Good Monday Morning,

It's time to welcome one of the best times in the desert... the Fall Season!


Summer is slowly turning into fall, and the desert is ready to welcome in another exciting season.

Now is a perfect time to think about purchasing your new getaway home while prices and interest rates continue to be competitive. Home prices are still at their lowest in years and your beautiful new dream home is

out there waiting for you. Remember, it is still a buyer's market, and you can find incredible deals all around the desert.

Opportunity is knocking on your new front door!

There are still great deals out there

To have direct access to these properties: http://www.FindMyDesertHome.com

If you are considering the sale of your home you can receive an e-mail analysis that

will give you a good indication of your homes current market value at http://www.DesertCMA.com.

Mortgage Market update!

It appears a deal has been made!Congressional leaders and the Bush administration
announced they've reached an agreement to spend up to $700 Billion on the historic Bailout
Plan. Details are still pending.

Taking a look back at the past week:
Japan's Mitsubishi Financial Bank will purchase 10% to 20% of
Morgan Stanley. Billionaire investor Warren Buffett's
Berkshire Hathaway is investing $5 Billion into Goldman Sachs. Washington Mutual
was seized by the federal government, and
assets sold to JP Morgan Chase for $1.9 Billion.

Today:             1 Canadian dollar = 0.970591 U.S. dollars
Last Week:     1 Canadian dollar = 0.94402 U.S. dollars
 

NATIONAL OVERNIGHT AVERAGES   TODAY +/-

LAST WEEK

30 yr fixed mtg 5.98% 5.87%
15 yr fixed mtg 5.65% 5.59%
5/1 ARM 5.98% 5.92%
30 yr fixed jumbo mtg 7.20% 7.06%
5/1 jumbo ARM 6.38% 6.30%

 

Have An Awesome Week!

 

Rob Zwemmer