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June 17, 2013 by

What’s Ahead For Bay Area Mortgage Rates This Week – June 17, 2013

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Last week's news was relatively quiet with no data significant to the mortgage lending released until Wednesday, when the federal government announced a $138 billion budget deficit for May. According to the U.S. Treasury this figure is 11 percent higher than for May of 2012, but the federal budget is expected to come in with less than a -$1 trillion deficit for the 2013 fiscal year, which runs from October to September. The Treasury estimates that the 2013 budget deficit will come in at approximately -$642 billion, well below fiscal … Continue reading...

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June 10, 2013 by

What’s Ahead For Pleasanton Mortgage Rates This Week — June 10, 2013

Last week's economic reports provided a mixed bag of results for news and Pleasanton's mortgage rates. On Monday, the Department of Commerce reported that construction spending increased by 0.40 percent in April and fell shy of the expected reading of 1.0 percent, but exceeded the March reading of -0.80 percent. Home Prices Increase Fastest Since 2006 On Tuesday, CoreLogic released its Home Prices reported that the national average home price had increased by 12.10 percent year-over-year in April. The comparable year-over-year reading for … Continue reading...

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June 5, 2013 by

3 Critical Tips To Improve Your Credit Score And Mortgage Terms

When you are looking for a mortgage for your Bay Area home purchase, your credit score is very important. Any potential lender will check your score and will use the number to assess your credit worthiness and the interest rate they offer you. The … Continue reading...

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June 3, 2013 by

What’s Ahead For Bay Area Mortgage Rates This Week — June 3, 2013

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Last week’s financial news was relatively limited due to the Memorial Day holiday and no economic reports being released on Wednesday. The biggest news in terms of housing and mortgages was the S&P/Case-Shiller Housing Market Indices (HMI) … Continue reading...

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May 20, 2013 by

Bay Area Interest Rates Jump on Strong Economic News -Mortgage News May 20, 2013

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Last week was jam-packed with economic news; here are some highlights with emphasis on housing and mortgage related news: Monday: Retail sales for April increased to -0.1 percent from the March reading of -0.5 percent and also surpassed Wall … Continue reading...

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May 13, 2013 by

Mortgage Rates Up; What’s Ahead For Mortgage Rates This Week – May 13, 2013

Mortgage rates rose last week in the Bay Area with average rates a 30-year fixed rate mortgage rising from last week's 3.35 percent to 3.42 percent with buyers paying all closing costs and 0.7 percent in discount points. Average rates for a … Continue reading...

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May 6, 2013 by

What’s Ahead For Bay Area Mortgage Rates This Week – May 6, 2013

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Bay Area mortgage rates fell last week and approached or reached record low levels. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage (FRM) fell from 3.40 percent to 3.35 percent. Average rates for a 15-year FRM moved … Continue reading...

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May 2, 2013 by

Fed Meeting Points To Continuing Low Interest Rates in the Bay Area

Wednesday's Federal Open Market Committee (FOMC) statement indicates the Federal Reserve's commitment to keeping long term interest rates and inflation under control. This should continue a pattern of low interest rates for Bay Area home purchasers … Continue reading...

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April 29, 2013 by

What’s Ahead For Pleasanton Mortgage Rates This Week – April 29, 2013

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Pleasanton's mortgage rates fell again last week and are again near record lows for your purchase or refinance. According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to … Continue reading...

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April 24, 2013 by

Existing Home Sales Numbers Show Value Gains Across America- Bay Area Even More

The National Association of REALTORS® released its Existing Home Sales report for March on Monday. The news as we know in the Bay Area is good. Sales dipped from February's seasonally adjusted annual rate of 4.95 million to 4.92 million existing … Continue reading...

Filed Under: Blog, Housing Analysis, Real Estate Tagged With: , ,