Thursday, August 27, 2009

East Bay, Berkeley, Oakland, Emeryville Real Estate Market Update

30 Year Fixed Rate Loan at a Cost of One Point: 5.0%*
Rates got slightly worse today in response to slightly improving employment and GDP numbers.

The New York Times announced that Google will soon enter the mortgage arena by offering rate quotes. Lending Tree, a company that also offers on-line quotes, is upset about this because Google will be using the same supposedly exclusive technology that Lending Tree uses.

With all the problems we're seeing that mortgage brokers have to deal with it will be interesting to see how this one plays out.

No comments:

Post a Comment