Inland Empire Direct Mortgage Lender | FHA VA USDA HARP 2 Home Loans » Mortgage Rates

HARP 2 Interest Rates to Refinance a Mortgage in California

Brad Yzermans — Wed, 22 Feb 2012 07:12:58 +0000

Current HARP 2 interest rates to refinance a mortgage in California today are very low. How low? Low low…..much lower than an the existing interest rate for someone who eligible for the HARP 2 refinance program. Common question: Are today’s HARP 2 interest rates the same as if someone is buying a home with a [...]

What’s Ahead For California Mortgage Rates: August 29, 2011

Brad Yzermans — Mon, 29 Aug 2011 13:01:09 +0000

Mortgage rates last week for California home owners and home buyers proved to be another volatile week. Wall Street alternately sought risk and shunned it, causing mortgage-backed bonds to rise and fall rapidly. There was a lot to move markets, too, including banking concerns across Europe, inflation figures within the U.S., and a public [...]

What’s Ahead For California Mortgage Rates: August 15, 2011

Brad Yzermans — Mon, 15 Aug 2011 12:51:07 +0000

California mortgage interest rates improved again last week. The combination of global economic uncertainty plus a dour outlook from the Federal Reserve pushed mortgage bonds to highs for 2011, and drove mortgage rates below their all-time lows. Bonds were volatile, driven by the stock market’s gyrations. On 4 consecutive days, the Dow Jones Industrial Average [...]

Should You Lock Your Interest Rate Before July’s Jobs Report

Brad Yzermans — Wed, 03 Aug 2011 12:54:55 +0000

The July jobs report will be released tomorrow. Do you have a rate lock strategy in place or willing to miss an opportunity to lock in a crazy low mortgage rate? At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar. If [...]

What’s Ahead For California Mortgage Rates: July 25, 2011

Brad Yzermans — Mon, 25 Jul 2011 12:53:58 +0000

Mortgage markets in California’s Inland Empire Region worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life. After many weeks, European leaders agreed on a financial package for Greece that featured favorable loan terms designed to slow Eurozone contagion, along with [...]

What Mortgage Rate Do I Qualify For? (the truth)

Brad Yzermans — Sat, 23 Jul 2011 06:50:56 +0000

One of the more common questions I’m asked in the mortgage prequal or pre-approval process is ‘What Rate Do I Qualify For?’ My answer often confuses people when I respond by saying, “You don’t qualify for a rate, you choose the interest rate you want.” This isn’t auto financing where some used car salesman is [...]

What’s Ahead For California Mortgage Rates: July 18, 2011

Brad Yzermans — Mon, 18 Jul 2011 12:52:29 +0000

Mortgage rates in Temecula, Murrieta, Menifee, Corona, Riverside and Moreno Valley area of California’s Inland Empire worsened last week as concerns for the global economy drove investors to “safe haven” buying. Fear continues to dominate mortgage bond market movement. Home buyers who work with a mortgage lender who tracks the real time bond market on [...]

What Is Annual Percentage Rate (APR)?

Brad Yzermans — Tue, 12 Jul 2011 12:54:25 +0000

What’s Ahead For California Mortgage Rates : July 5, 2011

Brad Yzermans — Tue, 05 Jul 2011 12:55:18 +0000

Mortgage markets in California worsened last week as Wall Street’s renewed optimism pushed equities to their best one-week gain in 2 years. The change in sentiment was bad news for home buyers sensitive to interest rates when investors pored into stocks at the expense of bonds (mortgage debt). Last week, for the first time since [...]

What’s Ahead For California Mortgage Rates: June 27, 2011

Brad Yzermans — Mon, 27 Jun 2011 12:57:55 +0000

Mortgage rates in California improved again last week on a revised economic outlook for the U.S. economy, and ongoing concerns about Greece and its sovereign debt. Conforming mortgage rates in Temecula, Corona and Riverside fell last week and now hover near the all-time lows set last November. Adjustable-rate mortgages are especially low. There were three [...]