Home Loans

Fixed US mortgages rates rose last week for the first time in a 4 week period – According to Bloomberg.com

Last week’s mortgage rate was the lowest since records began in 1971.    House prices in many parts of the country have dropped to resonable prices as well – perfect time to apply for a loan -  or to refinace if you loan is higher than the 4% range.

That means – with a  $120,000 loan could result in a $480 loan – and with the stimulus package resulting in up to $660 back a month as well.   

A loan Modification also can bring down your mortgage to levels you can afford.    Click here for more info!

The Federal Reserve has announced its attempting to double the current amount of mortgage debt – a  effort to make home buying affordable to first time home buyers.    This, with the $7,500 to $8,000 tax deduction the federal government has pushed to new home buyers,  has allowed more people to step into housing market.

To get your own Amazing Rate Mortgage, click here!

Home Buying is easy!

Obama California Stimulus Package

A couple of important notes;

· Housing: The Department of Housing and Urban Development has allocated almost $1.1 billion to the State of California and its localities for an array of housing and community development programs.

· Medical Care: Nearly $2 billion of Federal Medical Assistance Percentage (FMAP) funding has been made available to California, helping provide medical care for the state’s poorer residents, and relieving some strain on the state budget. And $15.6 million has been made available to California for the support of Community Health Centers—an amount that is expected to assist 81,000 patients and create 600 jobs.

· Education: California will receive nearly $8.6 billion in Recovery Act funding to support Department of Education Programs—including $6 billion for the State Fiscal Stabilization Fund.

________________________

THE WHITE HOUSE
Office of the Press Secretary

FOR IMMEDIATE RELEASE
March 19, 2009

Funding for California in the first 30 days since signing of the American Recovery and Reinvestment Act

· Medical Care: Nearly $2 billion of Federal Medical Assistance Percentage (FMAP) funding has been made available to California, helping provide medical care for the state’s poorer residents, and relieving some strain on the state budget. And $15.6 million has been made available to California for the support of Community Health Centers—an amount that is expected to assist 81,000 patients and create 600 jobs.

· Farm Support: The U.S. Department of Agriculture has made a total of 46 Direct Farm Operating Loans in California, to help farmers buy feed, seed, fuel, and equipment. A total of $4.3 million has been obligated to the State for these loans.

· Highways: Nearly $2.6 billion in Recovery Act funding for highway infrastructure investments has been allocated to California – the largest sum for any state in the country.

· Mass Transit: California will get over $1 billion for the repair and rebuilding of public transportation infrastructure – mass transit systems, buses, and light rail.

· Law Enforcement: For activities to prevent and control crime, and put more police on the streets, California has been allocated $225 million from the Recovery Act..

· Weatherization: The Administration has announced nearly $412 million in weatherization funding and energy efficiency grants for California.

· Housing: The Department of Housing and Urban Development has allocated almost $1.1 billion to the State of California and its localities for an array of housing and community development programs.

· Education: California will receive nearly $8.6 billion in Recovery Act funding to support Department of Education Programs—including $6 billion for the State Fiscal Stabilization Fund.

· College Loans: The Recovery Act provided $15.64 billion for Pell Grants, which will increase the maximum award for eligible California students by $500.

· Job Training: California will be allotted nearly $489 million for different activities under the Workforce Investment Act, as well as nearly $45 million for employment services.

· ARRA: Public Review [White House]