Provided by
Bob Howe


Residential First Mortgage
4685 MacArthur Court, Suite 300
Newport Beach, CA 92660

Phone: 949-852-0400 x219
Toll Free: 800-633-3411
bhowe@orangecountylender.com
 

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U.S. Treasury Bonds
Maturity Yield Last
Week
Last
Month
5 Year 4.53 4.75 4.76
10 Year 4.59 4.79 4.80
30 Year 4.73 4.90 4.94

Market Summary: 
Bonds Retain Some Gains Fed by Fed: The market went into the closed mixed, with the long end holding a miniscule bid while the shorter stuff saw a similarly sized dip. The 2-yrs got rocked around pretty good on the session (relatively, anyway), carving out a 4.3 basis point range, while the less-Fed dependent 10-yrs held about 3.6 bps on the session. The curve saw a tilt further into inversion with the 2-10-yr braking further to tag -8.6, near the most inverted levels seen, briefly, recently, while not far from the most inverted levels seen since Mar. The day ahead offers the usual Thurs fare, initial jobless claims (8:30) as well as leading indicators (10:00) & the occasionally rowdy Philly Fed (noon).

 

Economic Indicators for this week that could impact the mortgage or real estate markets include...

Existing Home Sales

Sep 25
Consumer Confidence Sep 26
Durable Orders Sep 27
New Home Sales Sep 27
Crude Inventories Sep 27

Living Wills, Health Care Proxies, and Advance Health Care Directives

Health Care Proxy

A "health care proxy," sometimes called a "health care surrogate" or "durable medical power of attorney," is the appointment of a person to whom you grant authority to make medical decisions in the event you are unable to express your preferences. Most commonly, this situation occurs either because you are unconscious or because your mental state is such that you do not have the legal capacity to make your own decisions. Normally, a single individual is appointed as your health care proxy, though quite commonly one or more alternate persons are designated in the event your first choice proxy is unavailable. As with the living will, medical professionals will make the initial determination as to whether or not you have the capacity to make your own medical treatment decisions. The health care proxy is a durable power of attorney specifically designed to cover medical treatment. As with living wills, depending on your state of residence, it may be a state-determined form or may be drafted individually by your attorney.

Why Have Health Directives?

Regardless of the name your state gives to these documents, their purpose is to allow you to express your preferences concerning medical treatment at the end of your life. By expressing such preferences in a written legal document, you are ensuring that your preferences are made known. Physicians prefer these documents because they provide a written expression from you as to your medical care and designate for the physician the person he or she should consult concerning unanswered medical questions. Rather than the physician having to obtain a consensus answer from your family as to your treatment, the physician knows your preferences and knows who you want to provide decisions when you cannot do so.

These documents provide your expressed wishes, rather than making the family guess your desires. Making your wishes known in advance prevents family members from making such choices at what is likely one of the most stressful times in their lives. Further, providing such information and designating a health care proxy means that the physician knows whose direction is to be followed in the event your family disagrees as to what medical treatment you would want.

Obtaining and Maintaining Living Wills and Health Care Proxies

Your personal attorney can provide you with each of these documents. Generally, these documents require at least two witnesses. It is the policy of some hospitals and other medical institutions not to permit their employees to witness the signing of such documents. In most states there are other restrictions as to who may witness such documents. Generally, the persons who act as witnesses are not permitted to be individuals entitled to any inheritance as a result of your death, either by will or by state law. Often the law does not permit a person to witness such documents if they are related to you by blood or by marriage, or if they are responsible for payment of your medical bills. In any event, the witnesses must be adults as defined by your state law.

While all states recognize these advance health care directives, the law varies as to recognizing a document prepared in another state. It is not necessary to prepare additional documents in case you might vacation in another state. However, if you spend a considerable amount of time living in more than one state, you should consider having advance directives prepared in each of the states in which you spend significant periods of time.

Should you change your mind as to your living will decisions or your choice of health care proxy, you can simply destroy the document you have and create a new one. Once you have a living will, health care proxy, or advance health care directive, you should keep it among your important papers. Make sure a responsible adult, such as the named health care proxy, knows where you keep these documents. If you have a regular physician who keeps your medical records, you should provide a copy of the documents to him or her for your medical records. In the event you are admitted to a hospital you should take these documents with you at the time you are admitted and permit the hospital to place copies into your medical files. It is also a good idea to discuss the decisions you have made in your documents with family members so that they may better know and understand your wishes concerning these matters.

One should consult with a qualified legal professional prior to implementing any legal strategies.

If you are a tax, insurance, financial or financial planning professional receiving this newsletter, please call our office and introduce yourself to us. We are always seeking to grow our referral network and expose more service professionals to our client base.
 

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Bob is a full service mortgage professional at Residential First Mortgage.  The company is approved with numerous lending sources throughout the state.  He provides conventional, non conforming, jumbo, FHA and VA loans. He assists customers with great credit, bad credit and no credit. Bob can also assist individuals who are self-employed and require both full documentation and no documentation loans. He can assist individuals and professionals with their financing needs whether buying, selling or refinancing real estate.   If he can be of assistance or to be added or removed from his distribution list, contact him at the telephone numbers provided or email him directly.  Your request will be immediately honored.

 Contact Information: Direct: (949) 852-0400 ext. 219  |  Fax: (949) 440-6849

Click here to e-mail Bob Howe: bhowe@OrangeCountyLender.com 

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