After October 4, 2010 FHA financing becomes much more expensive for the borrower. If you are planning to use an FHA loan program to purchase a home or refinance your home, it’s economically prudent to move quickly to avoid the increase MIP expense.

Last week the City of San Mateo had 129 condos or Class 2 properties for sale. This was an increase over previous weeks.  These condos are taking about 142 days to sell, which isn’t really much different than many houses are taking.  The Median price was $479,500  and this was for a 2 bedroom, 2 [...]