Pasadena Mortgage rates for July 25, 2008. Loan amounts up to $417,000:

3/1 ARM 5.625%

5/1 ARM 5.750%

7/1 ARM 6.125%

10/1 ARM 6.375%

30 Yr Fixed 6.375%

All rates offered to the borrower with 1 point cost. Rate quotes ...

We may have seen the worst in the run up in mortgage rates

Pasadena Mortgage rates for July 22, 2008. Loan amounts up to $417,000:

3/1 ARM 5.750%

5/1 ARM 5.875%

7/1 ARM 6.250%

10/1 ARM 6.500%

30 Yr Fixed 6 ...

Pasadena Real Estate blog welcomes Brian Brady!

Pasadena Real Estate Blog is very excited to announce that Brian Brady is going to author weekly posts about mortgage rates and mortgage industry.

Brian is a 19 year veteran of the financial services industry. He started his career with Merrill Lynch, as ...

In the wake of Pasadena California IndyMac bank being seized by Federal Regulators today, the question most of us are asking is how safe are our deposits whether we were banking with IndyMac, WAMU, Wachovia, Wells Fargo or any other bank?

A quick background for those of you that are ...

One of my readers emailed me and posed this question about FHA loans today:

Is there a set rate for FHA home loans that's standard around the country?

For complete information about FHA loans and programs, I'd suggest visiting FHA's website at www.fha.com

I also ...

First time home buyer programs are so importnat that Pasadena Real Estate Blog welcomes our new guest writer - Sean Thomas Furlong of The OCD Group who specializes in first time home buyers. Sean is an expert when it comes to government assistance programs for first time buyers. He will be ...

Pasadena home buyers asking home sellers to pay for some of their closing costs need to be very careful at how the California Purchase Contract is written.

There are two types of closing costs. They are Recurring and Non-Recurring costs.

Recurring Closing Costs are charges or fees which will occur ...

To continue with my series of FHA posts, today, we're going to look at advantages and disadvantages of getting an FHA loan.

ADVANTAGES:

• LOW CASH OUTLAY - Pasadena buyers can get an FHA loan for as much as 97% of Pasadena home purchase price. Only 3% down, not a bad ...

Yesterday, I outlined FHA NON Allowable expenses for a seller to be aware of when considering an offer from a buyer using FHA financing.

READ MORE: What Pasadena Sellers need to know about FHA Loans - Part I

Today, I wanted to provide both the Pasadena sellers and Pasadena buyers with ...

FHA loans have been in the news recently due to the increase in the FHA mortgage limits, up to $729,750 for single family homes and the fact that buyers can get an FHA loan with a much smaller down payment - as low as 3% down.

READ MORE: Distressed markets ...