Where do YOU live?

This morning I had the pleasure of attending a group meeting at Fullerton's Chamber of Commerce. Every week, people throughout Fullerton gather at 8am (a little early) for some coffee and discussion of different topics. This week, Joe Lins (Century 21 Discovery), Chris Smith (Professional Home Mortgage), and Nancy Mattaliano (Equity Escrow Group) came in and spoke about the real estate market. Since everyone there wasn't in real estate, a lot of it was about the basics of what we do. Still, it's always good to have a little refresher course. Chris Smith gave us the market snapshot for this week. The national average rate for 30 yr conforming loans is 5.010, and for 15 yr conforming loans 4.400. Basically, now is a great time to buy! Not only because of the first time home buyer tax credit, but interest rates are at an all-time low, and the prices of homes are starting to rise!

At the meeting this morning, I received a really cool book written about the street names in Fullerton. It has all the streets and their meanings listed. I figure it's an interesting little tidbit of information that clients may find interesting! For instance, our office is on Valencia Mesa Drive: "Rumor has it that this road was once (descriptively) called 'Gopher Gulch.' As years passed, the name was changed just as descriptively to indicate its topography and its product." The book is called "The Street Where You Live: Why Did They Name It...?" Interesting.