Monthly Archives: June 2012

Housing Starts Up 26% Over Last Year

Housing StartsSometimes, the housing data headlines tell just half the tale. The stories on May’s Housing Starts figures are proving to be a terrific illustration.

Tuesday, the Census Bureau released its monthly Housing Starts report. A “housing start” is a home on which construction has started.

The report is separated by property type with a separate count for single family homes such as detached residences and town homes; for multiple-unit homes such as 2-unit, 3-unit and 4-unit structures; and, for buildings of 5-units of more such as new condominiums. Read the rest of this entry »

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Posted by on June 20, 2012 in Housing Analysis


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Are You Moving? Check Your New Cost Of Living Estimates

Cost of Living adjustments in a new townAs a lender in Sacramento, I don’t typically have this conversation with my clients because we jump right into Mortgage and Real Estate stuff. With home values slow to rise and mortgage rates at all-time lows, there’s never been a more affordable time to own a home.

However, there is more to the cost of living than just a mortgage payment. There’s the cost of groceries, gasoline and getting your hair cut, too.

Not surprisingly, where we live affects our costs. Big cities are often more expensive to live, and local tax laws influence daily costs, too.  Read the rest of this entry »

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Posted by on June 13, 2012 in Personal Finance


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FHA To Change Its Mortgage Insurance Premium Schedule Monday, June 11, 2012

New FHA MIPBeginning Monday, June 11, the FHA is changing its mortgage insurance premium schedule for the second time this year.

Some FHA mortgage applicants will pay lower mortgage insurance premiums going forward. Others will pay more. The new premiums apply to all FHA mortgages, both purchase and refinance.

The MIP update will be the 5th time in four years that the FHA has changed its mortgage insurance premium schedule. Read the rest of this entry »

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Posted by on June 10, 2012 in Mortgage Guidelines


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Big Day in The Treasury Market today. So Why Didn’t Rates Get Much Better?

Click on the Photo for Enlarged Version. Much easier to read!

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Posted by on June 2, 2012 in Mortgage Blog


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