Open House – Sun July 18th – 1 to 4pm – Red Wood City – http://www.johnplee.com/494-BERESFORD-AV-Redwood-City-CA~l2305726

July 16, 2010 Leave a comment

Open House – Sun July 18th – 1 to 4pm – Red Wood City – http://www.johnplee.com/494-BERESFORD-AV-Redwood-City-CA~l2305726

Categories: MRLBlog, Real Estate

Open House – Sat July 17th – 1 to 4pm – In Fremont, CA – http://www.johnplee.com/303-Morengo-Way-FREMONT-CA~l2245437

July 16, 2010 Leave a comment

Open House – Sat July 17th – 1 to 4pm – In Fremont, CA – http://www.johnplee.com/303-Morengo-Way-FREMONT-CA~l2245437

Categories: MRLBlog, Real Estate

FREE Foreclosure Bus Tours – Sunday July 18th – Leaving at 1pm

July 16, 2010 Leave a comment

Going to Fremont, Union City and Newark

www.MRLBUS.com to Sign Up

What is it? The bus tour takes potential home buyers and investors to view Bank owned foreclosures in The Bay Area. The Bus Stops at each listing so you can preview the inside of the property. Foreclosure experts are available on the Bus to help you understand the process of buying a Bank Owned Home and to answer all your questions whether you are looking to buy or invest. The Tour is perfect for First Time Home Buyers and New or Seasoned Investors. *Adults only please >Sign up here When is it? Every Sunday check the schedule. Where does it start? The tour departs from our office located at 39111 Paseo Padre Pkwy, Suite 101, Fremont, CA 94538 How do I sign up? To Sign Up Click Here FOR INFO CALL: (510) 505-9933 or email info@mrlbayarea.com *Adults only please How much does it cost? The tour is FREE! Just call ahead to reserve your seat. Whats on tour? See what’s on tour. The properties on tour change weekly based on availability. Call for info (510) 505- 9933 >Sign up here

Visit my website to view foreclosed homes http://www.johnplee.com

Categories: MRLBlog, Real Estate

Foreclosure bus tours – This weekend July 11th – It’s Free!

July 9, 2010 Leave a comment

Going to Fremont and Milpitas

www.MRLBUS.com

What is it? The bus tour takes potential home buyers and investors to view Bank owned foreclosures in The Bay Area. The Bus Stops at each listing so you can preview the inside of the property. Foreclosure experts are available on the Bus to help you understand the process of buying a Bank Owned Home and to answer all your questions whether you are looking to buy or invest. The Tour is perfect for First Time Home Buyers and New or Seasoned Investors. *Adults only please >Sign up here When is it? Every Sunday check the schedule. Where does it start? The tour departs from our office located at 39111 Paseo Padre Pkwy, Suite 101, Fremont, CA 94538 How do I sign up? To Sign Up Click Here FOR INFO CALL: (510) 505-9933 or email info@mrlbayarea.com *Adults only please How much does it cost? The tour is FREE! Just call ahead to reserve your seat. Whats on tour? See what’s on tour. The properties on tour change weekly based on availability. Call for info (510) 505- 9933 >Sign up here

Categories: MRLBlog, Real Estate

30-Year Fixed-Rate Mortgages Hit New Record Low

July 9, 2010 Leave a comment

The weekly mortgage rate reports released Thursday by Freddie Mac and Bankrate were mixed. But one thing was certain: the average rate for 30-year fixed-rate mortgages hit a new record low.

According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed-rate mortgages averaged 4.57 percent with an average 0.7 point for the week ending July 8, 2010, inching down from last week’s average of 4.58 percent. Freddie Mac said this rate marked yet another all-time low in its 39-year survey.

Bankrate also reported a decline in 30-year fixed-rate mortgages. According to its weekly mortgage survey, rates averaged 4.74 percent with an average 0.39 point

this week, falling from last week when 30-year fixed-rate mortgages averaged 4.75 percent.

The story was different for 15-year fixed-rate mortgages, though.

Freddie Mac said 15-year fixed-rate mortgages averaged 4.07 percent with an average 0.7 point this week, edging up from 4.04 percent one week earlier. And Bankrate said 15-year fixed-rate mortgages came in at 4.22 percent with an average 0.36 point, a minor uptick from last week’s average of 4.2 percent.

Despite the slight increase in 15-year fixed-rate mortgages, both Fannie Mae and Bankrate noted that on an overall basis, mortgage rates continued to linger near ultra-low levels, a benefit to homebuyers and refinancers alike.

“With mortgage rates falling to historic lows, refinance activity has been strong over the past three months,” said Frank Nothaft, Freddie Mac VP and chief economist.

“The Bureau of Economic Analysis reported that the effective mortgage rate of all loans outstanding was just below 6 percent in the first quarter of 2010, the lowest since the series began in 1977,” Nothaft said. “Since the start of the second quarter, two out of three mortgage applications on average were for refinancing, according the Mortgage Bankers Association.”

http://www.DSNEWS.com

Find foreclosures and other properties at www.johnplee.com

Categories: Real Estate

Tax rates to stay business-friendly: Geithner

July 8, 2010 Leave a comment

WASHINGTON (Reuters) – Obama administration will keep tax rates at levels that benefit job-creating businesses and limit taxes on capital gains and dividends, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

Interviewed on CNBC’s “The Kudlow Report”, Geithner said the intent is to extend and keep in place tax cuts that should benefit 95 percent of businesses.

“We’re going to make sure that we keep at 20 percent the existing rates on dividends and capital gains,” Geithner said. “We think that’s good policy.”

Capital gains on investments held for at least a year are currently taxed at 15 percent for upper income earners, the same rate as eligible dividends. Without action by Congress the tax rates would revert to 20 percent for capital gains in 2011 and nearly 40 percent for dividends.

Geithner said some tax cuts for individuals that were put in place by the former George W. Bush administration will be allowed to expire but said that will affect only people in the top two to three percent of income earners.

He said the U.S. economy was still in a process of “healing” from the 2007-2008 financial crisis but added it was growing.

“I think the most likely thing is you’re going to see an economy that is growing at a moderate pace, hopefully strengthening over time,” Geithner said.

Boosting U.S. exports will be key to ensuring growth continues, Geithner said, nodding to comments made earlier by president Obama who said the United States wants a level playing field for U.S. companies in China and pledged to push ahead with free trade deals with three other nations.

“We have a pro-growth agenda, part of that agenda is growing exports. They’re central to our future. What the president (did) today is to say, ‘That is important to the United States, we’re going to be committed to making sure we’re expanding opportunities for American businesses everywhere,” Geithner said.

(additional reporting by David Lawder; Editing by Sofina Mirza-Reid)

(Reporting by Glenn Somerville)

Reuters

View Real Estate Properties For Free! www.johnplee.com

Categories: MRLBlog, Real Estate

1656 MCBAIN AV, San Jose, CA 95125

July 7, 2010 Leave a comment

1656 MCBAIN AV, San Jose, CA 95125.
Listed art $999,000

MRL Group Inc is here to serve the Bay Area as a premier real estate company. Located in Fremont we have properties all over the Bay Area. John Lee is the Listing Agent for all the properties he advertises.

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Categories: MRLBlog, Real Estate