If you need assistance, please call 925-484-0707

Down Payment | You've Real Estate Questions...We've Real Answers! Blog

Monday, January 25, 2021   /   by Steve Mohseni

Why Moving May Be Just the Boost You Need

As we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being. This is no surprise since the U.S. Census Bureau reported an increase in the percentage of adults with symptoms of anxiety and depression in a recent Household Pulse Survey.
There’s logic behind the idea that making a move could improve someone’s quality of life. When people change their scenery, they often feel happier. Catherine Hartley, an Assistant Professor at New York University’s Department of Psychology and co-author of a study on how new experiences impact happiness, mentioned.
“Our results suggest that people feel happier when they have more variety in their daily routines—when they go to novel places and have a wider a ...

Read More


  alameda county, bay area, house, buyers, moving up., pleasanton, mortgage, down payment, fha, mortgage insurance, home value estimate, pmi, sellers

Thursday, January 14, 2021   /   by Steve Mohseni

Why Right Now May Be the Time to Sell Your House

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows.

According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is incredibly strong. That’s not the case, however, on the supply side. Seller traffic is simply not keeping up. Here’s a breakdown by state:As the maps show, buyer traffic is high, but seller traffic is low. With so few homes for sale right now, record-low inventory is creating a mismatch between supply and demand.

NAR also just reported that the actual number of homes currently for sale stands at 1.28 million, down 22% from one year ago (1.64 million). Additionally, inventory is at an all-time low with 2.3 months supply ...

Read More


  alameda county, bay area, house, moving up., pleasanton, mortgage, down payment, fha, mortgage insurance, home value estimate, sellers

Friday, May 29, 2020   /   by Steve Mohseni

Mortgage Rates Hit Another All-Time Low

Mortgage Rates Hit Another All-Time Low

May 28, 2020

The 30-year fixed-rate mortgage has again hit the lowest level in our survey’s nearly 50-year history, breaking the record for the third time in just the last few months. These unprecedented rates have certainly made an impact as purchase demand rebounded from a 35 percent year-over-year decline in mid-April to an 8 percent increase as of last week—a remarkable turnaround given the sharp contraction in economic activity. Additionally, refinance activity remains elevated and low mortgage rates have been accompanied by a $70,000 decline in the average loan size of refinance borrowers this year. This means a broader base of borrowers are taking advantage of the record low rate environment, which will benefit the economy.


Current Mortgage Rates Data Since 1971 xls





Primary Mortgage Market Survey®

U.S. weekly averages as of 05/28/2020



30-Yr FRM


3.15%


0.09 1-Wk

0.84 1-Yr

. ...

Read More


  alameda county, bay area, buyers, house, moving up., down payment, mortgage

Friday, February 21, 2020   /   by Steve Mohseni

Interest Rates Over Time

Interest Rates Over Time [INFOGRAPHIC]

Some Highlights:
With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.

Read More


  alameda county, bay area, buyers, house, pleasanton, moving up., down payment, fha, mortgage, mortgage insurance, pmi

Tuesday, February 18, 2020   /   by Steve Mohseni

Why Put More Down!

The least amount in a down payment is an attractive option when people are thinking of buying a home.  A common reason is to have cash available for furnishing the new home and  possible unexpected expenses.
Some people don't have any options because they only have enough for a minimum down payment and the closing costs.  For those fortunate buyers who do have extra money available, let's look at why you'd want to do such a thing.
Most loans in excess of 80% loan to value require mortgage insurance to protect the lenders for the upper portion of the loan if the home were to go into foreclosure.  FHA requires an up-front premium of 1.75% of the amount borrowed plus a monthly amount of .85% on the balance.  FHA mortgage insurance premium must be paid for the life of the loan.
Mortgage insurance on conventional loans varies depending on the borrowers' credit and the amount of down payment being made.  Unlike FHA, when the unpaid balance reaches 78% of ...

Read More


  alameda county, bay area, buyers, house, pleasanton, moving up., down payment, fha, mortgage, mortgage insurance, pmi

Compass | Mohseni Real Estate Group
Steve Mohseni
15 Railroad Avenue
Danville, CA 94526
925-484-0707
CA DRE# 01267039
900 Main Street
Pleasanton CA 94566

 photo combinedLogo_zps6tkjf92d.jpg © Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 3/8/2021 7:08 PM CST. Displays of minimum information (e.g. a one-line or thumbnail search result, text messages, “tweets”, etc. of two hundred (200) characters or less) are exempt from this requirement but only when linked directly to a display that includes the required disclosure. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application.
This site powered by CINC: www.cincpro.com