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Mortgage Applications Increase in May...

Last month, applications for Mortgage demand reached its highest point in nearly 3 months, due to falling interest rates. Surging demand to purchase and refinance homes helped fuel the biggest percentage gain in applications since March according to the Mortgage Bankers Association. The seasonally adjusted...
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Mortgage Rates Drop...

Source: CNBC.com Rates on fixed mortgages dipped this week after rising steadily over the last two months. Freddie Mac said Thursday the average rate on the 30-year mortgage dropped to 4.77 percent from 4.86 percent the previous week. It hit a 40-year low of 4.17 percent in November. The ...
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Mortgage Interest Deduction to End?...

In the midst of one of the worst financial restructuring to occur in the US. Our politicians think the time is ripe to end the Mortgage Interest Deduction. Potentially crushing the housing market even more. Its not just first time buyers who are helping buy the excess inventory, but well capitalized...
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Banks Push Jumbo Loans & Move Up Bu...

Over the last 6 months, the lending industry has increased the amount of Jumbo Loans (over $417,000) its originating.This is a big step towards stabilization of the fragile real estate market! When borrowers are able to take out large loans, they are more likely to buy something just a bit bigger, be...
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Mortgage Rate Update...

We have recently installed a new tool for buyers to use to help estimate their mortgage rates, closing costs, taxes, and more. Check it out! There are some helpful news and articles located @ the bottom. http://www.socalnewhomes.com/new-homes-resources/mortgage/
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Mortgage Rates Hit All Time Lows 4.3%...

30 year fixed mortgage rates hit all time lows recently, hopefully stimulating lending. With lending standards tight, qualifying is the key to home ownership. Read full article The MBA’s seasonally adjusted purchase index, a tentative early indicator of home sales, rose 1.4 percent.Average 30-Year...
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Mortgage Interest Deduction in Play...

http://www.cnbc.com/id/37153056 The Administration isn’t officially considering it, maybe not “actively” considering it, not even taking a side on it per se. According to “staff” it was just a “musing.” At a small conclave of reporters, no cameras allowed, the...
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Mortgage rates drop to lowest level this...

Alan Zibel, AP Real Estate Writer, On Thursday May 13, 2010, 1:38 pm EDT WASHINGTON (AP) — Mortgage rates fell this week to the lowest level of the year, as rates fell on U.S. government securities. Fixed mortgage rates closely track interest rates paid on long-term Treasury bonds. The average...
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Stock Market Slides, As Mortgage Rates S...

McLEAN, Va. – Rates for 30-year fixed mortgages have fallen to their lowest level in six weeks, Freddie Mac said Thursday. The average rate for 30-year fixed-rate mortgages was 5 percent this week, down from last week when it averaged 5.06 percent. A year ago, 30-year fixed rate mortgages averaged...
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Additional Underwater Buyers to Get Refi...

Despite the fact that government officials continue to tell me that mortgage “walkaways” (borrowers who voluntarily stop paying their mortgages because their loans are worth so much more than the value of their homes) are really not a big problem, today they extended the Home Affordable Refinance...

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