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 […]

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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 […]

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

Its been a stop-and-go for the new and improved┬áHome 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 […]

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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 […]

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Flames, Floods and Fury: Preparing Your Financial Records for the Unexpected

It is quite clear from many recent events that Mother Nature is more than capable of springing some nasty surprises with the weather which can cause terrible devastation and damage, not to mention some events that can be equally as damaging that are manmade. In times of upheaval and sometimes extreme difficulties, we want to […]

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FHA Wont Allow Cancellation Of Mortgage Insurance Anymore; Increases Premium

FHA recently announced changes to mortgage insurance premium for home loans insured by the agency. The new guidelines will make FHA loans more expensive. You will also need to pay mortgage insurance for the life of the loan in most cases. Changes to FHA Annual Mortgage Insurance Premium The below chart shows the changes coming […]

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Another Week, Another Increase In California Mortgage Rates

According to Mortgage Bankers Association’s (MBA) weekly mortgage application survey, California mortgage rates has now increased seven of the last eight weeks. Most of the big banks are now advertising Annual Percentage Rates (APR) just under 4%. 30 Year and 15 Year Fixed Mortgage Rates The average interest rate for 30-year fixed-rate mortgages with conforming […]

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Mortgage Rates Skyrocket – Crosses 4% Mark At Some Banks

Mortgage Rates have skyrocketed to their highest levels since August 2012, prompting some banks to increase the rate to 4% and beyond. On Friday, MBS (the mortgage backed securities that directly influence mortgage rates) tanked 62 basis points. That came after 26 basis points drop on Thursday. More bad news continued on Monday when long-term […]

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How To Get The List Of All FHA Approved Condos {Video}

I did a quick video to show you how you can find out a list of all FHA Approved condominiums. You can search for all approved condos in a certain State, City or Zip code. You can also search if a certain condo is FHA approved or not. And if you need help with FHA […]

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California 30 Year Fixed Mortgage Rates Climb For Third Consecutive Week

According to Mortgage Bankers Association (MBA) weekly survey, California mortgage rates increased again last week. The rates have now increased for five out of last six weeks. This is the third consecutive week that 30 year fixed rates have gone up. Overall the rates have gone up by .25% after hitting the lowest levels in […]

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