Company NMLS 1780581  |  Personal NMLS 256707  |  CA-DRE 01455710


What’s Ahead For Mortgage Rates This Week – March 25th, 2013

Mortgage Rates , ,
Last week's economic news was dominated by events in Cyprus and the Federal Open Market Committee (FOMC) meeting on Wednesday. Mortgage rates fell last Monday as investors became concerned over news that a Cyprus bank bailout was in the works. Federal Reserve Holding Course With Mortgage Backed Security Purchases The FOMC met on Wednesday and in a press release after the meeting, noted that no immediate changes to the present economic easing program would be made. The Fed officers will continue to monitor the nation's economy, and are eventually expected to implement a gradual reduction of their monthly bond and…
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How To Spot And Treat Mold In Your Home

Around The Home , ,
The first sign of mold you notice may be a musty smell in your home. After looking around, you spot what looks like mold -- don't panic! You can remove unhealthy mold from your house without it costing a small fortune. Check To Be Sure It's Really Mold Mold can look many different ways, which depends on the type. Some are grayish-white or black and can look like a dirty smudge. If you're in doubt that a spot is mold, you can do a test with chlorine bleach. Simply put a drop on the spot. If the color immediately fades…
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Fed Meeting Statement Reveals Good News For Real Estate

Federal Reserve , , ,
The Federal Reserve's statement after yesterday's Federal Open Market Committee (FOMC) meeting left no doubt as to the Fed's dual commitment to keeping long term interest rates down and encouraging economic growth. No changes to the Fed's current bond-buying program were made during today's FOMC meeting. The Fed's monthly purchase of $85 billion in bonds and MBS works by boosting bond prices, which typically helps with keeping mortgage rates lower. The Fed reaffirmed its position that it will not withdraw or reduce monetary easing until the unemployment rate is substantially lower. Unemployment Rate Improving Nationally Fed predictions for the national…
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NAHB Housing Market Index Shows Builder Confidence Slip In March

Housing Analysis , ,
The National Association of Home Builders (NAHB) released its NAHB/Wells Fargo Housing Market Index for March on Monday. The HMI measures builder confidence in the market for newly constructed single family homes. A reading of 50 for the NAHB Housing Market Index (HMI) indicates that more builders are confident of housing market conditions for new single family homes than those who are not confident. Home builder confidence fell for the third consecutive month with a two-point drop to a reading of 44 in March. Several Factors Create New Home Bottleneck An NAHB leader noted that several situations are causing a…
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When It Pays To Refinance Your Mortgage — Literally

Personal Finance , ,
To refinance a mortgage means to pay off your existing loan and replace it with a new one. There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity. Each has its considerations. Lower Your Mortgage Rate Among the best reasons to refinance is to get access to lower mortgage rates. There is no "rule of thumb" that says how far rates should drop for a refinance to be sensible. Compare your closing costs to your monthly savings, and…
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