Nov
17

Weekly Interest Rate Overview

Posted In: First Time Home Buyers, For Buyers, Mortgage & Finance
Current Indices For Adjustable Rate Mortgages Updated November 13, 2009 Daily Value Monthly Value 6-month Treasury Security 0.16% 0.16% 1-year Treasury Security 0.32% 0.37% 3-year Treasury Security 1.36% 1.46% 5-year Treasury Security 2.28% 2.33% 10-year Treasury Security 3.45% 3.39% 12-month LIBOR 1.234% (Oct) 12-month MTA 0.544% (Oct) 11th District Cost of Funds 1.272% (Sept) Prime Rate 3.25% (Dec) Looking for [...]
Nov
05

First time homebuyer tax credit extended and expanded!

Posted In: First Time Home Buyers, For Buyers, For Sellers, Taxes
Home buyer tax credit extended, expandedSan Francisco Business Times – by Kent Hoover   The House of Representatives passed legislation Thursday that would extend and expand the tax credit for first-time home buyers. The provision was included in a bill that also extends unemployment benefits by an additional 14 to 20 weeks and lets all companies, not just small businesses, [...]
Nov
05

Foreclosure Update

Posted In: Economy, Foreclosures & Short Sales, General Real Estate News
thumbnail for Foreclosure Update
The number of mortgage default notices filed against California homeowners fell last quarter compared with the prior three-month period, the result of lenders’ evolving foreclosure policies, an uncertain legislative environment and an uptick in the number of mortgages being renegotiated, a real estate information service reported. “It may well be that lenders have intentionally slowed down the pace of formal [...]
Nov
03

Rate Watch Week of Nov. 2

Posted In: First Time Home Buyers, Mortgage & Finance
Rates moved up slightly again in the past week. Freddie Mac announced that for the week ending October 29, 30-year fixed rates averaged 5.03%, up from 5.00% the week before. The average for 15-year fixed rose to 4.46%. Adjustables were also up slightly with the average for one-year adjustables rising to 4.57% and five-year adjustables increasing to 4.42%. A year [...]
Nov
02

Home Prices in Southwest Berkeley Rise

Posted In: Berkeley, For Buyers, For Sellers, General Real Estate News, Local Market Statistics
Well, Berkeley is pulling it off once again.  While the rest of the nation continues to see prices decline, and see houses not sell, our little mecca is holding its own. This article, posted today in the Daily Californian, explains this further.  Several of my colleagues are quoted- kuddos to them for their part in this article.  Daily Californian By Melody [...]
Nov
02

Google just released…

Posted In: For the Heck of It, General Real Estate News, Web/Tech
thumbnail for Google just released…
Google just released their newest jolt: real estate search.  Listings can now be viewed on any Google Map by clicking on the “More” button, a position heretofore reserved for photos, transit information and other overlays.  Read the full post from Google here:  http://google-latlong.blogspot.com/2009/10/more-more-more-real-estate-in-google.html