CalHFA to introduce the Dream for All Shared Appreciation Loan California state budget has established the Dream For All Program that allocate funds to help first time homebuyers get into their dream home. It is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream for ALL conventional first…

Pending Home Sales rose 8.1% from December to January, which was more than expected.  Sales were down 24.1% from a year ago, but was still an improvement from 33.9% decline in December.  Pending Home Sales is a very critical data to show how the housing market is doing. Interest rates did rise following the Job…

The FHA announced today 2/22/2023, that the annual mortgage insurance premiums has been reduced from 0.85% to 0.55% on the monthly. So the monthly payments would be dropped by 30 basis points of the loan amount. With such a big drop, it allows buyers to qualify better and could afford such a monthly premium. For…

Gas prices have been climbing up since 1989.  It went from less than $1.00 per gallon then to close to $1.60 in the 2000, and jumped to around $3.10 in 2010 and did not change for over 10 years till 2020.  However, in 2021, the price went up from $3.20 in January to close to…