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property: Mortgage Rate Outlook - 06/16/09 09:12 AM
Mortgage Rate Outlook May 29, 2009 -- Bond and mortgagemarkets spasmed this week, andthe corresponding sharp rise inrates over a two-day period servedas a reminder that even a batteredprivate market markets can be adangerous animal. It wasn't completelyclear what sparked the rout,but there was speculation that acombination of unclear goals inFederal Reserve quantitative easingprograms, floods of new sovereigndebt and shoddy treatment of GMbondholders all led to the selloff.Yields on the 10-year Treasurybond had lifted by just over half apercentage point in a few days'time, taking conforming fixed mortgagerates along for the ride. Afterstanding at a familiar 5.03% onTuesday, Conforming 30-yearFRMs leapt … (0 comments)
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property: Santa Cruz County Home Sales Rise Ninth Month in a Row - 04/13/09 09:24 AM
Sales of single-family, re-sale homes were up, year-over-year, by 40.8% in March. Year-to-date, home sales are up 28.4%. The median price for homes fell 4.4% from February. The median price was down 36.5% year-over-year. The average price fell 6.9% month-over-month, and was off 34% compared to last March. Inventory was down 19.7% from last March. This is the eleventh month in a row inventory has declined year-over-year. Our Days of Inventory indicator dropped 45 days and is now at 223 days. In a balanced market, the supply of homes is usually around five to six months. For condos, the indicator was … (0 comments)
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property: American Recovery and Reinvestment Act Ups Loan Limits - 03/15/09 04:39 PM
The American Recovery and Reinvestment Act of 2009 reinstates last year's 2008 loan limits for FHA, Freddie Mac, and Fannie Mae loans. These limits were equal to the greater of 125% of the 2008 local area median home price or $271,050 for FHA and $417,000 for Fannie and Freddie, with an overall maximum cap of $729,750. For the few areas where the 2009 limits were higher, the higher limits will apply. In addition, the bill includes language providing the HUD Secretary with the discretion, if warranted, to increase the loan limit for any Hsub-areaI, i.e. an area smaller than a county. … (0 comments)
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Charles Lynn
Santa Cruz,
CA
More about me…
David Lyng Real Estate
Address: 2170 41st Ave., Capitola, Ca, 95010
Office Phone: (831) 464-0100
Cell Phone: (831) 247-4577
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