Mortgage rates in California worsened for the 7th straight day Tuesday, equaling the longest losing streak of the last 5 years. Because of the rising rates, homeowners have lost roughly 10% of their purchasing power since November. Conventional, 30-year fixed mortgage rates are now scratching 5 percent, with FHA mortgage rates running roughly the same. This […]
Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.
Home sellers that want to sell quickly should take a listen to this 3-minute interview from NBC’s The Today Show. It’s loaded with practical advice.
Qualifying for a Temecula/Murrieta/Menifee FHA Mortgage is not as difficult as you might think. It starts by gathering the common pre-approval documentation that will be needed by the Loan Officer to complete your loan application and structure your file properly. The three primary criteria that determine if you qualify for a Temecula/Murrieta/Menifee FHA mortgage, and for how much, are these […]
Mortgage markets worsened last week in a holiday-shortened trading week. For the second straight week, conforming and FHA mortgage rates increased.
There’s been rumors circulating of the California $10,000 home buyer tax credit being extended for 2011, so I want clarify a few things for buyers before they miss out on another opportunity for free money. The state or federal tax credit is NOT being extended, however, a new incentive for California home buyers may be […]
Unfortunately, very few home buyers in California using FHA loans to purchase realize they may qualify for down payment or closing cost assistance. Why is this? Why aren’t lenders telling home buyers about programs that will save their buyers money? OK, I admit it. This may be controversial among some of my peers, and I’ll […]
