mortgage

Competition is getting high, listing prices are getting high, multiple offers are getting high and bidding is getting high. There are buyers everywhere but not enough homes to satisfy everyone’s needs!

Home purchasing is not an easy process! Depending on your unique situation and needs along with the current era of short sales/foreclosures, you will spend hours, days, months and in some case years before you will purchase and or move into your dream home. And we have not even touched on the subject of all the paperwork involved with this process.Do you know what to do? How to go about it?

As you may know that Interest rates are still the lowest in many years. So when folks are thinking about obtaining a new loan or even refinancing, most will only inquire about the rates that each lender/broker is offering and fail to ask or compare all the fees and commissions that may be tagged on to their total loan package.

Have you seen or heard about the lowest Interest rates you can get these days? Ever wonder

why you may not be the one getting the lowest rate? Relax! Charlett Jensen with Diversified Mortgage Group in Pleasanton explains the various factors that help determine your interest rate!

When purchasing a home or refinancing:

I hope you are enjoying the spring season and fine weather. Now is the time to purchase a home! The timing is good for three reasons:

The first one is interest rates. They have drifted down the past couple of weeks and are now in the 4.5% to 4.75% range for a 729k mortgage loan. These are still at 40 year lows. The govt. has been the largest buyer of treasury securities as part of their second “quantitative easing” or QE2 program. This govt. intervention has kept rates low for the past couple of years. This program is ending at the end of June and rates are expected to rise at that time.