Mortgage Information-

Housing starts for October rose 1.5% month-over-month to an annual pace of 1,228,000 units, in line with the Bloomberg forecast. September starts were revised higher to an annual pace of 1,210,000. Building permits, one of the leading indicators tracked by the Conference Board as it is a gauge of future construction, decreased 0.6% month over month to an annual rate of 1,263,000, versus expectations of a 1,260,000 pace, and compared to September’s upwardly-revised 1,270,000 rate. Single-family home starts, sometimes referred to as the backbone of housing demand, continued to decline.

Treasuries are mostly higher, with the yield on the 2-year note little changed at 2.79%, while the yields on the 10-year note and 30-year bond are declining 2 basis points (bps) to 3.05% and 3.30%, respectively

Check out programs available and rates: There are a lot of good options!

 NO Mortgage Insurance at 90% ,  I/O available 

 Down payment and closing cost Assistance up  to $705,000  SP CALHFA up to   105% CLTV INCOME limit NOW  UP TO $228,300   county specific

Disaster victims can qualify CALHFA

Manufactured ,SFR,Condo,PUD allowed  email val@emortgageservices.net

 

Advertisements

About valoliver

I was born in San Francisco, raised in San Mateo. I have three children. I have been in the Mortgage industry for over 30 years.
This entry was posted in Home Financing. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s