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 ...

So we had the joy of sitting with a really great couple over the weekend. This husband and wife were reviewing an offer that came in over the weekend on the home we are selling for them. We got to the part about the buyers loan, and they were really surprised how easy it was for this first time home buyer to finance their home. The buyer is ...

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 ...

Interest Rates are Falling! 30 Year Fixed  5.91%15 Year Fixed  5.47%5/1 Arm           5.52%30 Year Fixed Jumbo  6.58%5/1 Jumbo Arm 5.99%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy Thanksgiving week! Liane Thomas, ...

Interest Rate Snapshot November 9, 2007Loading Posted November 9, 2007Interest Rates are Great!30 Year Fixed  5.97%15 Year Fixed  5.57%5/1 Arm           5.58%30 Year Fixed Jumbo  6.57%5/1 Jumbo Arm 6.03%Thank You to Bankrate.com for providing the rates!Did you know there is a ...

As announced on Wednesday October 31, the Federal Reserve cut its benchmark interest rate by a quarter percentage point! What a wonderful Halloween treat for homeowners and investors! What does this mean to you? If you have a revolving HELOC, it has been at 7.75%. As of now it has dropped to 7.50%, and you didn't have to ...

Posted October 29, 2007Interest Rates are Falling!30 Year Fixed  5.89%15 Year Fixed  5.49%5/1 Arm           5.59%30 Year Fixed Jumbo  6.53%5/1 Jumbo Arm 6.02%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy week! Liane Thomas, ...

Posted October 26, 2007Interest Rates are Falling!30 Year Fixed  5.87%15 Year Fixed  5.48%5/1 Arm           5.58%30 Year Fixed Jumbo  6.53%5/1 Jumbo Arm 6.01%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy weekend! Liane ...

Posted October 22, 200730 Year Fixed  5.96%15 Year Fixed  5.57%5/1 Arm           5.67%30 Year Fixed Jumbo  6.63%5/1 Jumbo Arm 6.21%Thank You to Bankrate.com for providing the rates!Thank you for visiting, and have a safe and happy week! Liane Thomas, REALTOR(R) Keller Williams ...