"What's the FOUR Letter Word Asked About Social Media?" Video

What is the FOUR Letter Word Asked About Most Frequently Regarding Social Media, at Social Media Marketing Seminars and Classes throughout the United States?
It's all revealed at the 1:45 mark in this video blog post by Ed Bisquera, Mortgage Matchmaker & Social Media Guy. Recorded in beautiful sunny downtown Vancouver, WA, dated July 1, 2009.

Quote of the day:
Insincerity is always weakness; sincerity even in error is strength.
~George Henry Lewes

• Today's Mortgage Rates Watch & Real Estate/Mortgage News

Rates look like they are sitting fairly stable at the 5.375-5.625% range (5.77%-5.99% APR) on a Conventional 30 YR Fixed Loan, NO pts, 20% down (80% Loan To Value), Owner Occupied, with 740 or higher FICO credit score. Forecasts are predicting a small increase in rate, due to typical activity as 2nd quarter earnings are taken to offset any capital gains.

NO APPRAISAL REQUIRED!!
WHEN YOU BUY A FANNIE MAE-OWNED HOME
with a Homepath Loan
Find out more in tomorrow's Video Blog Post!

HVCC News: The appraisal issues dealing with the HVCC law is being dealt with and you can do something about it to fight it. There is a bill currently being sponsored to put the HVCC on hold, as the Feds try to figure out how to rectify the shortcomings of this HVCC ruling. It's apparent that it was a big mistake and you can check out our friends at Think Big Work Small and see what they have to say about it. Are you a Realtor and HATE FAILED SALES?? Watch this video NOW and sign the HVCC Petition NOW!!

UPCOMING EVENT
Class on Social Media "Getting Connected"
for Real Estate Professionals, 3 CE Clock hours

Date: Thursday, July 23, 2009
Time: 1 -4 PM
Location: Keller Williams, Downtown Office
915 Broadway Ste 100, Vancouver, WA 98660

== Cost: $27 Early Bird special before Midnight, July 21, 2009 ==

Learn how getting connected and participating in the conversation online where your clients, prospects and audience is, using Social Media tools, is important to your Real Estate business. Produced by Natalie Danielson of Professional Directions/Clockhours.com and taught by Ed Bisquera and Natalie Danielson.

Details at the event signup page here:


Getting Connected through Social Media Class for Realtors.

------

• WEDNESDAY FREE LUNCH TRIVIA QUESTION OF THE DAY

What Lewis Carroll book was banned in China after censors decided:
"Animals should not use human language"?
Answer: YOU TELL ME! :-)

So, for every correct answer that is either either replied via Facebook (post a reply/comment on my wall under the question) or Twitter (send me an @edbisquera reply) or post a comment here below on my blog, gets entered into a drawing to win a FREE Lunch to Blackstone, Gift Card valued at $50! Now, you can send me a private message via Facebook and Twitter too with the correct answer; that will get you entered to win.

Again, it's for every CORRECT ANSWER that gets you into the drawing. And I'll post a video recording of me drawing the winner next Wednesday, along with the new Wednesday Trivia for Free Lunch.

I had NO ONE enter the contest last week, so I'm hoping there's a few that at least play along for a FREE LUNCH to Blackstone Restaurant (ok, you get a $50 gift card. Deadline is by next Tuesday, July 7 at Midnight!).

• The FOUR Letter Word Dealing with Social Media
revealed at the 1:45 mark in video above

It's every person's "curse" and every person's main question when talking about using Social Media. Are you facing the same problem? Are you interested in learning more and how to maximize this FOUR Letter word? Watch the video to find out what I talk about and if you're interested in a Social Media 101 Class & Course, contact me through EdBisquera.com or call me at (360) 597-8283. I will have an event sign up here on my blog tomorrow. Stay tuned!

That's it for today. Thanks again for visiting, watching and reading. If you found any value in today's video blog and post, please share this post with anyone you know that may be interested.

Best wishes to you and here's to a wonderful Wednesday!

Ed Bisquera, 360-597-8283 Cell Phone

P.S. Young Professionals of Vancouver Networking Event TODAY at Joe's Crab Shack, on the mighty Columbia River at 5:30. Come by, chat, drink and network! EB

===
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4.875% (4.99% APR) in 02/20/09 Mortgage Market Commentary and News For Washington & Oregon

Ed Bisquera Mortgage Consultant Portland Oregon Vancouver Washington

Most rates improved today as mortgage bonds regain some of the losses from Thursday following the direction of Treasuries, which are busy gaining back yesterday’s losses. Up and down…up and down. The good news is mortgages, while trending in the same direction as Treasuries, have not seen the massive swings in price, thanks in part to the Fed’s intervention. Let’s hope this trend continues as massive swings in rates coupled with longer turn times due to volume creates all kinds of problems for both brokers and lenders alike. The Dow has sunk below its November lows in search of a bottom, down over 100-points at the moment at 7355. Blame the banks: fears of nationalization, under capitalization and, of course, the whole Swiss tax evasion issue isn’t helping either. Happy Friday…

In the News:

Jumbo Defaults Up While Getting Jumbo Loans Proves More Difficult

Jumbo Loan Defaults Rise at Fast Pace as Rich Sufferr

Feb. 20 (Bloomberg) -- Luxury homeowners are falling behind on mortgage payments at the fastest pace in more than 15 years, a sign the U.S. financial crisis that began with the poorest Americans has reached the wealthiest.

About 2.57 percent of prime borrowers who took out jumbo loans last year were at least 60 days delinquent, a percentage reached within 10 months and the fastest since at least 1992, according to LPS Applied Analytics, a mortgage data service in Jacksonville, Florida. That’s almost twice as quickly as 2007 borrowers fell behind and a level 2006 owners haven’t attained after almost three years.

The jump in late payments on jumbo loans, while still lower than the 20 percent delinquencies in subprime mortgages, signals that the borrowers with the most money and the best credit are hurting as the U.S. recession deepens in its second year. It also means these loans will be even more difficult to obtain and more expensive to pay off.

== READ THE REST HERE: Jumbo Defaults Up While Getting Jumbo Loans Proves More Difficult

Today’s Lock Rate (Feb 20, 2009)

30 YR Fixed 4.875% (4.99%APR)

(740+FICO/<=80%LTV/Rate & Term/30 Day Lock Full Documentation/With Impounds)

Call me at (360) 597-8283 for your pre-approval and I’ll provide a Good Faith Estimate & Lock Terms to secure your refinance or purchase loan and rate.

Interest Rates AND Demand for purchase and refinance funds will likely increase now that the $787 Billion Dollar Stimulus Package has passed.

Don’t wait or waste time, email me ed@pdxloan.com or call 360.597.8283 to today, to secure these funds now!

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Daunting Employment Numbers for US in Real Estate Report 01/13/09 Portland, OR & Vancouver, WA

[For the most current issue click here]

Jan 13, 2009 Real Estate & Economic Report from Ed Bisquera of Mortgage Express metro markets of Portland, Oregon & Vancouver, Washington.
Featuring news for homebuyers, homeowners, realtors and the general real estate market.

Daunting Numbers
It was not like we were not warned. They were expected. Yet, the reality of the numbers were quite sobering. The employment statistics for December and 2008 were horrific to say the least. Over 2.5 million jobs were lost in 2008 and the loss in December alone was over 500,000. The job losses caused the unemployment rate to shoot up to 7.2%. Here is an interesting perspective. We lost more jobs in the past year than in any year since the end of World War II.

Daunting numbers indeed. But the interesting thing is that the markets barely blinked when they were released. The Dow shed almost 150 points, rates were down slightly and oil prices also fell, but moderately. How could the markets react so moderately in the face of such important news? Could it be that the bad news has been priced into the markets already? If this is the case, then rates, oil and the stock market are as low as they are going to go for the near term. Certainly the movements downward were significant during the latter half of 2008. For example, oil prices moved from $140 per barrel mid-year to $40 by the end of the year. That is quite a swing. It would not be surprising to see a period of consolidation where the markets bounce around before the next movement is signaled. The market may be waiting for any glimmer of hope that the worst is behind us and it may be until then that we witness any further fireworks.

The Markets. Mortgages continued their assault on record lows as they dropped for the tenth week in a row. Freddie Mac announced that for the week ending January 8, 30-year fixed rates averaged 5.01%, down from 5.10% the week before. The average for 15-year fixed fell to 4.62%. Adjustables were mixed with the average for one-year adjustables increasing to 4.95% and five-year adjustables falling to 5.49%. A year ago 30-year fixed rates were at 5.87%. "Rates for 30-year fixed mortgages fell for the tenth week to a fourth consecutive record low due in part to the Federal Reserve’s recent purchases of mortgage-backed securities issued by Freddie Mac, Fannie Mae and Ginnie Mae," said Frank Nothaft, Freddie Mac vice president and chief economist. "On November 25, 2008, the Federal Reserve announced that it planned to purchase up to $500 billion of these securities by the end of June of this year. For the sake of comparison, there were roughly $4.7 trillion of such securities backed by home mortgages available as of September 30, 2008. Since the end of October 2008, these rates have declined by almost 1 1/2 percentage points, or payment savings of about $184 a month for a $200,000 loan."

Current Indices For Adjustable Rate Mortgages

Updated January 9, 2009

	Daily Value	Monthly Value
	Jan 8	December
6-month Treasury Security	0.28%	0.26%
1-year Treasury Security	0.44%	0.49%
3-year Treasury Security	1.16%	1.07%
5-year Treasury Security	1.60%	1.52%
10-year Treasury Security	2.47%	2.42%
12-month LIBOR–WSJ		2.406% (Dec)
12-month MTA		1.823% (Dec)
11th District Cost of Funds		3.155% (Nov)
Prime Rate		3.25% (Dec)

A study of the Baby Boom generation by AARP and the National Association of Home Builders concluded that because the number of people age 65 and older will grow to 70 million by 2030, where boomers choose to live will have maximum impact on the housing industry. While boomers will reflect the patterns of earlier generations and mostly age in place, said Elinor Ginzler, senior vice president of AARP, “The sheer number of boomers will increase demand for a whole variety of home and community options. Key findings from the study include the facts that 79 percent would like to stay in their current homes as long as possible and 50 percent of those who plan to move want a home that is newer than their current home. Source: The Chicago Tribune

The pace of teardowns has slowed and preservationists are applauding the trend. About 75,000 homes a year were torn down across the country at the peak of the market. The National Trust has expanded its list of endangered neighborhoods to include 500 neighborhoods in 40 states. The demolitions have triggered bitter battles between preservationists and suburbanites seeking new homes in mature, urban neighborhoods. But with new housing starts at a 26-year low, teardowns are experiencing a lull. For instance, in Westport, Conn., teardown permits were down 33 percent in 2008 compared to the previous year. "The idea that you’re going to make a lot of money tearing down an old house to build a new one, that’s gone," says Morris Davis, a real estate economist at the University of Wisconsin in Madison who has advised the Federal Reserve on the teardown trend. "We’re advising communities to take advantage of this slowdown and use it as a cooling-off period," says Adrian Fine, a regional director for the National Trust for Historic Preservation in Washington. "It gives them a little more time to have a less heated and less controversial discussion to protect a specific neighborhood and balance that with the need for growth and development." Source: The Christian Science Monitor

==About Ed==

As your trusted Mortgage Consultant & Advisor, I help you understand the process of acquiring a residential, commercial or investment property loan. Communication and integrity are very important to me in earning your trust and your business. I'm your "Mortgage Matchmaker" helping you through the mortgage process and showing you innovations and the latest news you can use in the real estate and mortgage industry.

As part of my effort to share knowledge and keep you abreast of the latest news in real estate, finances and business in general, I offer this weekly and monthly newsletter update to you.

Please feel free to forward this or send anyone you know to my personal blog, at which this and past newsletters are available.

WA Lic # 510-LO-35270 OR ML #1952

Read the original here

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Real Estate Report 01/06/09 Portland,OR & Vancouver, WA

[Click here for latest Real Estate & Economic Report]

Jan 6 2009 Real Estate & Economic Report from Ed Bisquera of Mortgage Express metro markets Portland Oregon & Vancouver Washington.

The Big Question 

In the past week we gave some perspective regarding how housing prices have performed in the long run. Despite the recent precipitous drop in prices, housing as an investment performs strongly when you look at the big picture. On the other hand, we can’t ignore the fact that prices have fallen significantly in the past year and the overall economy is not likely to recover until home prices stop dropping. So, the big question is, when will home prices stop dropping? With so many foreclosures on the horizon, there may seem to be no end in sight to the current cycle. Once again, let’s add some perspective.

Remember, a few years ago when it seemed that home prices would not stop rising? Everyone was outbidding each other to get the next property. Of course we knew that home prices could not skyrocket forever because people would not be able to afford to purchase. The same applies here. Home prices can’t just keep dropping. As prices become lower, affordability will go up and more Americans will purchase real estate. Recent record low rates will help move that date forward as well. Even more important, as buyers come back to the market and prices stop falling, lenders will be more confident in lending in a stable price environment. This is why price stability is so important to our overall financial recovery. When will this happen? Watch existing home sale statistics as we ring in the New Year, as they will be the most important indicator of whether buyers are returning to the game.

The Markets.

Mortgages continued their assault on record lows as they dropped for the ninth week in a row, although the rate of decline has slowed in the past few weeks. Freddie Mac announced that for the week ending December 31, 30-year fixed rates averaged 5.10%, down from 5.14% the week before. The average for 15-year fixed fell to 4.83%. Adjustables were mixed with the average for one-year adjustables decreasing to 4.85% and five-year adjustables rising to 5.57%. A year ago 30-year fixed rates were at 6.77%. "Rates for 30-year fixed-rate mortgages fell for the ninth straight week and represented a third consecutive all time record low since Freddie Mac’s survey began in April 1971," said Frank Nothaft, Freddie Mac vice president and chief economist. "Since the end of October of this year, these rates have declined by about 1-1/3 percentage points, or a reduction of approximately $173 a month for a $200,000 loan. As a result, the number of refi applications for conventional mortgages jumped over 500 percent between the weeks ending on October 31st and December 26th. Lower rates and falling house prices are also making homeownership more affordable to potential homebuyers. For instance, house prices fell 18 percent over the 12-month period ending in October, according to the S&P/Case-Shiller® 20-city composite index. Every city posted a second consecutive month of decline in October. From its peak set in July 2006, the composite index is down 23.4 percent."

Current Indices For Adjustable Rate Mortgages

REAL ESTATE NEWS

First-time homebuyers in 2008 can take an income-tax credit on their purchase, thanks to passage in Congress earlier last year of the first-time home buyer tax credit. The definition of first-time homebuyer is generous. To get the credit, the homebuyer cannot have owned a home in the previous three years. The home must be a principal residence and purchased between April 9, 2008 and July 1, 2009. The credit is equal to 10 percent of the purchase price, up to $7,500. Single taxpayers with modified adjusted gross income up to $75,000 and couples with MAGI up to $150,000 will qualify for full credit. Singles with MAGI up to $95,000 and couples with MAGI up to $170,000 will get a reduced amount. Those with higher incomes don’t qualify. If the amount of tax a homebuyer owes is less than the amount of the credit, they get to keep the difference in the form of an IRS refund. The homebuyer must begin to repay the credit in two years in increments of about $500 a year over a 15-year period for those who received the full credit Homebuyers who sell their home before the credit is repaid must pay off the loan with any profits. If they sell the home at a loss, the loan is forgiven. Source: Chicago Tribune

More buyers in search of home loans are turning to an obscure program operated by the United States Department of Agriculture. The program allows no-money-down purchases. In fact, including a mortgage insurance policy, a borrower can seek up to 102 percent. To be eligible, buyers can’t have income that exceeds 115 percent of the median county income. The loans are restricted to low-density areas, generally towns of no more than 25,000 residents. The loans are made by private lenders, then insured by the government. Some home builders are promoting the use of this program. "It’s one of our main tools right now," says John Bargnesi, vice president for sales of Scottsdale, Ariz., home builder Meritage Homes. Source: The Wall Street Journal

Shrinking employment is reducing the demand for commercial real estate, and the Urban Land Institute, an industry trade group, is predicting that the bottom of the commercial market is still six to 12 months away. "There is a psychological component to all this," said Robert Gardner, managing director of real estate consulting firm Robert Charles Lesser & Co. "Exuberance on the upside is being compounded on the downside and markets will overshoot in the other direction." Financing is almost impossible for developers to obtain in many parts of the country, even for modest projects. “The mega deal is done” at least for now, Gardner said. "Usually some markets perform better than others," said Delores Conway, director of the Casden Economic Forecast at University of Southern California, "but demand is weak everywhere." Source: Los Angeles Times

Ed Bisquera
Mortgage Express LLC - Oregon & Washington
13115 NE 4th St #160
Vancouver, WA. 98664
ed@pdxloan.com
(360) 597 - 8283

As your trusted Mortgage Consultant & Advisor, I help you understand the process of acquiring a residential, commercial or investment property loan. Communication and integrity are very important to me in earning your trust and your business. I'm your "Mortgage Matchmaker" helping you through the mortgage process and showing you innovations and the latest news you can use in the real estate and mortgage industry.

As part of my effort to share knowledge and keep you abreast of the latest news in real estate, finances and business in general, I offer this weekly and monthly newsletter update to you.

Please feel free to forward this or send anyone you know to my personal blog, at which this and past newsletters are available.

WA Lic # 510-LO-35270 OR ML #1952

Read the original here

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