701 N. Rengstorff Ave. Unit #10, Mountain View, CA 94043

701 N. Rengstorff Ave. Unit #10, Mountain View, CA 94043

This wonderful second story 2 bedroom 1 bath condo located in Mountain View is located a few minutes from highway 101! This home sports carpeting through-out the living room and bedrooms. A renovated kitchen comes ready with stainless steel appliances, granite counters, and a small wine refrigerator as an extra touch. One of the only units with it’s own all in one washer-dryer! Come by and see this quiet and ready to move into abode!

425-429 Duboce

Rarely available, three-unit Edwardian building in vibrant Duboce Triangle. First time on the market in over 20 years, this building has very generous sized flats. Two units (425 and 427) are rented, and the owner’s unit (429) will be vacant at the close of escrow. 427 and 429 were remodeled in 2005. Expansion potential in the attic, but buyers are advised to conduct their own research regarding code, zoning and feasibility. A very serene back yard garden, a small extra room in the basement, one car garage parking, and a wonderful Walk Score of 97 complete this incredible owner-investment property.

-One block from Duboce Park

-Blocks to vibrant Castro street and historic Haight street

-Just around the corner from hip Church street corridor

-1/2 block to Safeway

-N-Judah Muni line stops in front

-Rental Amount for unit 425 is $1656

-Rental Amount for unit 427 is $3050

-Projected rent for unit 429 is $3000-$3500


264 Parnassus Avenue, San Francisco, CA 94117

First sale of a stunning, newly converted condo impeccably remodeled in 2009. Located in one of the best neighborhoods in San Francisco, and within a 10-minute walk to two of the hottest neighborhoods – The Haight and Inner Sunset. With views to the tops of the Golden Gate Bridge towers and St. Ignatius Church, this condo has been updated for modern living with a new kitchen featuring stainless-steel appliances, a new bathroom, and in-unit laundry. There is a wood-burning fireplace to cozy up on cool days, and a very large garden, back yard area for hanging out on warm nights. A deeded (side-by-side) parking space, an assigned storage area, and a reasonable HOA ($280.12 per month) complete this wonderful urban oasis.

• Remodeled kitchen in 2009 with stainless steel appliances – Bosch, GE and Kitchenaid
• Remodeled bath in 2009
• In-unit laundry installed in 2009
• Deeded parking space (side-by-side)
• Deeded storage area
• Shared garden, back yard
• ½ block to public transportation
• 2 blocks to UCSF
• 2 blocks to Cole Street shopping and dining
• 2 blocks to Golden Gate Park
• 5 blocks to Haight Street shopping and dining
• 5 blocks to Irving Street/Inner Sunset shopping and dining
• Walkscore of 88

Offers accepted Monday, 10/15 by 1 pm. Seller reserves the right to accept or reject any and all offers.


535 Scott Street, San Francisco, CA 94117

Excellent business opportunity to own Market/Deli & Liquor store in desireable and busy NOPA neighborhood. Nearby Alamo Square Park and famous SF Victorian houses. Renovated in 2004, this petite, local store is very clean, has storage in the back and rear yard. It is situated below a two-unit residential building. Great potential to take this to the next level. Very ideal for owner-operated or family-run business, Inventory included approx 10-15k, New Lease with similiar terms required by Landlord.

Interest Rates Explained

Why mortgage rates can go up even if the Fed drops rates.  There are a couple answers to this question

1.    Mortgage rates are actually based on the 10 year treasury, not the fed funds rate. Both mortgages and the 10 year treasury are long term instruments.  A ten year treasury bond pays coupons every year and after 10 years the note is due. This actually has a similar “duration” as a mortgage that pays an equal payment over 30 years. The fed funds rate is a short term rate and not directly related.

So when the Fed lowers the short term rate, long term rates may not go down in tandem, they may stay put, increasing the spread between long term and short term rates. With commodities like oil and gold at all time highs, and government spending somewhat out of control, there are a lot of inflation fears. Lowering short term rates has just bent the yield curve.

2.    The spread between the 10 year treasury and mortgages is growing towards record levels. Despite what is going on with “risk free” interest rates, the market is understandably much more skeptical about the risk of mortgages vs. the US government.  So there is not much the Fed can do.

3.    The private mortgage backed securities market is still pretty close to dead, and showing few signs of life.  This surprised me a bit. A trillion dollar market disappeared over 48 hours and is showing no signs of life. This is part of a much bigger credit crunch that could last years.

New Rules on Financing Underwater Properties

Rates are still as low as they have been in history, allowing for extraordinarily easy payments for millions of people. But for many people, entrance into this interest rate nirvana can be as difficult as getting through St. Peter’s gate.

There are two main reasons why people have trouble refinancing.  One group cannot qualify because of tight underwriting.  In many cases, credit is poor or jobs have been lost.   Loose guideline loans of the past are no longer available to help these borrowers.

But there is another group of borrowers, with great jobs and wonderful credit, who still cannot get mortgages because they were unfortunate enough to move into neighborhoods that declined sharply in value or bought at the peak. Now their loans are underwater.  A couple of years ago, the Obama administration started the HARP program to help these people.  HARP loans have interest rates as competitive as normal loans.   HARP Loans are defined as fixed rate loans that are either conforming (417,000 dollars) or high balance (625,000 dollars) that were 1)  funded before June 2009 and 2) are currently owned by Fannie Mae or Freddie Mac.  To see if your loan qualifies you can go here to check:




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