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19 September 2011
Mortgage Rates off Recent Lows
The borrowing costs required for average mortgage rates rose today, in some cases high enough to nudge the actual interest rate an eighth of a point higher. This is the first time in over a week that we've seen recent rates threatened. Good economic Read More...
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27 June 2011
Mortgage Loans rates move lower after weak job report
Freddie Mac recently released the results of its Mortgage Market Survey, which showed weaker than expected job growth in May 2011 pushing both fixed and adjustable-rate mortgages to new lows for the year. The 30-year fixed averaged 4.49% and the 15-year Read More...
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14 June 2011
Third party investors resold the homes they previously purchased at auction at a faster pace
Third party investors resold the homes they previously purchased at auction at a faster pace throughout our coverage area. As the most sophisticated and motivated homesellers in the marketplace, these investors provide an important indicator as to the Read More...
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07 June 2011
Maximum allowable loan limits (also know as High Balance Loan Limits) will be reduced
Reductions to High Balance Loan Limits Effective October 1st 2011 Maximum allowable loan limits (also know as High Balance Loan Limits) will be reduced as illustrated on the chart below. These limits are also subject to change at any time. Los Angeles 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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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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23 February 2010
FHA to Provide Early Relief to Struggling Homeowners
Homeowners with FHA-insured mortgage loans who are experiencing financial hardship are now eligible for loss mitigation assistance before they fall behind on their mortgage payments. Previously, these homeowners were not eligible for such assistance until Read More...
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23 February 2010
Jumping into the Housing Market?..consider this:
If you have a good job and good credit, the next few months might be a good time to go house hunting. Fence-sitters take the risk that Congress may let a rich tax credit expire, and that interest rates may rise. Buyers and sellers should consider the Read More...
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23 February 2010
WestEnd Loft Premier Penthouse is now available
This is the best residence in the WestSide's best-selling community - this is progressively coastal living. Residence #421, priced at $749,900, features a wrap-around deck, outdoor and indoor fireplaces, upgraded appliances and flooring. Ocean breezes Read More...
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13 October 2009
Homebuyer's Credit Extended...(maybe)
The Mortgage Bankers Association (MBA) is growing increasingly confident that Congress will continue or expand the $8,000 tax for first time home buyers that is set to expire Nov. 30. "We are pushing for expansion of the tax credit, and we are very Read More...
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08 October 2009
November 30th is the deadline for the $8K First Time Home Buyer’s credit
Based on the recent volume of calls my team has received and the large number of outstanding Pre-Approval letters floating around out there, we predict there will be a mad rush in the mortgage market beginning mid-October . It is crucial that buyers and Read More...
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18 September 2009
10-year note fell to as low as 3.36%
INTEREST RATE UPDATE Current Trend Direction: Moving Sideways Risks Favor: Locking on the Dips Mortgage rates are lower this week as the yield on the benchmark 10-year note fell to as low as 3.36%, despite the continued rise in stocks. This week brought Read More...
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13 September 2009
U.S. Price Gains of 7.3%..REO soften...
Market Report Clear Capital Reports 7.3% U.S. Home Price Gains, Softening REO Influences National price gains continue positive climb; real estate owned (REO) saturation rates decline; Los Angeles and Fresno markets show positive quarterly price gains Read More...
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27 July 2009
Week in Review 7/27/09 Rates still Low!
Despite some volatile mid-week action, home loan rates closed out the week near the level where they had begun the week. The supply of unsold homes on the market dropped from the prior reading of 9.8 months down to 9.4 months - which is the best level Read More...
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27 June 2009
Homebuyer Tax Credit of $15,000 Proposed
Congress once again is considering new tax credits intended to lure wary homebuyers into the nation's sagging housing market. Washington lawmakers have proposed several separate bills laced with housing incentives. The plans differ, but key elements Read More...
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