Archive for 'Mortgage Rates'

Another Opportunity to Refinance

Just a quick update… This past week has been very unusual for mortgage rates – Mortgage rates defied odds and edged down to the lowest point in seven months, even as some economic reports show that the U.S. economy is growing. Who knew.

For those of you who may have missed the opportunity to refinance last year, this is a good a time get your paperwork in order and lock in ...

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Refinancing Still an Option for Some

If you have been unable to refinance during the past 5 years due to a lack of equity, you may be able to do so now due to increases in home values over the past several years. Home prices in California rose in the past 12 months through August by the most in more than seven years helping boost owner equity.

Recently we refinanced several of our clients who, in the ...

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CA Housing Market Overheating?

Southern California home prices increased more than 28% compared to a year ago this time. The dramatic 28% plus jump was greater than any year-over-year increase during the housing boom and the most since January 1989. California’s median home price reached $400,000…$119,000 more than a year earlier, the highest dollar amount in more than five years. There are signs the fast pace of rising home prices won’t continue as mortgage ...

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Three Reasons to Refinance Now

If you are on the fence about refinancing, below are three good reasons you should consider:

Home Values:
Median values in California have increased rapidly this past year. The median home price of a Southern California home in May of 2012 was $280,000 but by May of 2013 it had increased to $368,000, a jump of 24%. Over the past year, about 2 million homeowners ...

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Market & Product Update (March 07, 2013)

The US housing market is in the midst of a robust recovery aided by low interest rates, pent up demand, an increase in cash buyers, low inventory and rising prices. It’s the perfect combination of factors we haven’t seen in a very long time. Home prices are up 14% in California and many areas are experiencing inventory drops of 50 to 70 percent. To compete in ...

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