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Zillow says my home is worth how much!?!

home-equity

Do you know how much money you have in your 401K? The answer is probably yes, give or take a few thousand dollars. Do you know how much money you have in your investment account? The answer is probably yes. That is great! Do you know how much equity you have in your home? The […]

Orange County Housing Update. Have sellers become overzealous?

Housing Update

In short, the easy answer is a resounding YES. The active listings in Orange County have nearly doubled (up 87%) between mid-March 2013 to the end of August 2013. It has been since the subprime meltdown (6 years ago) that so many homes came on the market in such a limited time period. What happened? […]

Mortgage rates hit lowest level in two months.

lowerinterestrates

The decline in rates is directly related to the Fed’s decision last week to postpone the start of the massive monetary stimulus. In other words, the feared “Tapering” will not start anytime soon. The reason for their decision is based on the fact that they would like to see more evidence of solid economic growth. […]

Home prices in Southern California take a breather!

home-price

Home values in August were on the same level as they were in June and July, indicating that the torrid market is cooling off. The median home price in Southern California remained around $385,000 still good for an increase of 24.6% compared to August 2012. This is great news for people that started to become […]

Jumbo loans getting cheaper!

Fortune Cookies

Although mortgage rates have been rising to levels not seen for two years, lenders are now offering rates near and sometimes lower than interest rates for conforming loans. Here in Orange County, Jumbo loans are defined as mortgages over $625,000. This is an unprecedented situation, because jumbos historically have come at a premium. You may […]