Mortgage Market Commentary

Perhaps you’ve heard the term “conforming loan limit” while shopping for home loans in San Diego. What are these limits? … and more importantly, what do these limits mean for you? We hear these questions from our clients frequently, and for purchasers, the answer has important implications for they type of home you may be […]

With the New Year upon us, new mortgage loan regulations went into effect as of January 10, 2014. As a San Diego mortgage broker, I realize that you will want to know how these regulations will impact you especially if you are buying a new home for the first time, thinking of moving from your […]

The announcement that all mortgage brokers, realtors, and potential buyers have been fretting, occurred late last week.  The Fed announced that it will begin tapering its Bond purchase program by $10 billion per month.  And even though everyone was expecting it to happen at some point, it was a surprise that it happened in December […]

Hold the Presses!  The recent announcement of fee increases to loans purchased by Fannie Mae and Freddie Mac may not go into effect after all or at least will be delayed! This news came out late on Friday when Mel Watt, current U.S. Representative, who is scheduled to be sworn in as director of the […]

The Federal Housing Finance Agency (FHFA), which is a federal agency that regulates Fannie Mae and Freddie Mac and sets policy with regards to loans made by them, has been requiring Fannie and Freddie to implement gradual increases in fees.  This is being done to move their pricing closer to the level you would see if mortgage credit risk […]

HUD just announced last week the new FHA loan limits by county for 2014.  Home buyers in San Diego will be surprised by how much the loan limits were decreased.  San Diego experienced the largest decline of any Southern California County. You can see the current limits, new 2014 limits, and the amount of change […]

Once you have received a pre-approval from your San Diego Mortgage Broker, you might be wondering what happens next. The steps you follow afterward are fairly straightforward and I am going to walk you through the entire process from start to finish. If you haven’t already been pre-approved and are a looking for a San […]

This last week, incoming Federal Reserve Chairwoman Janet Yellen, was on Capitol Hill for her confirmation hearing, as Fed Chairman Ben Bernanke is stepping down at the end of January. Her statements signaled that the Fed’s current Bond purchase program will continue, as the economy is still running below the Feds goals. This should be […]

All eyes last week were on the government and how the shutdown and debt ceiling issues would be resolved.  The good news is that a “deal” was agreed upon before the October 17 deadline, as the government voted to fund itself through January 15, 2014 and extend the debt ceiling limit through February 7, 2014. […]