New Lending Guidelines!

New Lending Guidelines!

Lenders are beginning to accept applications under the new HARP 2 rules – there is no loan-to-value limit on HARP refis for borrowers who have fixed-rate mortgages (if you are underwater this is GREAT news). Here is a brief overview of HARP 2’s guidelines:...

Positive news in the equity markets

    The stock market was up again this week and with that mortgage rates increased slightly as well. That being said, interest rates remain extremely low and if you are considering refinancing or purchasing a new home rates in the 3’s and 4’s won’t last...
The stock market rallied…

The stock market rallied…

This week in the market: during the week which resulted in a slight mortgage rate increase from last week’s all time lows as Investors grew more optimistic about US economic growth and less concerned about the European debt situation. In addition, the FOMC Minutes...
Mortgage Market

Mortgage Market

Mortgage markets improved last week on a weak jobs report, expectation for new market stimulus, and growing evidence of a global economic slowdown. Overall, conforming mortgage rates in California improved for the first time in 3 weeks. On a product-by-product basis,...

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