To say 2013 has been a good year for real estate would be an understatement. A huge one… Over the past 12 months, home prices… Read More »Half of Homes Sold in California This Year Went Above Their Asking Price
If you were shopping for a mortgage and a bank offered you an extra low rate on a 1-year adjustable-rate mortgage, you’d probably scoff at… Read More »The 1-Year ARM Is Hugely Popular with the Rich Right Now
If you think this year has been slow in mortgage land, don’t ask what next year has in store. A new forecast released by the… Read More »MBA Forecasts $1.2 Trillion in Mortgage Volume in 2014, Down 32% from 2013
While it’s not necessarily a huge concession, the top mortgage lender in the country has pledged to waive late fees for those who paid their… Read More »Wells Fargo to Waive Mortgage Late Fees Tied to Government Shutdown
I’ve written about the Home Affordable Refinance Program (HARP) on this blog many, many times. Most of the posts have focused on possible extensions and… Read More »HARP 2.1 Is Here! Fannie and Freddie to Use Note Date for Eligibility
In less than a month, Fannie Mae is implementing some tough new mortgage guidelines, including a larger minimum down payment requirement. Come November 16th, the… Read More »Say Goodbye to the 3% Down Payment Mortgage
Banks serve two main purposes. They provide loans to consumers who need a helping hand, and they provide a place to store cash, also known… Read More »Gap Between 30-Year Fixed and Savings Rates Largest in Over Two Years
While it might sound like following in the footsteps of hedge funds, or taking advice from Warren Buffett, who recently said he’d invest in single-family… Read More »Mark Zuckerberg Is Now an Investor in Single-Family Homes
The California Association of Realtors released its “2014 California Housing Market Forecast” today, which revealed that home prices are on fire in the Golden State.… Read More »California Home Prices Expected to Climb 28% This Year, Just 6% in 2014
Thanks to mortgage rates that are no longer at record lows and a refinance boom that has come and gone, home loan lending is beginning… Read More »Will Home Equity Lending Save the Mortgage Market?
