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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…
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