Mortgage Volume Dropping Due to Tougher Lender Laws

Due to a widespread drop in mortgage transactions throughout the country, Wells Fargo has lowered its requirements for loans on some high-priced homes as the largest U.S. mortgage lender tries to combat. The government’s new regulations that went into effect in January have made mortgage approvals a lot more difficult for home buyers seeking to Read more about Mortgage Volume Dropping Due to Tougher Lender Laws[…]

home in a nice green area prime for a refinance

While Mortgage Refinancing Slows, One Sector Remains Hot

Consumer demand as a whole for refinancing has dropped with higher interest rates and this has impacted the once immune jumbo mortgage borrowers as well. In many housing markets across the country, jumbo mortgages exceed $417,000, and are usually higher than $625,500 in designated high-cost markets like San Francisco, Los Angeles, Bethesda or certain counties Read more about While Mortgage Refinancing Slows, One Sector Remains Hot[…]

Forbes List of Top 30 Most Expensive Zip Codes in California

According to research on California homes sales from Forbes (derived from AltosReasearch), the following zip codes are the considered the most expensive. Likewise, these are the locations where the uber rich live. In some homes you’ll find opulent features like  a yoga studio, a steam room,  a beauty salon or an exercise pool, which transforms Read more about Forbes List of Top 30 Most Expensive Zip Codes in California[…]