Scv Agent Blog - Matt Mason

Your Santa Clarita CA Agent
March home sales and price report	4/17/2013 3:07 PM
For release: April 15, 2013 California’s median home price posts highest level in nearly five years as intense competition increases LOS ANGELES (April 15) – Strong sales in higher-cost coastal regions and heated market conditions drove California’s median home price to its highest level in March since May 2008, while inventory shortages continued to stifle [...]
Freddie Mac: Mortgage rates scrape bottom again; 30-year at 3.34%	11/16/2012 8:08 PM
Mortgage rates have set yet another record low, according to home finance giant Freddie Mac. (Freddie Mac) Lenders were offering fixed-rate 30-year home loans to solid borrowers at an average of 3.34% this week, the latest in a series of record low mortgage rates, according to home finance giant Freddie Mac. The [...]
In Era of Cheap Money, Consumers Are Shut Out	6/11/2012 10:19 AM
Michael Shreve, a 57-year-old science teacher in Marysville, Wash., has watched helplessly as mortgage rates have fallen. He said that despite his stellar credit score, no bank had been willing to let him trade in his 6.35 percent 30-year mortgage because his house was now worth less than when he bought it. “At some point,” [...]
Improve your credit score right now	5/27/2012 12:02 PM
Building an excellent credit history could take years. Fortunately, there are moves you can make within the next 48 hours that will get your credit score going in the right direction – up. Despite what you heard, you don’t need credit. Last time I checked, credit didn’t make the cut onto Maslow’s Hierarchy of Needs. That [...]
Buying a House After a Bankruptcy	5/15/2012 10:15 AM
Can someone get a mortgage after a bankruptcy? Yes they can! And they only have to wait 2 years from the date that the bankruptcy was discharged. The most important thing is that they “re-establish credit” after the bankruptcy. That means no late payments of any kind (including collection accounts) for the 12 months preceding [...]
Calif. leads nation in suspicious home loans	3/10/2012 5:26 PM
VALENCIA REAL ESTATE \| HOMES FOR SALE IN VALENCIA CA \| VALENCIA FORECLOSURES \| RENTALS IN VALENCIA California continues to lead the nation in questionable home loans, with Los Angeles, Riverside, Santa Clara, Orange and San Bernardino counties among the areas with the highest number of suspected mortgage fraud cases, federal financial officials reported this [...]
Obama offers mortgage relief to millions of homeowners	3/6/2012 9:57 PM
WASHINGTON (Reuters) – President Barack Obama announced on Tuesday a cut in fees on many government-backed mortgages that he said could help millions of homeowners refinance, part of an election-year push to boost the shaky U.S. housing market. Under the plan, a typical borrower with a loan backed by the Federal Housing Administration could [...]
Average 30-Year Fixed-Rate Mortgage Up From All-Time Record Low	2/26/2012 11:49 AM
In Freddie Mac’s results of its Primary Mortgage Market Survey® (PMMS®), fixed mortgage rates moved off their at- or-near record lows for the first time in three weeks amid recent data showing the housing market continues to improve. VALENCIA REAL ESTATE \| HOMES FOR SALE IN VALENCIA CA \| VALENCIA FORECLOSURES \| RENTALS IN VALENCIA [...]
Kiss These 10 Once-Popular Home Features Goodbye	2/18/2012 5:59 PM
Times are tough in the home-building industry, meaning the 500,000 or so new single-family homes expected to be built this year are going to include more practical and value-conscious features and fewer wish-list items. Outdoor Kitchens & Outdoor Fireplaces Along with outdoor kitchens, outdoor fireplaces aren’t expected to be in such great demand. They [...]
Understanding Points, Rates and Fees	2/17/2012 8:48 PM
There are several additional costs associated with your mortgage nderstand what type of mortgage you should choose, you have to understand the costs associated with your mortgage. All of these costs will be paid upon closing your mortgage. Purchase Points Purchase points, also known as a “buy-down” or “discount points,” are an up-front fee paid [...]