market conditions: Snag a Mortgage Before Rates Rise!
- 03/18/10 10:58 AM
To help keep interest rates low, the Federal Reserve has been purchasing mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac since early last year. This week, the Fed has stated that they will no longer be purchasing these loans. This was a planned move by the Fed, that has brought up fears that interest rates may rise 1-1.5% by the end of this year. One person told me, "Sorry for the sarcasm, but I've heard that one before." True, I have heard many people "in the know" stating that rates were going up, up, up only to see a minor increase … (0 comments)
market conditions: Foreclosure Update, March 16, 2010
- 03/16/10 04:41 AM
Copied from ForeclosureRadar.com. Check out up-to-date foreclosures EVERYWHERE in the US at http://www.bobcarlseen.com/mx/Foreclosure/index.cfm? Updated California Foreclosure Report: After reaching the lowest level in a year last month, Notice of Defaults, the start of the foreclosure process, increased by 19.7 percent in February. The number of properties scheduled for foreclosure sale remained near record levels, yet foreclosure sales, either Back to Bank or Sold to 3rd Parties, dropped by 11.9 percent total. "The disconnect between delinquencies, and foreclosure sales continues to widen," says Sean O'Toole, Founder and CEO of ForeclosureRadar.com. "While efforts to slow foreclosures are clearly working, it remains unclear that … (0 comments)
market conditions: Chula Vista Foreclosures Expected To Rise Drastically
- 01/14/09 05:03 AM
Just when we thougt we were gaining some ground on the fight against freclosures, there appears to be a large surge on the horizon. According to ForeclosureRadar.com, filings on Notices of Default, ebbed temporarily through November 2008 as California State Senate Bill 1137 tried to force banks to work with more homewoners prior to foreclosure. December saw 42,421 NODs filed, nearly double November 2008 when 21,557 NODs were filed. But this was to be expected, since NODs filed from December 2007 to January 2008 surged nearly 55%. Athough filings for Notices of Trustees Sale remained fairly level, it is expected that these will … (0 comments)
To help keep interest rates low, the Federal Reserve has been purchasing mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac since early last year. This week, the Fed has stated that they will no longer be purchasing these loans. This was a planned move by the Fed, that has brought up fears that interest rates may rise 1-1.5% by the end of this year. One person told me, "Sorry for the sarcasm, but I've heard that one before." 
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