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Tips To Close Your Home Loan Faster, With Fewer Hassles

Close faster on your mortgageWith mortgage rates at all-time lows, purchase and refinance activity is climbing. And with guidelines tight, and pipelines full, you will want to be properly prepared up front to mitigate some of the horror stories you have probably been hearing about.

Home sales are at their highest levels since May 2010 as home buyers take advantage of favorable economic conditions. Home prices are low, household income is rising, and rents are up in many U.S. cities.

Low rates have stoked mortgage refinance applications throughout Sacramento, too. Read the rest of this entry »

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Posted by on October 11, 2012 in Personal Finance

 

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Lock Your Mortgage Rate : New Loan Fees Expected Within Days

Payroll tax fees for new loansStarting soon, nearly all home buyers and refinancing households throughout California and nationwide will pay higher mortgage loan fees. Congress has made it law.

As a Lender in Natomas, California, I am prepping my clients for higher fees. 13 months ago, as part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, Congress enacted a one-year cut to FICA payroll taxes. Read the rest of this entry »

 
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Posted by on January 10, 2012 in Mortgage Blog, Mortgage Rates, The Economy

 

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What Mortgage Rates Are Doing This Week : January 9, 2012

Retail Sales 2009-2011Mortgage 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. Read the rest of this entry »

 
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Posted by on January 9, 2012 in Mortgage Rates

 

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Housing And Mortgage : The Experts Make Their 2012 Predictions

What's next for housing in 2012As the new year begins, there are no shortage of stories telling us what to expect in 2012. Housing finished 2011 with momentum and mortgage rates closed at the lowest rates of all time.

Some expect those trends to continue through the first quarter and beyond. Others expect a rapid reversal.

Who’s right and who’s wrong? Read the rest of this entry »

 
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Posted by on January 4, 2012 in The Economy

 

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What Mortgage Rates Are Doing This Week : January 3, 2012

Jobs report due FridayMortgage rates improved last week during a holiday-shortened trading week. The mortgage bond markets closed Monday for Christmas, and closed early Friday afternoon. Trading volume was light all week-long, which contributed to a year-end rally.

Mortgage bonds made their largest one-week gain in two months as conforming mortgage rates in California fell to new lows nationwide. Read the rest of this entry »

 
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Posted by on January 3, 2012 in Mortgage Rates

 

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Home Supplies Fall To 7 Months Nationwide; Buyer Demand Strong

Existing Home Supply 2010-2011

Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector. Home buyers and sellers throughout Sacramento should take note of November’s numbers because — behind the headlines — there’s a series of statistics that foretell higher home prices ahead. Read the rest of this entry »

 
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Posted by on December 22, 2011 in Housing Analysis

 

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Mortgage Payments Fall 12% Since February 2011

Mortgage payments in 2011

This is for my good friend Mark! We were at a year-end get-together (aka Drinking beer at the pub) with my rowing crew and he kept reminding me that rates are dropping. Thank you Mark! As mortgage rates drop, so do housing payments. It’s a good time to consider refinancing your home, or making an offer on a new one. Mortgage payment affordability has never been so high in history. Read the rest of this entry »

 
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Posted by on December 16, 2011 in Mortgage Blog, Mortgage Rates

 

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