It is easier to get a mortgage today than it was immediately after the market crash, but it is still difficult. The difference in 2006? At that time, it was difficult not to get a mortgage.
2019 Riverside County Conforming Loan Limit GREAT NEWS for residents of Riverside County, CA! The 2019 Riverside County Conforming Loan Limits is now $484,350 (up from $405,950 in 2018 and $379,500 in 2017). 2019 California Conforming Loan Limits Conforming loan limits have been increased for 2019. The Federal Housing Finance Agency (FHFA) announced the new loan limits on … Read More
When buying a new home or refinancing, how will I know when to lock my mortgage rate? “Interest rates rise like a rocket and fall like a feather.” This old axiom holds a lot of truth. Generally speaking, rates tend to fall in a poor economy and rise in times of prosperity. But more to the point, it takes a … Read More
Here’s an interesting article about the state of the economy and housing market – June 2013. Click this link to go to the article directly. Best Explanation on the Fake Housing Market Recovery I’ve Seen By Michael Lombardi | Business 2 Community – Sat, Jun 8, 2013 12:25 PM EDT The average American Joe isn’t participating … Read More
Here’s a great article about the come back of the Jumbo mortgage market, with a story about the typical problems we encounter in this brutal underwriting environment: Why the Jumbo Loan Market is Finally Thawing BY Julian Hebron, for Mortgage News Daily Oct 25 2012 Current housing recovery chatter centers around two main themes: slightly improving stats on home sales, … Read More
The wait may be over for homeowners who want to refinance but owe more on their mortgages than their homes are worth. Many borrowers are now able to refinance through HARP 2.0, a program that allows borrowers to refinance regardless of how deeply underwater they are. Our investors are still rolling this out, so we expect details to change. … Read More