Tag Archives: California
What’s Ahead For California Mortgage Rates: September 7, 2010

What’s Ahead For California Mortgage Rates: September 7, 2010

Mortgage rates worsened 3 days in a row last week for the first time since late-April.

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August 2010 Jobs Report Pushes California Mortgage Rates Higher

August 2010 Jobs Report Pushes California Mortgage Rates Higher

On the first Friday of each month, the Bureau of Labor Statistics releases Non-Farm Payrolls data for the month prior. 54,000 jobs were created in August.

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Cheesy Sneaky New Home Builder Resale Transfer Flip Tax

California Buyers Beware: New Development Home Builders May Be Ripping You Off

As a buyer of a new built home in California’s Inland Empire, would you be willing to pay the builder a 1% fee when you sell the home 3, 7 or even 15 years from now?  That is exactly what home builders have done, are doing, and trying to do more often. It’s called a [...]

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Existing Home Sales Plummet In July; Home Buyers Gain Leverage

Existing Home Sales Plummet In July; Home Buyers Gain Leverage

The number of home resales plunged by 1.4 million units in July. Home buyers may uncover opportunities for a deal.

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Inland Empire July 2010 Home Sales Report

Inland Empire July 2010 Home Sales Report

Inland Empire home sales for July 2010 saw it’s biggest year over year drop in home sales in more than two years.  This is a sign that the tax credit rush to purchase homes is slowing and will become stabilized….or normalized.  I anticipate sellers will no longer be receiving 20-30 offers per home.  It should [...]

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Important Changes to FHA’s Insurance Premiums & Why California Homebuyers Should Care

Important Changes to FHA’s Insurance Premiums & Why California Homebuyers Should Care

HUD recently announced that starting October 4th (recently delayed), FHA is reducing the amount to be collected for their Up Front Mortgage Insurance Premium (UFMIP). However, FHA will also increase how much they collect on their Annual Mortgage Insurance Premium (MIP – collected monthly) for California’s Inland Empire (Riverside & San Bernardino County) home buyers. Confused? [...]

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