My Agent Spotlight Series begins with Jeff Menendez, a tech savvy Corona/Inland Empire Real Estate Agent with TMG Group/Keller Williams Realty. Jeff can be reached at (951) 821-6683 and I would encourage you to follow his blog, and on Twitter, Google+, AboutMe, Facebook, and LinkedIn. Me: When and why did you become a real estate […]
After much talk of reducing the maximum Conventional Conforming and High Cost (Jumbo) County loan limits in California for 2014, FHFA announced the $417,000 loan limits will remain unchanged for Fannie Mae/Freddie Mac Conventional financing. However, HUD REDUCED their FHA conforming loan limit for 2014 as announced in Mortgagee Letter 2013-43! FHA has ‘floors’ and […]
How Much Can I Qualify For or Borrow When Buying A Home? There are many misconceptions about qualifying criteria and guidelines in general, but even more so about how mortgage lenders determine a borrowers maximum qualifying amount. Who Decides How Much I Can Afford or Qualify for? Many people have an image in their head […]
Mortgage rates last week improved an average of .125% to .250% in rate because the MBS (Mortgage Backed Securities) market recovered more than half of the sell off that we experienced on Friday, November 8th. And today, November 18th, the bond market improved even more (lower rates). Mortgage Rates Currently Trending: LOWER! Many lenders will […]
Mortgage rates have remained steady through middle part of October but last week we saw rates deteriorate an average of .125% by Thursday. Mortgage Rates Currently Trending: HIGHER! Depending on the lender, as we saw MBS (Mortgage Backed Securities) pricing deteriorate and test the support level of 102.00 after the announcement from the Fed meeting […]
“How is the housing market doing in Temecula, Murrieta, French Valley, or Menifee?” Is it a Buyer’s or a Seller’s market? Real estate is way too ‘local’ to give a general response of ‘good’ or ‘bad’ because each community or neighborhood has it’s own characteristics which drive home values, buyer activity, and days on market. […]
If you are starting your home search to buy, rent, or even sell, perhaps you should first find out if anyone has ever died in the home first. I wonder how many people buy or rent a home that didn’t know in advance that someone died in the home? Or how many people buy or […]
