Glendora Overnight Parking Exemption for the Holidays

Glendora Overnight Parking Exemption for the Holidays

The Glendora Police Department will not be enforcing overnight parking on Monday, December 19^th thru Monday, January 2^nd for the Christmas and New Year’s Holidays. Enforcement will resume on Tuesday, January 3^rd at 2:00 a.m.

Foreclosure starts rise, delinquencies drop: MBA

Mortgage Bankers Association (MBA) posted their third quarter report on mortgages entering foreclosure and the delinquency rate.  The foreclosure process rose in the third quarter of this year while the seasonally adjusted delinquency rate dropped to its lowest level since 2008.
See the article below. Have a great day! Call me for any of your real estate needs.

Maureen Haney

By Amy Hoak

CHICAGO (MarketWatch) -- The percentage of mortgages entering the foreclosure process rose in the third quarter, while the seasonally adjusted delinquency rate dropped to its lowest level since 2008, according to the Mortgage Bankers Association's National Delinquency Survey, released on Thursday. The foreclosure-start rate rose to 1.08% of all mortgages for one- to four-unit residential properties in the third quarter, up from 0.96% in the second quarter, yet down from 1.34% a year ago, according to the report. Meanwhile, the seasonally adjusted delinquency rate fell to 7.99% in the third quarter, down from 8.44% in the second quarter and 9.13% a year earlier. "While the delinquency picture changed for the better in the third quarter, the foreclosure data indicated that we are not out of the woods yet and that the issues continue to vary by geography," said Michael Fratantoni, MBA's vice president of research and economics, in a news release.

Please Stop by & see us!

   

Village Holiday Stroll

Friday November 18, 2011

6:00 PM to 9:00 PM

Coldwell Banker Millennium

Maureen Haney

134 North Glendora Avenue, Glendora

Please bring a new unwrapped toy to the

Coldwell Banker Millennium office

Some of the Nights Events in the Village:

· The Tree Lighting Ceremony will start at 6:30 PM in the Plaza and will include the Mayor & City Council Members reading the story of Christmas

· Santa will arrive at the Plaza in a vintage Fire Truck at approximately 6:45 to 7:00 PM. and will be available to visit with the children from his “Easy Chair”

· The GHS Choirs-Royal Stewarts & Silhouettes-will entertain in the Plaza from 7:00 to 9:00 PM

· There will be two Dickens’ groups in period attire roaming the street for the entire evening.

Please stop by Coldwell Banker Millennium

30-year mortgage falls below 4% again Rates on adjustable-rate mortgages up in latest survey: Freddie Mac

Nov. 10, 2011, 10:52 a.m. EST

30-year mortgage falls below 4% again

Rates on adjustable-rate mortgages up in latest survey: Freddie Mac

By Amy Hoak, MarketWatch

CHICAGO (MarketWatch) — Average rates on 30-year fixed-rate mortgages fell below 4% for the second time this year, according to Freddie Mac’s latest survey of conforming mortgage rates.

Rates on the 30-year mortgage averaged 3.99% for the week ending Nov. 10, down from 4% last week and 4.17% a year ago, McLean, Va.-based Freddie Mac said Thursday.

Rates on 15-year fixed-rate mortgages also dropped slightly, averaging 3.3% this week, down from 3.31% last week and 3.57% a year ago.

Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 2.98% this week, up slightly from 2.96% last week. The ARM averaged 3.25% a year ago.

And 1-year Treasury-indexed ARMs averaged 2.95% this week, up from 2.88% last week. The ARM averaged 3.26% a year ago.

To obtain the rates, the 30-year fixed-rate mortgage required payment of an average 0.7 of a point, the 15-year fixed-rate mortgage required an average 0.8 point and the ARMs required an average 0.6 point. A point is 1% of the mortgage amount, charged as prepaid interest.

“Fixed mortgage rates were little changed this week amid a mix of economic data reports,” said Freddie Mac chief economist Frank Nothaft in a news release.

“The economy added 80,000 net jobs in October, below the market consensus forecast, but employment gains over the prior two months were revised up by 102,000 and the unemployment rate fell to 9%, the lowest in six months. Factory orders improved in September, yet the expansion in the service industry slowed in October,” he said.

Low home prices and mortgage rates have kept affordability high, Nothaft said, adding that the National Association of Realtors’ housing affordability index in September hit its third highest reading on record. 

What should Home Buyers consider before looking for a home?

What should Home Buyers consider before looking for a home?

        Before starting the house hunt, there are a few things buyers need to consider.

1.       Credit score: Lenders are generally looking for buyers to have credit scores of at least 620 nowadays.  Although the Federal Housing Administration will extend loans to borrowers with credit scores as low as 580, most banks are imposing higher scores.
2.          Reserves: Even when renting, financial advisers recommend saving four to five months’ worth of expenses in case of job loss or any other unforeseen event.  Homeowners should add an additional two months’ worth to their savings.
3.          Settling down: Buyers should think about if they see themselves living in the same place for five to seven years.  Homeownership is not just a financial decision, it’s also a lifestyle choice.

Thanks, Maureen

Save The Date!

Village Holiday Stroll
Friday November 18, 2011
6:00 PM to 9:00 PM

Coldwell Banker Millennium
Maureen Haney
134 North Glendora Avenue, Glendora

Please bring a new unwrapped toy to the
Coldwell Banker Millennium office

Some of the Nights Events in the Downtown Glendora Village:

· The Tree Lighting Ceremony will start at 6:30 PM in the Plaza and will include the Mayor & City Council Members reading the story of Christmas
· Santa will arrive at the Plaza in a vintage Fire Truck at approximately 6:45 to 7:00 PM. and will be available to visit with the children from his “Easy Chair”
· The GHS Choirs-Royal Stewarts & Silhouettes-will entertain in the Plaza from 7:00 to 9:00 PM
· There will be two Dickens’ groups in period attire roaming the street for the entire evening.

Please stop by Coldwell Banker Millennium