It Is Time To Honor Our Veteran’s

  We all get caught up with our day to day life’s and for the younger generations do not take for granted what it took to get the freedoms that we all enjoy today.  We all need to take a few minutes and remember these people.  Never forget these people below and the price that they paid for [...]

Why Is Mortgage News Political

  I have received several responses asking why I am making the connection between the mortgage industry and politics.  Well the answer is this.  Currently the Obama administration has appointed several Czar’s to watch over many industries / companies.  The whole Czar thing is unbelievable to me as it is a communist approach.  Currently the [...]

This Weeks Closing Snapshoot

The employment picture in the U.S. continues to be a drag on the economy as evidenced by the 10.2% Unemployment Rate in October.
There were also 190,000 jobs lost last month, more than the -175,000 that was expected. The weaker than expected data lifted the Bond markets today.
The benchmark 4.5% coupon closed at $101.28 up 22bp.
The [...]

Well What A Banking Mess We Have On Our Hands…..

  The Mortgage Melt Down, other than a catchy phrase what do it really mean.  We have to go back to the Bill Clinton Administration days.  Clinton wanted to make it possible for almost anyone to become a home owner.  This is great in theory but it is not realistic.  Fannie Mae and Freddie Mac [...]

Housing Inventory October Snapshot

 
 

 
Average List Price
Median List Price
Average Days On Market

Los Angeles County, CA

Single Family under $600K
$334,197
$325,000
106

Single Family over $600K
$1,398,439
$995,000
124

Condo/Townhome under $400K
$230,732
$223,800
111

Condo/Townhome over $400K
$616,817
$529,000
102

 Orange County, CA

Single Family under $1M
$596,341
$595,000
97

Single Family over $1M
$3,111,993
$1,998,500
151

Condo/Townhome under $600K
$315,528
$299,900
102

Condo/Townhome over $600K
$1,158,705
$949,000
144

 Riverside County, CA

Single Family under $700K
$231,293
$199,900
133

Single Family over $700K
$1,202,247
$899,990
180

Condo/Townhome under $500K
$139,002
$119,900
123

Condo/Townhome over $500K
N/A
N/A
N/A

 San Bernardino County, CA

Single Family under $700K
$207,597
$169,000
132

Single Family over $700K
$1,457,494
$1,139,900
153

Condo/Townhome under [...]

The People Have Spoken….

A little off topic here but not really
   Last night was a strong message to all incumbent politicians.  This is not a Republican or Democrat issue but rather a clear message that we the people are tired of the same old song and dance.  It is time for all politicians to now walk the walk. [...]

Happy Halloween

 
The HBMO wishes everyone a Happy Halloween

Politics, Banking & Mortgages….What is Going On?

   Most people do not realize that the mortgage industry and politics are closely connected.  The Fed’s Treasury Secretary, Timothy Giethner, use of the words “War of Necessity” while speaking about companies that are “to big to fail.” So what does this mean and how does it affect you.  Let’s put this into prospective here, the [...]

What is the future of homes values…?

  Well depending upon where you live real estate values could be moving up or down.  The Huntington Beach Mortgage Oracle or HBMO is reflective of Huntington Beach California.  In Southern California there is a huge amount of homes and nearly half of the homes have little to no equity.  This makes is easy for [...]

Is The Economy Fixed?

  Well, it’s official, the economy is not fixed.  We continue to hear from the Fed’s that “the economy is fixed but it is going to take time” or my favorite “we have saved or created thousands of jobs.”  Well I am not sure how you could say you have created jobs when the numbers [...]