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 [...]

Expansion of First-time Home Buyer Tax Credit for the Bay Area’s home buyers-

Recessions hit us all differently.  Al Capone once complained that hard times forced him to lay off 4 judges and 2 Congressmen. In this case the rescission is benefiting you if you’re a first time home buyer. The Stimulus package that was recently signed by President Obama did include tax credits that will [...]

Bay Area Mortgage Market News- Some clarity for the Stimulus Package:

“GOOD COMMUNICATION IS AS STIMULATING AS BLACK COFFEE…AND JUST AS HARD TO SLEEP AFTER.” Anne Morrow Lindbergh And communication on the new $789 Billion Stimulus Plan has been flying fierce over the past week, resulting in late nights for Congress and probably more than a few cups of coffee. President Obama is certainly hoping [...]

First Time Home Buyers $8,000 Tax Credit for Bay Area Purchases-

The Bay Area and myself expected a $15,000 tax credit for all home buyers in the economic stimulus package that was signed this week. Instead I would describe the bill as mediocre,  pathetic, and somewhat lame.  The $789 billion bill at least cuts $100 billion of wasteful spending that would have otherwise been spent, but [...]

East Bay Mortgage Market Update-

Warren Buffett is known as the Oracle of Omaha, but Pimco’s Bill Gross is known as the Sage of the Bond Market.  His insight is typically accurate, and today he confirmed what many had been expecting: mortgage rates should be dropping to 4.5%.  In an interview on CNBC, Gross noted: “I think at [...]