Pleasanton Mortgage Rate News- August 12, 2013

Highlights of economic news that influenced mortgage markets from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S. They indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending … [Read more...]

Bay Area Mortgage Rates and News This Week – July 15, 2013

Bay Area Mortgage Rates and News This Week – July 15, 2013

The Fed’s release of the minutes for the June FOMC meeting was the most noteworthy economic event last week; the minutes repeated the Fed’s recent statement concerning the wind-down of its current monetary easing policy. The minutes indicated that about half of meeting participants wanted to end … [Read more...]

What’s Ahead For Dublin, CA Mortgage Rates This Week – July 8, 2013

Last week Dublin saw a relatively quiet week due to the 4th of July holiday, but there were some housing-related developments: Monday: The Department of Commerce reported that overall construction spending increased by 0.50 percent in May to a seasonally adjusted annual rate of $874.9 billion. … [Read more...]

What’s Ahead For Pleasanton Mortgage Rates This Week – July 1, 2013

The past week was active for economic news and Bay Area mortgage rates. The aftermath of the Fed's indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs. If you're thinking of buying … [Read more...]

Caution Ahead- Bay Area Mortgage Rates This Week – June 24, 2013

Caution Ahead- Bay Area Mortgage Rates This Week – June 24, 2013

Comments by Fed chairman Ben Bernanke after Wednesday's FOMC meeting caused havoc and interest rates to spike in financial markets as investors anticipated the potential effects of any rollback of the Fed's policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing … [Read more...]

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

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

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 … [Read more...]

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 … [Read more...]

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 better your credit score the lower the mortgage … [Read more...]

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

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

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) released on Tuesday. The March HMI data for … [Read more...]

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

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

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 Street's downward forecast of -0.6 percent. Retail … [Read more...]