It is still hard to get a mortgage loan. The underwriters are asking for so many docs! Had a client that they wanted to see his divorce paperwork from 2001 to see if he was paying child support to his 16 year old son at the time. Well do the math! His son is now 28 years old. Cost my client $200 to get the paperwork from his attorney. His copy wasn't good enough. Had another client where they wanted her 2002 W2 to show she was working full time. She had it! Lucky! What did they want this for? Next thing they will want is a DNA test to see how long you may live!
Average home in U.S. sold for $246,000 an increase of 3% from last month!
Check out my web site at www.myslohomefinder.com for all your San Luis Obispo, Arroyo Grande, Pismo Beach, Avila Beach, Atascadero, Paso Robles, Templeton California home needs.
The past week and upcoming week: Good Friday US Banks open, Equity Markets Closed
While individuals are coping with higher payroll taxes, aggregate Personal Income posted a sizeable gain in February and personal spending rose significantly. However, headline and core inflation were divergent. We are still seeing the impact of the fiscal cliff on data as February numbers reflect some normalcy after January data included after effects of acceleration of income to December to partially avoid income tax increases for some income brackets.ConsumerSpending jumped 0.7 percent after rising 0.4 percent in January. Strength was in nondurable goods, reflecting higher gasoline prices. Market expectations were for a 0.6 percent gain. Still, real spending was up 0.3 percent, matching the January pace. Consumer outlays are relatively strong and point to a healthy Q1 GDP number.It's rare to see this much volatility in the Consumer Sentiment report which ends March at 78.6 vs a mid-month reading of 71.8. The final reading implies a mid-80s pace for the final two weeks of the month which is the very strongest pace of the whole recovery!
Dow is trading at 14,578+52.23 the 10 yr bond is at 1.85 from 1.85 Yesterday, . Currently mortgages are slightly better from Yesterday
Conv. - 3.625%
FHA. - 3.25%
Have a great Easter and Pass Over weekend!
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