August 2011
Inventory
Bankers Corner
  Rate % Points %; APR %
30 Year Fixed 4.25 1.0 4.416
15 Year Fixed 3.75 0.785 3.651
5 Year ARM  2.75 1.125 3.085

Lowest Rates of the Year

This week’s bond market rally dropped mortgage rates back to levels last seen in November, which is not too surprising since the economic environment is now similar to that time period. The economic outlook is for below average economic growth with low inflation. Slower economic growth reduces inflationary pressures, which is favorable for bonds.

Mortgage rates would have improved even more this week if Friday’s Employment report had not exceeded expectations. Against a consensus forecast of 85K, the economy added 117K jobs in July, and the data for May and June was revised higher by 56K. The Unemployment Rate unexpectedly declined to 9.1% from 9.2% in June. Average Hourly Earnings, a proxy for wage growth, increased at a 2.3% annual rate, which was higher than the consensus forecast. In short, the data solidly surpassed investor expectations in nearly every area.
James Beutler
Bank of America Home Loans
Sales Manager
PHONE:(360) 546-8613
FAX:(866) 530.5035
james.beutler@bankofamerica.com
Bank of America, N.A. Member FDIC.
Equal Housing Lender

© 2010 Bank of America Corporation.
All rights reserved

Interest Rates At All Times Low Again, 4.25%! 

Time to move up to your dream home 

High end luxury homes are dropping faster in price than the less expensive homes. Now is the time to sell your current home and get a great deal on a higher end luxury home. When the market recovers these same higher end homes will raise in price with equal or greater rates than the cheaper homes. You may not get the money out of your existing home that you may want now, but you will more than make up for it when the housing market recovers with your new nicer and bigger home.

Renters- Cheaper to buy then rent NOW!

FHA Loans at 3.5% down. For Less than $5000 you can own your own home and have less monthly payments then $1000/month. When the market recovers in 3-7 years you will be able to cash in on your market timing success. Call us now to find out how!

Home Owners – Upside Down, and can’t make your house payment?

30%-40% of Clark County Homes are in distress-Short Sale or Foreclosure. If you are in a financial bind and have a hardship like job loss, adjustable rate mortgage rising above your ability to pay, medical issues, relocating due to employment issues, we can help! We will work with your bank to sell your home at no cost to you and help you move on with your life. Call us now to find out how we can take the burden off of your shoulders!



Message From Milissa

How is it possible that the moment I finally felt summer was here (you know the sun showed up) summer is now nearly over!!! The boys start school on August 31st….I am going to have to have a talk with superintendent John Deeder about changing it back to after Labor Day weekend next year! We have had a great summer helping people sell their homes or buy new homes. We have been so busy that we have added two more buyers agents Luke Ross and Marisa Rossi. I am so excited about our team growing and being able to add great people to our team to help all of our clients meet their real estate needs. We look forward to helping you or someone you know in your next real estate move.


Milissa is a Certified Distress Property Expert(CDPE)!

 As a CDPE Milissa is now fully qualified to work with homeowners in distress and discuss there options.

-Job Loss

-Payment went up due to Adjustable Rate Mortgage

 -Job Transfer

-Divorce

-or any other financial crisis

If you, or anyone you know, can’t make their mortgage payments have them go to www.ClarkCountyDistress.com or call Milissa at 360-600-1982 to learn about their options.

 www.ClarkCountyDistress.com
Don't Walk away from your mortgage
Houses Sold In The Past Month
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-13-11 --4101 PLOMONDON ST.jpg
4101 Plomondon St
$64,900
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-14-11 - 9318 NE 156th St. BG.jpg
9318 NE 156th St.
$308,100
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-15-11 -- 2204 S 17TH WAY Ricgefield.jpg
2204 S. 17th Way,
$340,000
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-15-11 - 1238 NW 23RD AVE Camas.jpg
1238 NW 23rd Ave
$195,000
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-20-11 -- 820 SE POLK ST Camas.jpg
820 SE Polk St
$69,900
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-21-1 -- 4324 E 17TH ST Vancouver.jpg
4324 E. 17th St
$98,000
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-22-11 -- 2803 NE 119TH ST Vancouver.jpg
2803 NE 119th St.
$75,000
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-22-11 -- 3410 NE 175TH AVE Vancouver.jpg
3410 NE 175th Ave.
$306,000
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-26-11 -- 4213 C ST Washougal.jpg
4213 C ST
$104,000
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-29-11 -- 9800 NE 83RD CT Vancouver.jpg
9800 NE 83RD CT
$202,000
Sold
http://www.ClarkCountyWaHousesForSale.com/Newsletters/PropertyImages/7-7-11 --6109 NE 14TH CT.jpg
2602 SE Tlton Ave
$114,900
Milissa Ormiston Amy Sine Zoe Murillo Patrick Ormiston Michelle Howard
Milissa Ormiston Amy Sine Zoe Murillo Patrick Ormiston Michelle Howard
Team Leader Client Coordinator Transaction Coordinator Listing Specialist Buyer Specialist
360-600-1982 360-910-9964 360-907-6449 360-989-0275 360-601-7261
MilissaOrmiston@Hotmail.Com AmySine1@Gmail.Com ZdMurillo@Gmail.Com PatrickOrmiston@Hotmail.Com Michelle.Howard@Comcast.Net

www.OrmistonInvestmentGroup.com

Office Locations:

Keller Williams Premier Partners
 915 Broadway, Ste.100
Vancouver, WA 98660

Keller Williams Central
 700 Multnomah, Ste.950
Portland, OR 97232