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Home Mortgage Loan Rates Update

December 2012

The home mortgage loan rates are still on ridicilous low rates (if not the lowest in history):

Wellsfargo which is known to be pretty conservative (even better deals at other home mortgage providers). Especially the 15 year fixed loan is very attractive.

Home Mortgage Loan Rates

Especially the Jumbo Loan rate has been at a very low rate (which was not in 2008/2009 when only the ARM rates were extremely low), which still makes it really atractive to re-finance and/or buy a home.

Low rates mean relative lower cost to live a house. Low rates also mean, when rates go up, that new buyers can afford less, which has negative impact on the the house prices.

July 20, 2012

Wellsfargo Interest Rates

for Single Family Homes Refinance,
Based on 1 point (1% cost)

30-Year Fixed 4.125%, APR 4.256%
5-Year ARM 2.875%, APR 3.325%

15-Year Fixed 2.875%, APR 3.182%

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Currently $450.000
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Currently $165.000
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Real Estate News - Home Prices - Home Loan Mortgage Rates
Bloomberg, October 13, 2011

Southern California Home Prices Drop 5.2% on Foreclosure Sales

The median paid for houses and condominiums was $280,000 in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties, down from $295,500 in September 2010

33% Foreclosures o f all home sales

Almost one in three transactions involved a foreclosure, while one in five was a short sale, where the contract price is less than the amount owed.

San Diego Home Prices / Home Loans
October 2011

Interest Rates at all time low "again" .

After all the issues from the housing market crash in 2008, the interest rate for home loan mortgages dropped significantly. Subsidized by the US government - Freddie Mac, Fanny Mae.

The interest part was to get people into "real loans" instead of short term "Micky-Mouse-Loans".

A real home loan mortgage was based on paying it of in 30 years, every month a little bit. This version keeps the risks for the bank, the home owner and everybody else to a very little minimum, as the home owner, really becomes a "owner", after paying of.

The "Micky-Mouse-Loans" is for most people a short-term drug to keep them happy. Getting a loan on the very maximum what you can afford without paying of anything - and for several loans the loan amount became higher after 1 - 3 years. throw on top of that decrease in home prices and millions of people fall of the cliff within weeks.

Anyway, for the more economic, long term, intelligent, less extravagant living home owners, having some cash on hand, it became even a better time to refinance:

September 20, 2011:

General Rates and Payments: ING DIRECT

5 Year Loan - 0% point - approx $3000 to refinance

Product % of Home Value Borrowed Rate APR Bi-Weekly Payment Payment Period
Easy Orange
80% or less 2.550% 2.606% $497.16 Year 1-5


September 20, 2011

Wellsfargo - Home Loan Mortgage Rates

1% point - approx $3800 to refinance

Product Interest Rate APR
30-Year Fixed 4.250% 4.433%
15-Year Fixed 3.250% 3.565%
5-Year ARM 2.375% 3.035%
Larger Loan Amounts in Eligible Areas – Conforming and FHA.
30-Year Fixed 4.250% 4.382%
30-Year Fixed FHA 4.000% 4.923%
5-Year ARM 2.625% 3.075%
Jumbo Loans – Amounts that exceed conforming loan limits
30-Year Fixed 4.500% 4.634%
5-Year ARM 2.875% 3.162%



Homes for Sale Kensington, San Diego




Trulia Real Estate Listings Kensington CA 92116

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