The new HARP government upside down/underwater mortgage refinance program will help some home owners in the Corona, Chino, Riverside, Canyon Lake, Moreno Valley, Lake Elsinore who want to keep their home and lower their interest rate and mortgage payment. What is HARP? It’s an instrument, but in this discussion we’re talking about the Home Affordable [...]
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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 [...]
FPF is a Riverside mortgage company helping home buyers qualify for a Riverside FHA, VA, HomePath, Conventional, USDA, or Riverside Down Payment Assistance home loan. The flexibility of being both a Riverside, CA mortgage broker & Riverside direct lender bank gives home buyers the ability to avoid delays, close faster, more niche loan options, and [...]
Looking for a place to watch 4th of July fireworks in Corona, Chino, Riverside, Mira Loma/Jurupa Valley, or the Moreno Valley area? See below. Corona 4th of July Celebration, Fireworks & Family Fun Festival When: July4th 4-10 p.m. Where: Santana Park – 598 Santana Way (parking at Crossroads Church) _________________________ City of Chino Freedom Festival [...]
Inland Empire mortgage rates are (again) at their lowest levels in history.
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? [...]
Non-Farm Payrolls hits the wires Friday at 8:30 AM ET. Markets are expecting a 75,000 net loss of jobs last month. If the actual number is higher, mortgage rates should rise. If the actual number is lower, mortgage rates should fall.
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