Articles Archive for April 2008
Posted in Condos For Sale, Mortgage Rates on 12 April 2008
You can check to make sure a Huntington Beach condominium complex is FHA approved on this website: https://entp.hud.gov/idapp/html/condlook.cfm (Field Office: Santa Ana, CA)
Posted in Mortgage Rates on 11 April 2008
Mortgage rates have eased (especially the 5 and 7 year fixed) over last week. More lenders are introducing their agency programs.
30 Year Fixed Conforming (Under $417,000) : 5.75%
30 Year Fixed Agency (Between $417,000 and $729,750) : 6.25%
30 Year Fixed Jumbo (Over $729,750) : 7.0%
Remember that FHA is now the way to go if your [...]
Posted in Mortgage Rates on 9 April 2008
1) An FHA loan is assumable but the new borrower must qualify for an FHA loan.
2) The seller can contribute 6% to the buyers recurring and nonrecurring closing costs. This includes setting up the impound account.
3) We discussed the fact that if an FHA loan closes on any day besides the [...]
Posted in Mortgage Rates, Real Estate Market on 3 April 2008
Interest rates are flat to down slightly this week as the economy continues to falter.Unemployment is up but the service and manufacturing industries reported smaller contractions than anticipated which was welcome news for the economy.
Conforming 30 Year Fixed [in the Huntington Beach area (Orange County)] is at 5.75%, Between $417,000 and $729,750 is at [...]



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