Home Path financing Update: Fannie Mae Offers New Closing Cost Assistance and Appliance Incentive for Homebuyers…

Fannie Mae is offering a 3.5% incentive for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties owned by Fannie Mae that are closed within this period may receive up to 3.5% of the final sales price for:
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California ups home buyer tax credit

News from the Cyberhomes blog that could impact you if buying a home or assisting your client in a purchase.
California’s real estate market may again become golden for some home buyers now that Gov. Arnold Schwarzenegger has proposed up to a $10,000 tax credit for those who purchase new or existing homes in the state.
Program [...]

Two Reasons Why Now Really May be a Great Time to Buy a Home

This is a great article a friend forwarded to me.  I cant agree more. Rates are low for only a short period. It’s like the FED is holding them don like a Basketball underwater. When that’s finished sky’s the limit. Now is the time to purchase your home or refinance if your home is underwater.  [...]

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, [...]

Bay Area Weekly Mortgage, Interest Rate and Real Estate News

This weeks trend,
Rise in mortgage rates:
Freddie Mac has announced that the mortgage rate (30-year fixed rate) for the week ending May 7 rose to 4.84%, from 4.78% for the earlier week. Incidentally, 4.78% was an all-time low. The rise in rate is significant more from a directional perspective than from the point of view of [...]