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Information and commentary to keep buyers and sellers up on the Southern California and Long Beach area real estate.
Recent Posts Tagged With 'Interest rates'
The Cost of Waiting to Buy Revisited
Six months ago (they've passed quickly), I covered this topic via an article by Pat Zaby complete with payment scenario.Last week's upset in the Treasury bond market , a more complex subject, ultimately sent mortgage interest rates up, with higher p...
Lowest Interest Rates in 50+ Years
The e-mails from the lenders are pouring in to my inbox this morning. As of this morning, the 30 year fixed Fannie Mae Rate (conventional loans) is now 4.375%, and the FHA 30 year fixed is 4.750%!!! Even Jumbo 30 year fixed rates to $3 million are ...
How Today's Rate Cut Affects You
Quote of the day:"Long-term rates, such as those for mortgages, don't respond directly to the Fed's short-term rate moves. Sometimes, mortgage rates move in the opposite direction when the Fed reduces the federal funds rate. But more often than not, ...
What Does the Rate Cut Do For You?
Whenever the Federal Reserve increases or decreases rates as it did today, it means different things for different people. The winners will be people with good credit scores because the better your score, the better interest rate you receive. This me...
Selling Price is Not the Whole Story
With this week's low interest rates, the opportunity to buy is better than ever. Did you know a half-point drop in your interest rate makes a huge difference on your monthly payment? Let's say you are taking out a $300,000 mortgage, and you have been...
Interest Rate Freeze on Adjustable Rate Mortgages
More to follow, but today's news, and it should be good news for many people, is that rates for loans initiated January 1, 2005 through July 30, 2007 will stay put. If your rates were scheduled for a "reset" between January 1, 2008 and July 31, 2010,...
10 Biggest Buyer Mistakes
If thoughts about buying are holding you back, take a look at my presentation by clicking on the title (you can even leave your comments there if you want), then ask yourself what would it take for you to take that step. Would saving money do the tr...
Buyers: There's No Time Like Right Now
Real estate supply and demand goes in cycles, it always has. Sales are down, inventory is up past the 6 month level, but what else is happening? Interest rates are creeping up, and there are no predictions for any decreases by the Federal Reserve on...
