Home Buer Fair 3 13/14 Freddie Mac Biggest buy down
Southern California Home Buyer’s Fair: March 13-14
Los Angeles Convention Center for the FREE third annual Southern California Home Buyer’s Fair.
The Southern California Home Buyer’s Fair, open 10 a.m. to 5 p.m., Saturday, March 13, and 11 a.m. to 4 p.m., Sunday, March 14, features more than 50 educational “how-to” seminars designed to help home buyers navigate today’s real estate market with confidence and peace of mind. Seminar topics range from understanding home prices and monitoring and fixing credit to applying for a mortgage and the importance of the home inspection. Several of the sessions also will be offered in Spanish.
Freddie Mac
Record share of borrowers reduced principal balance
In the fourth quarter of 2009, 33 percent of borrowers who refinanced their loan lowered their principal balance, resulting in the highest “cash-in” share since Freddie Mac began tracking the characteristics of refinance transactions in 1985, according to the company’s refinance report.
Consistent with the cash-in share, the report showed that the share of borrowers who increased their loan balance by 5 percent or more during the fourth quarter was at a record low of 27 percent.
“Rates on 30-year fixed-rate mortgages set a new record low during the first week in December at 4.71 percent
Los Angeles Convention Center for the FREE third annual Southern California Home Buyer’s Fair.
The Southern California Home Buyer’s Fair, open 10 a.m. to 5 p.m., Saturday, March 13, and 11 a.m. to 4 p.m., Sunday, March 14, features more than 50 educational “how-to” seminars designed to help home buyers navigate today’s real estate market with confidence and peace of mind. Seminar topics range from understanding home prices and monitoring and fixing credit to applying for a mortgage and the importance of the home inspection. Several of the sessions also will be offered in Spanish.
Freddie Mac
Record share of borrowers reduced principal balance
In the fourth quarter of 2009, 33 percent of borrowers who refinanced their loan lowered their principal balance, resulting in the highest “cash-in” share since Freddie Mac began tracking the characteristics of refinance transactions in 1985, according to the company’s refinance report.
Consistent with the cash-in share, the report showed that the share of borrowers who increased their loan balance by 5 percent or more during the fourth quarter was at a record low of 27 percent.
“Rates on 30-year fixed-rate mortgages set a new record low during the first week in December at 4.71 percent
posted by Westside Investor's Eye at
12:01 PM
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