Dec 9th Market Update

Good morning here is your market update. If you know anyone looking to finance a property, please refer them to me. I feed my family from the referrals from you, don't keep me a secret. I hope to be serving you and the ones you love for years to come.


30 year fixed rate
5.375% @ 1 point ( 5.496% APR )

30 year fixed FHA rate:
6% @ 1 point ( 6.137% APR )

Jumbo rate:
Loan Amounts up to $2,000,000, 5 or 7 year fixed 30 year amortiation. LTV's up to 80%, call for more details.
5.75% @ 1 point (5.849% APR)
Pending home sales index down 0.7% in October

By Ruth Mantell

Last update: 10:00 a.m. EST Dec. 9, 2008
WASHINGTON (MarketWatch) -- In a sign that further weakening may be in store for the U.S. housing market, an index of sales contracts on previously owned U.S. homes fell 0.7% in October from the prior month, the National Association of Realtors reported Tuesday. The index, which is considered a leading indicator of existing home sales, was down 1% from the prior year. Pending home sales in October were mixed regionally, with declines of 8.7% in the West, and 4.3% in the Midwest. Meanwhile, there were gains of 7.8% in the South, and 0.6% in the Northeast. The September pending home sales index was revised to a decline of 4.3% from a prior estimate of a 4.6% drop.


Niche list:


1. FHA Refinance!!! Equity does not matter!!!
2. Conventional
3. Government
4. FHA, VA, PERS, STERS,
5. Access Program; an FHA loan with 0% down!! That is right
Down Payment Assistance is back!!!
6. Incredible pricing on jumbo's to 2 million
7. Cash out refinancing with one day off the mls
8. Extremely lenient FHA underwriting. Worried about credit
issues? I can help get around them
9. 75% Canadian loans
10. Stated loans to 70%LTV
11. Loan Modifications for those who are trying to save there
home
12. Credit repair; if you need help with your credit I found a
great company that can help!!!!!
13. HELOC's need an equity line? I can help.


I appreciate your business. Please don't keep me a secret. I feed my family off of the referrals I receive from you. I look forward to serving you and the ones you love for years to come.

Sincerely,


Hugh Van Horn
Branch Manager
TMG Financial Services Inc.
(951) 897-4844 hughvh@themortgageguild.com
www.hughvanhorn.blogspot.com