How To Get Home

There is some positive news coming out of Washington for a change. It seems as if the people in charge are starting to take the foreclosure situation serious. The exact details of the programs are being worked out, but here is the story on the effort to help those in trouble:
WASHINGTON (AP) — With foreclosures […]

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Sorry for being a little late on the weekly recap, but I was a little under the weather this weekend.
From Monday morning until Friday evening, mortgage rates barely moved last week. In the current environment, investors are highly sensitive to fresh economic information, but a lack of surprises last week left them with […]

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Seems like everyone is talking about someone they know who is close to foreclosure. The bad news does travel fast. It is important to remember that no one wins in foreclosure. The home owner, the lender, and the neighborhoods all suffer as a result of the foreclosure.
Everyone agrees that the number of foreclosures is rising […]

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When you think of high-priced homes most people will think of California — with good reason. Five of the top 10 highest-priced markets for existing single-family homes are in the Golden State.10 highest priced home markets and the median home price

San Jose-Sunnyvale-Santa Clara, Calif. $775,000
San Francisco-Oakland-Fremont, Calif. $736,800
Anaheim-Santa Ana-Irvine, Calif. $709,000
Honolulu $630,000
San Diego-Carlsbad-San […]

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After barely moving for four days, mortgage rates jumped Friday morning after the release of the Employment report. The economy added 180K new jobs in March, far above the forecasts, and the figures for prior months were revised higher as well. The Unemployment Rate fell to 4.4%, below the consensus of 4.6%. […]

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I had a client in my office the other day who was very frustrated at how long it was taking for his credit score to go up. It reminded me of another conversation I was having with a friend of mine who was as frustrated by how difficult it was for her to lose […]

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You are going to hear a lot about MEW (mortgage equity withdrawal) in the coming months. The questions are how much if any home prices might fall and how that will impact the economy. Americans, by some accounts, have been using the equity in their homes like an ATM to finance cars, vacations, and other […]

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