In This Issue Last Week in Review: The Jobs Report for April is in, but what did the news reveal about our economy? Forecast for the Week: A quiet week is ahead, but an important inflation report will be released. View: If you’ve ever forgotten the name of an important colleague or client, have no [...]
Home prices are up in 27 OC Zip Codes! Check it out… OC Register; For the 22 business days ending March 7 — Data-Quick’s freshest stats — the Orange County real estate market had home-buying patterns showing: 27 of O.C.’s 83 ZIP codes with gains in their respective median selling price. Overall, buyers’ prices were [...]
For the week of Mar 19, 2012 In This Issue Last Week in Review:It was a tough week for Bonds and home loan rates. Find out why.Forecast for the Week: Housing data dominates the headlines, with news on Existing and New Home Sales, Housing Starts, and Building Permits. View: If you ever need to rent [...]
Here is the latest edition of the Market Trends for Costa Mesa and South Coast Metro. In it you will find information on: Average Listing Price One way to understand where the market is heading is by examining whether home sellers are increasing what they want for their home. Click here for more Average Price [...]
January’s Pending Home Sales Index reading lifts the monthly metric to its highest level since April 2010
Getting prequalified for a home loan is an essential first step in the buying process. Find out exactly how much home you can afford based on your income, debt, and other factors. It can also help you lock in a good interest rate and it puts you in a stronger bargaining position with the seller once you find the home you want.
Laguna Niguel listings: 35% distressed homes By JONATHAN LANSNER, OC REGISTER, 1/31/2012 Home-buying in Laguna Niguel sped up 14% in two weeks — with one-third of the local listings being distressed homes. Here’s what the latest report — as of January 19 — details about Laguna Niguel … Real estate for sale in Laguna Niguel [...]
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.
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 [...]
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. [...]
