Bank of America is ready to roll out a new program to finance jumbo loans (up to $1.5 million), with 30-year fixed rates starting in the upper 5% range. Don’t expect B of A to sell the jumbos to bond traders this time around...
Read MoreStatewide, 29,225 homes were sold in February, down .8% from January and up 42.5% from one year ago. In Southern California, 15,231 were sold, statistically unchanged from January and up 41.3% from one year ago. The statewide...
Read MoreIn the Bay Area, 5,032 homes were sold in February, which unlike 2008 was essentially unchanged from January but still up 26.1% from one year ago. The median price fell in the Bay Area to $295,000, dipping below $300,000 for the...
Read MoreEven with good credit, potential homebuyers seeking jumbo mortgages—loan amounts exceeding Freddie Mac and Fannie Mae limits for conventional home loans—are coming up empty-handed. According to the Wall Street Journal, ING is...
Read MoreHomeowners throughout California have been receiving mail from companies soliciting reassessment services, the L.A. Times reports. While a reassessment should help homeowners reap lower property taxes in this post-bubble era,...
Read More
