Corona del Mar may soon have a new entrance into the city, at MacArthur Boulevard and East Coast Highway. The plans could include an extra-wide sidewalk, planted palm trees, and low walls for seating. According to Corona del Mar Today’s article on the topic, “Members of the Corona del Mar Citizens Advisory Panel voted …
Owning Continues to Become More Affordable Relative to Renting, but Several Obstacles Prevent Many From Biting Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number …
Continue reading ‘Stronger Lure for Prospective Home Buyers’ »
Imagine not having to pay rent or make mortgage payments. In Orange County, almost 1 out of every 4 homes is in that category because their owners don’t have a mortgage, according to U.S. Census data. We’re talking 100 percent equity. Housing costs as low as $500 a month. And the number is growing. The …
Industry data released Thursday show borrowing costs for home loans falling to new lows, slipping further from what was already reported as the lowest level for mortgage interest rates in more than a half-century. Economists attribute the continuing declines to ongoing employment concerns and economic uncertainty. Freddie Mac reports that all fixed- and adjustable-rate mortgage …
Continue reading ‘Mortgage Rates Fall to New Record Lows … Again’ »