Fremont Mortgage - FHA, VA, HomePath and Jumbo Home Loans http://fremontmortgage.net Fremont Mortgage - Home Loans in Fremont California Wed, 22 Feb 2012 06:12:05 +0000 en hourly 1 Compare 2011- 2012 Fremont Mortgage Rates and Real Estate http://fremontmortgage.net/Fremont-Mortgage-Rates-and-Fremont-Real-Estate- http://fremontmortgage.net/Fremont-Mortgage-Rates-and-Fremont-Real-Estate-#comments Tue, 17 Jan 2012 02:24:30 +0000 Joel Valencia Jr http://fremontmortgage.net/?p=133 This past year has came and gone and now 2012 is here. New goals and new visions are in place is here at FremontMortgage.net! Lets look at where the current Fremont mortgage & Fremont real estate market is compared to last year in January 2011.

We started last January of 2011 with the average mortgage [...]]]>

This past year has came and gone and now 2012 is here. New goals and new visions are in place is here at FremontMortgage.net! Lets look at where the current Fremont mortgage & Fremont real estate market is compared to last year in January 2011.

We started last January of 2011 with the average mortgage rate of a 30 year fixed being around 4.70% – 4.80%. A huge market mover last year was all the talk of QE3 or Quantitative Easing from the FED. Part of the cause why the Bond Market prices dropped making interest rates skyrocket. Now, a year later, January 2012, the average mortgage rate is 3.88%…..WOW!!!! lol In terms of monthly savings, thats $210 on a $400,000 mortgage loan amount.

 

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SEE MORTGAGE CHART BELOW: FROM JAN 2011 – JAN 2012

 

Fremont real estate has moved in a very good direction, creating price and local market stability. The median sales price for a 3 bedroom in Fremont California has stayed between $448,000 and $400,000 year over year, according to Trulia Trends. Price difference mostly dependent on neighborhood and property condition. Home listing inventory has also dropped year over year.

 

The median sales price for homes in Fremont CA for Oct 11 to Dec 11 was $410,000. This represents a decline of 3.3%, or $14,000, compared to the prior quarter and a decrease of 10.9% compared to the prior year. Sales prices have depreciated 34.2% over the last 5 years in Fremont. The average listing price for Fremont homes for sale on Trulia was $559,513 for the week ending Jan 04, which represents an increase of 1.8%, or $9,997, compared to the prior week and an increase of 3.7%, or $19,863, compared to the week ending Dec 14. Average price per square foot for Fremont CA was $368, an increase of 14.3% compared to the same period last year. Popular neighborhoods in Fremont include Ardenwood, Niles, Northgate, Mission San Jose, Irvington, and Glenmoor.

 

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]]> http://fremontmortgage.net/Fremont-Mortgage-Rates-and-Fremont-Real-Estate-/feed/ 0 Interest Rates Drop in Fremont!!! http://fremontmortgage.net/2011/08/09/interest-rates-drop/ http://fremontmortgage.net/2011/08/09/interest-rates-drop/#comments Tue, 09 Aug 2011 09:09:08 +0000 Joel Valencia Jr http://fremontmortgage.net/?p=34

Mortgage interest rates dropped for Fremont homeowners and borrowers in the process of closing their loan after Standard & Poor downgraded the US debt. Many economist as well as professionals in the mortgage industry predicted a spike in interest rates but where proven to be wrong. Rates dropped to an averaged 4.28 percent [...]]]>

Mortgage interest rates dropped for Fremont homeowners and borrowers in the process of closing their loan after Standard & Poor downgraded the US debt. Many economist as well as professionals in the mortgage industry predicted a spike in interest rates but where proven to be wrong. Rates dropped to an averaged 4.28 percent for 30-year conforming mortgages , falling from last week’s average of rate of 4.48 percent. This sets a NEW low for interest rates this year.

The main reason for the drop in interest rates was because investors ran towards the purchase government bonds as treasuries looked more secure than the stock market. The stock market has taken serious lost in the last week and dropping more than 5 percent because of economic uncertainty in the US. What this means for you is a the same monthly payment for a higher purchase price. It is necessary that you are in a position to lock your home loan at a low rate when markets show opportunity. The unfortunate part for most borrowers is that most Loan Officers do not track the bond market LIVE. Here at Fremont Mortgage we set ourselves apart by always being current to the minute on interest rates.

 

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