Median Home Prices in Long Beach Rise Over 25 Percent in October
Long Beach median home prices in October rose 25.1 percent year over year in the most recent report released by PWR.net. The median Long Beach home price rose from $375,000 in October 2012 to $460,000...
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Mortgage Rates Rise Still Near Historic Lows
Average U.S. fixed rate mortgages rose for the second straight week amid some signs of an improving economy. Mortgage rates still remain near historically low levels. Mortgage buyer Freddie Mac...
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Mortgage Rates Fall Sharply Following Weak Economic News
U.S. rates on fixed mortgages declined last week after two weeks of increases, making home-buying more affordable. The average rate on the 30-year loan fell to 4.22 percent from 4.35 percent the prior...
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Los Angeles And Orange County Homebuyer Grants
Homebuyer grants typically are awarded based on a few criteria, primarily financial need and income qualifications. Unlike a loan or mortgage a grant does not have to be repaid. The Southern...
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Quitclaim Deeds: What You Need To Know
A quitclaim deed is the simplest way that one person (the grantor) can transfer property, such as a house, to another person (the grantee). It is often used among family members to remove or change...
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FHA Reduces High Balance Loan Limits Beginning In 2014
California has enjoyed FHA loan limits up to $729,750 in high cost Counties as a result of a temporary increase on conforming loan limits instituted in 2008. Temporary loan limits, known as high...
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Can We Expect Higher Interest Rates in 2014?
Record low mortgage interest rates are clearly in the rear view mirror now as 2013 comes to an end. The 3% interest rates of 2012 and early 2013 were a direct result of manipulation by the Federal...
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Conventional Fannie Mae Mortgage Costs Will Rise in 2014
We have more evidence that rates will top 5% in 2014. A pricing update issued by Fannie Mae on December 16th, 2013 announces across the board increases in fees to both lenders and consumers. Both...
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Pending Home Sales in February Rose to their Highest Level Since June 2013
Pending home sales in February increased to their highest level since June 2013, largely due to strong sales in the Midwest and West offsetting slower sales in the Northeast and South, as reported by...
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Freddie Mac Now Offering 3% Down Payments
Freddie Mac are now offering mortgages with down payments of only 3 percent — the first time they’ve been this low on the GSE’s loans in nearly five years. This move is expected to make more credit...
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