Stavros and Jasmine bought a home in Martinez, CA with a Down Payment Assistance program they learned about from Rodil San Mateo. Stavros, a fire fighter with the city of Santa Rosa, originally planned to use a CalPERS program to help with their down payment until that program was suspended in December 2010.
Rodil suggested they use a program from the California Housing Finance Agency (CalHFA) which gave them a below market interest rate FHA loan and help with the down payment. Stavros and Jasmine used this program to buy a home for their family in March 2011.
(Double-click to enlarge video) Sharyl Silva with the California Housing Finance Agency (CalHFA) is interviewed by Rodil San Mateo (Land Home Finanical) and describes programs that help California home buyers with special loans and down payment assistance. CalHFA’s mission is to help low to moderate income first-time home buyers in California. Ms. Silva describes some [...]
(Double-click video to enlarge) Donna Topp, co-owner of UNITS East Bay mobile storage, describes their movable storage service. UNITS East Bay serves home owners and housing professionals in Alameda and Contra Costa counties. For more information, call 925-271-7801. Would you like your Tri-Valley business to be featured here? Call Rodil San Mateo at (925)-922-0470 to [...]
Beginning April 1, 2011, Fannie Mae is increasing its loan-level pricing adjustments. Conforming mortgage applicants should plan for higher loan costs in the months ahead.
According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher.
Mortgage markets improved this week as positive economic data was overshadowed by geopolitical strife. A flight-to-quality drove buy-side activity in mortgage bond markets, which, in turn, helped conforming rates fall.
Mortgage markets worsened last week on a turn-around in sentiment across the Eurozone. The sort of “safe haven” buying that had buoyed mortgage bonds since the New Year dissipated, and mortgage rates resumed climbing.
According to the Federal Reserve, a credit card balance of $5,000 at 23.99 percent APR won’t pay off for 16,127 years. That’s one reason why it’s important to manage your credit card rates, and renegotiate them whenever possible. Here’s how to do that.
Mortgage markets worsened last week as the U.S. economy showed additional signs of strength; and global demand for mortgage bonds slipped. Conforming mortgage rates rose for the fifth straight week.