NOT LISTEDSANTA MONICA CONDO - SUNSET PARK2 BEDROOM / 2 BATH / 1400 SQ FTFOR LEASE --$4500 / MOS Quiet Unit in Great complex. Close to Pool and Spa this 2BR 1.75BA Condo has a large living room
FEDERAL HOUSING FINANCE AGENCY FINALLY ANNOUNCES DRAMATIC EASING OF MORTGAGE STANDARDS
Ever since the Troika of Real Estate Brokers, Banker and Appraiser decided to collaborate together and throw our economy into the worst recession since the "Great One" in 1929, and by some standards worse, I have been waiting for the government to help the people hurt the most by these criminals.
I have also been screaming about the interest rates being so low that you need to take advantage of it but of course a lot of you could not do that because of the government/bank mortgage standards that left only the rich, that do not need a mortgage, able to get one.
NOW BE CAREFUL AND WATCH CLOSELY;
As the easing of standards come into play and there are more people applying and getting mortgages you could see interest rates rise just from this. Remember mortgages are also run by the supply and demand principle of economics. Nobody applying for loans, interest rates go down to attract borrowers, lots of borrowers, interest rates will start to go up. Simplistic but could play in the long awaited rise of rates.
Here is the article; DRAMATIC EASING OF MORTGAGE STANDARDS
Have questions , I have answers !!! If I don't I will get them!!!
Robert Schmalz California
Broker Lic #01813025
West LA Real Estate Group / Rodeo Realty
11940 San Vicente Blvd Suite #100
Los Angeles, CA 90049
Serving all of Santa Monica, Brentwood CA,
Pacific Palisades and West Los Angeles
CLICK TO SEARCH THE MLS
DBA "West Los Angeles Real Estate Group" ....