East Bay Mortgage News

Cari Anderson's East Bay Mortgage Update for August 11th 2010 Economic News:  The announcement yesterday from the Federal Open Market Committee (FOMC) retained the statement that "rates are expected to remain low for an extended period".    In addition, it was noted that "the pace of recovery in ...

Cari Anderson's East Bay Mortgage Update for August 9th 2010 Economic News:  No real economic news to report for today and a fairly light calendar for the rest of the week so enjoy the "Dog Days of Summer" as many are "Out to Lunch" for the next couple of weeks.  Fannie Mae has introduced a new w...

Cari Anderson's East Bay Mortgage Update for August 6th 2010 Economic News:  Yesterday's Jobless Claims report was a bit disappointing. With the week ending July 31st the initial jobless claims rose 19,000 to 479,000.  The four week moving average is still below last month's level which is a posi...

Cari Anderson's East Bay Mortgage Update for August 4th 2010 Economic News:  Tuesday's report on Personal Income & Outlays (reflecting June 2010 results) showed that from a month over month comparison both income and spending were flat.  Looking at a year over year time horizon personal income wa...

Closing Costs Explained: Part One - Origination Fees I've often wondered how a good faith estimate, an initial closing cost fee sheet and/or an estimated settlement statement must look to a first time home buyer. All of these documents itemize the various closing costs involved in purchasing thei...

Cari Anderson's East Bay Mortgage Update for August 2nd 2010 Economic News:  The Stock Market has started off strong today and taken a bit of the wind out of the sails of the Bond Markets.  This morning started with the release of the ISM Manufacturing Index. (The Institute for Supply Management ...

In a recent article released by DSNews.com, Fannie Mae and Freddie Mac are starting to initiate foreclosures at a quicker pace. Between the months of May and June GSE-initiated foreclosures rose 21 percent. This is said to be due mostly to HAMP Program cancellations from initial trial plans. Most...

Memorial Park / San Ramon and Danville Area Parks Summer is in full swing and that means it's time to hit the parks. The San Ramon/Danville area has absolutely fantastic parks to take advantage of. With average summer temperatures around here in the high 80s, most of the parks also have water fea...

Cari Anderson's East Bay Mortgage Update for July 28th 2010 Economic News:  Yesterday's Case-Shiller Home Price Index results for May showed continued strength.  This index represents a three month moving average and for this report contained March, April & May data.  Consumer Confidence was also...

Cari Anderson's East Bay Mortgage Update for July 26th 2010 Economic News:  While we have a busy week ahead for economic reports we just have the New Home Sales numbers for today.  There was a rebound from the very soft report for May and the June figures came in at the high range of consensus wi...