Mortgage interest trends suggest that now might be a good time to be a home buyer in terms of affordability and risk:
Low Interest Rates – Average rate on a 30 year fixed conforming nationwide ended this week at 4.57%, which is another all time low for the fourth consecutive week!  Refinance activity has picked up [...]

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Foreclosure home are not a significant part of the real estate market in Saratoga, CA 95070.  However, there are currently 2 REO (real estate owned)  and 9 short sales properties available for sale on the multiple listing service.
The low end of the distressed market in Silicon Valley has been more impacted by general decline in [...]

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Despite the federal tax credit ending last week, California has extended the credit for first time homebuyers and new construction home buyers.  This swill be good for real estate sales in Santa Clara County, but probably will not effect sales in Saratoga, Los Gatos, Monte Sereno and surrounding areas.
Today I spoke with Dan at the [...]

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Starting Monday, April 19, 2010, Wells Fargo Mortgage will be supporting the use of second trust deeds that will now allow home buyers to have up to a 85% loan to value ratio (including a second as well as first trust deed) in Santa Clara County without having the added expense of private mortgage insurance.
Not only [...]

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The new federal Home Affordable Foreclosure Alternative (HAFA) Program went into effect on April 5, 2010. This program has new guidelines intended to speed up and standardize short sale and deed-in-lieu (DIL) transactions.
In a short sale, the borrower sells the home for less than the amount owed on the mortgage and the lender accepts a discounted payoff. [...]

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