There are 6 blog entries for September 2009.
City Heights residents (more than half the building is occupied) are enjoying downtown living with fantastic views at a great value. No other high rise in downtown San Jose offers as much for as little as City Heights. Tour…
The following information is a the top of the must-consider list:
- Budget. Examine the current budget, a year-to-date statement of income and expenses, and a couple of previous years’ budgets to see how they’ve changed.
- Reserve study. Understand the plan for maintenance and how it will be paid for.
- Special assessments. Ask if there have been any and whether more are planned.
- Delinquencies. How many owners are behind in their payments? Many lenders say no more than 15 percent of owners
Rates on conforming loans up to $417k and super-conforming loans up to $729k end this week down another .125% following two weeks of already-low rates. Rates for jumbo loans above $729k aren’t down as much because those rates don’t trade all day every day like conforming loan rates do. The mortgage bonds that rates are tied rallied 9 straight trading sessions (on tame inflation data and stock weakness) before giving up ground today (on news of “only” 216k jobs lost in August). All year, mortgage bonds have traded up for about two to three sessions before correcting, so this past two weeks may put bonds an overbought position and rates will rise next week as bonds sell off.
It’s a light economic calendar following the holiday…