George’s October 2009 State of the Bay Area Real Estate Market and Loans

Rates have dropped a bit lately and we are now seeing 30-Yr Fixed Conforming loans at 4.875% with 0 Points and High Balance Conforming loans (loans that are higher than 417K, but less than 729K) at 5.125% with 0 Pts. Low rates have continued to spark buying activity throughout the Bay Area, especially in the [...]

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Goddard Files Suit Against Massive Real Estate Fraud Scheme

Attorney General Terry Goddard has filed a consumer fraud lawsuit against numerous Tucson real estate professionals and businesses alleging a sophisticated, multi-million-dollar real estate fraud scheme. The lawsuit, filed in Pima County Superior Court, alleges that the defendants engaged in a sophisticated system of fraud that led to the filing of foreclosure notices on more [...]

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July 2009 State of the Bay Area Real Estate Market

Interest rates have recently dropped back down ~1/4 Pt after moving up ~3/4 Pt in June. We are now at 5.25% for 30-Yr Fixed Conforming loans with 0 Pts and 5% for 30-Yr Fixed Agency Jumbo loans with 1.5 Pts                       30-Yr Fixed Jumbo loans (loans higher than $729,750) are averaging 6.9% IY and they [...]

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