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Browse through our Home Loan Blog articles below to learn more about home loan topics. We are committed to informing you about home loans and finding the right home loans for your needs.

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Home Loan Blog Articles from Golden Pacific Home Loans of San Ramon

Stay informed and learn more about home loan matters and housing market from our home loan blog articles below. Scroll down to the Categories section or to the bottom of this page to see more home loan blog articles.

Contact our Golden Pacific Home Loan agents in San Ramon for questions about best home loan mortgage and refinance opportunities.

Mortgage Rates Hit Another Low for 2017

Mortgage Rates Hit Another Low for 2017

30-year fixed-rate mortgages: averaged 3.88 percent, with an average 0.5 point, dropping from last week’s 3.90 percent average. Last year at this time, 30-year rates averaged 3.48 percent.

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Mortgage Rates Got Cheaper This Week

Mortgage Rates Got Cheaper This Week

30-year fixed-rate mortgages averaged 4.14 percent, with an average 0.5 point, falling from last week’s 4.23 percent average. Last year at this time, 30-year rates averaged 3.71 percent.

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Closing Times Are Speeding Up

Closing Times Are Speeding Up

Home purchase loans took an average of 45 days to close in February, down from 48 days in January. Refinanced loans took an average of 47 days to close in February, down from 53 days

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MORE HOME LOAN BLOG ARTICLES

New Home Sales

New Home Sales

Other data on Tuesday showed moderate gains in house prices in May, which should support consumer spending and keep home purchasing affordable, especially for first-time buyers who have started venturing into the housing market.

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Brexit Turns Out To Be Good For The US

Brexit Turns Out To Be Good For The US

Fannie Mae’s economists say that the UK’s exit from the European Union is likely to have only limited impact in the U.S. and that it will be a positive for the housing and mortgage markets, at least in the near term.

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How Brexit Affects Freddie Mac

How Brexit Affects Freddie Mac

Brexit Freddie Mac sees it as both a plus and a minus for the U.S., and not necessarily a short-lived one. Its economists predict it will raise global risks while keeping domestic mortgage rates near historic lows.

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Home Builder Confidence is Steady

Home Builder Confidence is Steady

For the past six months, builder confidence has remained in a relatively narrow positive range that is consistent with the ongoing gradual housing recovery that is underway.

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Recovering From a Foreclosure

Recovering From a Foreclosure

How quickly you can recover from a foreclosure or short sale is going to depend on three factors: How bad your financial situation was; How much better your situation is now; and How well you’ve recently been managing your money…

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Southern California Housing Market

Southern California Housing Market

Housing market in Southern California is hot. The median home price in Orange County in May was $651,500, surpassing its bubble-era peak reached in 2007. What fueled the gain?

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Home Purchase Sentiment Index

Home Purchase Sentiment Index

Home Purchase Sentiment Index (HPSI), an outgrowth of its National Housing Survey, pulled back a bit in June, largely due to weakened optimism about household income and the direction of home prices which offset some positive changes from the previous month.

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Brexit Could Help US Real Estate

Brexit Could Help US Real Estate

Brexit is likely to have a short-term positive effect on commercial real estate in the United States, especially in large gateway cities and in the office market, according to market observers.

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Rent Prices

Rent Prices

Average U.S. rent rose 0.4% in May, matching the record high, according to consumer price index data released this month, the 67th consecutive month of increases.

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Cash Out Refinancing by Homeowners

Cash Out Refinancing by Homeowners

Freddie Mac says that the trend toward increasing levels of cash out refinancing paused during the first quarter of 2016. The share of refinancing in which homeowners took a new mortgage that was at least 5 percent larger than their old mortgage eased back from 42 percent in the fourth quarter of 2015 to 40 percent. The volume was also down quarter-over-quarter from $11.0 to $10.9 billion.

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Mortgage Activity

Mortgage Activity

Mortgage application activity was down across the board during the week ended June 24. The Mortgage Bankers Association (MBA) reports that its Market Composite Index, a measure of application volume, dropped by 2.6 percent on a seasonally adjusted basis from the week ended June 17. On an unadjusted basis the loss was 3 percent.

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First Home: Additional Costs

First Home: Additional Costs

Overlooked additional costs can shock many first-time homebuyers. If you’re in the market for a new home, consider some of the following when you think about the true cost of purchasing a home.

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Mortgage Rates Remain Stable

Mortgage Rates Remain Stable

The 30-year fixed-rate mortgage averaged 3.56% for the week ending June 23, up from last week when it averaged 3.54%, according to Freddie Mac. A year ago at this time, the 30-year fixed-rate mortgage averaged 4.02%.

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Homebuilders’ Confidence Rises

Homebuilders’ Confidence Rises

Confidence among homebuilders climbed to a five-month high in June, signaling the residential real estate market may have some scope for a pickup, according to data Thursday from a National Association of Home Builders/Wells Fargo survey.

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Car Payments: Don’t Buy a Car

Car Payments: Don’t Buy a Car

Even if you feel you can afford the car payment, mortgage companies approve your mortgage based on their guidelines, not yours. Do not get discouraged, however. You should still take the time to get pre-qualified by a lender.

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Mortgage Applications

Mortgage Applications

Mortgage applications decreased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 10, 2016. The previous week’s results included an adjustment for the Memorial Day holiday.

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Down Payment Importance

Down Payment Importance

When preparing to buy a home, the first thing many homebuyers do is look at “homes for sale” ads in newspapers, magazines and listings on the internet. Some potential buyers read “how-to” articles like this one. The next thing you should do – before you call on an ad, before you talk to a Realtor, before you shop for interest rates – is look at your savings.

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HPSI: Home Purchase Sentiment Index

HPSI: Home Purchase Sentiment Index

While consumers are still conflicted about whether it is still a good time to buy or to sell, their perceptions about financial aspects of their lives improved and along with it Fannie May’s monthly Home Purchase Sentiment Index. The HPSI, a distillation of answers to the company’s National Housing Survey, increased by 1.6 points to 85.3 in May.

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Mortgage Rates

Mortgage Rates

Most analysts believe low mortgage rates have contributed to the housing recovery in a big way. The combination of low real estate prices and low borrowing costs enticed buyers to come off the sidelines during a time when uncertainty reigned in the housing market.

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Loan Process Stages

Loan Process Stages

Who issues the commitment letter? What is a conditional approval? Why did the underwriter give me a list of conditions to satisfy, before I can close the loan? How long does it take to reach the final approval?

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A New Home: Factors to Consider

A New Home: Factors to Consider

Are there jobs, schools, healthcare options, restaurants, theaters, parks and industries in the town? How’s the crime rate? Is there a spiritual community suited to your faith?

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Preparing for Loans Today

Preparing for Loans Today

Just as you’d train for a major sporting event such as a marathon, you need to get into great financial shape for what may be the most important transaction you ever make. As you would for a race, you need to begin many months before the big day – the one on which you make your mortgage application.

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Self-Employed?

Self-Employed?

Being self-employed has its benefits. You can choose the hours and you are the boss. However, when it comes to getting a mortgage, you face more hurdles. You have to provide more paperwork than an employee and must work harder to prove that you can afford the mortgage.

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Today’s Mortgage Stats

Today’s Mortgage Stats

Mortgage interest rate hit the lowest level in 3 years, but applications dropped, according to the latest data from the Mortgage Bankers Association.

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San Francisco Real Estate – The Snapshot

San Francisco Real Estate – The Snapshot

San Francisco real estate market has been scorching hot since 2011. Reports of million-dollar homes attracting several buyers within days of their listings and selling at premiums within a couple of weeks have become commonplace. What’s next?

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Home Prices Keep Climbing

Home Prices Keep Climbing

Home prices have been climbing as job growth helps fuel demand for a limited inventory of properties for sale. The jump in values has made it difficult for many first-time buyers to compete in the most heated areas.

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55+ Housing Market Demand Figures

55+ Housing Market Demand Figures

According to the National Association of Home Builders, confidence in the single-family 55+ housing market remained in positive territory in the first quarter of 2016.

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Mortgage Rates Still at Record Lows

Mortgage Rates Still at Record Lows

Mortgage rates held steady today, marking the 9th straight day without a move higher. 6 of those 9 days have seen mild to moderate improvements, ultimately bringing rates back within striking distance of 2016’s lows.

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Pointers Before Paying Off Your Mortgage

Pointers Before Paying Off Your Mortgage

Paying off your mortgage may be tempting. First consider the opportunity cost of paying off your mortgage early at the expense of other goals or investment options, as well as the impact to your tax situation.

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