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 [...]

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 [...]

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 [...]

Part 1: Making Homes More Affordable in the Bay Area- Stimulus Housing Refinance

What is “Making Home Affordable” all about?

Making Home Affordable is part of President Obama’s comprehensive strategy to get the housing market and Bay Area housing back on track. Through the Making Home Affordable Program, up to 9 million households may be eligible to refinance or modify their loans to a payment that is affordable now [...]

Homeowner Affordability and Stability Plan- Mortgage news for the Bay Area

President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes. The Homeowner Affordability and Stability Plan includes two initiatives to help struggling homeowners. One is a refinancing program for homeowners with less than 20% equity in their homes, or who owe more than their home [...]