EYE ON INTEREST RATES   Click on the blue text to visit a leading website with the current interest rates and lots more.  Also see the related article below.

30-Year Fixed Rate Mortgage At Highest Level In Six Months the 30-year fixed-rate mortgage (FRM) averaged 6.03 percent. This is the highest the 30-year FRM has been since March 31 when it averaged 6.04 percent. FULL STORY ->>

Will Mortgage Deductions Be Reduced?  The idea of real estate tax "reform" is to reduce, shrink and curtail current mortgage and real estate write-offs. This has recently become a hot topic.  Learn how it may impact you. FULL STORY ->> 

 ***** Investors Corner*****

1. Memphis, TN  Own a cash flowing duplex for under $100,000!!! This duplex has a 3+2 and a 2+1 and  is located in a single family neighborhood in North Memphis.  Please call (310)306-6525 x166 if you would like more details. 

2. Oakland, CA Four huge units in West Oakland. Upside: possible condo conversion. Downside: Below market rents. New foundation, roof, and water heaters. Units have been done. Asking $699,000 Please call (310)306-6525 x166 if you would like more details.

3. Panorama City, CA (SF Valley) 4 units (2) 2+1 (2) 1+1  New roof. Quiet cul de sac. Laundry room in the rear (no lease). Asking $665,000 Please call (310)306-6525 x166 if you would like more details.

See below for the (3) real estate related "links of the month”

 1.  House Hunter’s Scorecard   Great for buyers to bring along when previewing properties 

2. Neighborhood Crime Statistics on-line at the California Attorney General’s Office  Criminal Justice Statistics Center http://www.caag.state.ca.us/cjsc 

3. Interested in developing and building?  Check this site out.  It’s the Building Education Center they offer workshops and books on building and remodeling. http://www.bldgeductr.org/