Gary Ogami's (gogami) Blog

I want to provide you with a quick update, and some useful information when considering home finance options. First, here's the quick update. Mortgage rates are back to 50yr lows across the board - for fixed and adjustable rate conforming limit loans. Unfortunately, jumbo loans are still high as ...

It's been over nine months since The Treasury Department and The Fed announced that they would be purchasing mortgage backed securities (MBSs) and agency debt, which brought about a significant reduction on interest rates for fixed rate mortgages. In the meantime, we have seen ARMs virtually disa...

"When you wish upon a star, your dreams come true."  - from Disney's "Pinocchio", Ned Washington & Leigh Harline, songwriters Recently, I stayed up late to watch some of The Perseids - the annual meteor shower that takes place between late July and mid-late August. In the short time I watched, I ...