Home Prices Rise For Fourth Consecutive Month The S&P/Case-Shiller Home Price Indices though July 2011 showed its fourth consecutive month of increases, with both the 10- and 20-city composites up 0.9 percent in July over June. David M. Blitzer, chairman of the index committee at S&P Indices, said July’s data shows fairly broad improvement in [...]
Estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family houses were at a seasonally adjusted annual rate of 295,000, 2.3 percent below July’s rate but 6.1 percent above August of last year. The median sales price of new homes sold in August was $209,100; [...]
One of the most confusing things for a home buyer in Temecula, Murrieta or Menifee is trying to understand ‘What Rate Do I Qualify For?’ When asked, I tell people, “You don’t qualify for a mortgage rate, you choose the interest rate you want.” This isn’t auto financing where some used car salesman is trying [...]
Sales of previously owned homes hit a five-month high in August, according to data from The National Association of Realtors. Existing-home sales spiked 7.7 percent to an annual rate of 5.03 million units, exceeding economists’ expectations. Total sales, including single-family, townhomes, condominiums, and co-ops, were 18.6 percent higher than they were in August of last [...]
Mortgage Application Activity Increases According to The Mortgage Bankers Association’s Weekly Applications Survey, the seasonally adjusted Market Composite Index, which measures total mortgage loan application volume, increase 0.6 percent last week from the previous week. On an unadjusted basis, the index was up 25.2 percent from the week before, which included Labor Day. The Refinance [...]
It’s not uncommon for current and prospective homeowners to ask “Are mortgage rates good right now?” Similarly when evaluating a loan offer they might wonder “Is this a good mortgage rate?” It’s impossible to draw the line saying mortgage rates above a certain number are bad and below it they’re good – whether a mortgage [...]
Mortgage interest rates fell to the lowest levels on record last week in New Jersey and New York! That goes for FHA and Conventional mortgage loans in the New York metropolitan area. The fall in rates in recent weeks is in response to turmoil on Wall Street which makes this a great time to purchase a home [...]
You can use real estate mortgage grants for buying a house using government grant money. These funds are different from traditional loans in the aspect that these don’t need to be paid back you can get as much as $20,000 as grant money for purchasing a property or improving it. You can also get home [...]
There isn’t a week that goes by that we don’t have a Minnesota or North Dakota veteran contact us about refinancing. On too many occasions the news we have for them is not good. Here’s what we’re finding; they have good credit, good income and no equity.
If you are the average homeowner your probably getting sick of hearing every few months the catch phrase “historic low rates”. It’s about as common now as your local furniture store going out of business every other month. But as Mortgage Professional, we really do need to alarm people of every small window that opens [...]
*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
