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Los Angeles Mortgage Rates Report: June 30, 2008

Mortgage rates in Los Angeles for June 30, 2008.  Loan amounts up to $417,000:

3/1 ARM              5.250%
5/1 ARM              5.500%
7/1 ARM              5.750%
10/1 ARM            5.875% 

All rates offered to the borrower with 1 point cost.  Rate quotes assume a purchase transaction with a 20% down payment, 720 credit score, and full income qualification.  Rates are subject to fluctuation.  Custom rate quotes and fixed rate mortgages are available by calling at the number below..

LOS ANGELES MORTGAGE RATE TREND:

Next 7 days:        Slightly Lower

Next 30 days:      Slightly Higher

Next 3 months:    Higher

Brian Brady
(858)-777-9751

Apply for a loan online


Los Angeles Mortgage Rates Report: June 27, 2008

Mortgage rates in Los Angeles for June 27, 2008.  Loan amounts up to $417,000:

3/1 ARM              5.125%
5/1 ARM              5.500%
7/1 ARM              5.625%
10/1 ARM            5.875% 

All rates offered to the borrower with 1 point cost.  Rate quotes assume a 20% down payment, 720 credit score, and full income qualification.  Rates are subject to fluctuation.

Brian Brady
(858)-777-9751

Apply for a loan online


Los Angeles Mortgage Rates Report: June 25, 2008

No recommendation about Los Angeles mortgage rates until tomorrow.  All eyes are on the Federal Reserve Open Market Committee today.  At 2:15PM (EDT), 11:15 (PDT), they will release their interest rate decision and statement.  The fixed income securities market believe there is a 43% chance that the Fed will RAISE rates, to stifle inflation, in August and that there is a 61% chance that the hike will come in November.

The eyes will be on the Fed's commentary, though:

"We expect the Fed to keep the funds rate at 2% today but to shift to a more hawkish statement by placing more emphasis on inflation over growth risks," strategists at Credit Suisse wrote in a research report. "The Fed will likely use this meeting as an opportunity to set the stage for a potential rate rise in August."

If the Fed signals that rates could rise as early as August, expect Los Angeles mortgage rates to jump .25% higher, from today's 6.375% 30 year fixed rate, over the next few weeks.  If the Fed signals rate hikes are "possible" as a way to fight inflation, expect rates to stay level through in July (6.25% to 6.5%).  Finally, if the Fed shifts back to its anti-recessionary talk, we could see rates drop down to 6%.

As you can see, there are a lot of "ifs".  This is why today's Fed commentary is all important.  The Fed's ambiguity has traders convinced that higher rates are a foregone conclusion.  Here's the silver lining hidden in this dark cloud; mortgage rates are equal to what they were in July, 2007The Fed Funds rate was at 5.25%, then. Today, the Fed funds rate is at 2.25%.  What that means is that mortgage rates SHOULD be able to withstand some 5-6 rate hikes and stay under 7%.

Alas, markets are discounting mechanisms.  We still think there is a lot of risk to higher mortgage rates until the commodities bubble bursts.


Avenue 50 Studio: Grand Opening

001sherideslion_2 Grand Opening

Sunday, June 22, 2008 starting @ 5:00 pm

Sonia Romero’s Printmaking Studio

A demonstration of printmaking by Sonia Romero and Ulises Ramirez will take place throughout the evening

Museum/ of/ Traffic Studio 

002museumoftraffic_2 Museum/ of/ Traffic (M/o/T): is a traveling audiovisual production collective promoting expression through digital technologies and audiovisual products. M/o/T was founded fall of 2004 in Los Angeles by Manwell H. Hernandez (Art Center College of Design 2003 BFA-Multimedia) and Eddy Vajarakitipongse (Art Center College of Design 2002 BFA-Multimedia). M/o/T activities to date include: "expanded cinema" performances, impermanent AudioVisual installations, digital projections, performance art, "institutional" events, TV commercials and live AV.
http://sites.google.com/site/museumoftrafficla/

003trekkingla_2and Launching of community partner LACommons’s webbsite (www.lacommons.org)

Sunday, June 22, 2008 starting at 5:00 pm

Please join us for a barbeque/barbacoa afternoon as we celebrate the new at the Avenue 50 Studio

Food ~ Music ~ Art ~ Friendship

We invite you to join us and bring a side dish or refreshment in celebration

Avenue 50 Studio, Inc.
Museum/ of/ Traffic Studio
Sonia Romero’s Printmaking Studio
131-135 No. Avenue 50
Highland Park, CA  90042
323/258-1435


Los Angeles Mortgage Rates Report: June 19, 2008

We're still advising all Los Angeles borrowers to lock all mortgage rates at application.  The risk of the Fed raising rates far exceeds the opportunity for lower term rates.  Watch this one minute video to understand what exactly has been happening in the mortgage markets, since May 2, 2008 and what I think WILL happen in the near term future. Brian Brady Mortgage Planner 858-777-9751


Heritage Square Museum Blog

Heritage Square Blog looking for contributions

In case you missed the announcement the first time, Heritage Square Museum now has its very own blog. We are looking for your comments, contributions and suggestions, so please check it out at
http://heritagesquare.blogspot.com

Coming soon -

1. The chickens of Heritage Square!
2. Images of Vintage Car Show
3. Recent discoveries reveal a history of Bunker Hills past
4. And more...