San Jose, Bay Area and California Mortgage Blog

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Mortgage and Lending - Arcus Lending - NMLS 8176

ARCHIVED BLOG POSTS

2010 

Weekly commentary of Sunnyvale, CA Mortgage Rates, Housing Trends and top Economy news. The week that was: Freddie Mac in its Primary Mortgage Market Survey® reported that the 30-year fixed-rate mortgage (FRM) averaged 4.93 percent with an average 0.7 point for the week ending February 18, 2010....
02/21/2010
The Mortgage Rates for a 5 Year adjustable rate mortgage (ARM) sank to 4% (and lower in some cases)* yesterday for California homes. Freddie Mac average rates released on yesterday reported 5 Year ARM at 4.27% at 0.6 points. But the rate improvements later in the day has opened up great opportun...
02/05/2010
Elimination of Spot Approvals and some other major changes for FHA loans for San Jose Condominiums. I. Elimination of “Spot Loan” Approval Process Earlier, if a condo project was not approved by FHA, a "spot approval" was allowed just for financing one unit. Now the entire project has to be appr...
02/01/2010
San Jose Mortgage Rates and economy weekly commentary. I review last week and preview the week ahead for news items that can affect mortgage rates. The Week that was: Freddie Mac reported in its Primary Mortgage Market Survey® that 30-year fixed-rate mortgage (FRM) averaged 4.98 percent with an ...
02/01/2010
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Shashank Shekhar

San Jose, CA Mortgage Broker/Lender
local_phone(408) 615-0655
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