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FHA Loans: Opening Your Doorway to Homeownership in the S.F. Bay Area

January 27, 2011 By Leave a Comment

During the Great Depression, the federal government sought to create a stable platform for economic growth, and that platform was homeownership. Through bolstering the rate of homeownership, the feds felt citizens would be in a better position to give back to the economy.
With that in mind, in 1934, the Federal Housing Authority (FHA) was established. [...]

Related posts:

  1. FHA Home Loans Emerge As A Cheap Alternative For Low-Credit Score Homeowners
  2. An Appetite For Jumbo Loans Returns
  3. How The Recasting of Interest Only Loans Helps With Financial Planning
Filed Under: Mortgage Updates, Real Estate Market Updates & Reports Tagged With: , , , ,

Home Supplies Plummet, Home Sales Surge Putting Pressure On Prices To Rise

January 21, 2011 By Leave a Comment

According to the National Association of REALTORS®, seasonally-adjusted, annualized Existing Home Sales figures climbed by more than a half-million units in December as compared to November. It’s the 3rd straight month of home resale improvement nationwide.

Related posts:

  1. Home Supplies Plummet, Putting Pressure On Home Prices To Rise
  2. Home Inventories Plummet, Foreshadowing Higher Prices By Spring 2010
  3. New Home Supplies Plummet, Pressuring Home Prices Higher
Filed Under: Real Estate Market Updates & Reports Tagged With: , , , , ,

Building Permits Surge In December; Signals A Strong Spring Housing Market

January 20, 2011 By Leave a Comment

According to theCensus Bureau’s report, Housing Starts of single-family homes fell to 417,000 units on a seasonally-adjusted, annual basis. The figure marks a 9 percent drop-off from November, and is the lowest reading since May 2009.

Related posts:

  1. Housing Permits Spike For The Second Straight Month
  2. Today’s Signal That Home Prices May Have Already Bottomed: Building Permits
  3. Housing Starts Data Hints That Housing Will Expand Even After The Tax Credit Expires
Filed Under: Real Estate Market Updates & Reports Tagged With: , ,

How To Renegotiate Your Credit Card Interest Rates To Something Lower

January 11, 2011 By Leave a Comment

According to the Federal Reserve, a credit card balance of $5,000 at 23.99 percent APR won’t pay off for 16,127 years. That’s one reason why it’s important to manage your credit card rates, and renegotiate them whenever possible. Here’s how to do that.

Related posts:

  1. Sharing Your Credit Card Balances Can Lower Your Mortgage Rates
  2. See How Credit Missteps Lower Your Credit Score
  3. STOP! Before You Open That Store Charge Card To Save 15 Percent…
Filed Under: Buyer/Seller/Renter Resources Tagged With: , , , , , , , ,

Boost Your 2010 Tax Deductions By Making Your January Mortgage Payment A Little Bit Early

December 8, 2010 By Leave a Comment

Looking for an extra 2010 tax deduction? Consider making your January mortgage payment a few days early.

Related posts:

  1. Get Extra Tax Deductions In 2008 — Pay Your Mortgage A Few Days Early
  2. How To Squeeze Extra Tax Deductions From Your Mortgage In 2007
  3. How To Increase Your 2009 Mortgage Interest Tax Deduction
Filed Under: Real Estate Market Updates & Reports Tagged With: , , , ,

10% down and not FHA!

November 11, 2010 By Leave a Comment

Property type: Three-bedroom, two bath in Half Moon Bay
Appraised value: $585,000
Loan amount: $508,000
Loan type: 30yr fixed
Rate: 5%
Back story:
For a long time in this economy the only way to do a 10% down mortgage was through FHA. This loan makes the blog because it was the first loan we’ve done in a long while [...]

Related posts:

  1. 6-figure debt, mortgages stood in way of his client
  2. Taking advantage of interest costs can change your situation!
  3. Why is having a close relationship with your client’s lender important?
Filed Under: Real Estate Market Updates & Reports Tagged With: , , , , ,

Better Credit Scores Get Better Mortgage Rates

November 7, 2010 By Leave a Comment

Mortgage approvals are primarily based on good income, good equity and strong credit, and, without all three, the best rates of the day remain out of reach. Do something about your credit score.

Related posts:

  1. Better Credit Scores Get Better Mortgage Rates
  2. See How Credit Missteps Lower Your Credit Score
  3. Basic Credit Scoring Tips For A Better Mortgage Rate
Filed Under: Mortgage Updates, Real Estate Market Updates & Reports Tagged With: , , ,

Foreclosure Activity By Metro Area, Q3 2010

October 29, 2010 By Leave a Comment

Foreclosures are a big part of the housing market, with distressed properties accounting for 35 percent of all home resales last month, according to the National Association of REALTORS®. But for as common as foreclosures can be, they remain a localized concern.

Related posts:

  1. Foreclosure Activity Slows Again In June 2010
  2. Foreclosure Activity Falls For The 4th Straight Month
  3. Foreclosure Activity Slows For The First Time In Several Years
Filed Under: Uncategorized Tagged With: ,

Time To Refinance? Mortgage Rates Down 1.00 Percent Since April

October 22, 2010 By Leave a Comment

The rate-and-fee combination you’d get in your home state 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.

Related posts:

  1. Mortgage Rates Make New Lows For The 9th Week In A Row
  2. What’s Ahead For Mortgage Rates This Week : April 27, 2009
  3. Don’t Rush To Refinance That ARM — It May Be Adjusting To 3 Percent Or Lower
Filed Under: Mortgage Updates, Real Estate Market Updates & Reports Tagged With: , , ,

Jobs Data Shows Private Sector Growth, Hints At Lower Mortgage Rates

October 15, 2010 By Leave a Comment

According to the government, 95,000 jobs were lost in September. Economists expected a net loss of 5,000. Mortgage rates should improve on the data today.

Related posts:

  1. July Jobs Data Is Weak, But Strong Enough To Sock Mortgage Rates
  2. The January 2010 Jobs Report May Lead Mortgage Rates And Home Prices Higher
  3. Nervous About Mortgage Rates Rising? Lock Thursday — Ahead Of Friday’s Jobs Report
Filed Under: Real Estate Market Updates & Reports Tagged With: , ,

America’s Most Expensive ZIP Codes (2010 Edition)

October 1, 2010 By Leave a Comment

Tiny, tony 91008 — located in Duarte, California — tops the 2010 Forbes list of America’s Most Expensive ZIP Codes.

Related posts:

  1. National Real Estate Data Lumps 128,203,000 Homes In America Into 1 Data Set
  2. The Best And Worst Cities For Commuters (2010 Edition)
  3. Relocate America’s Top 100 Places To Live (2010 Edition)
Filed Under: Real Estate Market Updates & Reports Tagged With: , , , , ,

As Homebuilder Confidence Stagnates, Deals Abound

September 30, 2010 By Leave a Comment

Home builder confidence held firm this month, according to the National Association of Home Builders’ monthly Housing Market Index. September’s reading of 13 equaled a 17-month low.

Related posts:

  1. Sagging Homebuilder Confidence Opens The Door For Good Deals
  2. Home Builder Confidence Falls Again; Home Buyers Gain Leverage?
  3. The Housing Market Index Reaches A 16-Month High
Filed Under: Real Estate Market Updates & Reports Tagged With: , ,

Home Affordability Gets A Boost From Weak Back-to-School Retail Receipts

September 15, 2010 By Leave a Comment

The recent rise in mortgage rates was slowed this week after the government released its Retail Sales report for August.

Related posts:

  1. Home Affordability Increases On Weak Retail Sales Data
  2. Weak Employment Data May Boost The Affordability Of Homes
  3. Retail Sales Dropped In December And Now So Are Mortgage Rates
Filed Under: Real Estate Market Updates & Reports Tagged With: , , ,

What’s Ahead For Mortgage Rates This Week : September 7, 2010

September 7, 2010 By Leave a Comment

Mortgage rates worsened 3 days in a row last week for the first time since late-April.

Related posts:

  1. What’s Ahead For Mortgage Rates This Week : September 13, 2010
  2. What’s Ahead For Mortgage Rates This Week : June 14, 2010
  3. What’s Ahead For Mortgage Rates This Week : February 1, 2010
Filed Under: Real Estate Market Updates & Reports Tagged With: ,

Bank Mortgage Lending Policies Appear To be Easing

August 29, 2010 By Leave a Comment

According to the Federal Reserve’s quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It’s a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.

Related posts:

  1. Mortgage Lending Starts To Show Signs Of A Thaw
  2. 1 In 8 Banks Tightened Prime Mortgage Standards Last Quarter
  3. Mortgage Approvals Are Getting More And More Scarce
Filed Under: Real Estate Market Updates & Reports Tagged With: , , ,
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