On Thursday April 11th, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program (San Diego HARP 2.0) by two years to December 31, 2015. “More than 2 million homeowners have refinanced through HARP, proving it a useful tool for reducing risk,” said FHFA Acting Director […]

Reverse Mortgages Explained I had the privilege of being on the Word on Wealth radio show on KPRZ (K Praise) with my father, Jerry Sleder, on Monday to discuss San Diego Reverse Mortgages.  I have posted the audio below for those who were not able to listen or did not know we were going to [...]

San Diego Mortgage Rates had a great run last week and began this week the lowest they have been since January of this year.  The movement lower was due to several poor economic reports released last week. Last Friday, the Labor Department reported that 88,000 jobs were created in March.  That was less than half […]

Are you shopping around for the best Mortgage Broker in San Diego to help with your home loan? Here’s the “Inside Scoop” on how to do it right! First, make sure you are working with an experienced, professional San Diego Mortgage Broker or banker. A home loan is the largest financial transaction of your life [...]

Financial news was slower last week and the beginning of this week due to US markets being closed on Good Friday and overseas markets closed today for Easter Monday.  This allowed mortgage bonds to continue their upward trend and San Diego Mortgage Rates to improve back to where they were in the middle of March. […]

There was good economic news last week as retail sales increased 1.1% in February, up from 0.2% in January. This was the biggest gain in the retail sales number in five months, but that good news did not stop San Diego Mortgage Rates from improving slightly at the end of last week and Monday morning.  […]

San Diego VA Streamline Loans The San Diego VA Streamline Loan or VA Interest Rate Reduction Refinance Loan (IRRRL) allows borrowers to lower their interest rate by refinancing their existing San Diego VA home loan. In order to use the San Diego VA streamline, the loan being refinanced must be a VA loan.  The Veteran [...]

The financial reports released last week caused mortgage bonds to fall each day of the week. This caused San Diego Interest Rates to increase to the highest levels in several months. The February Jobs Report showed that 236,000 jobs were created, well above the 165,000 that was expected. Private employers added 246,000 new jobs in […]

Last week’s financial news showed lower incomes, modest spending growth, and little inflation in sight. What does all of this mean for San Diego home loan rates? It means the Federal Reserve will likely continue their Bond purchase program, known as Quantitative Easing (QE) to try to continue to hold mortgage rates low. In fact […]