For the first time in a year, homeowners with adjusting mortgages are facing rising mortgage rates.
Options for Adjustable-Rate Mortgages in the Bay Area- Is it time to refinance
September 13, 2011 By
What’s Ahead For Mortgage Rates in Pleasanton : Week of June 20, 2011
June 20, 2011 By
Mortgage markets improved last week 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 damage.
Uncle Sam Giving Us a Break- Kind of
March 9, 2011 By
This year, federal income taxes aren’t due April 15.
Investment property loans- 5-10 financed properties
January 19, 2011 By
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!
The cause and effect of todays White House announcement- interest rates spike
December 7, 2010 By
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 additional two years. Also,… Read More
FHA 3 of 4 purchases were by first-time home buyers- Benefiting the Bay area housing market
November 29, 2010 By
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 rates and plunging home prices, buying a home is… Read More
More information on interest rates- if your brain isn’t full already
November 22, 2010 By
“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 home loan rates…. Read More
The Fallout of QE2- Higher interest rates in the Bay Area
November 19, 2010 By
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 investors look ahead, they see… Read More
Jobs- The affect on housing and interest rates in the Bay Area
October 11, 2010 By
“EVERYBODY’S WORKING FOR THE WEEKEND….” (Loverboy, 1981) Or… are they? Unfortunately, many folks out there these days sure wish they were working at all… and the Labor Department reported last Friday that the US lost 95,000 jobs in September. What else did the Jobs Report say and what could the news mean for home loan… Read More
