California FHA information
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California Mortgage and Home loan Interest rate watch Video….
California Interest rates watch for 2-8-09
Hello this is you daily forecast of California Mortgage Interest rates for 2/5/10.
The FNMA 4.5% coupon is on the raise and the 10 years bond is down. You know what that means lower mortgage interest rates.
Lenders have already repriced for the better this morning, for the second day in a row.
Watch this California Interest [...]
Hello,
Yesturday there was a release from HUD. FHA loans are changing. After April 5, 2010 the up front mortgage insurance premium (UFMIP) is going up from 1.75% to 2.25%. What does that mean to you, the home buyers. For FHA home loan seekers this means more up front money. But [...]
Should I wait to buy or are housing prices going to drop more. Tha is the question. If you wait, what will interest rates do? Watch this video and see if it is worth it to wait. Oh ya, tax credits end April 30th, 2010.
Watch and you make the decision. [...]
So what is the answer? The answer is yes!!! FHA has recently changed is guidelines to say that is a borrower has a short sale they can get an FHA loan. But what is the catch? The catch is that you need to have been current at the time of the [...]
MBA or Mortgage Back Securities are at there lowest levels in 4 months. But I do not think they will hits there lows of August, due to governmental actions. However, the 10 year bond could be the difference maker. The 10 years is at it highest level since August too.
With all signs [...]
Hello,
Today mortgage interest rates climbed in the morning. This was due to good news on the economy. Retail sales were up again last month, up 0.9%. Import prices were up as well. This could be bad news for interest rates. If inflation goes up so do interest rates.
The 10 year [...]
Many people ask why FHA? FHA home loans have become all the rage for borrowers that do not have perfect credit or 10%,15% or 20% down.
Here is what FHA home loans offer:
**Ficos start at 640, this has recently been raised from 620
***FHA will allow 3.5% down payment. This down payment can be [...]