5.14% Weekly Mortgage Rate Lowest in 37 Years

On the front page of the Business Section in the San Jose Mercury News was this article – average rates on a 30-year fixed-rate mortgage have dropped to 5.14%. That is the lowest weekly rate since the survey began in 1971.
Is that causing people to run out and buy property, here or in my home [...]

Vacationing in California – Look Ma’, No Snow

Here is a picture from the front porch of my dad’s house in Gilroy, CA, home to the Gilroy Garlic Festival….

Notice the lack of snow! I spoke with an agent friend of mine in Chicago, and he said I was lucky to fly out yesterday.
I agree.

Visit Tumbao in Logan Square For Food and Latin Dance

I went with a friend last night to a birthday party at Tumbao, a Latin dance bar and grill, in Logan Square. The frontage of the place is standard for a lot, but the inside is longer at 150 feet. A standard lot in Chicago is 25′ x 125′.

The front does not look like much, [...]

A Simple Way to Write and Acheive Goals

I am not a huge goal-orientated person – I’ll admit it.
When I have written my goals down on paper in the past, however, I have noticed that I either (a) achieve them or (b) they fall off, not because I “failed”, but rather because those particular goals were no longer important to me.
Also, I like [...]

Two Points About Buying Foreclosures

Great post by Ryan with the Mario Greco Group regarding purchasing foreclosures.
When someone brings up a foreclosure property to me, there are always two points that need to be made:

The properties are often in terrible shape.
There are specific down payment requirements, so be sure you talk with your mortgage person.

As long as the buyer is [...]