an impact on rates.  Since the markets opened Monday I have locked more loans, opened more escrows, and seen more movement on formerly slow-moving short sales than I have in the past six months.  Low prices have been around here in San Diego, but now that they are combined with low rates and quick moving REO’s instead of snail-paced bank negotiators things are finally moving along.  Here’s what rates look like this morning…

30 Year Fixed, Fully Amortized
1 point: 5.375%
2 points: 5.125%
15 Year Fixed, Fully Amortized
1 point: 5.00%
2 points: 4.75%
5 year ARM, Fully Amortized
1 point: 5.875%
2 points: 5.375%

Click HERE for a simple search tool that shows only FORECLOSURE PROPERTIES in San Diego.

Broker ID# 01807122. Mortgage rates are specific to each
individual’s financial scenario. These estimates are based on scenario
with a conforming loan amount, FICO of 780, 20% down, full
documentation, reserves, owner occupied, 30 day lock. To complete a request for your individual estimate click HERE.