This is a big deal — especially today. Mortgage rates are at an all-time low and millions of U.S. homeowners have been unable to take advantage. HARP aims to change that.
The government’s new, revamped HARP program is 6 weeks from release. Homeowners in California and nationwide are gearing up to refinance. Email me at dtharp@comstockmortgage and get on my First Call Reservation List. Continue reading
Falling mortgage rates make owning a home more affordable. Mortgage rates are directly tied to monthly mortgage payment so as mortgage rates drop, so does the cost of home-ownership.
It’s a money-saving time to buy a home in Sacramento — or to refinance one. Mortgage rates have never been this low in history. Continue reading
I can’t believe I am posting this – once again rates dropped last week, setting near all-time lows set earlier this year.
Mortgage markets improved last week as news from the Federal Reserve, the U.S. economy, and Europe combined to spur new demand for mortgage-backed bonds. Continue reading
The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose throughout California from one week to the next.
Data was strong across all categories last week.
Mortgage markets improved last week, pushing mortgage rates in Northern California lower for the second straight week. Conforming fixed and adjustable-rate mortgage cut new, all-time lows, and FHA mortgage rates did the same.
In a holiday-shortened trading week, stronger-than-expected U.S. economic data and ongoing weakness within Europe drove investors into the U.S. mortgage-backed bond market. When demand for bonds is high, mortgage rates improve.
The Refi appetite continues. Continue reading