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Just Approved: Rapid rescoring helps homebuyers secure jumbo loan
Published 4:17 pm, Friday, December 18, 2015 Mortgage agent: Dominique Stevens. Property Type: Single-family home in Walnut Creek. Loan Amount: $950,000. Appraised Value: $1.2 million. Loan Type: 30-year fixed. Rate: 4.375 percent with no points. Backstory: Never...
Fremont OKs process for parking permits for Mission Peak neighbors
FREMONT -- The area around popular Mission Peak is choked with hundreds of drivers parking on surrounding streets on weekends and holidays, but residents soon may be able to get some relief. The city has started the process to allow neighbors to petition for permit...
San Jose council denies studying commercial fees for affordable housing
SAN JOSE -- In one of the most contentious votes of the year, the city's elected leaders this week sparred over imposing a fee on new commercial development to fund affordable housing projects as San Jose's sky-rocketing rents hit new highs. And while political...
Why mortgage rates are NOT going up now, but…
Look out, mortgage rates are going up! That's the fear mongering that some are telling homeowners and homebuyers after the Federal Reserve raised interest rates -- a tad -- off their historic lows Wednesday. But when a realtor or well-meaning relative tells you to buy...
Real estate in Silicon Valley: Shopping for deals
Setting the GPS in his car, real estate agent Craig Gorman announces his outlandish intention: "What I am about to show you," he says, "is that there are still affordable areas where you can still find a deal in Santa Clara County." True, he defines a "deal" as...
Menlo Park: Affordable housing fund contains $14M
MENLO PARK -- The city is dealing with a housing shortage, specifically affordable housing, but it's not for a lack of money. In a report the city submitted to the City Council for its Dec. 15 meeting, the below-market-rate housing program at the end of the 2014-15...