2/13/17 – Interest rates staying stable

Looks like rates have been fairly stable over the last week….But keep your eye on them as we never know when they are likely to change.  We are in turbulent times. On another note, did you know that I can now offer non-residential loans from $2000-$35000.  On my home page www.somloans.com, right under my video, […]

1/20/17 – FHA rescinded lowering of their Mortgage Insurance

Today, the Federal Housing Administration rescinded the lowering of the mortgage insurance monthly premium rate by .25%.  This was all due to the Trump Administration determining that the lowering would not be in the best interest of the institution at this time.  This could be revisited at a later date….So the mortgage insurance on FHA […]

1/17/2017 – New Fannie/Freddie Loan Limits

The new loan limits for 2017 are as follows: Conforming $424,100 High Balance $636,150 This took effect 1/1/2017 #newloanlimits #fannieloanlimits #freddieloanlimits If you have any questions, please call Jeff Eiesnberg at 661-964-2600  jeff@somloans.com  www.somloans.com

01/16/2017 – New FHA MIP

Well, FHA finally lowered their monthly mortgage insurance premium from .85% to .60%.  This will help home buyers qualify a bit easier as it will directly effect their monthly payment.  This takes effect on all FHA loans issued after 1/27/2017.  For more info:  call Jeff Eisenberg at 661-964-2600  CalBRE Lic. #01458657, NMLS #237717 #besthomeloans #fhaloans […]

10/19/2015- Real Cost of Home Repairs

10/13/2015 – The Real Cost of Home Repairs Check out this great infographic on what you should be spending on average maintenance on home repairs: //www.serviz.com/blog/the-real-cost-of-home-repairs-infographic Call if you have any questions Jeff Eisenberg Broker/President Southern Oaks Mortgage, Inc. jeff@somloans.com #costsofhomerepair

7/14/15 Water Conservation here in Valencia, CA

California is in a severe drought as well as the water quality being scrutinized by our state, but here in Valencia, CA  we are fending better than most! Check out this link:  //www.serviz.com/valencia-los-angeles/city/1-1073  

9/23/2014

9/22/2014  What's New? Rates improved a slight bit today, but everyone is still expecting rates to go up a bit due to the Fed stopping their support of Mortgage Backed Securities in Oct. Stated loans and bank statement loans are making a comeback, however, they aren't exactly like their predecessor loans.  You now have to […]

6/15/14

The World of Lending………..yikes! It interest rates were like someones blood pressure……they'd be in the hospital for such flucuation.  Right now, we are up 16 basis points on the bond which is good for pricing, but last week it was a roller coaster ride….  

Market update for 6/3/2014

Courtesy of David Shimeyer at thetbwsgroup!         Executive Rate Market Report               Another hard day of selling in the Treasury and MBS markets. The 10 yr note has breached a key level this afternoon, trading at 2.59%. Prior to the recent decline in rates, three weeks […]