Garrick Werdmuller's Blog

Mortgage and Lending - Caliber Home Loans - NMLS# 242952



Home prices across the nation improved for in May but remain about 17% lower than one year ago, according to the S&P Case-Shiller Home Price Index. Home prices in May 2009 are at levels last seen in mid-2003, "indicating that the three years of appreciation that occurred from 2003-2006 were all g...
The shift has changed almost instantaneously here in the Bay Area from a cold and quiet climate to multiple offers, overbidding, and a LOT of buyers writing offers!  According to the SF Chronicle "Bay Area home prices rose month-over-month for the third straight time as sales reached their highes...
The Home Affordable Refinance Program was designed to assist borrowers who have demonstrated an acceptable payment history on their existing Fannie Mae or Freddie Mac owned mortgage loan. Unfortunately due to rising unemployment levels and increasing foreclosure rates, demand for housing has weak...