Posts Tagged '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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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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Mortgage Rates On The Move

As is often the case, good economic news translates to interest rate increases. An upbeat market decreases the demand for less risky investments such bonds which, in turn, drives up the yield on mortgage rates. Declining unemployment (8.3% nationwide) and the future meeting of political leaders to draft a bailout package for Greece appear to be the two main reasons why the stock market and interest rates have been on ...

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Energy Efficient Mortgages….

Before we delve into Energy Efficient Mortgages (EEMs), I want to briefly highlight our service, competitive rates & fees. Due to strict new Loan Officer compensation and regulatory rules, many lenders suffered a 66% drop in profitability in the first quarter pushing them to drastically reduce staff and costs to remain profitable. We continue to follow our strong business model of keeping overhead costs extremely low and in turn passing those ...

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