Tuesday, September 18, 2007

Federal Discount Rate Drops 1/2 %

The Federal Reserve today surprised many banks and economists by lowering the Federal Discount Rate a full .500%.

The most immediate impact for most homeowners is drop in their home equity lines of credit. These loans are tied to Prime Rate, which has just dropped to 7.75%. A half percent drop in these rates is very significant.

The full impact on mortgage rates may take a few days to become evident, although we do expect to see a fall in some adjustable rate loans very quickly. Thirty year fixed rate loans are not dependent on Fed actions. If the market views the Fed moves as inflationary, fixed rate loans may actually rise.

Stay tuned, as we are sure there will be lots of rate news over the next few days.

Monday, September 03, 2007


Seller Asking $725,000.

Stunning views of La Costa and Carlsbad await you in this highly desirable 4 Bedroom, 3.5 Bath two story home near San Elijo Hills. Located in a quiet Cul-De-Sac high above the neighbors to the west, this is one of the few available homes that has no facing homes across the street and privacy in the backyard with incredible unobstructed views to the hills of La Costa and Carlsbad. Enjoy the convenience of one bedroom downstairs with its own private bath and patio. The Family Room includes a gas-fired fireplace and 42" Plasma TV with Bose Lifestyle Theater System. The Stainless Steel and Granite Kitchen features a center island walk-in pantry, and rich wood cabinetry. Whether you are in the kitchen, nook, master bedroom, master bathroom or spa you will enjoy breathtaking views! Upstairs, treat yourself to panoramic views from the large Master Bedroom that includes his and her closets, upgraded tile, beautiful accent tiles along the vanity, and still more views from the Master Bath! The backyard is very private and features a Spa with built-in waterfall. Old Creek Ranch is a great place to live with lots of hiking trails, community parks, tot lots, great access to freeways, shopping, and close to the La Costa Resort and San Elijo Park! Homeowners chose one of the very best lots in Dove Valley at Old Creek Ranch. Now, it can be yours!

Click Photo to View Virtual Tour