Maravilla Mortgage Team

05/31/2018

It was such an honor to serve them! Congratulations 🍾🎈🎉🎊

Congratulations to my clients and their family on their successful purchase, a piece of the

I want a personally thank, the buyers Jaime & Tañia for the privilege and honor to serve in making their dream come true.

This is an amazing opportunity for this hard-working family who purchased two houses on one lot. .

A shout out to Estela Maravilla and Marysol Maravilla with Maravilla Mortgage Team at Fairway Independent Mortgage Corporation , the awesome escrow team at Old Republic Title in Montclair Oakland, and all my at Coldwell Banker Castro Valley , and last but not least, like clockwork - my transaction coordinator Jacqueline Rossi at Savvy Transaction Coordinating.

Remember, I'm never too busy for you or any of your referrals.

04/09/2017

Great tips from the experts!

You can’t predict every curveball life will throw at you. But you can use these home buying tips for your 20s, 30s, and 40s to help you navigate the process with your current (and future) needs in mind.

05/23/2014

Existing Home Sales



https://pbs.twimg.com/media/BoVtQqkIcAAo40k.png

05/23/2014

iServe Supports Our Veterans and Active Military Personnel











https://www.youtube.com/watch?v=jmtDR3BVsUY

05/21/2014

Housing starts rebounded in April to a annual rate of 1.07 million, an increase of 13.2% month-over-month

10/25/2013

Vital Statistics:

Last
Change
Percent
S&P Futures
1747.3
-1.2
-0.07%
Eurostoxx Index
3037.2
-1.8
-0.06%
Oil (WTI)
97.48
0.4
0.38%
LIBOR
0.237
-0.001
-0.52%
US Dollar Index (DXY)
79.25
0.066
0.08%
10 Year Govt Bond Yield
2.51%
-0.01%

Current Coupon Ginnie Mae TBA
103.6
0.0
Current Coupon Fannie Mae TBA
102.6
0.1
RPX Composite Real Estate Index
200.7
-0.2
BankRate 30 Year Fixed Rate Mortgage
4.28

Markets are flattish on no real news. UPS, which tends to be a broad economic indicator, beat numbers. Durable Goods came in better than expected. Bonds and MBS are flat

The latest CoreLogic Market Pulse is out. They discuss mortgage fraud, negative equity, foreclosures, and home prices. The key metric of affordability - the price to income ratio - has been creeping up, but is still around historical averages, meaning housing in no longer dirt cheap, but is still reasonably priced compared to historical standards, not just the bubble years.




It is looking like some sort of grand bargain isn't going to happen as we approach the budget negotiations. Democrats want to get rid of the sequester. Republicans are willing to replace the sequestration cuts with other cuts, particularly in Medicare and and other long-term expenses like Federal retirement. Tax hikes are a non-starter. Republicans are probably not anxious to re-live the shutdown either, so we probably get some sort of extension of the CR and the debt ceiling without much in the way of attacking spending.

The Morning Report will be on hiatus early next week as I will be in DC for the Mortgage Bankers Conference. Hope to see some of you there.

Finally, what if Facebook was around from WWI to WWII?