Team Junell - Tri-Valley Homes for sale in Pleasanton, Dublin, Livermore & San Ramon
Real Estate and Homes for sale in Pleasanton, Dublin, San Ramon and Tri-Valley
If you refinanced your mortgages a year or so ago, when interest rates averaged just below 5 percent for a 30-year fixed-rate loan, you may be wondering whether it’s time to refinance yet again now that rates are at least a full percentage point lower. With the average rate on a 30-year loan at or… Read More
Unfortunately, a common question we get from homeowners involves underwater homes. “Underwater” is real estate industry slang for a house that’s mortgaged for more than it is worth. The sad news is that a lot of people are in this situation and up until now, refinancing has been almost impossible for most who have an… Read More
The most surprising comment that we as realtors hear is: “I cannot buy a home because I don’t have enough money saved up for a down payment.” This comment surprises us, because contrary to popular belief, there are still lots of house purchase options available to average people that do not involve a down payment…. Read More
Are you ready to pay a higher mortgage rate? More than 30,000 California families could face higher down payments, higher mortgage rates, and stricter loan qualification requirements if conforming loan limits on mortgages backed by the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac are reduced beginning October 1, 2011, according to a recent… Read More
Have you been thinking about buying a fixer-upper in the Tri-Valley while prices are down? Are you holding off out of concern that the cost of the repairs could drain your savings account? If so, then this may be just what you’ve been waiting for, the Federal Housing Administration’s (FHA) 203(k) rehabilitation program. The FHA’s… Read More
Home buyers had a big victory in Washington D.C. this past week. On Wednesday, June 30 Congress approved the Home Buyer Assistance and Improvement Act (H.R. 5623) which extends the Home Buyer Tax Credit closing deadline to September 30, 2010. This extension only applies to buyers who entered into a purchase contract by April 30,… Read More
The Federal Reserve has been purchasing mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac since early last year. The purchase program has helped maintain low interest rates for borrowers. As planned, the Fed this past week announced it will stop purchasing these securities at the end of this month. With the Fed discontinuing its… Read More
President Obama is expected to sign a resolution passed late yesterday by Congress extending the current limits for Fannie Mae, Freddie Mac, and FHA loans through 2010. The limits were set to expire at the end of this year. This is especially critical for the Tri-Valley, where more than 80 percent of all loans are… Read More
The Home Valuation Code of Conduct (HVCC) is playing havoc with real estate transactions. HVCC regulations came into effect on May 1st and limit the contact between appraisers, lenders and REALTORS® when Fannie Mae and Freddie Mac loans are used in a transaction. The unintended consequences of the new regulations are that many consumers now… Read More
There are a lot of buyers buying homes in the Tri-Valley today. We’ve just ran the numbers for the Tri-Valley cities. The following shows the percentage of homes that are under contract in each city. In other words the number of homes which have buyers buying them today! Percentage of homes with buyers… Read More
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