Inland Empire California mortgage rates are artificially low right now so even the slightest jolt could cause them to spike upward. It would be similar to what happened in June 2009 when rates rose 1.125% in just 10 days’ time. Therefore, if you’re shopping for a mortgage and like the rate you’ve been quoted, consider locking in as soon as possible.
Inland Empire June 2010 Home Sales Drop but Prices Rise
June 2010 home sales over all of Southern California are up compared to 2009 except for the Inland Empire region where homes sales dropped. However, Inland Empire home prices actually increased by almost 14%! In Riverside County, 4,645 homes sold in June 2010, down 1% from 2009. In San Bernardino, 3,179 homes sold in June 2010, donw 8% from […]
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”.
Homeowners: Should You Refinance Your ARM, Or Let It Adjust Lower?
If your adjustable rate mortgage in California’s Inland Empire is due to adjust this year, don’t go rushing to replace it just yet. Your soon-to-adjust mortgage rate may actually go lower this year.
What’s Ahead for California Mortgage Rates: July 11, 2010
California mortgage rates have fallen in 4 consecutive weeks and are on an extended rally that dates back to mid-April. This week, however, data returns and rates could reverse. Especially with inflation numbers are in play.
Home Values Up 0.8 Percent! Is this accurate?
Last week, the Case-Shiller Index reported home values up 0.8 percent across 20 tracked markets. The public-sector Federal Housing Finance Agency has reached a similar conclusion. However, some California markets were up 18%!
What’s Ahead For California Mortgage Rates: July 6, 2010
Last week — again — California mortgage rates improved and Freddie Mac is now reporting new all-time lows on three popular, conforming loan products. Here’s what’s in store for *this* week.