DreamTeam-Jo Cel Perez & Hector Gamez » FEES http://dreamteamrw.com Realty World - Peninsula Mortgage Fri, 25 Jun 2010 02:33:37 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Under A Minute Facts http://dreamteamrw.com/2009/10/22/under-a-minute-facts/ http://dreamteamrw.com/2009/10/22/under-a-minute-facts/#comments Fri, 23 Oct 2009 01:19:32 +0000 Joe Perez /?p=128 Calif. median home price – August 09: $292,960 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region August 09: Santa Barbara So. Coast $828,750 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region August 09: High Desert $111,770 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index – Second Quarter 2009: 67 percent (Source: C.A.R.)
Mortgage rates – week ending 10/15/09 30-yr. fixed: 4.92% Fees/points: 0.7% 15-yr. fixed: 4.37% Fees/points: 0.7% 1-yr. adjustable: 4.60% Fees/points: 0.5% (Source: Freddie Mac)

Local Median Home Prices….

  County/City/Area                August 2009               August 2008             % Change

Santa Clara County

 $    450,000.00

 $   570,000.00

-21.1%
Campbell

 $    615,000.00

 $   652,000.00

-5.7%
Cupertino

 $    870,000.00

 $1,153,000.00

-24.5%
Gilroy

 $    375,000.00

 $   415,000.00

-9.6%
Los Gatos

 $    900,000.00

 $1,250,000.00

-28.0%
Milpitas

 $    410,000.00

 $   565,000.00

-27.4%
Morgan Hill

 $    517,500.00

 $   641,000.00

-19.3%
Mountain View

 $    732,500.00

 $   810,000.00

-9.6%
San Jose

 $    382,500.00

 $   500,000.00

-23.5%
Santa Clara

 $    525,000.00

 $   592,500.00

-11.4%
Sara toga

 $ 1,337,000.00

 $1,325,000.00

0.9%
Sunnyvale

 $    527,000.00

 $   650,000.00

-18.9%

Source:CAR

]]> http://dreamteamrw.com/2009/10/22/under-a-minute-facts/feed/ 0 New HUD Ruling in Favor of Consumers! http://dreamteamrw.com/2009/09/11/new-hud-ruling-in-favor-of-consumers/ http://dreamteamrw.com/2009/09/11/new-hud-ruling-in-favor-of-consumers/#comments Sat, 12 Sep 2009 03:02:51 +0000 Joe Perez /?p=70 A few days ago HUD announced the first release of frequently asked questions (FAQs) concerning implementation of the new Real Estate Settlement Procedures Act (RESPA) rule. For the 1st time consumers will be able to use the Good Faith Estimate to compare loan offers more clearly when shopping for a loan. This will hopefully save consumers in fees to close their loans. Information such as when the GFE should be delivered, how often, and FAQs can be found on the HUD website. On January 1, 2010 the new regulations will take effect.

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