Author Archives: Bob Phillips

About Bob Phillips

Serving Coto de Caza and South Orange County, in Southern California, since 1976 - over 35 years! I am now affiliated with Realty ONE Group, in Mission Viejo. I am experienced and highly trained, in today's distressed property situations, including loan modifications, and short sales - holding both the CDPE and the SFR designations. If you're looking to buy, sell, or lease property in South Orange County, California, I am thoroughly prepared to help you succeed in your goals. My California DRE license # is 00581357

Reverse Mortgages : Pros And Cons

Posted on May 8, 2012 by Bob Phillips

A reverse mortgage is exactly what it sounds like — a mortgage in reverse. Here’s some analysis on the program and how it could work for you. Continue reading →

Posted in Mortgage Guidelines | Tagged HUD, NBC, Reverse Mortgage | Leave a comment

What’s Ahead For Mortgage Rates This Week : May 7, 2012

Posted on May 7, 2012 by Bob Phillips

Mortgage rates improved last week for the first time in 3 weeks. Continue reading →

Posted in Mortgage Rates | Tagged Eurozone, Freddie Mac, Non-Farm Payrolls | Leave a comment

Planning For A Memorial Day Closing

Posted on May 4, 2012 by Bob Phillips

Planning to close on your home at the end of May? Plan ahead. Memorial Day is coming and the holiday may delay your closing. Continue reading →

Posted in Personal Finance | Tagged Holiday, Memorial Day, Title Company | Comments Off

Make A Mortgage Rate Plan Ahead Of The Jobs Report

Posted on May 3, 2012 by Bob Phillips

Been shopping for a mortgage rate? You may want to lock something down. Tomorrow morning, mortgage rates are expected to change. Unfortunately, we don’t know in which direction they’ll move. Continue reading →

Posted in The Economy | Tagged Home Affordability, Jobs Report, Non-Farm Payrolls | Comments Off

Home Values Start The Year Strong

Posted on May 2, 2012 by Bob Phillips

According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.3 percent between January and February 2012. Continue reading →

Posted in Housing Analysis | Tagged Case-Shiller Index, Home Price Index, HPI | Comments Off

Mortgage Guidelines Resume Tightening Nationwide

Posted on May 1, 2012 by Bob Phillips

Despite an improving U.S. economy, the nation’s banks remain cautious about what they will lend, and to whom. Continue reading →

Posted in Mortgage Guidelines | Tagged Federal Reserve, Homeownership Rates, Mortgage Approvals | Comments Off

What’s Ahead For Mortgage Rates This Week : April 30, 2012

Posted on April 30, 2012 by Bob Phillips

Mortgage markets were mostly unchanged last week for the second straight week. Continue reading →

Posted in Mortgage Rates | Tagged Fed Funds Rate, Non-Farm Payrolls, Spain | Comments Off

Being a non-contingent buyer, when you have a house to sell

Posted on April 28, 2012 by Bob Phillips

The simple fact is housing prices are better than they’ve been in years, as are interest rates, and that scenario has created more demand than the market could satisfy. This WILL poop out at some point, but the problem with … Continue reading →

Posted in California real estate, Coto de Caza real estate, Distressed properties, Existing Home Sales, Home Values, Orange County California real estate | Comments Off

Pending Home Sales Index Crosses The 100 Barrier

Posted on April 27, 2012 by Bob Phillips

After a series of worse-than-expected data last month, the housing market appears to be back on track. Continue reading →

Posted in Housing Analysis | Tagged Existing Home Sales, NAR, Pending Home Sales Index | Comments Off

A Simple Explanation Of The Federal Reserve Statement (April 25, 2012)

Posted on April 25, 2012 by Bob Phillips

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. Continue reading →

Posted in Federal Reserve | Tagged Fed Funds Rate, FOMC, Inflation | Comments Off