Things a Buyer Should Know

Things a Buyer Should Know This could be a lengthy list since there are so many things buyers should know.  Let's focus briefly on one that is truly time-sensitive.  That's the Home Buyers Tax Credit.  The credit applies both for first-time buyers and for move-up buyers.  There are of course, specific requirements that apply to … Continue reading Things a Buyer Should Know

Fewer homeowners see home values falling

Fewer homeowners see home values falling.  A recent report shows that one in five U.S. homeowners owed more on their mortgage than their home was worth in the fourth quarter; however, California’s housing market is bucking the national trend and is telling a different story. KEEP THIS IN MIND Although the report by Zillow.com claims that the … Continue reading Fewer homeowners see home values falling

Mortgage Rates Rise in Response to Wind-Down of Federal Support

2009 saw historically low mortgage rates.  Early last year, the Federal Reserve announced plans to purchase debt and mortgage-backed securities from Fannie Mae and Freddie Mac to lower interest rates for consumers and spur homebuying.  As a result, rates on 30-year, fixed mortgages fell to historic lows. 2010 rates are expected to rise because the Fed’s … Continue reading Mortgage Rates Rise in Response to Wind-Down of Federal Support