Freddie Mac is offering a 3.5% closing cost assistance incentive to home buyers who purchase a HomeSteps home in California. Combine this with a low down payment FHA loan, or even with down payment assistance, and buying a home is possible for almost anyone! You do not have to be a first time home buyer [...]
Tag Archives | Freddie Mac
Time To Refinance? Mortgage Rates Down 1.00 Percent Since April
The rate-and-fee combination you get in California is different from the rate-and-fee combination you’d get if you lived somewhere else. In the West, rates are low and fees are high; in the Southeast, it’s the opposite.
California Conforming and FHA Loan Limits for 2011
Conforming mortgages in California are appropriately named because they conform to the mortgage guidelines set forth by Fannie Mae and Freddie Mac. Of the many traits of a conforming mortgage, one is “loan size” and loan sizes have limits. Mortgages exceeding this loan size limit cannot be securitized as a conforming mortgage and, therefore, are [...]
What’s Ahead For California Mortgage Rates: September 27, 2010
In back-and-forth trading last week, conforming mortgage rates bottomed out Wednesday before rising through Friday’s afternoon close. This week should be even more volatile.
Inland Empire Mortgage Rates Make New Lows
Inland Empire mortgage rates are (again) at their lowest levels in history.
Fannie Mae/Freddie Mac Mandatory LLPA Fees Prevent Borrowers From Getting Their Absolute Lowest Rate
Conventional California mortgage rates in the Inland Empire may be posting all-time lows this week, but that doesn’t mean you’ll be eligible for them. You may have already called your loan officer and found this out the hard way. It’s because of a federally-mandated mortgage-pricing scheme known as “loan-level pricing adjustments”.
Inland Empire Rates Dropping but Costs Are Rising, Says Freddie Mac
Mortgage rates may be dropping, but in the Inland Empire mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.
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