With Station Fire burning for the last week or so, home insurance carriers are taking a strong stand when it comes to providing fire insurance to Pasadena home buyers.
A United States Forest Service air tanker drops fire retardant next to a line of fire as the Station fire burns ...
PMI stands for Private Mortgage Insurance. This is an insurance that protects lenders against potential borrower defaults and is usually a requirement for any home loans where the home buyer puts less than 20% down.
Historically, PMI was one of those real estate expenses that could not be deducted, but ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
By: Brian Brady
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 ...
By: Brian Brady
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 ...
