Listing - Sold! September 2012
794 Vinci Way, Livermore CA
Sold Price - $875,000
Listing: Sold for $750,000 -
September 2013
1816 Sylvan Circle, San Leandro
Joseph Mendes Real Estate & Loans
Where rates are headed as of
01/09/2014:

Mortgage interest rates have moved
roughly 0.5% higher since October
(3.875% to the current 4.375%).
Positive economic news has led the
Federal Reserve to start tightening
with a reduction in their bond
purchases (the Taper has begun).
Treasury bond yields have moved
higher and are near 3.0% on the 10
year treasury with mortgage backed
securities following in line.  
Yesterday's ADP employment report
came in above expectations so the
Friday's government employment
report will be critical for the
direction of rates. The road ahead
for rates will be driven by the
direction of the US and world
economy including how Europe fairs
with its ongoing individual nation
debt issues.

Wholesale Interest Rates*
as of 01/09/2014 - note that
interest rates are in a constant
state of change - Please contact
me to find out the APR specific to
your unique situation

Conforming:

30 year fixed - 4.375%
15 year fixed - 3.375%
7/1 ARM - 3.25%
5/1 ARM - 3.00%

Priced at par for borrowers who
have a credit score of 720 or higher

Conforming High Balance (up to
$625,500):

30 year fixed - 4.5%
15 year fixed - 3.625%
7/1 ARM - 3.625%
5/1 ARM - 3.25%


Priced at par, 75% LTV
using full doc guidelines for
borrowers who have
a credit score of 740 or higher"

FHA/VA - $417,000 or less:

30 year fixed - 3.75%
15 year fixed - 3.25%
5/1 ARM - 2.875%

Priced nearest to par for borrowers
who have a credit score of 640 or
higher

FHA - $417,001 or more:

30 year fixed - 3.875%
15 year fixed - 3.5%
5/1 ARM - 2.875%

Priced nearest to par for borrowers
who have a credit score of 640 or
higher
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Your Realtor® and More...................Partnered with
925-963-2366
Joseph Mendes, MBA
Realtor® and Loan Officer
Real Estate Broker
BRE# 01710802
NMLS# 343215
Proud Title Sponsor of the
Mt. Tamalpais Hill Climb

Golden Gate Velo and ThirstyBearCycling host the
51st Mt. Tamalpais Hill Climb

presented by Joseph Mendes, real estate and loan services

Saturday, September 14, 2013
12 miles, 2,000 feet of climbing

Online registration is now open on the
USA Cycling website
Purchase - Sold! December 2012
2732 CALIFORNIA Street, Berkeley
Sold Price - $382,500