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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.
Walkability
925-855-3250 New home sales are up. Are you ready for new home purchase? Contact our mortgage broker in San Ramon. CONTACT US What Buyers Will Give Up for Walkability Living in areas that are close to shops and restaurants is becoming increasingly attractive for both…
Mortgage Rates Inch Down
Mortgage rates decreased for the second consecutive week but still remain above 6.5%, a far cry from a year ago, muting any celebration from borrowers. Freddie Mac reports the 30-year fixed-rate mortgage averaged 6.69% this week.
Mortgage Rates Rise as Debt Ceiling Deadline Looms
Home buyers faced higher mortgage rates this week as all eyes remain on negotiations in Washington over the nation’s debt ceiling. Economists warn of dire economic consequences if America goes into default on its debt, and that would almost definitely impact borrowing costs.
Mortgage Rates Are Poised To Fall
The U.S. Federal Reserve isn’t expected to announce another interest rate hike in the wake of the banking crisis, especially as the inflation the Fed has been fighting continues to slow. The change in policy could give mortgage interest rates some room to come down. (Mortgage rates are separate from the Fed’s short-term rates, but they have been following a similar upward trajectory.)
Economic data suggests the U.S. economy is only gradually losing momentum
Consumers continued to spend, albeit at a slower pace, and industrial and housing activity are seeing some stabilization.
Home Mortgage for Self-Employed Americans Becomes Easier
Home mortgage for self-employed Americans and freelance or contract workers have long had to struggle to qualify for a mortgage compared with those with W-2 forms or pay stubs that lenders can use to verify their incomes
Refinancing Secret for Homeowners
A recent sharp drop in mortgage rates hasn’t unlocked savings just for those looking to purchase a home—homeowners may also benefit.
Are More Homeowners Cashing In on Their Equity?
Despite increasing equity, fewer homeowners are taking out home equity lines of credit. A March 18 report from ATTOM Data Solutions shows the number of HELOCs issued in the fourth quarter of 2021 was down 5.5% from the previous quarter, and 4.2% below the level issued in the fourth quarter of 2020.
Are Mortgage Rates Finally Stabilizing?
Mortgage rates have remained below 3% for more than two months. And they likely aren’t going to drop much further, according to Freddie Mac.
Lower Mortgage Rates Propel Surge in Loan Applications
Borrowers came in swarms last week to take advantage of another massive drop in mortgage rates. Mortgage application activity, which includes refinances and home purchases, surged 55.4% last week compared to the previous week
Mortgage Prepayments Climb to 6-Year High
925-855-3250 Question about mortgage rate and refinancing? Contact our San Ramon mortgage broker CONTACT US Mortgage Prepayments Climb to 6-Year High Mortgage prepayments, a common gauge for housing and refinancing demand, jumped to its highest level since May 2013—a…
Mortgage Meltdown Unlikely Despite Hike in Risky Loans
Unconventional mortgage lending is on the rise, in 2018 reaching its highest level since the financial crisis of 2008. These mortgages include subprime loans, financing offered to borrowers with blemished credits.
For the Fourth Straight Week, Mortgage Rates Rise
925-855-3250 Question about what mortgage lenders can approve? Contact our loan agent in San Ramon. CONTACT US For the Fourth Straight Week, Mortgage Rates Rise Mortgage rates have slowly been inching up over the past month, but they remain below their levels a year…
Mortgage Rates Rise Again, But Remain Below Yearly Lows
For the third week in a row, mortgage rates inched upward, but economists were quick to reassure home buyers and potential refinancers that rates remain still remain well below year-ago averages.
Drop in Mortgage Rates Could Put Market in 2005 Territory
925-855-3250 Know your loan limits. Every borrower is different! We can help you find the right mortgage product for your needs. APPLY NOW Drop in Mortgage Rates Could Put Market in 2005 Territory The recent plunge in mortgage rates may help the market for home loans…
MORE HOME LOAN BLOG ARTICLES
Home Financing for a Multifamily Home
For buyers willing to take on the role of landlord, multifamily properties can be one of the more affordable ways into pricey housing markets. Home loans are available for owner-occupied properties with two, three or four units.
Home purchases rebound in Dec.; 2015 had most sales in 9 years!
Last month’s home purchases rebound capped a year that produced the highest annual sales total since 2006. Steady job growth and low mortgages drew more buyers into the market, causing both sales and prices to climb steadily.
Mortgage Rates Declining
The average rate for a 30-year fixed mortgage was 3.81 percent, down from 3.92 percent last week. Other rates are also declining.
New Residential Construction Activity in December
HUD and Census Bureau Announce New Residential Construction Activity in December.
What’s a 203k mortgage? Renovation Financing Strategy
For many buyers, especially first time homebuyers, renovating a home post-closing may seem out of reach because they do not have the liquid assets to do desired renovations. Is there a solution to this?
Is Paying Off Mortgage Early a Good Idea?
Paying off a mortgage early isn’t always the smartest decision, and there’s a reason mortgages are referred to as “good debt.” So if you’re thinking of paying off your mortgage early, here are three reasons to reconsider.
Looking for a mortgage home loan with bad credit?
Believe it or not, you may be able to seal a home loan deal even with a credit score below 620. You’ll just have to be willing to jump through a few hoops.
Quick info on Reverse Mortgage from our Mortgage Broker
A reverse mortgage is a type of loan where a lender makes payments to you in exchange for equity in your house — the exact opposite of how a traditional mortgage loan works.
Will mortgage lender finance furnishings when buying a “furnished” home?
You want to buy the house, but only if it comes with the boat out back. The owner may agree to the deal, but your mortgage lender probably won’t include it in the mortgage.
Americans End 2015 More Upbeat About Economy and Housing Market
Americans were generally more upbeat about the economy and strength of the housing market in December, according to Fannie Mae’s latest poll.
Why Having One Spouse On a Home Loan Mortgage
When a mortgage qualification involves co-borrowers, lenders use the lowest credit score among them to determine the rate. The threshold for the best jumbo-mortgage rates usually is a score of 740, but some lenders may want 760 or higher.
2016 is The Time to Buy a Home
Is now the time to buy a home? Making such decision always requires many considerations. First, you have to pinpoint the most convenient location to live and assess the affordability of housing. You need to find out how much house you can afford and the cost of borrowing, given your financial profile.
30-Year Mortgage Rate Tops 4%
U.S. mortgage rates rose, with the 30-year average topping 4 percent for the first time in five months.
New Home Residential Construction Activity In November
Median sales price of new houses sold in November 2015 was $305,000; the average sales price was $374,900. The seasonally adjusted estimate of new houses for sale at the end of November was 232,000.
More Foreign Real Estate Investors for 2016
Most foreign investors expect to put more money into U.S. property this year than they did in 2015, with New York remaining the top target market worldwide.
New Home Construction News from HUD and Census Bureau
Privately owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,289,000. This is 11.0 percent (±1.6%) above the revised October rate of 1,161,000, and is 19.5 percent (±2.0%) above the November 2014 estimate of 1,079,000.
FHA Announces New Loan Limit To Take Effect January 1st
Due to changes in housing prices, the maximum loan limits for forward mortgages increased in 188 counties. There were no areas with a decrease in the maximum loan limits for forward mortgages.
Credit Score Tips for the Holiday Season
If you are planning to get home loans to buy home, be aware of the impact of using your credit cards during this season to your credit score.
FHA Loan Condominium Approval Requirements
FHA-approved condominium projects require recertification after two years to ensure that the project is still in compliance with FHA loan eligibility requirements.
Changes to FHA loan limits for California and the rest of the country
In December 2014, the Department of Housing and Urban Development (HUD) announced the 2015 FHA loan limits for California and the rest of the country.