Wednesday, July 29, 2015

Do you have the skills to survive homeownership?


So consider these 47 tips a crash course in homeowner self-confidence. And study them well. 'Cause owning a house means you're going to have questions. Lucky for you, we've got some answers.


To discuss becoming a homeowner in this current market of low interest rates and various available programs to fit your financial needs contact the Easterbrook Team today!

Patty Aguon
NMLS: 994635
PH: 916-833-5063
Patty.Aguon@spmc.com
John Easterbrook
NMLS: 226555
PH: 916-224-7653
John.Easterbrook@spmc.com

Sierra Pacific Mortgage
Bidwell Branch
806 Bidwell Street
Folsom, CA 95630
Visit us and Like us on Facebook!

Monday, July 27, 2015

Homebuilder confidence hits highest level in a decade

"Housing continues to improve at a steady pace"

Friday, July 24, 2015

Why You Should Lock Your Loan Today!

Average interest rates above 4 percent choke off mortgage refinancing boom


Homeowners who didn't refinance their mortgages when interest rates were below 4 percent may be out of luck for quite a while.
Banks had been processing big batches of refis earlier this year when the average rate fell below 3.6 percent. But they'll be writing fewer home loans now as rates above 4 percent choke off the refi business.  

There is still time for homeowners to refinance. 
Contact The Easterbrook Team Today!
Patty Aguon
(916) 833-5063
Patty.Aguon@spmc.com
Licensed- NMLS # 994635
John Easterbrook
(916) 224-7653
John.Easterbrook@spmc.com
Licensed – NMLS # 226555




Read more here: http://www.sacbee.com/news/business/real-estate-news/article28493770.html#storylink=cpy

Thursday, July 23, 2015

Downtown Sacramento Land for Future Homes

A company headed by Mark Friedman is acquiring a half-block in downtown Sacramento for housing site
Land along Eighth Street between S and T now has two buildings, one of them an Insight Coffee operation
Property drew multiple offers from potential buyers

Southside Park  in downtown Sacramento has big plans for future homes.   To read more about Mark Friedman's current and future projects please click here. 




John Easterbrook
(916) 224-7653
John.Easterbrook@spmc.com
Licensed – NMLS # 226555







Read more here: http://www.sacbee.com/news/business/biz-columns-blogs/bob-shallit/article21124602.html#storylink=cpy

10 Open House Red Flags to be Aware of!

Keep this list handy when viewing open houses


1.  Multiple homes for sale in the same area
2.  Funky odors
3.  Rooms that are "off limits"
4.  Recent renovations
5.  Peeling paint
6.  Deferred maintenance 
7.  Disjointed additions
8.  Shady neighbors
9.  Unfinished construction
10.  Popcorn ceilings

To read more about the reasons behind these top ten cautionary red flag items please click here.

 John Easterbrook
(916) 224-7653
John.Easterbrook@spmc.com
Licensed – NMLS # 226555





Wednesday, July 22, 2015

Should you Buy or Rent in Today's Market?

Today's rental prices are increasing while interest rates are decreasing.  Now is the time to buy!


Home buying has earned a bad rap in recent years: The subprime mortgage crisis and ensuing economic meltdown left many homeowners underwater, unable to pay their mortgage, and even facing foreclosure. Homeownership rates fell throughout the recession, and are currently around 66 percent, compared with almost 70 percent in 2004, according to the Census Bureau.


Consider these ten reasons to take the plunge into homeownership.  

1.  You can ramp up energy efficency.
2.  You can customize your space. 
3.  Homeowners buy less furniture. 
4.  Owning a home forces you to save.
5.  Homeownership allows you to build a second income stream.
6.  No landlord can kick you out. 
7.  In fact, you don't have to speak to a landlord ever again!
8.  Unlike rent, a fixed rate mortgage can never go up during inflation.
9.  Homeowners can take tax deductions. 
10.  You can take advantage of the currently low interest rates and prices.

To read more about these top ten reasons to buy or the current low interest rates click here!

To speak with me about the current interest rates and how you can get prequalified for a loan today email me or give me a call. 


John Easterbrook
(916) 224-7653
John.Easterbrook@spmc.com
Licensed – NMLS # 226555

Tuesday, July 21, 2015

Mortgage Market Rates Today

Primary Mortgage Markets                          

Contact John Easterbrook for any questions 
regarding the current market trends. 
916-224-7653 or john.easterbrook@spmc.com


FHFARatePointsChange
15 Yr. Fixed3.26%1.25-0.06
30 Yr. Fixed3.90%1.28-0.03
MBA
30 Yr. Fixed4.23%0.37-0.03
15 Yr. Fixed3.41%0.31-0.03
30 Yr. Jumbo4.18%0.30-0.03
30 Yr. FHA4.01%0.18-0.03
5/1 ARM3.03%0.37-0.06
Freddie Mac
30 Yr. Fixed4.09%0.60+0.05
15 Yr. Fixed3.25%0.60+0.05
1 Yr. ARM2.50%0.30--
5/1 Yr. ARM2.96%0.50+0.03
MND's Daily Rate Survey
 52 Week
ProductTodayYesterdayChangeLowHigh
30 Yr FRM4.08%4.07%+0.013.55%4.26%
15 Yr FRM3.26%3.25%+0.012.95%3.41%
FHA 30 Year Fixed3.75%3.75%--3.25%3.85%
Jumbo 30 Year Fixed3.85%3.84%+0.013.57%4.11%
5/1 Yr ARM3.08%3.07%+0.012.95%3.25%