Temecula CA home loans, real estate loans, home finance information – George Moring

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Updated 11/16/2009 Rates, first time buyer program EXTENDED!

November 16th, 2009 4:25 PM

George Moring Rates have been doing well the last few days. Making a run towards those ulta low levels at this point. Great time to buy a home.... for those that fit the paramaters. November 16 at 3:41pm

George Moring Loan limits were announced by FNMA today, and they will remain the same at 417k for 1 unit (they go up for multiple units up to 4). The high cost loan limits will also remain in available for 2010, 500k in Riv. county and 729,750 four our highest cost areas (OC, SF, etc.) No surprise here, but at least they didn't go DOWN! Fri at 1:58pm

George Moring WOW, those rates continue to stay low. Again, an excellent opportunity for those that CAN get into a home. Great price, great rates, possible tax refunds. No wonder we have so many buyers! Also, today is beautiful, enjoy it, cause 11/10/09 will only happen once. November 10 at 1:12pm

George Moring All you agents know the FTHB (First Time Home Buyer) tax credit was officially extended. Devil is in the details, and there are a lot of them. Best advise is to have a good article or link to give your buyers, and DON'T tell them they will or will not get it. Lots of gray areas when there are co-borrowers, move up buyer time frames and income limits (that just changed!). November 6 at 2:25pm

George Moring

NAR has a good write-up, but they might be considered biased. A good third party in my opinion is Turbotax. Google will find it for your clients Type: turbotax first time buyer -or- here is a link http://turbotax.intuit.com/support/kb/tax-content/tax-tips/6360.html

November 6 at 2:27pm ·

George Moring I think I missed my rate update last week. Anyways, they have been slowly improving so getting down to those low levels again. Under 5.0 is within reach for just a % of a discount point to the best borrowers out there. Big news again is the unemployment this friday. Fed meeting today was as expected. November 4 at 4:15pm

George Moring hears all the buzz about the first time buyer program these last few days. I sure hope it get's extended, take some pressure off these "almost approved" short sales in the pipeline. Positive thoughts everyone. October 29 at 2:10pm

George Moring Those rates sure are wild this week. Still nice and low (up from the very lowest), but very volitile. October 21 at 6:01pm

Posted by George Moring on November 16th, 2009 4:25 PMPost a Comment (0)