Rama Mehra
San Ramon Real Estate Specialist

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  The Woman in Black

February 3 - A young lawyer doing business in a rural village finds that a ghost of a scorned woman is rampaging through the town.

Chronicle

February 3 - Three high school friends gain superpowers after contact with a strange substance, but then inner struggles test their bonds as their new lives get out of control.

The InnKeepers

February 3 - The Yankee Peddler Inn is about to close and two employees are determined to expose its haunted past, but then old guest start showing up to silence them.

W.E.

February 3 - Directed by Madonna, this is the story of a modern woman's affair with a Russian security guard, with flashbacks to the romance between King Edward VIII and an American divorcee.

Big Miracle

February 3 - Drew Barrymore stars as a Greenpeace volunteer recruited by her ex-boyfriend to save a family of gray whales trapped at the arctic circle.

Safe House

February 10 - A young CIA officer is assigned to watch a prisoner in a safe house, but when it is attacked he must escape and take him to a new safe location.

The Vow

February 10 - After awakening from a coma, Paige cannot remember anything, but her devoted husband Leo tries to win over her heart again.

Rampart

February 10 - Woody Harrelson stars as a renegade cop who must find away to stay out of trouble and take care of his family.

Ghost Rider: Spirit of Vengeance

February 17 - Johnny Blaze, who has been hiding in Eastern Europe, returns to stop the Devil from taking on human form.

This Means War

February 17 - Two CIA agents go after each other big time, after learning they are both dating the same woman.

The Secret World of Arrietty

February 17 - The four-inch tall Clock family live in secret, borrowing simple items from humans for their survival, but everything changes when their daughter is discovered.

Wanderlust

February 24 - A Manhattan couple looks to a new lifestyle after being laid off, but the rural, free love community they join may not be exactly what they were looking for.

Good Deeds

February 24 - Just before his wedding, usually predictable Wesley Deeds finds things unraveling as he falls for a single mom.

Mortgage Rate News & Analysis

Long-term interest rates moved back down into record low territory in January as mixed economic data continued to push down bond rates, according to data from mortgage finance company Freddie Mac.

January 5

During the first week of the new year, the average rate on a 30-year fixed rate mortgage (FRM) fell to 3.91 percent, excluding points, from 3.95 percent the week before. The average on a 15-year FRM slipped to 3.23 percent from 3.24 percent, and the one-year adjustable rate mortgage (ARM) carried an average rate of 2.80 percent, up from 2.76 percent the previous week.

January 12

The next weeks, rates again dipped to a new all-time record low, with the 30-year FRM averaging 3.89 percent, the 15-year FRM sinking to 3.16 percent and the one-year ARM falling to 2.76 percent.

"Mortgage rates eased slightly this week to all-time record lows following mixed indicators in the labor market," said Freddie Mac vice president and chief economist Frank Nothaft. "Although the economy added 1.6 million jobs in 2011, which was the most since 2006, the unemployment rate remained historically elevated."

January 19

During the third week, rates fell even lower. The average rate on a 30-year FRM inched down to 3.88 percent, but the 15-year FRM moved up slightly to 3.17 percent. The one-year ARM also fell, to 2.74 percent.

Nothaft commented, "Mortgage rates were nearly unchanged this holiday week in lieu of a mixed bag of economic data reports. "

January 26

The month ended with a jump up in rates, although still under an historically low 4 percent. The 30-year FRM reached back up to 3.98 percent, the 15-year FRM climbed to 3.24 percent, and the one-year ARM was unchanged at 2.74 percent.

What's Next for Interest Rates?
While the economy slowly makes its way up the recovery hill, there is little in February predicted to make waves in mortgage interest rates. Rates will likely hover right around 4 percent for the month and slowly average above 4 percent in the coming months.

articles copyrighted by RealEstate ABC and may not be reprinted or copied.


Rama Mehra
Keller Williams Realty
760 Camino Ramon, Ste 200
Danville CA 94526

Equal Housing Opportunity

Phone: 1-888-703-7262

Mobile: 925-698-1815
E-Mail: Rama@RamaMehra.com

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Rama Mehra
Keller Williams Realty
Ph: 925-236-0375
760 Camino Ramon, Ste 200
Danville, CA 94526 US
DRE License # 01463395
www.ramamehra.com
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