Mortgage News Update
The Bad: the Fed announced today that it would
raise interest rates .25%.
The Good: the market over compensated for this increase
and had it built into pricing. It is interesting that we have a pricing
improvement when the Fed increased the cost of money.
We cannot
predict what is going to happen days from now – things like a stock market
crash, a world event – such a missile scare or worse. We can
identify what is currently happening in the market. The Easterbrook Team subscribes to a service that provides up to the minute
alerts and information that allows us to provide borrowers with information
they need to make decisions about locking their loan.
The Low Down on First Time Homebuyer Programs
There is a lot
of talk in the news lately about low down programs coming and going. A loan strategy that we are absolute ninjas
at is a group of loan products offered through CalHFA which allows very, very
low out of pocket for our borrowers. The
best part is that it is sponsored by federal and state government, which has
provided CalHFA with ample funding. The Easterbrook Team will be hosting a public discussion on first time
homebuyer programs on June 7th at our office at 806 Bidwell Street
in Folsom. For more information, CLICK HERE.
Ride Across San Francisco Bay!
On Sunday,
April 15th, we are hosting a casual bike ride from Fort Baker in
Sausalito across the Golden Gate Bridge to San Francisco where we will go
through the Presidio, Crissy Field, the Palace of Fine Arts, Fort Mason, and
the Warf. We have 15 riders signed up
and want to get at least 5 more. The
cost is a $20 donation to Lyon Cares that primarily benefits the Salvation
Army. Provide your own bicycle and
water. Transportation to and from San
Francisco and a delicious lunch will be provided. Please confirm your reservation by April 1st
with the Easterbrook Team at (916) 850-6050 or EasterbrookTeam@SPMC.com.
Real Estate Contracts
On Thursday
afternoon, 3/22, at 6pm, we will be hosting the public for a discussion about
real estate contracts through Home Loan Workshop.
We will be talking about the typical real estate purchase agreement,
timeframes, customs, ways to save money, and ways your lender can assist you
getting your offer accepted. To join the discussion, just sign up for the free class HERE.
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