ARCHIVED BLOG POSTS
2008
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Happy Thanksgiving! Good News for Home Buyers.The Government is buying up mortgage bonds which is sending the yields down = lower interest rates!We are nearing the all-time lows again!30 yr fixed conforming @ 5.375% ( under 417,000)30 yr fixed Jumbo Conforming @ 5.75% ( 417,000 - 546,250) http://...
11/28/2008
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WELL SOME GOOD NEWS FOR HOME OWNERS FOR THE HOLIDAYS Fannie Mae and Freddie Mac announced Wednesday that they are temporarily suspending foreclosures and evictions during the holiday season in an effort to keep people from losing their homes. QUOTE FROM BLOOMBERG: Nov. 20 (Bloomberg) -- Fannie Ma...
11/21/2008
Since the government began regulating Fannie Mae and Freddie Mac they have started a new program to put a stop to foreclosures in America. See article below from Barclay Capital. It is not a government bail out nor are tax payers being hit for this. The program pushes lenders to take a loss by a...
11/14/2008
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I was just advised by my in house lender that San Diego just got the short end of the stick here given the home prices have fallen so much over the year that it has dragged down the medium home price range thus HUD is only giving San Diego $546,250 as a max FHA loan limit now in 2009. Currently...
11/10/2008
