Real Estate Blog LA

Record Rates: Rate on 30-year mortgage drops to record 3.89 pct.--Average rate on 30-year fixed loan dips to 3.89 pct., 15-year drops to 3.16 pct. >Mortgage rates are lower because they track the yield on the 10-year Treasury note, which fell below 2 percent. They could fall even lower this year if the Fed launches another round of bond ...

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 data or news headlines will cause market volatility sufficient to send rates higher.  ...

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 County limits shown below (there are different limits for different ...

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. Rates dropped to a record low of 4.71 percent in December and have hovered around ...

The average interest rate on 30-year fixed-rate jumbos dropped to 5.79%, a nearly five-year low, according to rate tracker Informa Research Services of Calabasas. It edged up to 5.88% on Tuesday, still very attractive by historical standards. The average is down from well above 7% in late 2008. Rates are even lower on so-called hybrid adjustable ...

Here is a list of the LOAN programs that are still available. Even if you are Self Employed!! - 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) - Conventional A Paper Loans - UP TO 125% LTV - Conventional and FHA High ...

The media's recent analysis of the economy has run the gamut of late, some optimism, some pessimism...but also some confusion as they attempt to decipher recent economic reports, particularly relating to the job market. Let's look at a few of the recent reports, and get behind the headlines to decipher what they really mean. Last ...

Last week (11/13) the Federal Reserve stepped in with more buying of Mortgage Backed Securities (MBS), helping Bond prices recover from news of a weak Treasury Auction. Overall, home loan rates bounced around last week and ended the week very slightly improved.  But that said, we can't "push our luck" and think the ...

Mortgage rates started off the week slightly lower and followed the trend down all week long as stocks fell due to a mix of profit taking and worse-than-expected economic data.  This data included lower-than-expected housing numbers and a weak manufacturing overview.   Employment numbers were released this morning that showed that ...

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, ...