Weekly Wrap-Up | 9/25/09 | Bay Area Mortgage Broker | Real Estate Home Loans

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"The Weekly Wrap Up"

Presented by Jason Wheeler

I hope you have been finding these emails for a few nuggets of information useful. My goal is to keep you informed and updated on what's new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients!

Great news from CA legislation for once. A bill was just passed to have banks make decisions on Short Sale offers within 21 days. This doesn't take effect until 1/1/2010 though! You can read more about it here!

Hot Programs!

• FHA 203K Rehab Loan. Perfect for today's REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
• Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
• 100% Financing with VA Loans!
• Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
• Fannie Mae Refinance Plus! Refinance your home up to 105% of the value.
• Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000

Below is a bit of news on the weeks pricing trends and mortgage rates!

• Conventional or FHA 30 Year Fixed No Points 4.875%
• Conventional or FHA 30 Year Fixed One Point 4.625%
• Conventional 5 Year ARM 4.125%

Here we are wrapping up Friday 9/25/2009 rates have been flat compared to the last two weeks at this time. We have not seen pricing this good since May. If you had to lock at all this week you were likely pretty close to the week before or better by an eighth or so. You can look at weekly rate trends Here.

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Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |