Will Homeowners and Buyers Lose $45,000?

Will Homeowners and Buyers Lose $45,000?
Ann Arbor, MI August 13, 2009 – Federal Reserve officials met yesterday and issued a statement saying that their program to purchase $1.25 trillion of mortgage-backed securities will be winding down by the end of year. “The Fed is the single largest buyer of mortgage bonds in the market [...]

Bay Area Weekly Interest Rate Update- Pricing Up, trend to lock

According to Freddie Mac, the 30-year fixed mortgage rate jumped to an average 5.32% this week, from 4.91% last week. While refinancing activity has been hit by the rising rate, home purchases continue to rise. It looks as though home buyers are jumping in now, in case the rates rise further. Diane Saatchi, senior vice [...]

Interesting Perspective on Bay Area Interest Rates-

Interesting Perspective on Bay Area Interest Rates-

NEW YORK (CNNMoney.com) — The government is going deeper into hock and that’s starting to make people nervous.
Investors have been dumping long-term Treasurys as of late on concerns about a glut of bonds flooding the market this week. And that’s pushed rates, which move in the opposite direction of [...]

Feds reverse rule to assist first-time home buyers downpayment assistance

Federal officials on Monday reversed an earlier decision to allow first-time home buyers to use an $8,000 tax credit to borrow the down payment on a home.
A week earlier, U.S. Department of Housing and Urban Development Secretary Shaun Donovan had told the National Association of Home Builders that HUD would let banks and local governments [...]

First Time Home Buyers- Mortgage Protection Program

On Thursday, April 2, 2009 the Housing Affordability Fund has launched a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations.
To qualify for the Mortgage Protection Program, [...]