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Mortgage Rates, Real estate, Santa Clarita Valley, Uncategorized

Historical Mortgage Rates: Averages & Trends from 1971 – 2017

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Mortgage Rates, Real estate

Mortgage Rates Surge to Highest Levels in More Than 3 Years

Mortgage rates are in trouble . This will come as no surprise to regular readers. For the past few weeks, rates made several successive runs up to the highest levels in more than 9 months. It was really only the spring of 2017 that stood in the way of rates being the highest since early 2014. After Friday marked another “highest in 9 months” day, it would only have taken a moderate movement to break into the “3+ year” territory. The move ended up being even bigger. From a week and a half ago, most…
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Real estate, Santa Clarita Valley

Santa Clarita Valley Real Estate Stats December 2017

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Real estate

Expert Insights: What Is Amortization and Negative Amortization?

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When you amortize a loan you basically pay off the principal by making regular installment payments. This typically takes place gradually over several years.

Negative amortization is when the mortgage payment is smaller than the interest that is due, which causes the loan balance to increase rather than decrease. Negative amortization only happens with adjustable rate mortgages (ARMs) with certain features, including an initial payment that does not cover the interest due, a feature that is supposed to increase the affordability of the loan.

With negative amortization, a persistent rise in interest rates reduces the equity in the house unless the negative amortization is offset by house appreciation.

Negative amortization has to be repaid, which means your payment will rise in the future. The larger the negative amortization, the more you will be required to amortize the loan in full.

 

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Real Estate 2016, Santa Clarita Valley

May 2016 Santa Clarita Real Estate Stats

The Santa Clarita Valley continues to thrive as inventory of homes for sale are few

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Real Estate 2016

March 2016 Santa Clarita Valley Real Estate Statistics

 March 2016 #santaclaritarealestate statistics…we need more homes to sell !!! Thinking of selling? Take advantage of this seller’s market …contact #agentclara today.
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