30 Year Fixed Mortgage Rates Rise For Sixth Consecutive Week

30 Year Fixed Mortgage Rates for California and rest of the country increased for sixth consecutive week. After touching a low of 3.35% in early May, the 30 Year Fixed Rate is at 3.98% according to Freddie Mac weekly mortgage survey. During the same time period, 15 year fixed has moved from 2.56% to 3.10%. […]

Read More

Mortgage Rates Reach A Point Of No Return

The month of May, 2013 saw the steepest one month hike in mortgage rates in last 5 years. In the last five weeks, 30 year fixed mortgage rates have climbed 0.50% to 0.75%. Interest rates for virtually all the loan programs have increased substantially. Freddie Mac in its latest weekly survey reported that the fixed […]

Read More

Buying Your First Home in California

How much you can comfortably afford? Beyond pre-qualification, the pre-approval process is the best way to determine the number that’s right for you. More than just a conversation, pre-approval entails full documentation and a credit check. The comprehensive review of all this information will help to determine early, what is truly available to you. Better […]

Read More

Mortgage Rates Rise Sharply On Better Economic News

Its been a bad month for mortgage rates. In 3 weeks the mortgage rates are up 0.25% to 0.375%. Freddie Mac’s weekly survey on April 25th, 2013 reported the 30 Year Fixed at 3.35% with 0.7 points. May 16th survey reported 3.51% with 0.7 points. A quick look on Bank Rate today shows 3.66%. All […]

Read More

Then and Now – An Amazing Yet True Comparison of Mortgage Payments

These figures are illustrations only. Prices are based on U.S median average sales prices, rates are reflective of a 30 year fixed rate loan for 1981 and early in 2013. Principal and Interest payments are based on an 80% loan to value, taxes are based on a factor of 1.5% of the sales price and […]

Read More

California HARP Has Been Extended Till 2015 by Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) today directed Fannie Mae and Freddie Mac to extend the California Home Affordable Refinance Program (HARP) by two years to December 31, 2015. The program was set to expire December 31, 2013. More than 2 million homeowners have refinanced through HARP, proving it a useful tool for reducing risk,said […]

Read More

California Mortgage Rates Trend Lower After Rising for Several Weeks

The first Friday of every month is almost always one of shock and awe; the release of the monthly employment data is rarely a calm event. The March data released last Friday did disappoint in terms of surprise. The news improved Mortgage Backed Securities (MBS) price by 40 basis points (bps) on Friday and 122 […]

Read More

How to Estimate a Property’s True Market Value

One of the most common mistakes that many new real estate investors and first-time home buyers make is overestimating a property’s true market value. The result is overestimating its resale value or rental income potential, which can have a negative effect on any potential profits in the future. Loss of Profits A good example of […]

Read More

Can HARP 3 Soon Become A Reality For California Homeowners? #MyRefi

Its been a stop-and-go for the new and improved Home Affordable Refinancing Program 3.0 (also called HARP 3). Towards of the end of last year the launch seemed to have gained momentum. But nothing seem to have happened in last month or so. Nearly 1.8 million borrowers have taken advantage of the Home Affordable Refinancing Program […]

Read More

Employment News Takes Mortgage Rates To Highest Levels In Over a Year

After weeks of worsening rates, it seemed California mortgage rates were getting stable. But the employment report and some other news last week delivered a knockout punch to any hope of rates getting better. Mortgage rates are directly impacted by how mortgage backed securities(MBS) are traded on wall street. If MBS fall in price, the […]

Read More

Grab our complimentary eBooks

Download eBook

Download Ebook

Download eBook

Download eBook