FHA Home Mortgage Loan Interest Rates

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1. McMILLIN REALTY | TRENDS blog: Politics Has California Short ...

   California matched its state tax laws to the federal act in 2007 and 2008. It has not passed an extension for 2009, which has left many short sellers in limbo. Conforming California to the federal standard would help an estimated 16000 people who have mortgage debt forgiven between 2009 and 2012, according to the California Franchise Tax Board. Real estate agents said California's political leaders need to act because the tax liability will hurt families trying to ...

1. Luxury Home Short Sales Grow in Importance - Texas Short Sales

   The luxury market is facing increasing pressure, aggravated by credit market difficulties in the jumbo mortgage market. As a result, The National Association of Realtors reported that the share of home sales above $750000 has ... NAR also reported that as of October 2008, the foreclosure rate on jumbo loans was more than double the rate on conforming loans. You can expect to see growing numbers of luxury homeowners in default. These consumers not only need your help. ...

1. Omni Real Estate: Success Strategies in this market

   (meaning that 30-year fixed conforming loans, now hovering around 5 percent, would hit 6 percent) Christopher Thornberg, principal at Beacon Economics: "Clearly, when they (the Fed) stop printing all that money, it's going to be a shock to the system. ... If prices sink 15 percent from here, which is a possibility, and the 2008 and 2009 loans go bad, then we're back where we were before - in a nightmare ... The probability is very high of a serious double dip." ...