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In Case You Missed It - 30 Yr Fixed Rates are up Almost 1%

Of course, they’re still way below the long-term average for the 30 year rate. I paid 8% on my 1 st 30 year loan.   From DS News Fixed Rates Skyrocket in Response to Fed Remarks According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage (FRM) rose to 4.46 percent (0.8 point) for the week ending June 27, an increase from only 3.93 percent last week and the highest figure since the week of July 28, 2011. The weekly increase is the largest since April 1987. The 15-year FRM this week averaged 3.50 percent (0.8 point), up from 3.04 percent the previous week. While the massive rate hike will certainly dampen some housing activity, Nothaft noted the effect "will be muted by the high level of buyer affordability, and home sales should remain strong." » Read More   - S unil Sethi SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools in Fremont, Newark and Union City. Property Search | Featured Listing |...

Who would take at the place of Freddie and Fannie

From DS News Senators Introduce Bill to Replace GSEs in 5 Years A bipartisan group of senators introduced on Tuesday legislation to replace Fannie Mae and Freddie Mac with a newly created agency. Citing the overwhelming presence of the GSEs in today's mortgage marketplace, Sens. Bob Corker and Mark Warner unveiled a new piece of legislation designed to wind down the enterprises and rebuild the private mortgage sector. The legislation would dissolve Fannie Mae and Freddie Mac within five years of passage and transfer appropriate utility duties and functions to a "different, modernized and streamlined agency." » Read More   - S unil Sethi SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools in Fremont, Newark and Union City. Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax    To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App" . ...

Scandal at Fannie Mae: The Investigation Continues

Go figure, an unscrupulous government agency.       In recent weeks, Fannie Mae executive James Tiegen was fired while the company is currently under investigation for soliciting illegal payments from real estate brokers. Tiegen, who headed the Irvine office of Fannie Mae, was reportedly laid off due to "performance issues", but his involvement in the investigation is still unknown. As mentioned in the article " Did Your Pocket get Picket by a Fannie Mae Employee " posted earlier this month on RE-Insider, the instigation began only a couple months ago, when former Fannie Mae foreclosure specialist Armando Granillo was arrested in L.A. for enticing an illegal kickback from an Arizona real estate broker. In exchange for a foreclosure listing, Granillo expected to receive a kickback of $11,200, a practice that is highly illegal. Granillo is due to face trial this August. Click here to read more. - S unil Sethi SUNIL SETHI REAL ESTATE Helping Families Find Homes with ...

What Does the recent increase in rates mean to a Borrower

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  If you were buying something for $444,000 with 3.5% down. Rates have gone up about 1%, which would equate to $247/month increase in the monthly mortgage or $almost $3,000 annually or$90,000 over the life of the loan. So does it make sense to pay a little more to close the deal?     - S unil Sethi SUNIL SETHI REAL ESTATE Helping Families Find Homes with Great Schools in Fremont, Newark and Union City. Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax    To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App" .    Love Us on Yelp!      Like Us on Facebook  

New Listing in Fremont for Sale in Sundale Community

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4096 Murray Cmn, Fremont CA 94538 Open House Sunday 1-4pm   Ø    Regular sale - not an REO or Short Sale. Ø    Built in 1979 Ø    2 Bedrooms Ø    2 Baths Ø    1 Car Shared Garage and 1 assigned Carport. Ø    1,189 spacious living sqft. Ø    This home is modern, and spacious. Ø    Remodeled Kitchen, with granite countertop Ø    Remodeled bathrooms Ø    Flooring: tile, laminate, linoleum and carpeting Ø    Dual Pane Windows in bedrooms Ø    Vaulted ceilings Ø    Easy access to Hwy 880 Ø    Walking distance to the parks: Restaurants, Grocery Stores, Shops and parks.     Front View    / Pedestrian Entry Gate  / Community Map Living Room Dining Room. Kitchen Master Bedroom v Master Bathroom   Bedroom 2  

News From the New Haven Unified School District

"E-NEWS" News From the New Haven Unified School District   Key Dates for 2013-14 School Year With summer vacation having begun, New Haven families are reminded that the 2013-14 school year will begin Wednesday, Aug. 28. For those making school-year plans, Thanksgiving break will be Nov. 25-29, winter recess will be Dec. 23-Jan. 3, and spring vacation will be March 31-April 4. The complete instructional calendar is available on the District website ( www.nhusd.k12.ca.us ). Under the menu down the left side, click on “Calendar & School Hours.” Parents of Incoming Kindergartners Should Register Their Children Now Parents of children old enough to start kindergarten who have not yet enrolled their children are urged to begin the process as soon as possible. Enrollment packets can be picked up at the Centralized Enrollment Center, adjacent to the Educational Services Center at 34200 Alvarado-Niles Rd., Union City. Children born between Nov. 2, 2007, and Sept, 1...

Looks like a fun event at Quarry lakes on June 22

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      Saturday, June 22, 2013 11 a.m. to 3:30 p.m. Quarry Lakes Regional Recreation Area 2100 Isherwood Way, Fremont, CA 94536 FREE Admission and FREE Parking Discover your Regional Parks along with health related activities, vendors, and more at this free festival, celebrating National Get Outdoors Day in partnership with the US Forest Service. Enjoy music, entertainment, a Kids' Zone, naturalist programs, cooking demos, healthy food, and much more.   Entertainment & Activities Schedule Main Stage & Events hosted by Hispanic Radio & TV personality: Celina Rodriguez    TIME  EVENT   LOCATION  11a - 3:30p  Kid's Zone - Jr. Ranger Program  Kids' Zone  11 - 11:20a  Mariachi Jalisco  Main Stage  11:20 - 11:30a  Dahn Yoga: Kigong Demonstration  Main Stage  11:30 - 11:45a  Event announcements with EBRPD Board Members & Sponsors  Main Stage  11:45a - 12:00p  Ballet Fo...