Buyer’s Tip of the Week - Don’t open any credit when in the process of buying!
Fannie Mae and Freddie Mac have instituted new lender standards which require a credit report to be pulled for the period 120 days prior to the date of the mortgage application and up to 90 after the date of the application. Any inquiries or new credit may cause a flag to be raised and could potential cause the lender to re-evaluate the conditions of the loan costing you more money or even denial of the loan.
The mortgage rate for today is 5.11% with .28 pts as compiled by HSH Assoc, Financial Publishers
Los Altos MLS area 34 Report for February 14, 2011
Single Family Homes on the market are 42.
Average DOM is 120, average price is $496,000, average size is a 3 bedroom, 2 bath with 1,549 sq. ft.
Altos Research offers the following information on the 90815 zip code.
Properties on the market are 134, average DOM is 156, median price is $459,000.
Michele K,
Realtor with The S Team
Coldwell Banker Coastal Alliance
562-243-2171
@LifeInLosAltos
Comments (0)Subscribe to CommentsComment