Village News - Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma

Real estate picks up, FHA change a plus

 

Last updated 3/13/2008 at Noon



With the wheels of Fallbrook’s real estate market now moving, evidenced in March by the third straight monthly increase in the number of property transactions being placed into escrow, it is expected that the new economic stimulus bill signed into effect March 6 by President Bush will add positive momentum to the recovery process.

The bill allows homebuyers to purchase or refinance with an Federal Housing Administration (FHA) loan up to $697,500 in San Diego County through December 31 of this year, compared to the previous ceiling of $362,790.

Since FHA loans offer 30-year fixed rate mo...



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