Month: September 2014

How Long Will Low Rates Last?

For the past several weeks, mortgage rates have been some of the lowest they’ve been all year. But what does the future hold for interest rates, and how will that affect new South Bay buyers? Just they did with 2014, economists predict that 2015 rates will go into the 5% range for 30-year fixed-rate mortgages. Right now, the average is

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Marriage Equality and Consumer Credit

Marriage Equality has been a hot-button issue in politics for the last decade, but despite personal and religious beliefs, mortgage regulators in the United States are working towards everyone getting equal treatment when it comes to applying for credit and loans. The Consumer Financial Protection Bureau has just issued a memo about same-sex couples applying for mortgages that officially recognizes all same-sex and

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Mortgage Rates are lower than expected

At the beginning of 2014, financial experts predicted rising interest rates well into the 5% range. Their predictions haven’t come true, thankfully, and mortgage rates are still in the low to mid 4% range and mortgages are very affordable. Why were these predictions made, and why haven’t they come true? Well, because the Federal Reserve was going to slowly stop

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Why Fall 2014 is the best time to buy in the South Bay

You may not know this, but we are entering into what may be the best time to buy property in the South Bay in 2014. Interest rates have stayed low, allowing more people than anticipated to participate in the real estate market out here in the Beach Cities of Hermosa Beach, Redondo Beach, and Manhattan Beach. It was predicted by

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How Credit Ratings Affect Homeowners Insurance

We all know that a lower credit score is never a good thing, especially when you’re trying to buy a home. Interest rates can be higher, and loan amounts can be smaller, when you have poor credit ratings. But did you know that your credit score can also affect other aspects of your real estate transaction? Many buyers don’t know

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