Steffan Blaser's Lake Oroville Real Estate Blog

A quick word from me to you

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the Housing Trends JUL-2012 Newsletter:
http://Steffan.housingtrendsenewsletter.com

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is also filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, community reports that map shopping, schools, recreation and more.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:
http://Steffan.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.

Sincerely yours,

Steffan Blaser
Realty World – Best Realty
2770 Olive Hwy Suite G Oroville CA 95966
530-534-1323 | 530-321-3617
steffan@steffanblaser.com

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FHA MIP (Mortgage Insurance Premium) will be going up  Monday April 5 to 2.25%, up from 1.75%. –up 1/2% (so as an example–for $100k loan– that means $500 will be added to the loan amount) and since private mortgage insurance is pretty much gone–at least there is still the  available option, FHA.  Just in case you didn’t know - the MIP  is not funded by the government, it is funded by the homebuyers who (buy in) with their up-front mortgage insurance premium and their monthly payment of  MIP as well. It does add to the cost of the monthly payment, but if you don’t have the 20% down payment for a conventional loan at least you have that as an option, if you want to buy a home using the 3.5% down FHA loan. It appears that FHA (Federal Housing Administration) is making these changes to make sure that the MIP still keeps lenders comfortable with them knowing the insurance for them is still there if the buyer ends up in default (so it lessens their loss as a lender). Without that security of the insurance for the lenders– probably all loans would be at least 20% down payment or more. So pretty much anyone who wants to buy a home  that they will live in— I still say now is the time to buy your home.  Interest rates are climbing.  FHA has petitioned Congress to raise the minimum down payment from 3.5% to 5%.  So that is probably coming, just not yet.— Happy Easter.  — Buy Buy Now.