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Tag Archives: affordability

It’s Back! Down Payment Assistance for Buyers!

breaking-newsCan you imagine buying a new home with little to nothing down? Don’t worry, this is not too good to be true, it’s a pure and simple government backed loan (FHA) with the help of our new Grant Program.

We have added this wonderful assistance program to our ever-growing arsenal of loan programs, and now I can finally spread the news! This Grant may help you take advantage of this very attractive real estate market and possibly be the difference in purchasing that home you have had your eyes on. But, with any program, it’s important to read the fine print to make sure this is something that will work for you. Read the rest of this entry »

 
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Posted by on December 3, 2013 in Mortgage Blog

 

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Should I Lock Or Float This Week : April 29, 2013

What's Ahead For Mortgage Rates This Week - April 29 2013Mortgage rates fell again last week and are again near record lows.

According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to 3.1 percent one year ago.

The average rate for a 30-year fixed rate mortgage fell to 3.40 percent and near the record low of 3.31 percent.

Low mortgage rates are helping homeowners with refinancing and are boosting housing markets as more buyers can qualify for mortgage loans. Read the rest of this entry »

 
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Posted by on April 29, 2013 in Mortgage Rates

 

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What Mortgage Rates Are Doing This Week: Shoud I Lock Or Float?

Freddie Mac 30-year fixed rate mortgage ratesMortgage-backed securities (MBS) improved a bit last week, and rates remain near all-time low’s, continuing this year’s Refinance Boom and giving fuel to the budding housing market recovery. Read the rest of this entry »

 
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Posted by on December 3, 2012 in Mortgage Rates

 

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Coming Soon : New, Mandatory Loan Fees For All Conforming Mortgages

New g-fees threaten low mortgage ratesBeginning as soon as next week, new, mandatory mortgage fees will push mortgage rates higher throughout Sacramento and nationwide. Fannie Mae and Freddie Mac are raising their respective “guarantee fees”.

Guarantee fees are fees that mortgage-backed securities providers charge to lenders for mortgage-related services including the bundling, selling and reporting of mortgage-backed bonds.  Read the rest of this entry »

 
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Posted by on September 7, 2012 in The Economy

 

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How Will Buying or Leasing a Car Affect My Mortgage?

Should you lease a new car, or should you buy one? Like most financial questions, the answer depends on your situation. For some people, leasing a car presents distinct economic advantages. For others, buying a car is the way to go. Read the rest of this entry »

 
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Posted by on August 22, 2012 in Personal Finance

 

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Are Mortgage Standards Starting to Loosen?

Fed Senior Loan Officer SurveyThe nation’s biggest banks have started to loosen mortgage lending guidelines. Is this another signal of an improving U.S. economy?

As reported by the Federal Reserve, last quarter, no “big banks” reported stricter mortgage standards as compared to the quarter prior and “modest fractions” of banks reported easier mortgage standards.  Read the rest of this entry »

 
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Posted by on August 14, 2012 in Mortgage Guidelines

 

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HELP For Homeowners Underwater and What About New Homebuyers?

One month after posting a multi-year high, the Pending Home Sales Index retreated to 99.3 in June — a strong reading in its own right.

At the same time, millions of homeowners find themselves underwater, unable to refinance and take advantage of these historic low rates.

There is help now – click here !

And more help maybe on the way – click here ! Read the rest of this entry »

 
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Posted by on July 27, 2012 in Housing Analysis

 

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