Southern California Real Estate & Mortgage Market Update 2015
By Teresa Tims, Teresa Tims
(TDR Mortgage & Real Estate Group )
Are you ready? Ready for rapid price appreciation? Multiple offers on homes again? Well if not get ready, it's in the making as I write this. There are many recent factors that will contribute to this; reduction of FHA Monthly Mortgage Insurance Premium, Introduction of 3% down programs, but most importantly RAPID interest rate decreases. Click on the Video to hear it all. These factors will contribute to increased real estate and mortgage activity in 2015. Later this year (not sure when exactly) they will come out with a "Stated" 10% down loan that will propel us into 2016 & 2017. If you are contemplating a purchase or "Move-Up" purchase, please do yourself a favor and do it now.