ZERO Percent Interest Down Payment Loan for First Time Homebuyers?!
Thursday, 12 May 2022
Yes!! That’s right! If you are a first-time homebuyer trying to purchase your primary residence, new help is here! CA’s new Forgivable Equity Builder Loan gives qualified buyers 0% interest loan up to 10% of the purchase price or appraised value (whichever is lower). This loan is forgivable if you occupy the home as primary
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Market Updates – May 2, 2022
Friday, 06 May 2022
As expected, the Fed funds rate was increased by 0.5% on Wednesday, May 4. Chairman Powell also pointed out the Fed is not actively looking to increase the rate by 0.75% in the coming meetings. This announcement gave investors some temporary encouragement on the future of the economy and helped boost the stock market on Wednesday.
- Published in Home Page, Market Updates, News
Fund your next renovation project
Thursday, 21 April 2022
With a housing shortage, home improvements and renovations have become the hottest choices for many homeowners. Instead of using credit cards and savings to fund those projects, HELOC and/or cash-out refinancing are excellent avenues to take using the equity of your home to improve the value and comfort. Mortgage rates are below credit card rates
- Published in Home Page, Market Updates, News
Market updates – April 18, 2022
Thursday, 21 April 2022
The average 30-year fixed-rate mortgage rate was 5% as of April 14, 2022 (Source) and is still trending up. This is the highest rate in 12 years! Although there are more new listings for sale in many areas, the inventory remains tight and buyers feel pressure to purchase a home before rates rise further. Today the
Market updates – April 11, 2022
Friday, 15 April 2022
The past few years of historically low interest rates—between 2 and 4%—have kept peoples’ monthly payments low by usually several hundred dollars. Consumer price index showed prices inflated 8.5% in March from the same time last year. The biggest increase since 1981. With the hope of inflation has peaked, the producer price index on Wednesday,
- Published in Home Page, Market Updates, News