Westwood, Friday September 19th, 2008 Interest Rate Update for The Westwoodian:
With the uncertainty of the credit markets as well as the secondary mortgage institutions Fanny Mae and Freddie Mac, mortgage rates have ticked up a little this week. Here are the approximate interest rates for this week of September 19th. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,000) - 5.75%
Agency Jumbo Loan (loan amount $417,000 - $729,750) - 6.0%
Jumbo Loan (loan amount over $729,750) - 7.5%.
An alternative to the high interest rate of the 30 year fixed jumbo is the 10 year fixed converting Jumbo loan (loan amount over $729,000)- 6.5%.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703. Posted by Mickey Kessler at 8:24 AM
Friday, September 19, 2008
Friday, September 12, 2008
INTEREST RATE UPDATE
Westwood, Friday September 12th, 2008 Interest Rate Update for The Westwoodian:
With the news that secondary mortgage market institutions Fanny Mae and Freddie Mac have been taken over by the federal government, rates have dropped again for the second time in two weeks. Here are the approximate interest rates for this week of September 12th. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,000) - 5.625%
Agency Jumbo Loan (loan amount $417,000 - $729,750) - 5.875%
Jumbo Loan (loan amount over $729,000) - 7.125%.
An alternative to the high interest rate of the 30 year fixed jumbo is the 10 year fixed converting Jumbo loan (loan amount over $729,000)- 6.5%.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.
Posted by Mickey Kessler at 8:24 AM
With the news that secondary mortgage market institutions Fanny Mae and Freddie Mac have been taken over by the federal government, rates have dropped again for the second time in two weeks. Here are the approximate interest rates for this week of September 12th. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,000) - 5.625%
Agency Jumbo Loan (loan amount $417,000 - $729,750) - 5.875%
Jumbo Loan (loan amount over $729,000) - 7.125%.
An alternative to the high interest rate of the 30 year fixed jumbo is the 10 year fixed converting Jumbo loan (loan amount over $729,000)- 6.5%.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703.
Posted by Mickey Kessler at 8:24 AM
Sunday, September 07, 2008
New Listing in the Lower Beverly Glen Area
Open Today Sunday September 14th. 2-5 PM!
1110 N. Beverly Glen Blvd.
$1,495,000
Regular viewers at The Westwoodian know that we are less about self-promotion and more about providing good and relevant real estate and neighborhood information for the Westwood area. But, please allow us to indulge
a little. This is one of our new listings and were very excited about it. It is listed for $1,495,000 (previously listed with another broker for $1,975,000)! 
This home has it all! Elegant, substantial & quiet 4 bedroom, 4 bath(3,656 s.f.) Cape Cod-Traditional home in the lower Glen, built in 1992, located in the Warner Avenue School district. This home features formal living & dining rooms with high ceilings.
The family room has hardwood floors, fireplace & French doors and opens to a lovely, private patio/yard surround
ed by lush gardens.
Huge kitchen with granite counters, Subzero refrigerator, center isle & endless storage. 1 bedroom at lower level, 3 beds up. Master suite with soaring ceilings, office, fireplace, walk-in closet & huge bath
with 2 sinks & spa tub. Attached, direct-access 2 car garage, 3-zone AC!
This home is a short sale. For more information email us at the Westoodian at mkessler@verizon.net or call Mickey Kessler at 310-442-1398 or 310-367-2322.
ed by lush gardens.Huge kitchen with granite counters, Subzero refrigerator, center isle & endless storage. 1 bedroom at lower level, 3 beds up. Master suite with soaring ceilings, office, fireplace, walk-in closet & huge bath
with 2 sinks & spa tub. Attached, direct-access 2 car garage, 3-zone AC!This home is a short sale. For more information email us at the Westoodian at mkessler@verizon.net or call Mickey Kessler at 310-442-1398 or 310-367-2322.
Friday, September 05, 2008
INTEREST RATE UPDATE
Westwood, Friday September 5th, 2008 Interest Rate Update for The Westwoodian:
There has been some volatility in the mortgage market with reports of the instability of the secondary mortgage market institutions (Fanny Mae and Freddie Mac) as well as some instability in the bond market. As a result, rates have come down a little since last week. Here are the approximate interest rates for this week of September 5th. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,000) - 6.0%
Agency Jumbo Loan (loan amount $417,000 - $729,750) - 6.125%
Jumbo Loan (loan amount over $729,000) - 7.5%.
An alternative to the high interest rate of the 30 year fixed jumbo is the 10 year fixed converting Jumbo loan (loan amount over $729,000)- 6.5%.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703. Posted by Mickey Kessler at 8:24 AM
There has been some volatility in the mortgage market with reports of the instability of the secondary mortgage market institutions (Fanny Mae and Freddie Mac) as well as some instability in the bond market. As a result, rates have come down a little since last week. Here are the approximate interest rates for this week of September 5th. 2008 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,000) - 6.0%
Agency Jumbo Loan (loan amount $417,000 - $729,750) - 6.125%
Jumbo Loan (loan amount over $729,000) - 7.5%.
An alternative to the high interest rate of the 30 year fixed jumbo is the 10 year fixed converting Jumbo loan (loan amount over $729,000)- 6.5%.
This information has been provided by Jim Greenwald of First Capital Mortgage at 310-434-1703. Posted by Mickey Kessler at 8:24 AM
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