Category Archives: Mortgage Report

Top 5 Home Buying Trends for This Year’s Market

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If you’re in the market for a new house this year, don’t be fooled by the brisk chill in the air – the spring house-hunting season has just begun. That means now is the perfect time to start your planning. Space requirements such as bedrooms, bathrooms and square footage are… Read more »

Mortgage Report: Fall Abuzz With News

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The housing sector kicked off the fall season on firm footing. Home prices rose 6.4 percent in September 2015 compared to September 2014, according to CoreLogic’s Home Price Index Report. Sales of existing homes rose 4.7 percent in September from August, and they were also up nearly 9 percent from… Read more »

Fed Stands Firm

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September’s Federal Open Market Committee (FOMC) meeting left the Federal Funds Rate unchanged. The Fed Funds Rate—the rate banks use to lend money to each other overnight—does not directly affect home loan rates. However, when this rate increases, consumer rates or lines of credit may also increase, depending on market… Read more »

New CalHFA MyHome Assistance Program

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We are pleased to announce CalHFA’s new MyHome Assistance Program starting October 5, 2015. The MyHome program simplifies the loan process and maximizes affordability for eligible first-time homebuyers throughout California. Highlights of the MyHome program: • Up to 5% of the sales price or appraised value, whichever is less • May… Read more »