December 2008 
There are 1 blog entries for December 2008.
4.5% 30 Year Fixed???
Friday, December 5th, 2008 at 7:42pm. 725 Views, 0 Comments.
Could interest rates really drop to 4.5%? According to news reports, there is talk within the Treasury department of a new program that would allow for mortgage interest rates as low as 4.5%. When I heard this I was shocked, and I just hope that they are actually able to do it. I haven't heard all the details of how this would work, but I do know that would be a great stimulus to the market, and the economy in general.
If it does happen, it will only be available for first time home buyers, not those looking for investment real estate or looking to refinance. With the huge inventory of bank owned real estate on the market, lowering the interest rate would allow thousands of first time buyers who otherwise would not be able to purchase to get into a…
The Oakland Real Estate Market is HOT
I'm happy to say, that there is definitely a significant increase in activity compared to this time last year. Multiple offer... Add Comment Read MoreShort Sale Debt Cancellation Set to Go Away
Originally, when you did a short sale you were taxed on the amount that you were forgiven by the lender. This was a seri... 13Comments Read MoreChanges To FHA Mortgage Insurance Premium
The Federal Housing Administration recently announced an increase in the upfront Mortgage Insurance Premium. Mortgage insuran... 4Comments Read More
