Duane DeSalvo's (djduane) Blog

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Real Estate Agent - Somerset International
RECENT BLOG POSTS
Hallelujah!!  The increase to the loan limits of loans bought or insured by Fannie Mae, Freddie Mac and FHA is great news for consumers!!!  For those homeowners who have existing Home loans and HELOCs which totaled over $417,000, in order to consolidate and refinance, they would be forced into Ju...
01/27/2008
The following good news is an excerpt from a CNN Money news release!Mortgage rates dropped in the latest week, which could help home buyers who are looking to refinance, Freddie Mac reported Thursday. The government-sponsored loan buyer said the average rate on a 30-year fixed-rate loan averaged ...
09/13/2007
 Steve Carrigan, Mortgage planner and Branch Manager of Pinnacle Financial in Camarillo, CA wrote a great article which presents the history of the mortgage lending industry in the United States, what is happening in this industry today, and how the changes affect/benefit the consumer. It is repr...
09/05/2007
We've been marketing properties in Houston Texas to our real estate investor clients in southern California!  WHY, you may ask? BECAUSE it's possible to actually have a POSITIVE cashflow with properties in Houston (and other states as well) as opposed to high negative cashflows with California in...
05/15/2007
Don't know how many of you saw the 60 Minutes piece on the real estate industry  Sunday night, but if you did (like me) you probably had to extricate yourself from the ceiling after it!!  I was on vacation in Bellevue, visiting my Mom for Mother's Day when I thought I'd enjoy my regular Sunday ni...
05/15/2007
Todays' crazy real estate market makes it almost impossible for many people, particularly young couples, to buy a  home.  California's double digit inflation  in housing prices from 2001 to 2005 saw, what used to be, almost affordable prices climb rapidly out of reach.  Even with the cooling off ...
04/11/2007
   Although the media is stating that there will be a 3-5% drop in real estate property values this year (2007), things are heating up in Ventura county and in particular in Camarillo.  The lower priced properties are still not moving as quickly as many sellers would like, but the higher end, mor...
04/01/2007
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