Check out this video by Frank and Brian at The National Real Estate Post. They make light of creepy stalkers during open houses but this is pretty serious stuff! Stay safe.
Latest San Diego Mortgage News
The U.S. economy is improving, employment is growing and home prices are recovering, but first-time homebuyers are not returning to their normal, historical levels of homeownership. The percentage of these buyers fell to the lowest level in nearly three decades: 33% this year, down from 38% a year ago. The long-term average, dating back to […]
Mortgage interest rates bumped back over 4% last week, causing a drop in mortgage applications to refinance and purchase homes. Application volume fell 6.6% from the previous week, on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA). Refinance applications were off 7% week-to-week, after soaring in previous weeks, thanks to lower interest rates. […]
San Diego ranks as the fourth most expensive city for housing in the U.S. – which probably doesn’t come as a surprise to most of us that live here! The Bureau of Labor Statistics recently released a report that examines housing costs before, during and after the Great Recession. Adding up expenditures like furnishings, utilities, […]
If you’ve applied for a loan in the past few years, you’ve seen how strict the standards are now for qualification. Well, the good news is that you’re not alone. Ben Bernanke, former chair of the Federal Reserve, tried to refinance his mortgage recently. He was rejected. Bernanke reportedly told Mark Zandi of Moody’s Analytics at a […]