Mortgage Rates Hold at 2017 Low

September 14, 2017

Following a sharp decline last week, the 10-year Treasury yield rose 11 basis points this week. The 30-year mortgage rate, however, remained unchanged at 3.78 percent. If Treasury yields continue to rise, mortgage rates could see an increase in next week’s survey.

9-14-17 Rate
©2017 by Freddie Mac. http://www.freddiemac.com

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Summit Funding Now Offering Appraisal Waivers!

Summit Funding is now implementing FNMA’s new Property Inspection Waiver Policy. Meaning, on Automated Approvals that allow for Property Inspections Waivers, clients do not need to pay for a property appraisal.

On eligible purchase and refinance transactions. Summit Funding clients save valuable time and appraisal money!

Give me a call today to discuss this further!

JJ Mazzo

Branch Manager
NMLS ID# 186548, CA BRE ID# 01350228, AZ MLO Lic# 0913442
31351 Rancho Viejo Road Suite 201
San Juan Capistrano, CA 92675
Direct: 877-237-9694

support@mazzogroup.com
http://www.themazzogroup.com

 

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31351 Rancho Viejo Road, Suite 201, San Juan Capistrano, CA 92675, Branch NMLS ID# 1420160, Summit Funding, Inc. NMLS ID# 3199 (Refer to http://www.nmlsconsumeraccess.org to see where Summit Funding, Inc. is a licensed lender). Arizona License (#0925837), Georgia License (#39456), Licensed by the California Department of Business Oversight (#6072526) and holds a CA Bureau of Real Estate Broker’s License (#01220358) under Nationwide Mortgage Licensing System (NMLS). In all states, the principal licensed office of Summit Funding, Inc. is 2241 Harvard Street, Suite 200, Sacramento, CA 95815; Phone: (916) 571-3000; http://www.summitfunding.net. This communication is for informational purposes only, this is not a commitment to lend. All programs are subject to change or cancellation at any time and without notice. Contact Summit Funding to learn more about mortgage products and your eligibility. Summit Funding, Inc. is an approved equal housing lender.

Best 2017 Labor Day Activities In Orange County

Happy Labor Day weekend! It’s going to be a scorcher of a weekend, but that doesn’t stop us Orange County folks from stepping outside to enjoy Labor Day with friends and family.  From street fairs with delicious food and music to art exhibits + more, Orange County knows how to kick off summers-end the right way!

Orange International Street Fair
www.orangestreetfair.org
WHERE: Orange Circle & Plaza Center, 112 E. Chapman Ave., Orange / (714) 633-4816
WHEN: Date: September 1, 2017 – September 3, 2017

Sawdust Festival
www.sawdustartfestival.org
WHERE: 935 Laguna Canyon Road, Laguna Beach / (949) 494-3030
WHEN: Until September 3, 2017

35th Annual Great Labor Day Cruise
www.thelabordaycruise.org
WHERE:  Orange County Fair & Event Center, 88 Fair Dr., Costa Mesa
WHEN: September 1 – 3, 2017

We hope you enjoy this time with your friends and family and a good BBQ! Drink plenty of fluids, its going to be hot out there and stay safe!

Were building our 3rd home!

When JJ first joined Giveback Homes, he helped fund a home for the Saballos Family,  just one month later he donated funds for a second home for the Sanchez family. Now, he has provided a donation for the third home for the Jarquin family. This summer JJ, with his wife Kimberly, participated in a home build in Santa Ana California. They are grateful to all their clients and partners for their business, which helps drive donations to Giveback Homes.

Bernarda Jarquin is 71 years old and lives with her three granddaughters: Joseline (22), Nolvia (16) and Sara (14). Joseline’s husband and their 4-year-old daughter also live in the same home. Joseline and her husband work at a local tobacco factory, while Bernarda sews and sells clothing from home.

Jarquin family-1Bernarda’s daughter lives and works in Panama, where she moved in hopes of finding a better job.

Their current home is composed of rotting wood boards, zinc metal sheets, and a dirt floor. They look forward to their new home so that they can provide a better future for their combined family. Thanks to JJ Mazzo and Summit Funding, Bernarda and her family will soon have a safe place to call home.  WATCH MORE HERE

Moving? Here’s How to Downsize Your Stuff Without Losing Your Mind

Buying a new home is stressful enough. When you start thinking about how to transport all of your endless stuff, it’s no wonder you might fall into anxiety overload. But there is one tried-and-true way to make your move less miserable: downsizing.

Granted, sorting things to toss or donate can be a headache in itself. But trust us: It is so worth it. After all, there’s a bit of the hoarder in everyone (sometimes more than a bit), and moving is the perfect opportunity to pare down your possessions. Plus, when you’re paying movers by the hour, fewer boxes means a smaller bill.

Sound good? OK, here’s your seven-step guide to purging before you pack. Continue reading at realtor.com

I appreciate the opportunity to assist you with your mortgage lending needs. #TheMazzoGroup Company Mission is to simply deliver a great borrower lending experience!

FIND OUT ⤵️ HOW MUCH YOU CAN AFFORD TODAY!
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Forecast: What the stats say about home ownership today!

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Please contact us with any questions directly at 877-237-9694 or jj@mazzogroup.com | www.themazzogroup.com

31351 Rancho Viejo Road, Suite 201, San Juan Capistrano, CA 92675, Branch NMLS ID# 1420160, Summit Funding, Inc. NMLS ID# 3199 (Refer to http://www.nmlsconsumeraccess.org to see where Summit Funding, Inc. is a licensed lender). Arizona License (#0925837), Georgia License (#39456), Licensed by the California Department of Business Oversight (#6072526) and holds a CA Bureau of Real Estate Broker’s License (#01220358) under Nationwide Mortgage Licensing System (NMLS). In all states, the principal licensed office of Summit Funding, Inc. is 2241 Harvard Street, Suite 200, Sacramento, CA 95815; Phone: (916) 571-3000; http://www.summitfunding.net. This communication is for informational purposes only, this is not a commitment to lend. All programs are subject to change or cancellation at any time and without notice. Contact Summit Funding to learn more about mortgage products and your eligibility. Summit Funding, Inc. is an approved equal housing lender.

Housing Market Outlook Tells Familiar Story

Following the ups-and-downs of the housing market can be difficult for the average home buyer or seller. Because of this, many Americans get in the market without a basic understanding of the forces currently driving home prices, mortgage rates, demand, etc. However, it can be beneficial to have a big-picture understanding of where things are and where they’re headed before you make a move.

These days, if you want a better grasp of what’s happening in real estate, you have to start with inventory. So far this year, a lower than normal number of homes for sale has been the primary factor influencing home prices and overall sales. Take the most recent outlook from Fannie Mae’s Economic & Strategic Research Group, for example. According to their forecast, inventory remains the big story, as it has been for the past year. “The narrative for the housing market hasn’t changed over the past year,” Doug Duncan, Fannie Mae’s chief economist, says. “A labor shortage continues to restrain homebuilding, and tight inventory is constraining sales and boosting home prices.”

Despite those challenges, Duncan says the group expects mortgage rates will stay low enough to support buyers and home sales should rise 3.2 percent this year. More here.

If you have any questions, please do not hesitate to contact us.

JJ Mazzo
Branch Manager
NMLS ID# 186548, CA BRE ID# 01350228, AZ MLO Lic# 0913442
31351 Rancho Viejo Road Suite 201
San Juan Capistrano, CA 92675
Direct: 877-237-9694

jj@mazzogroup.com | www.themazzogroup.com

31351 Rancho Viejo Road, Suite 201, San Juan Capistrano, CA 92675, Branch NMLS ID# 1420160, Summit Funding, Inc. NMLS ID# 3199 (Refer to http://www.nmlsconsumeraccess.org to see where Summit Funding, Inc. is a licensed lender). Arizona License (#0925837), Georgia License (#39456), Licensed by the California Department of Business Oversight (#6072526) and holds a CA Bureau of Real Estate Broker’s License (#01220358) under Nationwide Mortgage Licensing System (NMLS). In all states, the principal licensed office of Summit Funding, Inc. is 2241 Harvard Street, Suite 200, Sacramento, CA 95815; Phone: (916) 571-3000; http://www.summitfunding.net. This communication is for informational purposes only, this is not a commitment to lend. All programs are subject to change or cancellation at any time and without notice. Contact Summit Funding to learn more about mortgage products and your eligibility. Summit Funding, Inc. is an approved equal housing lender.