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  • It Is Getting Harder to Buy a House

    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 ...
    Posted to Corona Market Update (Weblog) by 278262 on December 8, 2009
  • Changes in Home Loans May Affect You

    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 ...
    Posted to Corona Market Update (Weblog) by 278262 on July 17, 2009
  • Do you qualify for an FHA loan?

    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 ...
    Posted to Corona Market Update (Weblog) by 278262 on April 26, 2009
  • Interest Rate Snapshot April 03, 2008

    Interest Rates are Great 30 Year Fixed  5.81% 15 Year Fixed  5.36% 5/1 Arm          5.59% 30 Year Fixed Jumbo  7.14% 5/1 Jumbo Arm 6.31% Thank You to Bankrate.com for providing the rates! Rates are subject to change and are based on several scoring factors including buyers' ...
    Posted to Corona Market Update (Weblog) by 278262 on April 3, 2008
  • Interest Rate Snapshot January 25, 2008

    Interest Rates are at 4 year lows! 30 Year Fixed  5.42% 15 Year Fixed  4.89% 5/1 Arm          5.00% 30 Year Fixed Jumbo  6.51% 5/1 Jumbo Arm 5.49% Thank You to Bankrate.com for providing the rates! Can you believe these great rates?? If you are planning to buy a home in the ...
    Posted to Corona Market Update (Weblog) by 278262 on January 25, 2008
  • Interest Rate Snap Shot January 18, 2008

    Interest Rates are Great! 30 Year Fixed  5.43% 15 Year Fixed  4.93% 5/1 Arm          5.14% 30 Year Fixed Jumbo  6.48% 5/1 Jumbo Arm 5.62% Thank You to Bankrate.com for providing the rates! Can you believe these great rates?? If you are planning to buy a home in the ...
    Posted to Corona Market Update (Weblog) by 278262 on January 18, 2008
  • Interest Rate Snapshot January 14, 2008

    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 ...
    Posted to Corona Market Update (Weblog) by 278262 on January 14, 2008
  • Interest Rate Snapshot January 7, 2008

    Interest Rates are Great! 30 Year Fixed  5.57% 15 Year Fixed  5.11% 5/1 Arm          5.36% 30 Year Fixed Jumbo  6.61% 5/1 Jumbo Arm 5.89% Thank You to Bankrate.com for providing the rates! Have you heard the news? Bank owned foreclosure homes are HOT! Homebuyers know these ...
    Posted to Corona Market Update (Weblog) by 278262 on January 7, 2008
  • Interest Rate Snapshot December 31, 2007

    Interest Rates are Great! 30 Year Fixed  5.84% 15 Year Fixed  5.38% 5/1 Arm          5.55% 30 Year Fixed Jumbo  6.73% 5/1 Jumbo Arm 6.06% 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 ...
    Posted to Corona Market Update (Weblog) by 278262 on December 31, 2007
  • Interest Rate Snapshot December 27, 2007

    Interest Rates are Great! 30 Year Fixed  5.91% 15 Year Fixed  5.46% 5/1 Arm          5.63% 30 Year Fixed Jumbo  6.76% 5/1 Jumbo Arm 6.11% 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 ...
    Posted to Corona Market Update (Weblog) by 278262 on December 27, 2007
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