Whiting Woods Real Estate Statistics

Fed Approves Cut in Discount Loan Rate

The Federal Reserve approved a half-percentage point cut in its discount rate on loans to banks Friday, a dramatic move designed to stabilize financial markets roiled by a widening credit crisis.

The action had an immediate positive impact on Wall Street after weeks of losses. The Dow Jones industrial average initially shot up more than 300 points right after the opening bell. By early afternoon, stocks had given up some of the initial gains but the Dow was still up by more than 200 points.

The decision means that the discount rate, the interest rate that the Fed charges to make direct loans to banks, will be lowered to 5.75 percent, down from 6.25 percent.

The Fed did not change its target for the more important federal funds rate, which has remained at 5.25 percent for more than a year but it sent a strong signal in the wording of its statement that it was prepared to cut that rate as well.

It did that by dropping any reference to inflation, which was the worry that had kept it from cutting the federal funds rate, and instead stated "that the downside risks to growth have increased appreciably."

Many economists said the move from an emphasis on inflation worries to an emphasis on worries about economic growth is the precursor to an actual cut in rates, probably at the next regular Fed meeting on Sept. 18.

Contact Haro Gharbigi

Welcome.

 

You can contact me directly on my cell phone at (818) 624-0941 or go to my listing and community information website at http://www.harogharbigi.com - You've made the first step in contacting the local real estate expert!

Could first time home buyers get a helping hand with subprime difficulties?

San Francisco Chronicle: Subprime loan aid possible
By Matthew Yi
4/24/07
A state Assembly committee approved a bill that will create a fund that homeowners with subprime mortgages can use to refinance their loans.

"Just Listed" for 10435 Jardine Ave, Sunland, CA

Dear Blog Posting

A Flyer has been created for you. Click the link below to view the Flyer:
"Just Listed" for 10435 Jardine Ave, Sunland, CA

To view this link, you need the Adobe Acrobat Reader program. The program is freely available if you do not already have it.

Sincerely,

 

 

 

Professional REALTOR

Century 21 Crest

http://www.harogharbigi.com

Haro@topproducer.com

Cell:  (818) 624-0941

Direct Office: (818) 541-7517

 

 

Each office is independently owned and operated.  Featured properties may not be listed by the office/agent presenting this brochure.  Information has not been verified, is not guaranteed, and is subject to change.  If Your property is currently listed with a real estate broker please disregard this offer.

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"Just Listed" for 10435 Jardine Ave, Sunland, CA

Dear Blog Posting

A Flyer has been created for you. Click the link below to view the Flyer:
"Just Listed" for 10435 Jardine Ave, Sunland, CA

To view this link, you need the Adobe Acrobat Reader program. The program is freely available if you do not already have it.

Sincerely,

 

 

 

Professional REALTOR

Century 21 Crest

http://www.harogharbigi.com

Haro@topproducer.com

Cell:  (818) 624-0941

Direct Office: (818) 541-7517

 

 

Each office is independently owned and operated.  Featured properties may not be listed by the office/agent presenting this brochure.  Information has not been verified, is not guaranteed, and is subject to change.  If Your property is currently listed with a real estate broker please disregard this offer.

If you do not wish to receive future emails, please click the link to Unsubscribe: Unsubscribe.

Check information on any house from your cell phone?

The following is a article By Rocky Mountain News website:

April 9, 2007

"

Using your mobile device to get information about real estate is a hot technology, and Denver entrepreneur James Eberhard is taking advantage with his launch of HouseFront.

Eberhard's latest venture is a mobile service that allows users to find property values and other information on more than 77 million homes in the U.S.

 

Here's how it works: You're in front of a home you want to know more about. You type in the home's address, then text message it to the short code 46873 (it spells house), and HouseFront will send a response that includes an estimated value, along with the number of bedrooms and bathrooms, square footage, last sold date, and sales trends for that neighborhood.

 

The service is free, though text messaging rates for your mobile carrier apply.

 

"From any mobile phone, just text in the address, and send it to the short code HOUSE, and we give you back (that information)," said Eberhard, 28, who sold his previous business - 9Squared, a provider of downloadable ringtones - to U.K.-based Monstermob Group PLC for $40 million in 2004.

 

Eberhard said HouseFront, which has an online database at HouseFront.com, took nine months to develop.

 

"The information comes from public records, and we use a number of evaluation tools" to value properties, he said. "We take the public records and combine it with MLS (multiple listing service) data, everything from beds, baths, square footage, year built.

 

"We looked at the housing market and how it's moved over the past 10 years, and the biggest thing that helps people is access to information.

 

"The Internet is great, but would you rather be looking at picture on a screen or be sitting out front of the home looking at the information?"

 

Eberhard said the service is not meant to be a substitute for a Realtor.

 

"You still need to have someone who can take you into the house. We can give a good depiction through MLS and public records, but we can't tell you whether someone has knocked down a wall in the home."

 

Users of the service can create a free account at the Web site, which will maintain an online database of properties researched so a userSource: Homefront, Rocky Mountain News can do comparison shopping.

 

How it works

 

House Front is a mobile service that allows users to find propertyvalues and other information on more than 77 million homes.

 

Consumer sends in property address to 46873, or HOUSE.

 

Reply then is sent with estimated house value, house details\ and margin of error.

"

 

 

Local Real Estate Agent Links...

SERVING...
Glendale, Burbank, La Crescenta, Montrose, La Canada, Tujunga, Sunland
and surrounding areas.

 

Haro Gharbigi
4005 Foothill Boulevard
La Crescenta, CA 91214
Phone: (818) 624-0941

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30-year fixed rate at 5.72%; 10-year Treasury yield at 4.65%

According to the Inman News Aricle dated Monday, April 02, 2007

 

"Long-term mortgage interest rates continued higher Friday, and the benchmark 10-year Treasury bond yield rose to 4.65 percent.

The 30-year fixed-rate average gained to 5.72 percent, and the 15-year fixed rate climbed to 5.45 percent. The 1-year adjustable held at 5.33 percent.

The 30-year Treasury bond yield stayed at 4.84 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

 

Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5.

 

In other economic news, the Dow Jones Industrial Average gained 5.6 points, or 0.05 percent, finishing at 12,354.35. The Nasdaq was up 3.76 points, or 0.16 percent, closing at 2,421.64.

Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time."

 

Overnight real estate rates sink

30-year fixed rate at 5.7%; 10-year Treasury yield at 4.6%

 

 

According to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5 long-term mortgage interest rates were down Tuesday, and the benchmark 10-year Treasury bond yield stayed at 4.6 percent.

The 30-year fixed-rate average dipped to 5.7 percent, and the 15-year fixed rate slipped to 5.43 percent. The 1-year adjustable was down at 5.32 percent.

The 30-year Treasury bond yield held at 4.8 percent.

Rates are current as of 7:15 p.m. Eastern Standard Time.

 

The Dow Jones Industrial Average lost 71.78 points, or 0.58 percent, finishing at 12,397.29. The Nasdaq was down 18.2 points, or 0.74 percent, closing at 2,437.43.

All figures are current as of 7:30 p.m. Eastern Standard Time.