www.JosephMendes.com

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A real estate professional and cyclist active in his
community and in support of future riders

Having fun teaching children a little bit about bicycle safety and maintenance
at Chabot College's Children Center Trike-athon Fundraiser.

Listing - S old! J une 2009
5066 Saint Patricia Court
Concord, CA
Sold Price - $483,000

Listed for $327,950
Charming Sky High Ranch
Cabin near Bear Valley
1280 sqft of living space plus ~300
sqft of unpermitted living space
2 Bedrooms/1 Bath

Where rates are headed as of
0 2 /1 8 /2010 :

Rates have been moving up
these last few days as the stock
market has been climbing.
Today's PPI results also
sparked concerns regarding
possible inflation down the
road, which has not helped
rates. Rates typically go up
when stock prices go up as
investors move their money
out of bonds and into the stock
market. The long term outlook
is for rates to move much
higher by the end of the year
due to the inflationary
pressures combined with the
ever growing US debt.

Wholesale Interest Rates
as of 01/19/2010:

Conforming:

30 year fixed - 4.75%
15 year fixed - 4.25%
10/1 ARM - 4.375%
7/1 ARM - 3.875%
5/1 ARM - 3.625%
3/1 ARM - 3.625%

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

Jumbo (up to $729,900):

10/1 ARM - 4.75%
7/1 ARM - 4.375%
5/1 ARM - 4.0%
15 year fixed - 4.375%
30 year fixed - 5.0%

Priced at par, 80% LTV
using full doc guidelines for
borrowers who have
a credit score of 700 or higher"

FHA - $417,000 or less:

30 year fixed - 4.875%
15 year fixed - 4.5%
5/1 ARM - 3.75%
3/1 ARM - 3.75%

Priced nearest to par for
borrowers who have a credit
score of 620 or higher

FHA - $417,001 or more:

30 year fixed - 5.25%
15 year fixed - 5.0%
3/1 ARM - 3.875%

Priced nearest to par for
borrowers who have a credit
score of 620 or higher