President Bush signed into law the economic stimulus package
President George W. Bush today signed into law an economic stimulus package that among others includes raising the limits on conforming mortgages financed by Fannie Mae and Freddie Mac to $729,750 from the current limit of $417,000 through December 31 of 2008. It would also indefinitely raise the limit on Federal Housing Administration-backed mortgages to that same level. Such a move is expected to lower the interest rates on those high-cost loans. Read more
San Diego Real Estate Home Sales For January 2008
January 2008 real estate home sales in San Diego County for resale attached condos, townhomes and detached single family homes as reported through the San Diego MLS and San Diego Association of Realtors were as follow: Read more
San Diego County Events For February 2008
February Holiday to Remember:
February 14 – Valentine’s Day
February 18 – Washington’s Birthday
2/01 – Circus Vargas (5-Day Event)
Come and enjoy the excitement of a circus with illustrious human and animal stars rendering artistic triumphs and thrilling exploits. See silly clowns, trampoline acrobatics, a balancing act, aerial ballet, teeterboard spectacle, dog & cat performances, and more.
Time 4:30 pm – 9:00 pm – Location Balboa Park. Read more
Fed Cuts Interest Rates Again
In an effort to further boost the ailing economy, for a second time in eight days the Federal Reserve cut its federal funds rate (the rate banks charge each other for overnight loans) by a half percentage point Read more
Fed Cuts Interest Rates by 3/4%
Today’s rate cut by the Federal Reserve would mean lower interest rates on home equity loans and also lower rates on mortgage loans for purchasing real estate. Your monthly mortgage payment could now buy you more home than before. Read more
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