Mortgage & Finance

This category contains 49 posts

3% Down Payment?

3% down payments are back!  In order to help low-income and first time home buyers Fannie Mae and Freddie Mac will begin backing these types of loans.  What do you think? Do you think this will set up the coming of another housing bubble or have borrowers learned not to borrow more than they can […]

High Rental Rates Equal Higher Mortgage Rates?

High rental rates near BART don’t necessarily equal higher mortgage rates.  KQED recently posted this cool albeit somewhat depressing map showing you where you can find an affordable 1 bedroom near BART.  While this may be hard to look at from a renter’s point of view, we need to remember that owning closer to BART […]

Sean O’toole’s California Forecast for 2013

Interesting article from www.foreclosuretruth.com http://www.foreclosuretruth.com/blog/sean/california-forecast-for-2013-more-of-the-same-save-the-black-swan/#comments I actually agree with most of this article, with my key thoughts being: In our neck of the woods trustee sale investors (think large suitcases full of cash on the courthouse steps) are seeing more competition but still finding amazing deals.  Most are not banking on large ROI’s anymore, just […]

Mortgage Forgiveness Debt Act Extended!

Hear ye hear ye! The Federal Mortgage Forgiveness Debt Act Extended Through 2013! The Mortgage Forgiveness Debt Relief Act of 2007 that was set to expire on December 31, 2012, was extended through January 1, 2014. What that means is that mortgage debt that is forgiven as part of a debt restructuring agreement will not […]

Today’s Rates – Lowest In One Mortgage Broker’s 15 Year History

This information just came in from a local mortgage broker that I work with: Here’s a quick snapshot of interest rates for today, September 26:  30 year fixed, no prepayment penalty, loans of $417K balance or less with 20% equity in home: 3.125%, 0 points 3.0%, .75 points 15 year fixed, same as above: 2.875% […]

Welcome to East Bay Living Real Estate

Hi friends! We are Krista + Rosie, the brains behind the East Bay Living website. Powered by Berkeley Hills Realty we are a top producing real estate team working {and having fun} in Berkeley, Oakland and the surrounding areas. From buying + selling to DIY + home decor to plumber + gardener recommendations we are your one-stop-shop for all things real estate.

Recent Posts

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