Posts Tagged 'Interest rates'

Housing Market Sizzles

As the Summer drags on, some housing markets in California and the US continue to sizzle. Flattery is a tried-and-true negotiating strategy, but some homebuyers in hot markets are coming up with unusual ways to win over sellers.

In markets where homes are selling at record rates, it’s common for buyers to include a personal note along with their offer paperwork. Usually that means a letter to introduce the seller to ...

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Shopping For a Mortgage? Ask…

You have many choices when applying for a home loan. Some lenders have begun advertising that they offer substantial credits to their customers — some in the $2,000 to $5,000 range. This is nothing new as we have been providing credits for closing costs since inception. To illustrate, we recently closed a customer’s $417,000, 30 year- fixed rate mortgage @ 4.25% and we credited the borrower over $8000 to offset ...

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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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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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Historic Housing Market and Mortgage Rates

Clearly the housing market is turning around as prospective homebuyers are taking advantage of close to record-low mortgage rates and lower home prices, encouraging signs the industry is healing after a multiyear slump. Solid gains in employment, easier access to credit and a reduction in foreclosures will be key to boosting the rebound allowing housing to become a major contributor to economic growth. The median price of an existing home ...

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