Although still quite low, interest rates have climbed again. Wednesday Freddie Mac put the 30 year fixed rate at 4.40%. Last week they reported the rate at 4.39%, and two weeks ago at 4.17%. While 4.40% is still an extremely … Continue reading
Fannie Mae, the largest federal loan insurer, has made some changes in their guidelines for home loans. The new rules go into effect 13 December this year. While it may make getting that loan a bit more difficult for a … Continue reading
Stable home prices, low mortgage rates could gas economy Mortgage rates continue at record low rates AND the housing prices are stabilizing in many areas accross the nation. Freddie Mac reports interest rates for a 30 year fixed rate loan … Continue reading
Interest rates have gone up for three weeks in a row now for the “normal” (the 30 year fixed rate) home loan. This is not terrible news however. This three week raise is from record (since 1971) lows of 4.19% … Continue reading
California is participating in a federal program to help home owners who are struggling to make their mortgage payments. $1.83 BILLION has been made available to help with buy-downs, late payments, etc. Although slated to have begun Monday, the Keep … Continue reading
Are you looking to make your home a little more “green”? Maybe some of those old appliances are nearing the end of their life? Or how about just old fashioned saving money? Right now California is sponsoring a rebate program … Continue reading
That’s good news for everyone thinking about buying a foreclosed home. And for those who recently did so. Large titles companies (National Fidelity and First American among them) have decided that requiring banks to indemnify them against all errors in … Continue reading
Existing-home sales rose again in September according to a recent report by NAR (National Association of Realtors®), affirming that the recovery is under way. Closed transactions of condos, single family homes, townhouses and co-ops rose 10% over last month, but remain … Continue reading
In the continuing battle to protect the public from fraudulent schemes, the State of California, at the urging of Realtors® and others, is now including Forensic Loan Auditors et al to follow the rules set forth for the lending industry as we … Continue reading
Just as some banks are announcing that they have things under control and are getting their foreclosure proceedings back on track another bug-a-boo has popped up. And again, it appears to be a procedural error. This time, there seems to … Continue reading