A federal crackdown on certain no-money-down home loan programs may hurt thousands of cash-strapped home buyers. Concerned about risky mortgages reminiscent of the housing bust, the U.S. Department of Housing and Urban Development recently called for national groups to stop lending down payments to home buyers seeking Federal Housing Administration loans. Buyers who don’t pony […]
Mortgage Rates Slump to 2-Year Low—but Consumers May Not Bite
Rates for home loans slid as investors snatched up bonds in the wake of an intensifying global trade war. The 30-year fixed-rate mortgage averaged 3.82% in the May 30 week, down from 3.99%, Freddie Mac said Thursday. It was the lowest level since September 2017 for the popular product, and its sixth-straight weekly decline. The 15-year […]
Late Sportscaster Dick Enberg La Jolla Chateau lands on market for $9.8M
The longtime home of sportscaster Dick Enberg recently came on the market for $9.8 million. Located just blocks from the beach in La Jolla, an area of San Diego, the property spans two lots. Enberg, who died in December 2017 at the age of 82, purchased the land in 1999 for $850,000. He then built a French-style chateau, which he filled […]
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