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 [...]
Posted in Mortgage on Aug 23rd, 2007
40,000 job lost in the blink of an eye. It is incredibly sad to see so many jobs lost. This article in SFGate is an excellent summary of what has happened this year. The construction industry has lost 20,000+, and the National Association of Realtors reports declining membership as well.
Some of these [...]
Posted in Mortgage on Aug 17th, 2007
Have an adjustable rate mortgage that will be reset within the next 12 months?
Get a mortgage check up sooner rather than later. Actually, call a mortgage broker NOW.
According to Sofia Nadjibi, a mortgage broker with Union Trust Mortgage, borrowers struggling with monthly payments now might be shocked to know that monthly payments can [...]
Posted in Marin Market Trends, Mortgage on Aug 17th, 2007
As discussed in “Should You Buy, Should You Sell? Part 1“, choosing to buy or sell in Marin County does not have a blanket answer. Volatility in the mortgage industry is definitely impacting the Marin real estate market. Some areas of Marin are being hit harder than others.
How does it impact [...]
Posted in Marin, Marin Market Trends, Mortgage on Aug 17th, 2007
The mortgage market is definitely on shaky ground and it is impacting the real estate market- even in Marin County. So, should you buy, sell or hold? This is a great question without a blanket answer.The news reports indicate that the market is going to tank, but they often paint a wide doom [...]
Posted in Mortgage on Aug 12th, 2007
What should I do if my lender goes out of business? Who do I make my payments too? These are great questions that I have been asked this week.
So what do you do?
Make your payment as usual. Often times, the person you make your payment to is the company servicing the loan, [...]
