The San Diego HARP 2.0 Refinance Program is still going strong.  Although San Diego Mortgage Rates have crept up lately, if you are considering a HARP 2.0 refinance, the rate you can get today will still be far superior to your current rate from 2009. I am currently helping 2 sisters who bought a rental […]

Last week was packed with reports that caused San Diego Mortgage Rates to improve slightly.  All eyes were on the minutes from the Fed’s January meeting of the Federal Open Market Committee. The minutes showed that several Fed members would like to halt the Quantitative Easing program of buying mortgage bonds sooner than originally planned, […]

HUD (Housing and Urban Development) recently announced several changes that not only affected FHA loans, but also San Diego Reverse Mortgages. In an effort to strengthen FHA and the reverse mortgage program, HUD has decided to eliminate the Standard Fixed Rate Option for their HECM (Home Equity Conversion Mortgage) program starting April 1st, 2013. The […]

As I write this post at the end of another beautiful weekend where we experienced 70 and 80 degree weather, it makes me grateful that I am a mortgage broker in San Diego.  I wish the rest of my fellow San Diegans a wonderful President’s Day Holiday. You can see in the chart at the […]

This last week showed San Diego Mortgage Rates slightly increase as the mortgage bond market continued to lose ground to money flowing into the stock market.  Remember that the bond market and interest rates are inversely related. This week starts off quiet as far as financial reports that could have an impact on San Diego Interest […]

In an article I posted last week, titled “San Diego FHA Home Loans Will Undergo Big Changes Soon”, I talked about a number of changes that HUD recently announced regarding their FHA program.  That announcement though, did not have any implementation dates and was week on specifics. In Mortgage Letter 2013-04 released on Monday, HUD […]

The Federal Housing Administration (FHA) announced Wednesday that it will be making some major changes to its programs in an effort to shore up its finances.  That means buyers who were hoping to get a San Diego Home loan using the FHA program need to take action soon or will have to comply with the […]

In 2013, VA Loans in San Diego County will have a limit of $500,000 for 100% financing.  This is an increase from $477,000 for 2012.  VA Home Loans in San Diego are available above $500,000 with a small down payment.  As a San Diego Mortgage Broker, we have lenders who will go up to $1.5 […]

The American Taxpayer Relief Act of 2012 was passed on January 1, 2013. The ATRA included a benefit for those who have or will choose a Low Down Payment Loan in San Diego with Mortgage Insurance. Borrower-paid Mortgage Insurance (MI) premiums are now tax-deductible through 2013. They have also been made retroactively tax deductible for […]