Monthly Archives: January 2012

Fannie Mae & Freddie Mac revise policies

  Fannie Mae and Freddie Mac revise policies on mortgage forbearance By Kenneth R. Harney January 22, 2012 On loans they own or have securitized, Fannie and Freddie are directing servicers to suspend or reduce monthly payments when a borrower … Continue reading

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Shopping for the Best Interest Rates

  Shopping for the best rates The New York Times Interest rates are the lowest in decades, enticing many borrowers to shop for a loan.  Mortgage lenders adjust their rates based on perceptions of risk, so unless the borrower can … Continue reading

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December – Existing-home Sales Show Uptrend

  December Existing-Home Sales Show Uptrend Washington, DC, January 20, 2012 Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors®.

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Southland December Home Sales, Prices Fall Short of a Year Earlier

Southland December Home Sales, Prices Fall Short of a Year Earlier January 17, 2012   La Jolla, CA—Southern California home sales surged last month from November – as they normally do – amid relatively strong activity under $300,000 and a … Continue reading

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Mortgage Rates Continue Trend of Record-Breaking Lows

Mortgage Rates Continue Trend of Record-Breaking Lows MCLEAN, Va., Jan. 12, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates easing to new all-time record lows for all … Continue reading

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Current Santa Barbara Area Beach Sales

JANUARY  2012 Following is a list of “beach” properties either privately or publicly for sale by various agents.

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Housing a strong voting issue in presidential election

Housing looms as strong voting issue in presidential election By Lew Sichelman January 8, 2012 Although fixing the sagging economy is the biggest concern for potential voters, four national surveys undertaken by real estate organizations indicate that housing is also … Continue reading

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30-year Fixed-rate Mortgage Matches All-time Record Low

30-year Fixed-rate Mortgage Matches All-time Record Low MCLEAN, Va., Jan. 5, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates starting the year at or near their … Continue reading

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Record low mortgage rates haven’t rescued housing

Freddie Mac: Record low mortgage rates haven’t rescued housing Dec. 29, 2011 Lenders were offering 30-year fixed-rate mortgages to solid borrowers at an average of 3.95% this week, according to Freddie Mac, the ninth consecutive week of rates at or … Continue reading

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