by countyproperties | Sep 27, 2012 | Finance, Latest News, San Diego Real Estate
The Federal Reserve’s continued purchase of mortgage securities took the 30-year fixed-rate mortgage down to unchartered territory this week. The Freddie Mac survey showed the 30-year, FRM averaged 3.4% for the week ending Thursday, breaking through it’s...
by countyproperties | Sep 18, 2012 | Finance, Latest News, San Diego Real Estate
Higher-dollar mortgages that typically finance bigger, pricier homes, widely called “jumbo loans,” may be getting easier to obtain. Such loans became popular during the housing boom as home prices soared and lending guidelines were lax. But they petered...
by countyproperties | Sep 18, 2012 | Finance, Latest News
With rates for 30-year mortgages hovering below 4 percent since last October, all kinds of homeowners are trying to get their monthly mortgages reduced, say lenders and mortgage experts.Along with months of record-breaking low interest rates, other factors are driving...
by countyproperties | Jul 22, 2012 | Finance, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales, Short Sales
California Governor Jerry Brown signed into law yesterday the Homeowner Bill of Rights to help struggling Californians keep their homes. This law aims to avoid foreclosure where possible to help stabilize California’s housing market and prevent the other...
by countyproperties | Jun 16, 2012 | Finance, Latest News
Good news! Home equity in the first quarter rose to $6.7 trillion, the highest level since 2008, as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal. The 7.3 percent gain was the biggest...
by countyproperties | Jun 16, 2012 | Commercial Real Estate, Finance, Latest News
Commercial and multifamily mortgage debt outstanding rose $8.1 billion to $2.37 trillion in the first quarter, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association. The new figure is a 0.3% increase from...
