Brian LeBars

Good News for Agency Jumbo Conforming Financing- Stimulating the Bay Area Purchase Market

Late last week lenders began pricing the new "Jumbo Conforming" loans as if they were the same as the usual Conforming loan.

The "Conforming Loan"- Is a loan up to $417,000 that was the standard before the economic stimulus package was introduced earlier this year.

The "New Jumbo Conforming"- is a loan limit that is $417,001-$729,750 scheduled to remain in effect through 2008.

So what we have to look forward to is a stimulus in the Bay Area housing market. This should help finance home that was otherwise sized due to the lack of standard jumbo financing. Last week the average jumbo conforming rate that I was seeing through financing companies such as Chase, Wells Fargo and IndyMac's was 5.875%-6.250% up to $729,750...WOW. The Tri Valley should see the impact of the interest rate help in the very short term.

The Tri-Valley Sierra Club voted Monday to support the appeal of the Oak Grove referendum decision. The referendum supporters will be contacting other groups to gain support. The plan to gain larger Sierra Club chapters support and gain "much needed" legal advise on the process. This is another chapter in what looks to become a novel. For background on the Pleasanton Oak Grove history of events see articles below...

Pleasanton Weekly Oak Grove Update- Court Blocks Pleasanton Councils Oak Grove Action

Pleasanton Weekly Oak Grove Update- Oak Grove Developers File Suit

Pleasanton, Oak Grove Groups Square off Over Pleasanton Ridge:

Would smaller class sizes, in class Reading specialists in Pleasanton Schools be worth paying a little extra on your tax bill next year? Pleasanton School Districts Strategic Plan has come up with its most crucial elements to keep in our schools. That is the exact issue the Pleasanton trustees were faced with February 12^thin there meeting. Faced with....

To find what Pleasanton is up against please visit...GreenMortgageGroup

Here is the section of the bill relating to the conforming limit increase:

For the complete article please visit....economic stimulus package

So you are looking to buy your first gorgeous home in Concord, CA. Take a look at this Down Payment Assistance and First Time Home Buyer program available in the Contra Costa County, City of Concord. There is $25,000 in Down Payment Assistance available for the purchase of your New Home through the City of Concord. The funds are provided the city's First Time Home Buyer Program in the form of a Zero interest and Zero Payment 45yr loan.

For more details please visit... Concord, CA First Time Home Buyer Program