FED Holding Rates

Today in the Orange County Register there is an article on The Federal Reserve (FED) holding rates low. The vote was 9-1 last week to keep rates low. The record low interest levels will be here for an "extended period".



One reason for the continued low rate was weaknesses in housing, commercial real estate and employment. The FED also suggested that Europe's debt problems pose risks to the U.S. economy.



The FED went on to say that the financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad.



However, the FED did state they felt the recovery will stay intact despite threats from abroad and at home. The yield on 10 year Treasury note, a benchmark for mortgages and other consumer loans, fell to 3.12 percent from 3.25 percent late Tuesday. That level has not been reached in over a year.



The fear is that is interest rates are too low for too long they could cause inflation.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

www.markandtim.com

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

What's Best for You!

This is a sample of one of the flyers we use in our e-mail blasts to our past clients and sphere of influence. It will usually go out to about 1,180 at each blasts.

We believe that it should be easy to read and simple to understand.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Market Report for Mission Viejo Area

This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 15.7 percent, for new homes it is up 34.9 percent and for resale condos up 13.5 percent. The sales volume is up for resale homes 7.0 percent and up 18.9 percent on condos and up 61.2 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are up 25.8 percent and the sales volume is up 15.9 percent.
• Mission Viejo Zip Code 92692 sales prices areup 11.1 percent and the sales volume is up 34.0 percent.
• Aliso Viejo sales prices are up 18.0 percent and the sales volume is up 46.4 percent.
• Laguna Niguel sales prices are down 6.2 percent and the sales volume is up 25.0 percent.
• Rancho Santa Margarita sales prices are down 11.8 percent and the sales volume is up 33.3 percent.
• San Clemente Zip Code 92672 sales prices are down 0.5 percent and the sales volume is up 20.0 percent.
• San Clemente Zip Code 92673 sales prices are up 4.6 percent and the sales volume is up 2.6 percent

If you are considering selling your home we are interested in helping you sell it Tim Lorenz. If you do not know what to do because you are behind in your mortgage and want some help Call Us we will sit down with you and explain the process.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!