Key highlights from this mortgage report: Bay Area homeowners are taking advantage of recored low rates. Mortgage rates dropped to another all-time record low in July 2020. They're currently averaging around 3% for a 30-year fixed home loan. With such…
Key highlights from this article: In the San Francisco Bay Area, a jumbo loan is anything above $765,600. Borrowers seeking a jumbo mortgage could encounter higher rates. These loans often require a larger down payment as well. The jumbo loan…
Key highlights from this article: California real estate showings have been modified due to COVID-19. The Department of Public Health and Cal/OSHA issued news guidelines in May 2020. In July, California Association of REALTORS® explained those guidelines to its members…
Key highlights from this report: San Jose's housing market has had its ups and downs in recent years. One forecast predicted that home prices will level off, going into 2021. But COVID-related migration trends could give this market a boost…
Highlights from this mortgage industry update: Most first-time buyers in California opt for a low down payment.That's based on a recent report from an industry group.In this context, "low" means putting less than 20% down on a home purchase.Private mortgage…
Highlights from this real estate report: A new study showed that some California home buyers are shying away from crowded cities. More and more buyers appear to be choosing quiet suburbs and rural areas. The COVID-19 pandemic and the rise…
Highlights from this housing report: One forecast predicted the Sacramento housing market could cool down. But that will likely be a temporary trend that improves in late 2020 / early 2021. This housing market remains active, despite the COVID-19 situation…
This article provides an overview of the minimum down-payment requirements for conventional loans in California. We've covered this subject in the past. But mortgage trends and requirements can change over time. So we thought it was time to revisit the…
Due to the relatively high cost of housing in the state, many California home buyers turn to the so-called jumbo loan to finance their purchases. In this article, we'll look at the jumbo loan limits for California's major metro areas…
The housing market forecast for Oakland, California can be summed up with a single sentence. Strong demand and very tight supply will continue to put upward pressure on home prices through 2020 and into 2021, despite the COVID-19 situation. A…
