First Cal Mortgage is proud to release
“Listing Marketing” to our preferred business partners. We create websites for each of your listings
that you can post on the various social media sites, provide sign riders to
capture perspective buyers, and give you access to slick flyers! Take a look at the link and contact me if you
are interested! http://matthewmaltese.mysalebook.com
Financial Markets
Friday capped the Dow’s biggest weekly loss in 7 weeks, ending the
day at 16,960 (according to the app on my I phone). The Dow lost over 100 pts during the first
hour of the opening bell Friday, after Visa and Amazon released disappointing earnings
reports. 2nd Quarter earnings reports
season has turned out to be a positive one thus far, as nearly 70% of the
companies in the S and P 500 have either met or topped earnings estimates.
The Fannie Mae 3.5 and GNMA 3.5 coupons have avoided turbulent
trading over the past 2 weeks, with only a variance of just 40 basis points
between the high and low. This basically
means that 30 yr fixed rates haven’t moved more than .125% one way or the
other. It appears to be a stale mate
between a positive earnings season and geopolitical unrest, and as a result the
mortgage-backed securities are sailing through calm waters.
Southern Nevada Real Estate Related Data
According to a report recently released by Auction Control
Systems, notice of defaults are on the rise and will continue to do so over the
upcoming months, and would more than likely lead to a dip in sales prices in
the upcoming months. NODs for the month
of July project to be nearly 1,000 (less than 200 in January of this year) and
the company expects “2,000 notices monthly by fourth quarter”. The report goes on to state that the banks
have navigated through State Senate Bill 321, and are finally able to
properly execute the foreclosure from a
legal stand point.
Below is a thorough, interactive real estate sales report for the
month of June. Most of the data has been
covered in previous update, but is still a useful report if you are interested
in keeping current with trends. Thanks
Chicago Title!
For more real estate financing information, please visit my
website: http://www.matthewtmaltese.com/home.html
