October 2008 - Posts
Starting November 1, 2008, the limit on FHA-backed reverse mortgages, dubbed Home Equity Conversion Mortgages (HECMs), will rise to $417,000 nationwide. The new rules also will institute a 2% cap on origination fees for the first $200,000 of the loan
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Freddie Mac reports a jump in the 30-year fixed mortgage rate to 6.46 percent during the week ending October 31 st, which is up from 6.04 percent the prior week, as long-term mortgages rates moved in line with long-term Treasury bonds. The 15-year fixed
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The Federal Reserve has slashed a key interest rate by half a percentage point as it seeks to revive the economy. The central bank reduced its target for the federal funds rate, the interest rate banks charge on overnight loans, to 1 percent, a low last
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Unfortunately, there is a common misconception amongst the general public that the credit market for home mortgages is completely frozen. Lenders are continuing to emphasize that home loans continue to be available for a range of potential homebuyers,
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The 30-year mortgage rate fell this week after last week's spike, which was its biggest weekly jump since April 1987. Freddie Mac reported that 30-year fixed-rate mortgages averaged 6.04% this week. That's down from 6.46% last week and below 6.33%,
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The San Diego City Council has approved a massive development that will eventually bring nearly 5,000 new homes to the community. The project, called Quarry Falls, is to be built on the site of a rock quarry that has been there for more than 60 years.
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The Union Tribune reported on October 21 st that an unusual September jump in home sales, together with the biggest monthly drop yet in prices, could be early signs that San Diego County housing is approaching the bottom of a three-year-old downturn,
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Your garage door should provide many years of safe operation if it is installed, operated, and maintained properly. Here are some helpful safety tips. WARNING: Garage door springs, bottom brackets, red colored fasteners, cables and supports are under
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Interest rates for 30-year fixed-rate mortgages rose this week to an 8-week high, according to Freddie Mac, while ARM rates showed smaller gains. The 30-year fixed mortgage rate rose to 6.46 percent during the week ended Oct. 16, up from 5.94 percent
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Total Number of Sales Closed in September 2008 Ø September 2008 had 2,651 closed sales or 88 closings per day Ø August 2008 had 2,469 closed sales or 82 closings per day Ø September 2008 sales are up in comparison to August 2008 sales
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October 2008 Su Mo Tu We Th Fr Sa 28 29 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 NEW PRICE! AVAILABLE FOR: $688,000 - $700,000 Located in the desirable Lake Murray area of San Carlos, this
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Many homeowners get into the spirit of Halloween by turning their homes into haunted houses, carving pumpkins and handing out treats to costumed kids who come to their door. If you're a homeowner planning on getting involved in the holiday, following
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Bank of America has announced it is launching a "home retention program" on December 1 st , 2008 to modify troubled mortgages for nearly 400,000 customers of Countrywide Financial Corporation. Bank of America acquired Countrywide on July 1.
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Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.94 percent during the week ended October 9th, which marks the first decrease in three weeks. The 15-year fixed rate slipped to 5.63 percent from 5.78 percent the previous week. Meanwhile,
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This Sunday, October 12th from 2:00 to 5:00 p.m., University Heights will be celebrating its 120th birthday at the historic Trolley Barn Park. There will be free entertainment, cake, ice cream and educational displays about the history of University Heights
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October 2008 Su Mo Tu We Th Fr Sa 28 29 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 University Heights, San Diego - We invite everyone to visit our open house at 4508 New Hampshire on October
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October 2008 Su Mo Tu We Th Fr Sa 28 29 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 University Heights, San Diego - We invite everyone to visit our open house at 4751 PANORAMA DRIVE on October
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The Federal Reserve, working in coordination with other central banks worldwide, enacted an emergency interest rate cut on Wednesday. The Fed lowered the Federal Funds Rate by a half percentage point to from 2% to 1.5%. The Federal Reserve on Wednesday
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The National Association of Realtors says pending home rose 7.4% from July to August, an unexpected piece of positive news for the battered U.S. housing market. The group reported Wednesday that its seasonally adjusted index of pending sales for existing
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A recent court decision requires the three major credit reporting bureaus; Experian Group Ltd., Equifax Inc., & TransUnion LLC, to clean up the credit files of consumers who have filed for Chapter 7 bankruptcy. These bureaus are still reporting old
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October 2008 Su Mo Tu We Th Fr Sa 28 29 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 You are invited to visit the open house at 4751 Panorama Drive today, Sunday, October 5th between 1:00 p.m.
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Freddie Mac reports a small rise in the 30-year fixed mortgage rate to 6.10 percent during the week ended Oct. 2 from 6.09 percent the prior week. The 15-year fixed mortgage rate nudged up to 5.78 percent from 5.77 percent. However, the five-year adjustable
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The Bush Administration has unveiled additional mortgage assistance for homeowners at risk of foreclosure. The HOPE for Homeowners program will refinance mortgages for borrowers who are having difficulty making their payments, but can afford a new loan
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San Diego County will get more than $17 million in federal aid to help acquire and redevelop foreclosed homes as part of a nationwide program to help stave off neighborhood blight from abandoned properties. The federal money is being distributed to states,
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