Alameda County Mortgage Report : May 10, 2010

May 10, 2010

Mortgage markets improved to their best levels of 2010 last week, aided by events half a world away and ongoing safe haven buying. Greece’s debt problems continue to help mortgage rate shoppers around the country.

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Alameda County Mortgage Report: May 3, 2010

May 3, 2010

Mortgage markets improved last week on tame inflation data, a benign statement from the Federal Reserve, and ongoing credit problems in Greece. The factors combined to drop conforming mortgage rates to their lowest levels in 6 weeks.

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Alameda County Mortgage Report: April 12, 2010

April 12, 2010

If you’re floating or shopping a loan right now, be wary of market volatility. Rates have been jumpy since April 1 and mortgage rates are changing quickly. This week, locking in before Wednesday may be your safest, near-term rate locking strategy.

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Alameda County Mortgage Report: April 5, 2010

April 5, 2010

Mortgage markets performed terribly last week as losses piled up day by day. It marked the second straight week of sell-offs.

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Short Sale Experts Kim and Kris Darney Discuss The New Federal Effort To Speed These Distressed Sales

April 3, 2010

From the April 3, 2010 edition of the Inland Empire Daily Bulletin: Feds aim to ease pain New U.S. program to start Monday Sandra Emerson, Staff Writer Created: 04/03/2010 07:08:53 AM PDT The program is part of the Home Affordable Modification Program, which was implemented in February 2009 to modify homeowners’ loans to avoid foreclosure. Both [...]

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Alameda County Mortgage Report: March 29, 2010

March 29, 2010

Mortgage markets tanked last week, raising rates to their highest levels in a month. Most of the losses occurred Wednesday in what was the worst 1-day mortgage market performance in more than 6 months.

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New Home Buyer Tax Credit In Dublin, Alameda County And California Signed Into Law

March 26, 2010

Watch this video for detail about the Home Buyer Tax Credit signed into law on March 25, 2010: Home buyers in Dublin, Alameda County and the rest of California should prepare to take advantage of this tax credit, which takes effect May 1, 2010. Remember, the tax credit only lasts until the program’s funding runs [...]

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Alameda County Mortgage Report: March 22, 2010

March 22, 2010

Mortgage markets closed unchanged last week, but that’s not say mortgage rates were calm. Monday through Wednesday, rates improved steadily before a swift, late-week sell-off unwound the gains. The speed of the Thursday-Friday reversal may signal that markets are preparing for change.

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A Simple Explanation Of The Federal Reserve Statement (March 16, 2010 Edition)

March 17, 2010

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent.

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Alameda County Mortgage Report – March 15, 2010

March 15, 2010

Mortgage markets worsened last week with little economic news to push markets in either direction. Momentum trading and rebalancing of portfolios drove mortgage rates higher, on average, for the first time this month.

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Dublin Homeowners – Are You Holding An Adjustable Rate Mortgage — It May Shift To 3 Percent Or Lower

March 11, 2010

If your mortgage is set to adjust this year, the smart move may be to let it. Today’s conforming mortgages are adjusting lower than ever before — as low as 3 percent. It may not be what you expected when you signed for your ARM several years ago.

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East Bay Home Buyers: 7 Weeks Left To Receive As Much As $8,000 In Tax Credits

March 9, 2010

In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of “move-up” buyers — homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There’s now just 7 weeks left to take advantage. To be eligible, home buyers must be under contract for a new home no later than April 30, 2010, and must be closed no later than June 30, 2010.

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Alameda County Mortgage Report: March 8, 2010

March 8, 2010

Mortgage markets improved last week in low-volume trading.

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Avoid These 7 Mistakes When Applying For A Mortgage

March 2, 2010

Here are 7 mistakes to avoid when you are preparing to get a home mortgage. These items can cause problems when you want to move forward with the loan approval process: 1) Don’t move money from one bank account to another. These transfers show up as new deposits and can complicate the application process, as [...]

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Alameda County Mortgage Report: March 1, 2010

March 1, 2010

Mortgage markets improved last week as economic reports painted a less-than-stellar portrait of the U.S. economy and concerns of a looming monetary policy change eased. Mortgage pricing improved dramatically, despite a late-Friday retreat.

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