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US Mortgage Rates Rise From Record Lows

U.S. mortgage rates rose in the latest week, rising from a record low matched during the previous week and countering government efforts to bring rates down to levels that will spur demand and help the hard hit housing market begin to recover. Interest rates on U.S. 30-year fixed-rate mortgages rose to 4.84 percent for the [...]

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California's Home Buyer Protection Program

A new fund established by the California Association of Realtors® gives first time buyers one more reason to make this the year to buy a home. Not only are interest rates incredibly low, after all, I’ve recently locked several loans at 4.95% and under for refinance clients. These rates are creating the opportunity to have [...]

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Lakewood, California 5 Year Housing Trends

Lakewood, California 5 year housing trends

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California's New 1ST Time Home Buyers Program

California’s New 1ST Time Home Buyers Program

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The Great Housing Bust of 2009, Is this what it should be called??

The Housing bust of 2009

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Making Home Affordable. The Saga Continues!

Making Home Affordable. The Saga Continues!

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Mortgage News from Last Week

Mortgage News from Last Week

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Homes For Sale In Lakewood,Ca

Homes For Sale In Lakewood,Ca

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Mortgage Rates Reverse Four Week Decline

Mortgage Rates Reverse Four Week Decline

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You Have To Be the Short Sale Quarterback

You Have To Be the Short Sale Quarterback

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FEBRUARY HOUSING STARTS UP FOR FIRST TIME IN EIGHT MONTHS

Nationwide housing starts increased for the first time in eight months in February

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Confession of a Lakewood Short Sale

Confession of a Lakewood Short Sale

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Lakewood,Ca Home Values and House Prices

Population: 80,055 $393,500 is the median estimate for a given geographic area on a given day. For Sale (295) Recently Sold (804) Lakewood Home Value Information Lakewood National Home Value Index: $204,577 $393,500 1-Yr. Change: -$98,000 -$24,101 Per Sq. Ft.: $337 $258 Flips (Sold Twice Within the Last Yr.): 1.1% 2.3% Turnover (Sold Within Last [...]

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Hello world!

Welcome to WannaNetwork Real Estate Networking. This is your first post. Edit or delete it, then start blogging!

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Rates Rise After Fed Meeting

Real estate investors were pleased to see that Mortgage rates held steady during the first half of the week, at least until Wednesday’s Fed meeting. As expected, the target for the Fed Funds rate remained unchanged, close to a level of zero. Heading into the announcement, the biggest question for investors was whether the Fed [...]

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Is a Lakewood Short Sale Really Worth It?

As home prices spiral downward in the state of California, the increasing number of mortgage defaults has been on the upswing during the past few years. Many homeowners today realize that what they owe is not what the home is remotely worth. As a result, foreclosures in California now skyrocketing  to a level that the average Californian homeowner is not prepared to handle. A great solution, that should [...]

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Last Week in Review

“IT’S A CRUEL, CRUEL SUMMER…LEAVING ME HERE ON MY OWN.” From 80′s band Bananarama And that’s exactly what potential home buyers and refinancers who stay on the sidelines might be singing. I sit here and look back at the events that took place this past week, and here are Bernie Germani’s thoughts. Although home loan [...]

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Supply Concerns Move Market

A new President took office, a large fiscal stimulus package moved closer to passage, and investors became more concerned about the impact of the enormous amount of debt which will be issued to pay for all the government programs. The most recent proposal called for an additional $825 billion to stimulate the economy. As the [...]

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Credit Markets Thaw Further

Rates on mortgages and interbank loans(what banks charge each other) slide. Demand surges for corporate bonds. In my opinion the global credit freeze is slightly improving, and thawing since the Treasury and the Federal Reserve launched a massive rescue of  the financial system last fall. The consumer is the best indicator of better credit market [...]

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You Need to Know This If Your Client has a Short Sale With an FHA Loan

Lakewood, California: If your client has an FHA insured loan please understand this. Your client will need an application (HUD Form 90036) to participate in a pre-foreclosure sales program, as well as a home-ownership counseling form (HUD Form 90038). The listing: Borrowers shouldn’t enter their house in the local multiple listing service until they establish communication [...]

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