mortgage: The New Normal? - 01/10/15 05:19 AM
When markets are normal, builders build. And that’s exactly what’s been going on lately. According to theCalifornia Building Industry Association, new housing starts are up year-to-date with 61,361 new single- and multi-family units.
This uptick in building starts signifies a stabilized housing market. But is this as good as it gets? Is this the new normal?
The fact that the National Association of Homebuilders (NAHB) Leading Markets Index (LMI) for Orange County is back to a level not seen since December 2008 leads us to believe that, if it’s not the new normal we’re certainly getting close.
The NAHB says that while recovery is still … (3 comments)

mortgage: What’s Up With Ben Bernanke Not Being Able To Refinance His Mortgage? - 12/05/14 09:53 AM
What’s Up With Ben Bernanke Not Being Able To Refinance His Mortgage?  
Anyone who has watched the news lately will be surprised to see that Ben Bernanke, the former chairman of the Federal Reserve is unable to refinance his mortgage. While this may seem as a bad joke, it is actually the result of strict regulations set by the government owned mortgage companies, the automated process that is used when determining if a person is eligible for a loan and the fact that loan companies are unwilling to take a higher credit risk.
Ben Bernanke’s trouble
Ben Bernanke has confessed at a … (2 comments)

mortgage: Mortgage Rates Fallen To Their Lowest Level Since June 2013 - 11/18/14 05:28 AM
Anyone who is paying attention to the United States financial market has surely noticed that a new low in mortgage rates has just recently been reached. It has been a full 16 months since rates this low have been reached on the average 30-year fixed-rate mortgage market.
This is largely the result of concerns about the global economy sending large-scale investors into safety mode. As they withdraw from riskier endeavors and seek shelter under the safety of United States Treasury Bonds, rates fall, and American borrowers enjoy an easier time obtaining favorable mortgage rates.
The upshot of this news, naturally, is … (3 comments)

 
Maureen Martin, it's not just a loan, it's an experience!

Maureen Martin

it's not just a loan, it's an experience!

San Diego, CA

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