Low Mortgage Rates

laguna beach twin point
Twin Points sold Tuesday for a record breaking forty five million dollars
This is pushing all records for Laguna Beach and Orange County!

Meanwhile mortgage money is cheap! Cash out to one million dollars!
Second home or primary with rates in the 3's
3.375% Super Jumbo Seven Year ARM APR 3.499
Call now to find out what you need to qualify.
When these events happen it only lasts weeks.
Why not save money with these historically low rates?
Call me to find out how this weekend (949) 784-9699
NMLS 324982
C G Barbeau
2/5/2016 3:56 PM rates change a couple times a day
This is not a commitment to lend.

beach mortgage


Zillow Spying On YOU

Zillow started recording conversations between Realtors and Buyers shopping on their website in October 2015. Zillow’s legal stand on this is they have the Premium Agent’s permission. Zillow says they only need one party’s permission to record conversations.
Why is Zillow be doing this?
America's favorite website for residential real estate (soon to be China's as well) is spying on consumers?
Z says it is for the good of agents to play back a conversation that may have been completed on the fly. Z knows how to sell a story to agents. Zillow is an information "aggregator." They are a lead generation site, not the free Multiple Listing Servic information site. Every keystroke, time on site and habits of consumers is tracked. This information can be sold, and not just sold to Realtors, Lenders, Banks, Insurance Agents, Credit Fixers, Remodeling Pros… you get it... information makes the big Z almost five hundred million dollars a year.
Zillow doesn’t care if a listing is already sold or if their Zestimate is wrong. About forty one percent of the listings on Zillow are already sold, off market, or incorrect. They have more advertising sales men and women than they have engineers in Seattle, (the building across from me in Irvine, San Francisco, Lincoln or New York (Oh and read the story about the Big Z cornering the market on rentals in NYC).
Zillow represents premier agents as if they are the listing agent. One of Z’s great tricks soon to be shut down by the CFBP is how Zillow sales agents get Lenders to pay for Realtor ads.

So what else do I think Z is doing with the recordings?
Since Zillow has intense tracking models they can compare the voice, wording, timing, exact sales pitch and responses from a top agent. This spy like information can be sold as education for agents or used when they begin their own Z agencies and sell real estate directly.

Google, Microsoft, Mine Government and everyone with a cell phone
is recording our lives... 
How do you feel about being spied upon?

Below Zillow Consumer Affairs rating a 1 of 5

 “Stand Out Where It Matters Target buyers and sellers in your local market and increase visibility for you and your listings.” Zillow slogan
Teke Wiggin’s full article here

From the Inman article posted today:
“A number of critics questioned the legality of the recordings. Federal law only permits the recording of a phone call if one party to the call has consented to the recording, they point out. And some state laws go further, requiring all parties to consent to a recording.
Jay Thompson, director of industry outreach at Zillow, countered in a Facebook conversation that Zillow’s terms of use disclose to consumers that their phone calls might be recorded. And Zillow told Inman in an email that the listing portal also informs consumers that they are being recorded at the beginning of calls, “even in the states that do not require two-party consent.”
Zillow agent advertisers, meanwhile, “are made aware of the feature during their on-boarding process and through product release information,” and they have the ability to disable the feature, Zillow said.”

Go look at Zillow's Premier Agent Training Videos. They explain how an incoming Consumer call is transferred to a Realtor and recorded so the agent can play back anything they missed. What Zillow and Trulia their other company want to do is corner all online real estate transactions
Here's you COOL AID

Zillow stock is down from a 
high of 33 to 18 today
Consumers are not going 
to like this news
Is Big Brother Z is going to 
drop all my reviews now? YES


Home Sales Increase

Existing home sales scheduled for December from those delayed into the month from November by problems with Truth-in-Lending disclosure (TRID) rule. Existing home sales rose by 14.7 percent from November to December.  The National Association of Realtors® (NAR) said the seasonally adjusted annual rate of sales during the month was 5.46 million homes compared to 4.76 million in November.
The monthly increase was the largest ever reported by NAR and more than offset the 10.5 percent plunge in sales in November, the largest slowdown since 2010, reducing the rate below that of November 2014.  The December sales returned the rate to positive territory, 7.7 percent higher than in December 2014.  All four regions of the country shared in the large increase.
Existing home sale numbers include completed sales transactions for single-family homes, condominiums, townhouses, and cooperative apartments.

  Single-family sales jumped 16.1 percent to a seasonally adjusted annual rate of 4.82 million from 4.15 million the previous month and were 7.1 percent higher than the 4.50 million pace a year earlier. Existing condominium and co-op sales increased 4.9 percent to a rate of 640,000 compared to 610,000 in November, and rose 12.3 percent year over year from a rate of 570,000 units.

Lawrence Yun, NAR chief economist, says December's year-end bounce caps off the best year of existing sales (5.26 million) since 2006 (6.48 million). 

This is positive news for real estate in United States. From the Coast of California to the Southern most Coast of Florida things are looking good. November December are usually the slower months because of Holidays.

I know you are groaning because you lost some of your down payment in the crazy wild stock market of recent weeks. China crash and Oil prices are the drivers of that boat.

The good news is the bond market is making mortgage rates at all time LOWS