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Long Beach/Southern California Real Estate
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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 'conventional loans'
CalSTRS Loans Allow for 3% Down Payment
These are great loans for employees of the California public school districts or California community colleges--and, being a first-time buyer is not a requirement. This program is for any employee, and is not restricted to teachers only.The 80/17/3 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 ...
2009 FNMA and Freddie Mac Loan Limits Just Announced
Fannie Mae and FHA loans limits were "temporarily" increased to $729,750 in our market area as a part of an overall Economic Stimulus Plan. Well, those loan limits are due to sunset on December 31, 2008.The Federal Housing Finance Agency just announ...
Key Provisions in New Housing Bill
Trying to follow this new law? Like the thread under this little reader, it will take time to unwind and fully realize the impact on buyers, lenders and current homeowners.The Republicans most in favor of this new law were those whose districts are m...
FNMA: California No Longer a "Declining Market"
Since last December, California was named a "declining market" by FNMA ("FannieMae"), but in the spirit of its original mission under its 1938 creation under Franklin D. Roosevelt to "help those who house America", last Friday, May 16th, it removed t...
