Saghi Sabzevarian Realtor

New income property listing in the city of Santa Ana, Orange County:

Number of units: 4
Asking price: $789,000
Gross income: $4,725

Contact me for more info: [email protected]

RATES ARE REALLY GREAT!
Conforming 30 Year Fixed is at 3.625%
High Balance 30 Year Fixed is at 3.75%
FHA VA 30 Year Fixed is at 3.25%
FHA VA High Balance 30 Year Fixed is at 3.375%
Jumbo 30 Year Fixed is at 3.875%

Contact me with any Real Estate questions.
[email protected]

4 units in the price range of $670k-$800K will be coming on the market at Marquee Park Place in Irvine soon.
Please contact me to schedule a private showing.

New Rental Listing at Marquee Park Place in Irvine
Address: 3131 Michelson # 606, irvine CA 92612
2 bed + den/ 2 Bath on the 6th floor
Rent:$2,750/month
Call me to schedule a showing: 949-436-1986

Click the following link to view the Listing:
http://mrmlsmatrix.com/DE.asp?k=3781071XFN56&p=DE-293690477-233

New Listing:
Beautiful 2 bed/2bath, 1700 sq.ft. single story home in Laguna Niguel

http://mrmlsmatrix.com/matrix/shared/53cL0GVN6sFd/31078FlyingCloudDrive

Mortgage Market Update:
Interest Rate volatility is the norm these days. Rates are slightly better after being up last week.

Mortgage Market Update:

Rates continue at great levels.

Conforming 30 Year Fixed is at 3.625% up to $417,000
High Balance 30 Year Fixed is at 3.75% up to $625,500
FHA/VA 30 Year Fixed is at 3.5% up to $417,000
FHA/VA 30 Year Fixed High Balance is at 3.625% up to $625,500
Jumbo 30 Year Fixed is at 4%
Jumbo 5 Year Fixed is at 2.875%
All at Zero Points.

The Federal Reserve Board meeting adjourned today and their post meeting statement caused the stock market to surge and interest rates to drop!

As expected, they dropped the word "patient" to explain when there would be future short term rate hikes. Analysts falsely thought they would drop the word "patient" and start increasing rates as soon as June. They dropped the word "patient" and added that they felt they could let the unemployment rate now at 5.5%, drop to 5% or below without the need to boost rates.

They would raise the rates more slowly than they thought a few months ago due to softening of the US Economy. They cautioned that they will wait to see further improvement in the labor market and the economy before raising the rates.

This caused rates to drop after the mid day announcement.
30 Year Fixed is at 3.625% up to $417,000
30 Year High Balance is at 3.75% up to $625,000
FHA/VA 30 Year Fixed is at 3.5% up to $417,000
FHA/VA 30 Year Fixed High Balance is at 3.625% up to $625,500
VA Allows Zero Down up to $687,500
Jumbo 30 Year Fixed is at 3.875%
Jumbo 5 Year Fixed is at 3.875%
All at zero points.

Emerging trends in Real Estate 2015:

Property Investors Set to Benefit as Global Capital Flows East to West in 2015

The movement of capital from East to West is likely to remain the major influence on real estate markets in 2015, according to Global Emerging Trends in Real Estate® 2015, a summary report of all three Emerging Trends in Real Estate reports reflecting global real estate investor sentiment, published jointly by PwC and the Urban Land Institute.

http://www.uliemaildc.org/link.cfm?r=1969133380&sid=70700812&m=9591739&u=ULI_ULM&j=26660351&s=http://urbanland.uli.org/capital-markets/property-investors-set-benefit-global-capital-flows-east-west-2015/

"The best investment on earth is earth"
-Louis Glickman

Mortgage Market Update:
Rates have eased very slightly this week

California Median Home Price January 2015

FORECLOSURE INVENTORY DECLINES IN JANUARY

Foreclosure inventory declined 33.2 percent and completed foreclosures declined 22.5 percent from January 2014, according to CoreLogic’s January 2015 National Foreclosure Report. The report also shows there were 43,000 completed foreclosures nationwide in January 2015, down from 55,000 in January 2014, representing a 63 percent decrease from the peak of completed foreclosures in September 2010. Completed foreclosures have declined every month for the past 37 consecutive months. On a month-over-month basis, completed foreclosures were down 14.7 percent from the 37,000 reported in December 2014. As a basis of comparison, before the decline in the housing market in 2007, completed foreclosure averaged 21,000 per month nationwide between 2000 and 2006.

Highlights as of January 2015:
The number of mortgages in serious delinquency declined 23.8 percent from January 2014 to January 2015 with 1.5 million mortgages, or 4 percent.
The foreclosure inventory has experienced 39 months of continuous declines and year-over-year double-digit declines for 28 consecutive months
The five states with the highest number of completed foreclosures for the 12 months ending in January 2015 were: Florida, 111,000; Michigan, 51,000; Texas, 34,000; California, 30,000; and Georgia, 28,000. These five states accounted for almost half of all completed foreclosures nationally.

Mortgage Market Update

Recently closed:
*representing the buyer
Four unit multifamily/income property in Santa Ana CA.
High cap rate.
Financed by the seller.

Mortgage Market Update:

Mortgage Market Update:

Rates continue their volatility and are slightly up for some programs since the MLK Holiday weekend.

Still Amazing!
Conforming 30 Year Fixed is at 3.625% up to $417,000
High Balance 30 Year Fixed is at 3.75% up to $625,500
FHA/VA is at 3.25% up to $417,000
FHA/VA High Balance is at 3.625% with FHA capping at $625,500 and VA at 20% down up to $687,500
Jumbo 30 Year Fixed at 3.875%
Jumbo 5 Year Fixed at 3%

Mortgage market update:
Today's Rates

Conforming 30 Year Fixed - 3.5%
High Balance 30 Year Fixed - 3.625%
FHA up to $417,000 - 3.25%
FHA High Balance - 3.625
Jumbo 30 Year Fixed - 3.75%
Jumbo 5 Year Fixed - 2.875%

Mortgage Market Update beginning of 2015:
***Rates have dropped dramatically***

We are starting off 2015 with great news for the housing and mortgage market. The falling oil prices are helping out global economies but most importantly, the additional money in consumer's pockets is increasing consumer confidence which is starting the year at the highest level since 2008.

More people are working and jobs have shown the largest increase since 1998. Most of the new jobs are being seen for young people or our first time buyers. A report shows that Apple has hired 12,000 (average employee age is 31), Google has hired 7,500 people (average employee age 30) and Facebook has hired 4,000 (average employee age 28). Now these specific jobs may not be in our area but let's hope Southern California industries will see the same.

Most important, rates have dropped dramatically today.
Conforming 30 Year Fixed - 3.625%
High Balance 30 Year Fixed - 3.75%
FHA/VA 3.25% up to $417,000
FHA High Balance 3.375% to $625,500
VA Zero Down to $687,500 3.5%
Jumbo 30 Year Fixed 3.875%
Jumbo 5 Year Fixed 3%
All at zero points.

New for 2015
Conventional Loans are now available up to a 97% Loan to Value
Minimum FICO Score - 660
Owner Occupied 1 Unit Properties
1st Time Homebuyers Only
Homebuyer Education and Counseling Required
Must Pay Monthly Mortgage Insurance (Lender Paid is not yet available)

This may work for many borrowers that were considering FHA due to the lower down payment. The payment may end up similar but the Mortgage Insurance will not be for the life of the loan.

If you're planning on buying or selling you can reach me at 949-436-1986

To get the best loan services please contact Susan Van Wagenen 714-323-5559

Recently Closed representing the buyer:
3bed/3 bath Newport Beach-Balboa Blvd
$1.33M

Mortgage Market Update:
The Federal Reserve Meeting adjourned today with no change to short term interest rate. The change came with a post meeting statement from Chairman Janet Yellen where she indicated that the first rate increase would come sooner rather than later. This statement caused rates to increase today but only slightly. All experts are showing to LOCK in rates now!

Conforming 30 Year Fixed is at 3.75% up to $417,000
High Balance 30 Year Fixed is at 3.875% up to $625,500
FHA VA 30 Year Fixed is at 3.5% up to $417,000
FHA VA 30 Year Fixed High Balance is at 3.75%
FHA Limit to $625,500
VA Allows Zero Down Loans up to $687,500
All at ZERO points

CONVENTIONAL LOANS ARE NOW AVAILABLE UP TO 97% LOAN TO VALUE.
Minimum FICO Score = 660
Purchase Loans only
Owner Occupied 1 Unit Properties
1st Time Homebuyers Only (defined by not owning a property for three years)
Homebuyer Education and Counseling Required (may be done via phone or online)
Must pay Monthly Mortgage Insurance

Mortgage Rate Update:
Conforming 30 Year Fixed up to $417,000 is at 3.875%
High Balance 30 Year Fixed ($417,000 to $625,500) is at 4%
FHA/VA is at 3.625% up to $417,000
FHA High Balance is at 3.75% up to $625,500
VA is at 3.875% and zero down to $687,500
Jumbo 30 Year Fixed is at 4%
Jumbo 5 Year Fixed is at 3%

The big picture is we have very low interest rates, the lowest in 60 years.

This is a great time for buyers to be in the market.

For those who own homes and have loan on those homes, this is a great time to refinance to LOWER their PAYMENT, RATE OR TERM!

Conforming 30 Year Fixed is at 3.875% to $417,000
High Balance 30 Year Fixed is at 4% to $625,500
FHA/VA is at 3.625% up to $417,00
FHA High Balance is at 3.75% to $625,500
VA is at 3.875% and zero down up to $687,500
Jumbo 30 Year Fixed is at 4%
Jumbo 5 Year Fixed is at 3.125%
All at Zero Points.

My lender can do a 10% down Jumbo loan!

Mortgage Market update:
Rates continue their volatility. Ending the week slightly up over the end of last week.




Conforming 30 Year Fixed is at 4%

High Balance 30 Year Fixed is at 4.125%

FHA/VA 30 Year Fixed is at 3.625% to $417,000

FHA High Balance is at 3.75% to $625,500

VA 30 Year Fixed is at 3.875% and Zero Down up to $687,500

Jumbo 30 Year Fixed is at 4%

ALL AT ZERO DOWN




Note that the Jumbo 30 Year Fixed is at 4% which is the same as Conforming 30 Year Fixed but lower that High Balance. If you have a chance, the link below is an article found in the Washington Post addressing the Jumbo loans. These great rates are causing the sales of homes over $1 Million to rise (in Washington DC)




http://www.washingtonpost.com/news/get-there/wp/2014/11/07/rich-people-are-splurging-on-million-dollar-homes-again-heres-why/?wpisrc=nl-most&wpmm=1

Rich people are splurging on million-dollar homes again. Here’s why. The Washington market has seen an increase in the number of homes selling for more than $1 million.

3 Bed/2.5 bath condo for rent in Irvine
Contact me for more info

West Park Home For Rent For rent: $2,500. Very nice condo with an attached 2 car garage, located in the beautiful, safe and quiet Westpark's community of Aventura. Close to parks, major freeways and top rated Irvine schools.

This is the nicest and the largest home that is currently available on the market in the city of Aliso Viejo.
Contact me for more info.

Aliso Viejo Home For Rent For rent: . Beautiful house in the prestigious gated community of Kensington. This house has it all.

Our Interest Rates are hanging on a these low levels but can bounce higher at any time. Volatility is the key word!

Today the 3rd Quarter GDP (Gross Domestic Product) came in better than expected at 3.5%. Added to the 4.6% posted for the 2nd Quarter, it is the largest back to back reading since 2003.

The Fed ended buying back mortgage backed securities this month but will continue to maintain the low Federal Funds Rate for a "considerable time".

Conforming 30 Year Fixed continue at 3.875% to $417,000 (for the best FICO scores with 25% down)

High Balance 30 Year Fixed is at 4% up to $625,500

FHA/VA is at 3.625% up to $417,000

FHA is at 3.75% up to $625,500

VA is at 3.75% up to $687,500 with zero down

Jumbo 30 Year Fixed is at 4%

Jumbo 5 Year Fixed is at 3.25%

All at zero point!

HAPPY HALLOWEEN!

Conforming 30 Year Fixed is at 3.875% up to $417,000
High Balance 30 Year Fixed is at 4% up to $625,500
FHA/VA 30 Year Fixed is at 3.625% up to $417,000
FHA High Balance 30 Year Fixed is at 3.75% up to $625,500
VA High Balance 30 Year Fixed is at 3.875% up to $687,500 at zero down
Jumbo 30 Year Fixed is at 4%
Jumbo 5 Year Fixed is at 3%
ALL AT ZERO POINTS!

Rates are down this week:
Conforming 30 Year Fixed is at 4 to 4.125% depending on down payment and FICO score (up to $417,000)
High Balance is at 4.125% (up to $625,500)
FHA is at 3.625%
FHA High Balance is at 3.75%
Jumbo 30 Year Fixed is at 4%
Jumbo 5 Year Fixed is at 3.125%
All at Zero Points