Mortgage Information

May 29, 2009

$8,000 Tax Credit Can Now be Used for Down Payment

There are multiple announcements about how home buyers can now use the $8,000 tax credit to use as the down payment on their home purchase. Let no one say that I'm a "party pooper", but somehow, I can not get excited by this announcement.

Why? Well... let's ...

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Feb. 2, 2009

LAUSD Employee? Special Home Loans are Available ONLY to You!

If you are an LAUSD (Los Angeles Unified School District) employee, you may qualify for a special home loan through CalSTERS. This special home loan program is open to over 700,000 CalSTRS members including LAUSD employees and college educators.

To assist in purchasing your Pasadena home, CalSTRS offers an ...

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Nov. 25, 2008

Pasadena Mortgage Rates Report: Home Buyers and Owners waiting to Refinance NOW is the TIME!

I just got off the phone with my personal mortgage consultant - Mondie Pic'l at Wells Fargo. Today, Pasadena mortgage rates have hit the lowest that we'd seen in quite some time. I have asked her to lock the mortgage rate for me and will be refinancing my home ...

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Nov. 19, 2008

Pasadena Mortgage Rates Report - November 19, 2008

by Brian Brady

The economy is really sick:

Today's CPI report signals deflation, or a prolonged price slide, may become another hazard facing Federal Reserve Chairman Ben S. Bernanke and President-elect Barack Obama. Deflation could worsen the economic downturn by making debts harder to pay off and countering ...

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Oct. 29, 2008

Pasadena Mortgage Rates Report: Fed Cut To Prompt Lower Mortgage Rates Into November?

 

We analyze Pasadena mortgage rates by examining the mortgage-backed securities market
and its reaction to economic data and events. Today, the Federal Reserve cut
the Fed Funds rate to an historical low of 1%:

The Fed funds rate target is now ...

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Oct. 26, 2008

Pasadena Mortgage Rates Report: October 27, 2008

brian_brady

Friday, Pasadena mortgage rates jumped from 5.875% to 6.25% as mortgage-backed securities traders joined the world wide sell-off. Global stock markets plunged Friday and the Asian markets were weak for Monday. Investors world wide don't want to be invested ...

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Oct. 21, 2008

Pasadena Mortgage Rates Report - October 21, 2008

Brian Brady

By: Brian Brady

America's #1 Mortgage Broker

Pasadena Mortgage rates are finally below 6.0% again. If you're closing on your Pasadena home purchase in October, take any rate under 6.0% and lock it in to closing. In the beginning of the month, I suggested to wait ...

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Oct. 14, 2008

Pasadena Mortgage Rates Report - October 14, 2008

Brian Brady

By: Brian Brady

America's #1 Mortgage Broker

If you're closing your loan after Friday, I left you naked (not locked). I told you that the fundamentals of the economy would bring rates lower after the bailout was announced. Rates were at 5.875%, today they're at 6 ...

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Oct. 3, 2008

Pasadena Mortgage Rates Report - October 3, 2008

Brian Brady

By: Brian Brady

America's #1 Mortgage Broker

The bailout bill passed the House after a decisive victory in the Senate; it is certain to be signed into law by President Bush. From Bloomberg.com:

These steps represent decisive action to ease the credit crunch that is now threatening our ...

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Sept. 26, 2008

Pasadena Mortgage Rates Report: September 25, 2008

brian_bradyby Brian Brady

We are advising clients to delay locking their Pasadena mortgage rates until the Bailout hearings are over. That could change in a New York minute so keep checking our mortgage rates report daily. We could change if the mortgage bond markets start reacting to an expected bailout ...

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