an overview and thoughts about proposed changes to California’s Prop 13. Information from a meeting with John Noguez – Los Angeles County Assessor Aug 23, 2011. Covers basics of Prop 13, the potential splitting of the property types, how the gov’t will bribe general population to vote for it, and the potential unintended consequences.
evaluates the effect of the expiration of the temporary conforming loan limits. If you have a loan amount between $417,000 and $729,950, and want to refinance, do so immediately. Rates are great, and you get the temporary benefit of Freddie Mac, Fannie Mae & Ginnie Mae getting you a better rate than when the loan goes Non-Conforming.
Ron Henderson President/Broker of Multi Real Estate Services evaluates the present mortgage interest rate environment as of August 3, 2011.