Mar
05

Rate Watch 3/5/09

Posted In: Mortgage & Finance, Uncategorized
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30 Year Fixed Conforming: 5.375%/5.411%APR 30 Year Fixed Agency-Jumbo: 5.625%/5.742%APR 15 Year Fixed Agency-Jumbo: 5.000%/5.194%APR 5 Year Fixed Conforming (1 Point): 4.375%/4.483%APR 5 Year Fixed Int.Only Conforming (1 Point): 4.490%/4.502%APR
Feb
18

Details from the Stim Plan

Posted In: First Time Home Buyers, General Real Estate News, Mortgage & Finance, Taxes
Just signed into effect…thanks go out to Chet Gohd, RPM Mortgage in Berkeley, for helping to navigate through the details.  Here is what matters to you: “There’s a nice windfall for some homebuyers in the economic stimulus bill awaiting President Obama’s signature on Tuesday. First-time buyers can claim a credit worth $8,000 – or 10% of the home’s value, whichever [...]
Feb
12

Investor Mortgage Programs

Posted In: Investing, Mortgage & Finance
This just in from Chet Gohd, mortgage broker extraordinaire, and owner of RPM Mortgage in Berkeley. “I’ve just heard some exciting news and thought I’d pass it along. Fannie Mae, who buys most of the loans which are placed up to $625,500, has just announced that they will be lifting the restrictions for Investor buyers. Currently, there is a maximum [...]
Jan
28

Rate Watch For The Week of 1/26/09

Posted In: Mortgage & Finance
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  CONFORMING (under $417k) 30 Year Fixed, No Points    5.125% 30 Year Fixed, 1 Point        4.75% 30 Year Fixed, 2 Points      4.25% 5 Year Fixed, No Points     5.25% 5 Year Fixed, 1 Point         5.0% 5 Year Fixed, 2 Points       4.75% 7 Year Fixed, No Points     5.375% 7 Year Fixed, 1 Point         4.125% 7 Year Fixed, 2 Points       4.875% CONFORMING JUMBO ($417k – $625k) 30 [...]
Jan
10

Contra Costa County Homeowner Repair Loans

Posted In: El Cerrito, General Real Estate News, Home Improvement, Home Maintenance, Kensington, Mortgage & Finance, Richmond
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          Did you know that there are programs out there to help low-income homeowners fix up their homes?  In Contra Costa County there is a program called the Neighborhood Preservation Program which is operated by the CCC Building Inspection Department.  The program, created in 1975, makes loans to very-low and low-income homeowners to help fix up [...]