The Federal Housing Administration (FHA) recently announced a significant mortgage rule change that will allow some borrowers to get a new FHA loan just one year after a foreclosure, short sale, deed-in-lieu or bankruptcy as part of the new “Back to Work – Extenuating Circumstances” program. To be eligible for the program, borrowers must be […]
Temecula & Murrieta – Home Values Continue to Surge In August!
National home values have risen or remained flat month-over-month for almost two years, but August marked the third consecutive month in which monthly home values rose more slowly than the month prior. After the pace of monthly home value appreciation peaked for the year at 0.9 percent in May, monthly home value growth slowed to […]
Temecula & Murrieta – 30-Year Fixed Mortgages Plunge To Lowest Level in Three Months
Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.17 percent, down from 4.38 percent at this same time last week. The 30-year fixed mortgage rates fell sharply Wednesday to 4.24 percent and remained relatively stable for the majority of the week before […]
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