Los Angeles Real Estate News: Mortgage Rates at Records Lows and HARP Extended to 2015
The Los Angeles real estate market is extremely active. Rising prices and low inventory have made for a very competitive environment in which buyers and sellers are often compelled to act decisively to get what they want and need.
Los Angeles Real Estate News: Mortgage Rates Headed for the Bottom?
In Los Angeles real estate news, mortgage rates have continued their descent that has lasted for a year and a half from what were already historic lows.
Number of Properties in the Foreclosure Pipeline Drop
In another positive sign for the housing market, the nation’s so-called shadow inventory of properties in the foreclosure pipeline fell by more than 10 percent in July from the same period a year before, CoreLogic reported Tuesday.
What Prospective Home Buyers Need for Pre-Approval
Not too long ago, it was quite common to do a ‘pre-qualification’ on a prospective home buyer – that term is more or less extinct in this market.Today, mortgage professionals with any kind of accountable work ethic must complete a pre-approval.
Mortgage Minute: Why Bad News Can Be Good for Home Loan Rates
It may seem odd that negative economic news can actually be good for home loan rates, but there’s a pretty simple explanation for this phenomenon.
Here’s a concise explanation you can share with your clients or you can use to gain a better understanding yourself:
Summer Mortgage Rates at All Time Lows – Still
With rates dropping and staying low the last few months, it doesn’t look likely that they’re ready to break quickly in one direction or another. Looks more and more like rates are just really low, really sideways, and will take…
Looking at What Drives Interest Rates
Well we all hear it everywhere we go,”Interest rates are low” and when most people when this they think, I want that rate! However, it is important to know that many different factors can cause rates to be different for almost every individual.
Do Multiple Credit Inquiries Ding your FICO Score?
Do multiple credit inquiries ding your FICO score? That is one of the most commonly asked question I get in the beginning of the loan process. The answer here may surprise you.
I’ll tell you upfront that yes, racking up lots of inquiries can have a negative impact on your credit rating. However, the very good news is, mortgage inquiries are treated differently.
Self Employed? 2011 Tax Return? Home Loan? What Do These 3 Things Have in Common?
Self Employed? 2011 Tax Return? Home Loan? What do these 3 things have in common and why is it so important?
It’s that time of the year when you are filing your 2011 tax return and wanting to buy a new home. What most people don’t know is that if not handled properly, you may need to wait a few months after filing the return before you can buy. Let me explain.
Loans Loosening and Tightening: Lenders Offering Second Loans Shows Confidence in the Market
Current trends show that lenders have confidence in the market, which is an extremely promising sign. We now have a new lender that has just announced they will be doing second mortgages again, which will help a lot of people get into their dream home this year.
