Kurt Galitski’s Life In Costa Mesa One Day Only! Back by popular demand! 1 Dozen Chocolate Dipped Fruit for just $10.00! When Costa Mesa’s Edible Arrangements did this promotion last year, the agents at Weichman Realtors couldn’t help picking some up for our clients and office! Due to the high demand, Edible Arrangements is bringing [...]
Here’s what’s happening and what it means to home loan rates:
What is happening and why? To put it bluntly, the passage of the payroll tax cut extension is being funded via a mandate to Fannie Mae and Freddie Mac (the nation’s largest providers of mortgage money) to increase their guarantee fees or “g-fee’s” by at least 10 basis points on the rate. So rather than giving a par rate of 4.00%, for example, the par rate is now increased by at least 10 basis points, or approximately 4.10%. But as you probably know…home loan rates are priced and offered in .125% increments, so this will most likely impact the consumer by .125% in rate. Whether you agree or not on the politics behind this cost being passed along to folks who are taking out mortgages, the Congressional Budget Office recently estimated that the increase will ultimately pay for about $35.7 Billion of the cost of the payroll tax extension.
Kurt Galitski’s Life In Costa Mesa Weichman Realtors Open House List for 1/21 and 1/22 Weichman Realtors Open House List for 1/21 and 1/22 Saturday- Janaury 21st, 2012 The weather calls for rain so grab a movie from your local Blockbuster and order some Haus of Pizza! Sunday- January 22nd, 2012 1680 [...]
A short sale has the same impact as a foreclosure. When the bank or lender reports your short sale to the credit bureaus, they generally treat both the foreclosure and the short sale as a delinquency. The credit bureaus, in turn, submit their information to Fair Isaac & Company, the people that compile the FICO [...]
There are many factors involved and many steps that will need to be taken to accomplish a successful VA short sale. If your mortgage is guaranteed by the Department of Veterans Affairs, and you are unable to sell it for the amount you owe on the loan, the VA may allow you to perform a [...]
In This Issue Last Week in Review:Consumers are feeling good, but how good was last week’s news?Forecast for the Week:It’s a holiday shortened week, but the economic calendar is full. News on manufacturing, inflation, and housing is ahead.View: Wondering what the housing trends for 2012 will be? Check out 11 trends we saw in 2011. [...]
Kurt Galitski Selected For “Orange County 2010 Real Estate Agents Who Provide Exceptional Service & Overall Satisfaction For Two Consecutive Years” Kurt Galitski of Costa Mesa, CA has been honored with a recognition by Orange Coast Magazine in its selection of “Orange County 2010 Real Estate Agents.” Costa Mesa, CA (PR NewsWire) January 17, 2012– Announcing [...]
OC Register, Jeff Collins January 13th, 2012 A former housing market skeptic has become a housing market booster, telling a gathering of real estate insiders Thursday that now is “a great time to buy a home.” Chris Thornberg, a former UCLA economist and a founding principal of Beacon Economics, once derided the National Association of [...]
