Two weeks ago California mortgage rates hit a new all time record low of 4.5% on a 30 year fixed mortgage. Today’s California mortgage rates are a little higher than that record low. During the past 2 weeks there has been a slow but steady increase in…

The details of every mortgage news story mentions that banks are going under and home loan credit lines are tightening. Nowadays it has become more difficult for homeowners to refinance than it was a few years ago. First of all, now they are required to meet a set of stringent new requirements; then they risk a low house appraisal.Unluckily, the problem of low house appraisals is happening all…