Mortgage rates haven't changed much lately. The good news of course, is rates are still incredibly low.
Purchase activity seems to be picking up in Orange County and many of the areas in California especially in the lowest priced home markets.
Nothing really new latly, except the expansion of the HARP refinance program and increased FHA mortgage insurance premiums. If you need a lower rate and haven't applied recently or been turned down over the last two-three years. Now is a great time to have someone check your individual situation (like me of course).
There are a few jumbo programs coming to the market and we are seeing some increases to LTV requirements - which is just higher leverage. Many programs are available with 85-90% leverage for high net worth individuals requiring financing for luxury properties.
I love closing loans for new buyers and new realtors in the same transaction. We had a few of those last week and if you are new to real estate or require a very high level of interaction with your lender/broker. Then consider this company.