1 min market Update

After 6 years with TMG Financial Services Inc. I have decided to move to a new company ABR Mortgage Inc. They have been in business for 22 years and have a great reputation. I still have my office in La Quinta as well as a new office in Palm Springs. I am very excited about this change, please see todays video update for the latest news regarding the real estate and mortgage markets.


30 year fixed rate 4.25%
( 4.452% APR )

30 year fixed FHA rate: 4.75%
( 4.985% APR )

Jumbo rate: 6%
Loan Amounts up to $2,000,000, 5 or 7 year fixed 30 year amortiation. LTV's up to 80%, call for more details.
(6.236% APR)

Today's News:
Mortgage delinquency rate hits record

http://www.marketwatch.com/news/story/mortgage-delinquencies-take-record-leap/story.aspx?guid=64AA3907-931E-4792-9EE8-0A4C4487234E