Good Monday morning

While the economic news is  negative, we continue to get great news out of the Real Estate market. Homes sales locally continued a strong showing as prices fall and rates are competitive. Sales in La Quinta jumped 42.6% in October compared to the year before.
                                                                                                                                                                          All across the desert first-time buyers and investors are tapping into some
hot deals... plus great Mortgage Loans are currently available as you will see
from the information provided below.

Remember, these are limited-time opportunities so don't let a golden one pass you by!

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!

To continue with our theme for 2008 “Guideline Changes for the Mortgage Industry” we have another update! FHA loan limits will be decreasing to $355,350 for the County of Riverside for all loans that have an approval dated after Jan 1, 2009.
There will no longer be a classification of Jumbo Gov 30, just Gov 30.
Yesterday was the last day to lock loans Agency or FHA Jumbo between $417,000 to $500,000.

Conventional loans will also be lowering  their loan limits in Riverside County back to $417,000 down from $500,000. 


E-mail me with any questions you might have

1 Canadian Dollar = 0.82193   U.S. dollars (Today)
1 Canadian Dollar = 0.83946  U.S. dollars  (Last Week)

 

Have a Great Week!

Rob Zwemmer