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Buyers: Get Ready to Buy

HOME

I tell those who ask about buying in San Jose that now is not the time to buy; but, get ready. It seems like this economic misery has been with us forever but it has only been a short while … Read the rest

Buy Out of The Area

2nd Home

I am not a fan of San Jose Real Estate prices. As with many large cities the home prices can be way too expensive for most and buying a home seems unreachable.

Years ago I lived and worked in Orange … Read the rest

How is the Interest Rate Determined ?

100 Dollar Bills

Well, for an individual buyer the rate is determined by a lot of factors: primary home or investment home, loan size, Loan to Value, credit score, credit history, debt ratio, type of income, job history, job stability, w-2 or 1099 … Read the rest

All-Time Lows

Business Card Joe Adamson

Mortgage rates are at all-time lows…largely, because of economic concerns with Covid-19.

Mortgage pricing is based on numerous factors.  Base rates are pinned to mortgage backed securities (MBS) which compete with Treasury, and similar interest-bearing instruments for investor money.  Lenders … Read the rest