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
04/2/2015:
Mortgage interest rates cycled up
and down over the last few months
with current rates effectively at
where we were in early January. The
factors impacting the interest rate
volatility are many including oil
prices, economic weakness along
with central bank "easing policies"
in Europe and Asia, the signals sent
by the Federal Reserve, and the
United States' economic roller
coaster ride. Recent economic news
in the United States has been mixed
which when combined with the
weaker broader economic picture
has allowed the Federal Reserve to
take a less hawkish in its statements
have led to more favorable recent
rate market trends.  Interest rates,
however, are still roughly 100 basis
points off the interest rate lows
seen in mid and late January.  
Looking at Geopolitical happenings,
we have the situation in Greece
taking front stage.  The possible exit
of Greece from the Euro currency
has also helped keep rates low.
Another huge factor putting
lowering pressure on interest rates
is the spread between the German
and US treasuries.  The European
version of the Federal Reserve, the
ECB, recently rolled out a bond
buying program which has
contributed to making high quality
government bonds more scarce,
driving up demand, which has
helped push the German 10 year
bond to its current 0.189%.  The
comparable US 10 year  treasuries
are fully 172+ basis points higher
with this delta in yields helping keep
US rates low.

Wholesale Interest Rates*
as of 04/2/2015 - 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 - 3.5%
15 year fixed - 2.75%
7/1 ARM - 3.00%
5/1 ARM - 2.75%

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

30 year fixed - 3.625%
15 year fixed - 2.875%
7/1 ARM - 3.0%
5/1 ARM - 2.75%

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 - 3.25%
15 year fixed - 3.00%
5/1 ARM - 2.875%

FHA - $417,001 or more:

30 year fixed - 3.375%
15 year fixed - 3.125%
5/1 ARM - 3.0%

FHA - 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
Purchase - Sold! December 2012
2732 CALIFORNIA Street, Berkeley
Sold Price - $382,500
Listing - Sold! October 2014
13110 Laurel St, Boulder Creek, CA
Sold Price - $512,000
Check out my new listing at
http://www.tourfactory.com/1374406
1120 Sylvia Way, Ben Lomond