WEEKLY RATE SHEET
Michael Loglisci
Trident Mortgage Consultants
Brigantine Office
Phone: (609) 264-7232
Cell: (609) 338-9001
Michael.Loglisci@prufoxroach.com
January 28 2009
Loan Amounts to $417,000* 1pt 0 Points
30 Year Fixed 5.000% 5.500%
15 Year Fixed 4.750% 5.375%
1pt 0 Points
3/1 ARM 4.875% 5.250%
5/1 ARM 4.875% 5.250%
Loan Amounts $417,000 to $1M 1pt 0 Points
30 Year Fixed 5.500% 5.750%
15 Year Fixed 5.125% 5.375%
3/1 ARM 4.875% 5.125%
5/1 ARM 4.875% 5.125%
The programs and rates listed above are just a few of the loan programs
available thru Trident Mortgage.
Trident Mortgage has loan programs to suit all of your clients needs.
Our success depends on your referral.
*Interest rates are subject to change without notice. Rates may vary based on borrowers qualifications.
Please contact your Trident Mortgage Consultant for more information.
We Bring You Home.
TRIDENT MORTGAGE COMPANY
Everything You Need. Right Here. Right Now.
January 22, 2009
15 Year Fixed 4.750% 5.250%
3/1 ARM 4.750% 5.125%
5/1 ARM 4.750% 5.125%
We had a team that turned the season around after a 5-5-1 start. What can you say but feel some disappointment for the team and the players. If we only played great in the first half.
We always get close but it seem like we can never get to the Big Game. We made it here to the NFC final five times and only made it through to the Super Bowl once.
The Philadelphia Eagles still show some promise for the future and it will be up to the front office, the players and the coaching staff to find a way to be remarkable team all year long in 2009. Go EAGLES and GO STEELERS!
January 19, 2009
30 Year Fixed 4.875% 5.500%
15 Year Fixed 4.750% 5.125%
Loan Amts $417,000 to $1M 1pt 0 Points
January 15 2009
30 Year Fixed 4.625% 5.250%
15 Year Fixed 4.375% 4.875%
January 14 2009
Loan Amts. $417,000 to $1M 1pt 0 Points
January 08, 2009
30 Year Fixed 4.625% 5.000%
15 Year Fixed 4.250% 4.625%
DAYLY RATE SHEET
January 05, 2009
30 Year Fixed 4.875% 5.375%
15 Year Fixed 4.625% 5.000%
5/1 ARM 4.750% 5.250%
*Interest rates are subject to change without notice. Rates may vary based on borrower’s qualifications.
In 2008, we sold 250 homes compared to 307 homes in 2007 a decline of 18.5%. The average sale price for 2008 was $453,628 compared to $555,327 in 2007, a decline of 18%. A better indication of price point would be the Median Price, and in 2008 the median price was $362,500 compared to $400,000, a decline of only 9.4%.
In 2008, our total Sales Volume was $113,407,712 compared to $170,485,426. We had a decline of $57,077,710 in volume or 33.5% overall. There was $57 Million dollars missing from our local market last year. I will bet you we had a few people that lost money in real estate in 2008 as well as a few banks and mortgage companies.
Sellers, what this is telling you…price your homes correctly. If you do that now, we will sell your home. Do not leave (loose) any money on the table.
2008 was a bad year with all the bad news about the credit crunch/crisis, stock market jitters/crash, the real estate market imploding, lame duck president, the war in Iraq, and yati, yati, yati! Can things get any worse?
Despite the gloom and doom we are starting to see some new exiting things that will help our real estate market. The mortgage rates are at an all time 50 year low. The supply of inventory is dropping and we have gotten price reduction from sellers that want to sell their homes.
We have a new president elect that will take over in a few weeks. Things are starting to look up!
We wish all our readers a Happy and a Healthy New Year! We also wish you success in positive accomplishments through out the New Year!
Cheers to 2009!