I am getting many updates from my favorite mortgage brokers about the changes to the qualifying factors that are about to come on Dec. 12th to the Fannie Mae and FHA world. I am also receiving updates from mortgage brokers I don’t have contact with, and some of the updates are inaccurate. To spell out the [...]
be sure to check out the last paragraph
http://www.nytimes.com/2009/11/20/business/20limits.html?_r=2&th=&adxnnl=1&emc=th&adxnnlx=1258823045-jkAzkd6FNo1zZNxkfMSHlA
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 a great mortgage broker to help decipher [...]
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 [...]
Chet Gohd, owner of RPM Mortgage Berkeley, has the following to say about the $729,750 loan amount, which is about to EXPIRE:
For some reason, there isn’t much press on this and the clock is ticking.
The main reason is that the loan amount of $729,750 is set to expire at the end of December (loans submitted [...]
A minute in the life of Berkeley Real Estate Agent and Business Coach, Krista Miller. Hold on tight and check back often! The real estate market in the East Bay is movin’ and shakin’ and will surely keep you on your toes…