Corona California Homes and More!

FHA to toughen rules for borrowers The Federal Housing Administration (FHA) is proposing raising minimum credit scores for borrowers who receive FHA-backed mortgages, increasing down payment requirements, and limiting the amount of money sellers can provide toward closing costs. The proposed changes are part of an effort to shore up the ...

Starting July 30, 2009, if the APR on an initial Good Faith Estimate is no longer accurate (within a 0.125% range) at close of escrow, a lender must generally provide a residential borrower with a new disclosure and a three-day right to rescind before consummating the loan. REALTORS(R) are forewarned that, because of this new three-day waiting ...

Pending US Home Sales Surge Pending US home sales skyrocketed to their highest number in 7 years, a sure sign that the bottom is forming and that bargain seekers have arrived.  The National Association of Realtors reported that its seasonally adjusted index of sales contracts signed (the Pending Home Sales Index) jumped 6.7% to 90.3, well ...

Freddie Mac says housing sales are near bottom Frank Nothaft, chief economist of Freddie Mac, said on Saturday that housing sales are nearing a bottom, with foreclosures accounting for a third of all sales.  But you knew there's a "but" coming, right?  Yup...Nothaft added that unemployment and house price declines will ...

Did you know that a law was just passed that would help many home owners avoid foreclosure? Called the Housing and Economic Recovery Act of 2008, this is one of the boldest and broadest pieces of legislation related to the real estate market since the great depression. As part of this law, the government will give you a tax ...

Interest Rates are Great! 30 Year Fixed  5.52% 15 Year Fixed  5.03% 5/1 Arm          5.26% 30 Year Fixed Jumbo  6.49% 5/1 Jumbo Arm 5.72% Thank You to Bankrate.com for providing the rates! Have you heard the news? Bank owned foreclosure homes are HOT! Homebuyers know these ...

Welcome to our first update of the New Year! Interest Rates are Great! 30 Year Fixed  5.66% 15 Year Fixed  5.17% 5/1 Arm          5.41% 30 Year Fixed Jumbo  6.66% 5/1 Jumbo Arm 5.92% Thank You to Bankrate.com for providing the rates! Want a house for the New Year? It is time ...

Interest Rates are Great! 30 Year Fixed  5.80% 15 Year Fixed  5.36% 5/1 Arm          5.55% 30 Year Fixed Jumbo  6.70% 5/1 Jumbo Arm 6.05% Thank You to Bankrate.com for providing the rates! Want a house for the New Year? It is time to shop. There are a lot of homes on the market ...

Interest Rates are Great! 30 Year Fixed  5.81%15 Year Fixed  5.39%5/1 Arm           5.62%30 Year Fixed Jumbo  6.71%5/1 Jumbo Arm 6.10%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy weekend! Liane Thomas, REALTOR(R) Keller ...

Interest Rates are Falling! 30 Year Fixed  5.62%15 Year Fixed  5.19%5/1 Arm           5.55%30 Year Fixed Jumbo  6.60%5/1 Jumbo Arm 5.98%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy weekend! Liane Thomas, ...