Real Estate Update in Palo Alto & Los Altos

Mortgage burnings used to be a ritual that families hoped to be lucky enough to perform. But times have changed. Now, growing older and retiring still includes another ritual: paying monthly on a mortgage.
As they head down the road toward retirement, many people are asking themselves: Should I use part of my nest egg to [...]

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Checking your credit score before you apply for a major loan is a must if you want to find out where you stand in terms of credit risk. Yet checking your credit report also proves worthwhile before you put in an application. Put simply, “The credit report is the raw data. A credit score is [...]

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North Palm Beach, Fla. — June 18, 2007 (Bankrate.com) — Average rates on 1-year ARMs in the United States fell 3 basis points to 5.57 percent on Monday, according to Bankrate.com’s daily Your Best Interest report. A basis point is one-hundredth of a percent. The mortgages in the survey had an average of 0.71 discount [...]

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CHICAGO (MarketWatch) — Mortgage rates reached 10-month highs this week, responding to market concerns of a tight labor force and wage growth, Freddie Mac’s chief economist said Thursday.
“May’s unemployment rate remained at the second lowest level since May 2001 while average hourly earnings rose,” said Frank Nothaft, Freddie Mac vice president and chief economist, in [...]

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North Palm Beach, Fla. — June 4, 2007 (Bankrate.com) — Rates on 15-year fixed mortgages in the United States rose 3 basis points to 5.75 percent on Monday, according to Bankrate.com’s daily Your Best Interest report. A basis point is one-hundredth of a percent. The mortgages in the survey had an average of 0.62 discount [...]

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