Posted in Marin Real Estate, Mortgage on May 25th, 2008
Have a home equity line of credit you were planning on taking money out of for an upcoming remodel, home purchase, or other need? It may not be there when you need it!
Sofia Nadjibi, Mortgage Broker at Union Trust Mortgage in Marin County gave me some words of wisdom to pass on to my [...]
Posted in Marin Real Estate, Mortgage on May 10th, 2008
Starting to think about buying a house in beautiful Marin? You probably start your search on the internet. You start looking at what homes are selling for, doing your initial research to see what you can afford, you might even call a realtor.
You aren’t really ready to look seriously for a home, just [...]
Posted in Marin Market Trends, Marin Real Estate, Mortgage on Mar 18th, 2008
Can you say volatility with a capital V? The Federal Reserve cut rates today by 3/4 of a percent in an effort to aid the U.S. economy. This is no surprise in the wake of the Bear Stearns financial crisis, coupled with everything everything else going on in the market. The Fed [...]
Posted in Marin Real Estate, Mortgage on Feb 8th, 2008
Both houses in the Congress have approved the economic bill which includes an increase in the conforming loan limit. The bill is set to go to President Bush, and is expected to be signed by Feb 15. The bill includes a one-year increase in the conforming loan limit to $625,000 nationwide and up [...]
Posted in Marin Real Estate, Mortgage on Jan 31st, 2008
The Fed dropped rates another half percent yesterday. “Today’s policy action, combined with those taken earlier, should help to promote moderate growth over time and to mitigate the risks to economic activity,” the Federal Open Market Committee said in a statement Wednesday.
Does this mean home mortgage rates will drop? NOPE! As I have explained before, [...]
Posted in Marin Real Estate, Mortgage on Jan 26th, 2008
The economic stimulus package being discussed by Congress and the President may have a huge benefit to Marin home buyers and current Marin homeowners. In addition to tax rebates, another element of the package offers to increase the limit on Federal Housing Administration (FHA) loans and loans that Fannie [...]
Posted in Marin Real Estate, Mortgage on Jan 24th, 2008
Mortgage rates dropped on Tuesday, and went right back up, higher yesterday than when they started Tuesday morning. Some lenders had 3-4 interest rate changes yesterday - during the same day! Conforming rates were up 3/8 of a percent. Some lenders stopped locking in rates because of the fluctuations.
Expect to see more [...]
Posted in Marin Real Estate, Mortgage on Jan 23rd, 2008
Yesterday the Fed made a drastic move and cut the Federal fund rate by 0.75%. With this rate many people expected rates for home loans to drop substantially. Not the case… The fed rate cuts do not directly impact mortgage interest rates, but it does impact homeowners with equity [...]
Posted in Mortgage on Sep 21st, 2007
As expected, the Fed lowered the Federal fund rate on Tuesday. It also cut the discount rate by 50 basis points - this was not expected. This move shot a healthy dose of confidence in Wall Street causing stock prices to soar. So what does it mean to the mortgage market?
On the [...]
Posted in Mortgage on Sep 9th, 2007
Ever wonder how your credit score compares to the rest of the U.S.? Seattle Real Estate expert Ardell DellaLoggia has some great information about Average Credit Scores in the United States. She has nationwide charts as well as scores broken down by age group.
Interestingly enough, credit scores go up as people age.
Check [...]
