East Bay Mortgage News

Want some candy? If you have a sweet tooth (like I do), you NEED to head to At The Candy Shop in downtown Danville! This feast for the eyes as well as the mouth has been wildly popular since it opened in early 2009. A true candy lover's dream the store has the expected rainbow of Jelly Belly and ...

Cari Anderson's East Bay Mortgage Update for September 3rd 2010 Economic News:  The stock market has done well this week and is poised to end a three week downturn.  Much of this week's economic data was better than expected which boosted equities and hurt bonds. On Monday Personal Income & Outla...

Cari Anderson's East Bay Mortgage Update for August 27th 2010 Economic News:   A wild week in the markets ended with a big rally in the Stock Market and a selloff in the Bond Market.  The week's economic reports included:  Existing Home Sales, New Home Sales, Durable Goods Orders, Jobless Claims...

How Will the New FHA Mortgage Insurance Structure Affect Your Buying Power? Earlier this month, HUD announced that there would be some forthcoming changes to its FHA mortgage insurance program on October 4th of this year. (Please see below for the link to HUD's Mortgagee Letter on this topic) Sin...

Cari Anderson's East Bay Mortgage Update for August 23rd 2010 Economic News:   A quiet day with no economic reports to speak of.  The rest of the week will provide a fair amount of data assisting the near term view of where things are heading.   A lot of debt is scheduled to be auctioned off this...

Cari Anderson's East Bay Mortgage Update for August 20th 2010 Economic News:  There is really nothing to note in the way of economic releases today (which is probably a good thing considering the week's reports thus far).  This time of year provides volatile markets due to lower volume with many ...

Cari Anderson's East Bay Mortgage Update for August 18th 2010 Economic News:  While there is really nothing to speak of on the economic calendar today there were a few reports yesterday.  While slipping a little in June, the Industrial Production Report showed nice gains across most sectors for t...

Cari Anderson's East Bay Mortgage Update for August 16th 2010 Economic News:  The National Association of Home Builders released their Housing Market Index numbers this morning.  The index trended down to 13 and has slid down since the expiration of the tax incentives.  Another item putting press...

Cari Anderson's East Bay Mortgage Update for August 13th 2010 Economic News:  Thursday's Jobless Claims numbers came in well above consensus at 484K which is the highest level since February.  In contrast the four week moving average actually fell 118K.  This morning the Consumer Price Index (CPI...

I've often wondered how a good faith estimate, an initial closing cost fee sheet and/or an estimated settlement statement must look to a first time home buyer. All of these documents itemize the various closing costs involved in purchasing their home yet they do not explain exactly what each fee ...