Our relentless Mortgage expert Doug Fujikawa brings us up to date on the newest news on the Fed's recent three quarter point rate cut...  In dramatic fashion the Federal Reserve lowered short term interest rates 75 basis points. This puts the Fed Funds rate at 2.25% and the Discount Rate to 2.50%, levels we have not seen since 2004! The stock market reacted favorably to news and the Dow finished up 420 points to 12,392.66. Positive earnings from Goldman Sachs and Lehman Brothers...continue reading...

Out here in San Diego we are approximately 30 months into the housing correction and 6 months into the “credit crunch.” We have seen housing prices correct downward in some areas as much as 20% to 25%. With all the doom and gloom out there in the real estate world, I thought I would interject my two cents into this whole mortgage crisis. We all heard the stories of landscapers to grocery clerks buying $800,000 homes! Buyers with 580 credit scores...continue reading...

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Looking for the latest statistics and trends in your neighborhood of interest? All you have to do is email us using the form at the bottom of this post and we'll get them right out to you! San Diego County    Riverside County    continue reading...