Ed's Blog

By now we all know that change is the word of the day, with our new administration. But it’s nice to know that some things haven’t changed-like the ongoing historically low interest rates. 30 year fixed mortgages are still in the high 4% to low 5% range, with 15 year fixed mortgages in the mid to high 4% range.

Another item of note that has remained unchanged is the fact that FHA is still offering homes to qualified buyers with as little as a 3.5% down payment. And in California, they continue to lend up to $625K, unlike most other states where the limit is just $271K.

Finally, one last item has remained unchanged in this new era of change: the abundant opportunities to purchase a home at a greatly discounted rate!

So, while I’m thrilled to welcome in a great deal of change, it’s nice that these incentives for homeowners to refinance or home buyers to purchase have remained unchanged.

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