LeadPress Comments Latest LeadPress Posts LeadPress Sitewide Activity LeadPress Sitewide TagsAnother very good day for interest rates. FNMA 4.5% finished up +25bp to the highest level in weeks. California mortgage rates took notice, with a lowering of interest rates mid-morning. Interest rates continue to drop over the last 2 days.. Watch out for Monday. If financial indicators continue to be [...]
California Home Buyers, mortgage and home loan seekers.
Fannis Mae is offering to pay 3.5% toward closing costs for you. What a great idea.
What are the guidelines?
Well, they are offering 3.5% if you buy one of the foreclosured Home Path properites.
These incentives are offered on their forclosures til May 1, 2010. Go to http://www.Homepath.com [...]
Rate WatchInterest rates have been in neutral for much of the day. With a narrow trading range. However, all points are looking toward higher rates. It may not be this month or next , but it is coming.
Consumer spending is up, payroll is up and stock are liking this trend. [...]
So what have California mortgage interest rates been doing over the last week?
California home buyers and refinancers, mortgages have moved very little in the last week, but they have moved. In fact they have moved for the better. Over the last week California interest rate have dropped on a 30 year fixed form [...]
Interest rates ended the week with 3 days of increases. There was some better than expected economic news. MBS(mortgage backed securities)moved lower forcing lender to increase interest rates, thus increasing mortgage costs.
The retails sales report measures the monthly reciepts of both durable and non-durable goods. An increase in retail sales would lead [...]
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 [...]
Buyers Total Cost Check out this little Video on the buyers total cost Analsys. It really breaks down payments and costs. Awesome Tool.
So you have decided to take advantage of the down market and buy a home or you need to refinance. But you do not know who to get your mortgage through. Should I go to a Mortgage broker or just go to the bank? What is the difference?
A mortgage banker is a direct lender. They [...]
Mortgage Total Cost Analsys