“DON’T TOUCH THAT DIAL.”That familiar broadcasting statement certainly applied to the markets last week, as the volatility continued and the markets changed direction quickly. Take a look at the chart below, which shows how home loan rates have climbed dramatically over the last several weeks. In fact, home loan rates are at their highest levels…
That is right! Interest Rates have jumped over 1.122% in last 10 days! Do you want to know why? Well my good friend, John Yang posted the article below this morning on facebook, and I thought I love to share it with you! Great Job, John! -Carlos (909)512-6418 ——————————————– Since Memorial Day, conforming mortgage rates…
This update from Mortgagee Letter 2009-15 establishes guidelines for use of the first-time home buyer tax credit as settlement funds.Here are the 10 things you need to know about these guides: 1.The IRS tax credit refund can be made only to the taxpayer and not a third party.2. Government agencies may offer tax credit advances…
Okay, Okay…. stop the phones! We’ve been receiving calls all day about the “announced” monitization of the $8000 first-time homebuyer tax credit. “Where’s the ML?” Well, there ISN’T one yet… HUD Secretary Donovan appeared at a NAR function earlier today, and this is an exact excerpt of his remarks: “We all want to enable FHA…
Great Article, by one of my favorite websit Credit.com A new FICO report on credit data from the second half of 2008, revealed that 16% of the US population had some reduction in their credit card limits. A majority of these consumers didn't have any late payments, collection accounts or other negative records to trigger…
There could be no better time than now to by your first home in Southern California, especially in the InlandEmpire region. Prices have dropped in some places in excess of 40%, interest rates are hovering around in the low 5% and FHA loans are your best bet if you have some credit challenges.Read this article…
The Obama administration on Wednesday gave lenders a green light to begin modifying home mortgages under a new $75 billion program aimed primarily at people facing imminent financial hardship. The $75 billion mortgage modification plan is part of a larger Obama administration effort announced on Feb. 18 to support the U.S. housing market and distressed…
Note: Details of the plan below will not be annouced until first week of March, stay posted to find out more details. Carlos Samaniego(909)512-6418 President Obama has released details of the $75 billion Homeowner Affordability and Stability Plan, which will provide access to low-cost mortgage refinancing for homeowners hurt by falling home prices, as well…
This morning I was watching ABC Good Morning America as usual with my cup of coffee, when I saw a special report about homeowners are delaying there foreclosure on their homes. I had heard about this tactic almost 6 months ago being use in Florida, but didn’t hear much about since then, read the article…
That is right American Express just announced they will pay you to close your account. I just read the article on a great blog called CreditMattersBlog.com, it must read blog. The question for you is it worth the money? How will it impact your credit scores? As you know a huge portion of your credit…