29 July 2010
Foreclosure and REO sales stats in CA
Foreclosure homes accounted for 31% of all residential sales in the first quarter of 2010, and that the average sales price of properties that sold while in some stage of foreclosure was nearly 27% below the average sales price of properties not in the Read More...
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29 July 2010
4.69% on a 30-year fixed-rate loan
Mortgage rates slumped to record lows this week, Freddie Mac confirmed, with lenders on average offering 4.69% on a 30-year fixed-rate loan. The average rate on the 30-year loan fell from 4.75% last week, dropping below the previous record of 4.71% set Read More...
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14 June 2010
Housing Starts up 5.8%
Nationwide housing starts rose 5.8% to a seasonally adjusted annual rate of 672,000 units in April 2010 as the deadline for an important home buyer tax incentive arrived, according to figures released by the U.S. Commerce Department. “While some Read More...
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14 June 2010
Housing Market is on the road to recovery
Economists participating in a recent NAHB Construction Forecast Conference Webinar agreed that the housing market is on the road to recovery, but cautioned that several factors could contribute to a bumpy ride in the coming months. “Home buyer tax Read More...
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14 June 2010
Workforce Housing Grants info
Despite today’s tight economy, many areas of the country have not seen a significant drop in their high cost of living. To help meet this critical need for more affordable housing for low- to moderate-income working families, the National Association Read More...
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19 April 2010
ReFi now...Read this first!
Lured by low mortgage rates, many homeowners have been rushing to refinance. Interest is gaining for good reason: Eligible borrowers can lock in rates that haven't been this attractive in decades. With interest rates hovering around 5% for conforming Read More...
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03 April 2010
California Passes Large Tax Credit for Homebuyers
California has initiated its own homebuyer tax credit. The bill — AB183 — was signed last week by Governor Schwarzenegger. The credit is for 5% of the purchase price, with a maximum credit of $10,000. That’s a dollar-for-dollar reduction Read More...
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29 March 2010
Current Rates from my Lenders:March 29,2010
Conforming Rates (up to $417,000) Rate APR Change 5 Year Fixed: 3.375% 3.470% Unchanged 7 Year Fixed: 3.750% 3.885% Unchanged 10 Year Fixed: 4.375% 4.505% ↑ 0.125% 30 Year Fixed: 4.750% 4.884% Unchanged Jumbo Rates ($417,001 to 729,750) Rate APR Read More...
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25 March 2010
Home Tax Credit extended until Aug 1,2011..great news Buyers!!
Gov. Schwarzenegger signed Assembly Bill 183, the Homebuyer Tax Credit legislation, into law. AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of existing homes and $100 million Read More...
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23 March 2010
Homes Sales JUMP 16.2%::Existing-Home Sales Surge in THE WEST
Strong gains in existing-home sales were the predominant pattern in most states during the fourth quarter, with many more metro areas seeing prices rise from a year earlier, according to the latest survey by the National Association of Realtors®. Read More...
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23 March 2010
A list of various loan programs available with my lenders
Here is a list of the LOAN programs my Loan Department can assist you with: - Stated Income Verified Assets- UP TO 60% LTV (Self Employed Only) - Verification Of Employment ONLY (VOE - NO INCOME, NO 4506T) - UP TO 80% LTV (Wage Earner or Salary Only) Read More...
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20 March 2010
My Lender::Current Rates::4.884%/30 yr fixed...Still low!!
Conforming Rates (up to $417,000) Rate APR Change 5 Year Fixed: 3.375% 3.470% Unchanged 7 Year Fixed: 3.750% 3.885% ↓ 0.125% 10 Year Fixed: 4.250% 4.376% ↓ 0.125% 30 Year Fixed: 4.750% 4.884% Unchanged Jumbo Rates ($417,001 to 729,750) Rate Read More...
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12 March 2010
Current Rates:March 12 2010
Conforming Rates (up to $417,000) Rate APR Change 5 Year Fixed: 3.375% 3.470% ↓ 0.125% 7 Year Fixed: 3.875% 3.984% ↓ 0.125% 10 Year Fixed: 4.375% 4.505% Unchanged 30 Year Fixed: 4.750% 4.884% Unchanged Jumbo Rates ($417,001 to 729,750) Rate Read More...
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12 March 2010
Rates still below 5%
Mortgage rates held below the 5 percent threshold, weeks before a government program that has been keeping rates low is scheduled to expire. The average rate on a 30-year fixed rate mortgage was 4.95 percent this week, down from 4.97 percent a week earlier. Read More...
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07 March 2010
Ways to save on your Mortgage
If you double up on the principal portion of your house payment every month, for example, you can cut 15 years off your 30-year mortgage and save half the interest you would otherwise have paid. Extra payments : Every time you make an extra principal Read More...
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