QuarterlyBasis

The 3 Most-Asked Mortgage Questions So Far In 2010

The most-asked questions by home mortgage borrowers so far in 2010 are about where rates will go, how to lock rates in a volatile trading environment, and how home appraisals affect the lending process. Each question is addressed below. Where Will Rates Go By Summer? Rates on loans up to $417,000 are about 5% as

Big Changes For Condo Buyers With Less Than 20% Down

As discussed last quarter, FHA loans have become the most viable way for borrowers with less than 20% down to buy a home. Single family home FHA loans are fairly straightforward. Rules for condo FHA loans have recently changed, and it’s critical for any homebuyer targeting condos up to a price point of $850k and

Regulatory Outlook: Loan Limits, Tax Credits

The loan limits that make it possible for high-cost markets like the Bay Area and Los Angeles to have conforming loans up to $729,750 are set to expire December 31, and the $8000 tax credit available to homebuyers expires November 30. As of this writing on October 5, there’s been no indication as to whether

Simultaneous Bottom For Rates & Home Prices? (charts)

In a market report last quarter, we buried a quotation that’s worth revisiting. It was from investment luminary Dean Witter in May 1933, about 3.5 years after the Great Depression began. He said: “Some people say they want to wait for a clearer view of the future. But when the future is clear, the present