Contact Jim Frimmer for all your San Diego real estate needs!
http://www.missionvalleycondos.info


Recent headlines that could affect YOU!

  • The two mortgage giants, Fannie Mae and Freddie Mac, which either guarantee or own more than 50% of home loans, has announced that it will start rewarding servicers that modify home loans on a timely basis and penalize those that don't. Even more relevant, new rules forbid servicers from beginning foreclosure proceedings while at the same time exploring alternatives for lowering borrowers' monthly payments. There have been too many horror stories of mortgage lenders foreclosing on properties where the borrower was working with someone else at the company to lower the monthly payment.
  • The average rate on a 30-year loan fell to 4.78% from 4.80% percent the previous week, and 15-year rates fell from 4.02% to 3.97%.
  • San Diegans who are renting pay an average of 50% or more of their income on rent and utilities, making San Diego the 22nd least affordable metropolitan area for renters. Might be time to buy.

 

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If you're looking for a great real estate agent in San Diego, well,
let me Google one for you.

I'm available 24/7, so feel free to contact me by phone or email.

Jim Frimmer, Realtor
Century 21 Award Mission Valley
California DRE License #01458572
619-729-5701
jimfrimmer@century21award.com
Mission Valley Living

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Post is included in group: CALIFORNIA DREAMING
Post is included in group: Do Not Worry ~ Today
Post is included in group: Everything California
Post is included in group: Realtors®
Post is included in group: Southern California Real Estate Forum

3 Comments on Real Estate news — Recent headlines that could affect YOU!

MAY
01
2011
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

This is the best news .... new rules forbid servicers from beginning foreclosure proceedings while at the same time exploring alternatives for lowering borrowers' monthly payments   I hope that the rule changes will help out some folks.  Wishing you a great spring market.
10:19pm • #1
Called Shot Master

Things are looking good. I hope the new rules help and I know the 15 year rates can't hurt,  It is hard to believe 3.97%! 
10:33pm • #2
JUL
20
2011
1,057,134 Points 27 Featured Posts Outside Blog Called Shot Master

Thanks to everyone for stopping by and commenting.

I’ll read through all the comments to see if any of them need a specific response. If so, I’ll respond below this comment. Otherwise, since I like to return comment for comment, I'll be by your blogs soon to do a little reading and commenting. I find that a better way to acknowledge you stopping by and commenting on my blog.
8:10am • #3


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