Mortgage Rates Improve Last Week: The Week Ahead January 30, 2012

Mortgage Rates Improve Last Week: The Week Ahead January 30, 2012

Mortgage markets improved last week as news from the Federal Reserve, the U.S. economy, and Europe combined to spur new demand for mortgage-backed bonds. Mortgage Rates Improve Conforming mortgage rates rallied from Wednesday through Friday's close, ending the week near all-time lows set earlier … [Read more...]

Options for Adjustable-Rate Mortgages in the Bay Area- Is it time to refinance

Options for Adjustable-Rate Mortgages in the Bay Area- Is it time to refinance

For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates. The interest rate by which many adjustable-rate mortgages adjust has climbed to its highest level since September 2010, and looks poised to reach higher. This is because of the formula by which … [Read more...]

Foreclosure or Short Sale- You May Be Able to Buy a Home NOW

Foreclosure or Short Sale- You May Be Able to Buy a Home NOW

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What’s Ahead For Mortgage Rates in Pleasanton : Week of June 20, 2011

What’s Ahead For Mortgage Rates in Pleasanton : Week of June 20, 2011

Mortgage markets improved last week in Pleasanton as Wall Street managed news on both sides of the economic coin. There were several instances of higher-than-expected inflation -- an event that tends to lead rates higher -- but weak domestic jobs data and a soft manufacturing report suppressed the … [Read more...]

Uncle Sam Giving Us a Break- Kind of

In the true American way we get to procrastinate our least favorite day just a little bit longer. April 15 is the traditional due date for federal income taxes. It's a deadline so ingrained in the American psyche that the April 15 calendar date is often called, simply, "Tax Day". Tax Day In … [Read more...]

Investment property loans- 5-10 financed properties

NEWS ALERT: We now have a second investor on board for investors looking to finance more than 5 properties. Most lenders are caped at 4 financed properties. Email me below or call me today to get started! … [Read more...]

The cause and effect of todays White House announcement- interest rates spike

The cause and effect of todays White House announcement- interest rates spike

Mortgage Bonds are trading sharply lower (Remember: Strong economic news normally causes money to flow into Stocks and out of Bonds, causing consumer interest rates to rise) on news that our present income tax rates - which were due to move higher on January 1st - will now be extended for an … [Read more...]

FHA 3 of 4 purchases were by first-time home buyers- Benefiting the Bay area housing market

Image via Wikipedia FHA released its October Single Family Outlook report and it contains some interesting statistics. Here are the highlights: 75% of purchases funded were completed by first-time home buyers. This is the silver lining of the housing crisis. Thanks to low FHA mortgage interest … [Read more...]

More information on interest rates- if your brain isn’t full already

More information on interest rates- if your brain isn’t full already

"ACTIONS SPEAK LOUDER THAN WORDS." And this week, we saw a whole lot of loud action in the volatile financial markets...and also heard a lot of words, as the debate over the Fed's latest round of Quantitative Easing continued. Here's what you need to know about what was said...and what happened to … [Read more...]

The Fallout of QE2- Higher interest rates in the Bay Area

The Fallout of QE2- Higher interest rates in the Bay Area

After reaching the lowest levels in decades, mortgage rates have shot higher over the past two weeks. There is not a simple explanation for why this happened, but looking at the many factors which are influencing mortgage rates right now will help to understand what's going on. In short, when … [Read more...]