Real Estate Blog LA

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the April edition of the Obama Administration’s Housing Scorecard—a comprehensive report on the nation’s housing market. Officials caution that the latest housing figures underscore fragility in the housing market ...

As the real estate market continues its bumpy road toward recovery, the vacation home market is heating up, causing homeowners around the country to seriously consider buying the vacation home they’ve been eyeing. Whether you’re looking for a charming beach bungalow or a high rise condo with spectacular views, a host of market ...

Jumbo rates have dropped another .25%!  So a 30 year fixed loan up to $2,000,000 could be as low 5.375% @ 1 point or 5.625% @ 0 points.  Haven't seen rates like this in a long, long time.   The last time the FED moved on rates was back in December 2008.  Yesterday, late afternoon the FED decided to increase the ...

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 in some important economic data, more importantly for interest rates, ...

Ten-year-note yields dropped 2 basis points, or 0.02%, to 3.33%. They earlier touched 3.28%, the lowest since May 20. Yields move inversely to bond prices and mortgage rates. Benchmark 10-year notes are on track to score a fifth weekly gain after the government's sale of $70 billion in notes and bonds attracted strong demand from investors. In ...

It is with great pleasure to post my Interview with one of my favorite Lenders Dean Wong at First Capital Mortgage. (His contact is at the end of my post). Tom: Hello Dean. How are you doing? Dean:Great Tom Tom: 1).I have heard that there are some changes in the Appraisal Process for new sales. What are they and how does that impact my Buyer and ...

The benchmark 30-year, fixed-rate mortgage edged up 4 basis points, to 5.8 percent, according to a national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 45 discount and origination points. One year ago, the mortgage index was 6.62 percent; four ...

As I mentioned before, added supply has been one of the main culprits behind the recent sell-off in Bonds and corresponding climb in home loan rates. So where is that supply coming from? First, all those refinances you've heard about lately are actually turned into Mortgage Backed Securities after they're closed, which adds more Bonds to ...

The 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.6 point for the week ending Jan. 8, 2009, down from last week when it averaged 5.10 percent, according to Freddie Mac’s latest results of its Primary Mortgage Market Survey (PMMS). Multifamily loans are generally priced relative to Treasury yields. Since 10-year ...

Please contact me: Thomas Ray,M.S.,Realtor Keller Williams/Marina Office:310.862.1786, Cell:310.420.1149 www.LAexclusiveProperty.com