San Jose, Bay Area and California Mortgage Blog

In last 3 weeks, 30 year fixed mortgage rates have gone up 34 basis points for Sunnyvale, CA homes. In the latest results of its Primary Mortgage Market Survey® Freddie Mac reported 30-year fixed-rate mortgageaveraged 5.05 percent with an average 0.7 point for the week ending December 24, 2009. ...

  FHA delays implementation of HVCC for Sunnyvale Home Loans until February 15, 2010. FHA announced today that the enactment of Appraiser Independence has been delayed. This was originally planned for a January 1, 2010 implementation. On the lines of HVCC, the FHA policy prohibits mortgage broker...

Your weekly dose of economy and mortgage market news that affects mortgage rates for San Jose Home Home owners and buyers. The week that was: The statement from the last FOMC meeting wasnt much of a change. The fed stuck to keeping the rates low for "extended period". But how "extended" is "exte...

  A short sale is a transaction where a seller sells the property for less that what was owed. Short sale is increasingly becoming a common option to sell a house in Santa Clara County. If you went through a short sale you could have this question - Do I now qualify for a loan? FHA recently came ...