HOME BUYING
The Process
Home Buying Basics
Interest Rates
Relocation
Real Estate Terms
1031 Exchange
Buyer Articles of Interest
 

"Very easy to work with. Made buying a house easy."
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Jay Chung & Christine Dobrowolski
Buyers of Nottaway Dr. Home

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Interest Rates
  CALIFORNIA ASSOCIATION OF REALTORS MARKET ANALYSIS  

Calif. Median Home Price

Calif. Highest Median Price by C.A.R. Region
Calif. Lowest Median Price by C.A.R. Region
(as of 4 / 2 / 08 )
Source: California Association of Realtors

Feb. 2008

Feb. 2008

Feb. 2008

$ 409,240

Santa Barbara $ 1,295,000

High Desert $ 220,380

 
Mortgage Rates as of
4 / 3 / 2008
(Western U.S. Average)


(Source: Freddie Mac)
30 Year Fixed 5.88 %
Points & Fees:
0.5 %
15 Year Fixed 5.38 % Points & Fees:
0.5 %
1 Year A.R.M. 5.25 % Points & Fees:
0.4 %
   
Interest Rates have been fluctuating daily of late. Call for the latest rates, as we have a number reliable resources to assist you.

LENDER CHECKLIST: WHAT YOU NEED FOR A MORTGAGE

W-2 forms — or business tax return forms if you're self-employed — for the last two or three years for every
person signing the loan.

Copies of at least one pay stub for each person signing the loan.
Account numbers of all your credit cards and the amounts for any outstanding balances.
Copies of two to four months of bank or credit union statements for both checking and savings
accounts.

Lender, loan number, and amount owed on other installment loans, such as student loans and
car loans.

Addresses where you’ve lived for the last five to seven years, with names of landlords if
appropriate.

Copies of brokerage account statements for two to four months, as well as a list of any other major assets of
value, such as a boat, RV, or stocks or bonds not held in a brokerage account.

Copies of your most recent 401(k) or other retirement account statement.
Documentation to verify additional income, such as child support or a pension.
Copies of personal tax forms for the last two to three years.


Courtesy of the National Association of Realtors web site.

 
page revised on 4 / 9 / 08
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