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Drop in mortgage rates caused a huge surge in demand

by arnielevine | Jun 14, 2024 | Finance, Mortgage Rates, Real Estate news

Total mortgage application volume surged nearly 16% compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less)...

August home sales and price notch higher amid temporary rate retreat then were raised recently by the feds

by arnielevine | Sep 22, 2022 | Mortgage Rates, Real Estate news

Existing, single-family home sales totaled 313,540 in August on a seasonally adjusted annualized rate, up 6.1 percent from July and down 24.4 percent from August 2021.August’s statewide median home price was,$839,460 up 0.7 percent from July and up 1.4 percent...

It’s True! Down Payment & Closing Cost Assistance It’s Really here!

by arnielevine | May 23, 2019 | Mortgage Rates

CalHFA Down Payment Assistance = up to 3% Closing Costs = up to 5% or Apply for Both! Veterans: You, too, can apply for Closing Costs! Single Family Homes or Condos only, primary residence Conventional and FHA loans, VA for closing cost assistance Income limits to...

Yes it had to eventually happen!

by countyproperties | Dec 9, 2010 | Current Affairs, Latest News, Mortgage Rates

RATES RATES RATES….. Freddie Mac released today, 12/9/2010 that Mortgage rates haven risen for the fourth consecutive week, see Primary Mortgage Market Survey. 30-year fixed-rate is at 4.61% for the week ending Dec. 9, up from 4.46% last week. current rate is...

Do you think we have reached our lowest interest rate for mortgages?

by countyproperties | Jun 25, 2010 | Latest News, Mortgage Rates

Unbelievable! Home buyers must take advantage of these low rates and affordable home prices! “Mortgage rates slumped to record lows this week, Freddie Mac confirmed Thursday, with lenders on average offering 4.69% on a 30-year fixed-rate loan. The average rate...

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