Condominiums Downtown Los Angeles – Page 23

Earn $80,000 and Up – For (only) 2 lucky Downtown Los Angeles area licensed agents with experience and success, it is possible: an inside sales position, following up on and nurturing qualified Downtown luxury lease leads (NO cold calls). Join a team of 4 other inside sales agents supporting one of the top agents in Southern California, get new Downtown luxury loft and condo lease leads 5 days a week.

Never worry about having enough real estate prospects. Get paid in days, not months!

Exceptional opportunity to earn $50,000.00 to $60,000.00 first year, as much as double that 2nd year. Must be able to check ego at the door and effectively represent the agent and team in exchange for a systematic real estate career with an overflow of leads.

This is NOT for the brand new, rank amateur agent seeking a shortcut to proficiency nor is it for the failed agent unable to make a living, Instead, the agents who love this change and do well in this position have been successful, are knowledgeable, have good client management, communication and organization skills, and could continue earning a good living in “regular” real estate if they had to, but prefer to receive plenty of provided leads, the freedom from endless cold prospecting, expensive advertising, intense competition and uncertain, unpredictable feast-famine roller coaster income.

If you have a quality track record, the necessary skills and are ready to work with a proven system, we have a great place on our unique team for you. To begin the process, simply call toll free to 1-800-791-4538 ID#9075. Your inquiry will be held in the strictest confidence. Your present broker/employer will not be contacted. (Note: the last time we advertised an opening, we were flooded with applicants and immediately filled the position. Do NOT procrastinate.) Is it really possible?

LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]

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Copyright 2015 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California.

LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]

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So The Fed Increased Rates

Many analysts weighed in regarding the “after-effects” of the first rate increase by the Federal Reserve in almost a decade. At least initially, these predictions seem to be bearing out. For example, according to Freddie Mac’s chief economist, Sean Becketti, interest rates should remain at “historically low levels” throughout 2016, in spite of whatever moves the Federal Reserve is expected to make. “We take the Fed at its word that monetary tightening in 2016 will be gradual, and we expect only a modest increase in longer-term rates,” Becketti said. “Mortgage rates will tick higher but remain at historically low levels in 2016.”

Yes, we experienced the first increase in the prime rate of banks in almost a decade. But with regard to long-term rates, these rates have barely moved in the weeks after the Fed’s action. The rate on the 10-year Treasury note averaged 2.26 in November. On January 5, the rate was 2.25. Of course, world events have intervened to help lower rates as well. Keep in mind that if the Fed continues to raise short-term rates in 2016, it is expected that long-term rates will eventually drift upwards. This would include an increase in rates on home loans.

However, though many are expecting more increases, intervening events such as world conflicts may very well tie the hands of the Fed with regard to their ability to move as quickly as some are predicting. Domestically, the most recent employment report released Friday is a good indicator of future activity absent of such world influences. The increase of jobs of _____________ was __________________ and it will help _______________________. The message? Though rates are low right now, those who wait too long to purchase a home may be paying a higher price for that home and higher financing rates as well

Rates on home loans were mixed this past week, with 30 year fixed rates below 4.0% once again. Freddie Mac announced that, for the week ending January 7, 30-year fixed rates fell to 3.97% from 4.01% the week before. The average for 15-year loans increased slightly to 3.26%. The average for five-year adjustables rose one tick to 3.09%. A year ago, 30-year fixed rates were at 3.73%, lower than today’s levels. “Concerns about overseas economic developments have dominated financial markets to start the year. U.S. Treasury bond yields fell amidst a global equity selloff and flight to safety. In response, the 30-year mortgage rate dipped 4 basis points to 3.97 percent.” Note: As of January 1, Freddie Mac is no longer providing survey data for 1-year adjustables. Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.

Current Indices For Adjustable Rate Mortgages
Updated January 8, 2016

Index	Jan 7	December
6-month Treasury Security	0.46%	0.50%
1-year Treasury Security	0.66%	0.65%
3-year Treasury Security	1.22%	1.28%
5-year Treasury Security	1.61%	1.70%
10-year Treasury Security	2.16%	2.24%
12-month LIBOR		0.981% (Dec)
12-month MTA		0.322% (Dec)
11th District Cost of Funds		0.644% (Nov)
Prime Rate		3.50% (Dec)