Category Archives: Mortgage Rate Updates

San Marino Mortgage Rates Report – December 22, 2008

San Marino Jumbo rates are at 6.5% fixed for 30 years!

San Marino Mortgage Rates Report: November 19, 2008

The risk of interest rates moving higher than 6% is great!

FNMA Announcement – Shall We Dance?

FNMA announced today that it’s raising its Loan to Value (LTV) limits.  This means that home buyers can put a lot less money down to buy their dream home.  It all sounds great, right?  Fabulous news! NOT Really! Well it’s not as it seems just like all the other announcements that have been made recently. …

Fed Rate Cut affects Pasadena and San Marino Real Estate

The Fed announced another rate cut. The rate has been cut by .75% yesterday. What a great time to get or refinance a HELOC (Home Equity Line of Credit). If you need a recommendation to a good lender, let me know and I’d be happy to provide several references.

What will the Economic Stimulus Package due for you?

On February 13th, President Bush signed the Economic Stimulus Bill into law.  There has been a lot of confusion as to the details with the most critical question what will the new conforming loan amount be? A conforming loan amount is simply the amount of money that a bank will lend you at lower interest…

Mortgage Rate Update: February 15, 2008

If you’ve been following my updates on The Industry Minute, you know that the President signed the Stimulus Package on Wednesday, February 13th. I also informed you that Wednesday’s Retail Sales Report led to deteriorated pricing and the volatility continued throughout the week! This week’s Consumer Sentiment Report wasn’t too bad, translating into healthier corporate…

Mortgage Rate Update

Daily Mortgage Rate Update by Ricardo Bueno The major line-ups on the Economic Calendar for this week are: Retail Sales & Crude Inventories on Wednesday Balance of Trade & Initial Jobless Claims on Thursday, and Industrial Production, Capacity Utilization & Consumer Sentiment on Friday Over the last week rates have been holding consistently between 5.375%…

Floating and Locking in the world of Interest Rates

I asked my friend Ricardo Bueno, a Pasadena Mortgage Broker to explain in detail the difference between locking and floating a loan and what does that mean.  Here’s his post – Enjoy! Lock or Float? Mortgage Rate Locks Defined! If you’ve been following the Daily Mortgage Updates here on The Industry Report, I’ve been giving…

Pasadena Mortgage Rate Update: January 22, 2008 + Emergency Fed Funds Rate Cut!

“Better get under cover, Sylvester. There’s a storm blowin’ up, a whopper.” Professor Marvel; The Wizard of Oz Just when you thought it was going to be a light week on the Economic Calendar, the Fed comes out with an Emergency Rate Cut! A total of 75 basis points (.75% down to 3.50%). The Bond…