Mortgage Interest Rates

As of September 17, 2014, the mortgage interest rates rose for the 3rd straight month.  It is not uncommon for mortgage interest rates to rise when the Federal Reserve is scheduled to meet.

At any rate, mortgage interest rates remain historically relatively low.

Weekly national mortgage survey

Results of’s Sept. 17, 2014, weekly national survey of large lenders and the effect on monthly payments for a $165,000 loan:
30-year fixed 15-year fixed 5-year ARM
This week’s rate: 4.33 3.46 3.35
Change from last week: +0.06 +0.04 +0.06
Monthly payment: $819.45 $1,176.32 $727.18
Change from last week: +$5.82 +$3.24 +$5.46

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Waiting Period To Buy a Home Again After a Foreclosure or Short Sale

wait is almost overWaiting Period To Buy a Home Again After a Foreclosure or Short Sale

How long must a previous homeowner wait before he/she can buy another home after they experienced a foreclosure, short sale, bankruptcy, or deed-in-lieu of foreclosure? According to the September 2014 California Real Estate official magazine of the California Association of Realtors, former home owners must wait the following estimated amount of years in order to re-qualify for home loan financing.

  1. Federal Housing Administration (FHA): 1-3 years after a short sale or foreclosure
  2. Veterans Affairs (VA) Home Loan: 3 years after a short sale or foreclosure.
  3. Freddie Mac Conventional Mortgage: 4 Years after a short sale or deed-in-lieu and 7 years after a foreclosure.
  4. Fannie Mae Conventional Mortgage: 2 years with a 20% down ...
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6837 Ramona Ave. Rancho Cucamonga

Amazing home for sale: 6837 Ramona Ave. Ranco Cucamonga, CA 91701

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2013 Home Seller Survey

2013 Home Seller Survey
In August 2013, the California Association of Realtors conducted a survey of home sellers that bought a home between February 2013 and August 2013.

The 2013 Home Seller Survey infographic on the right shows the results of the survey:

  • 50% of the sellers sold their home above asking price.  One can safely say that the home was priced correctly, thus attracting enough buyers that overbid on the home.
  • On Average, they each received approximately 6 offers from buyers.  A home that is priced correctly will definitely receive multiple offers.

Top Reasons for Selling a Home:

  • 23% of home sellers felt that the time was right
  • 14% of home sellers sold due to financial difficulties.
  • 145 of home sellers sold because of the competitive interest rates.
  • 135 of home sellers sold because they felt th...
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Join Realty Connection Group

join our team

Realtors, can you relate to the questions below?

  • Are you a Realtor that works from home like a lot of Realtors?
  • Have you been licensed and working full time in real estate for over 2 years?
  • Have you closed plenty of buyer and seller transactions?
  • Do you require minimal to zero help to close a real estate transaction?
  • Do you feel that your commission split with your real estate broker is unfair?
  • Most importantly, would you like to give yourself a pay raise?

Hey, as Realtors we work very hard to get the phone to ring and, ultimately,  close real estate transactions. At Realty Connection Group, we believe that you need to be compensated well for your efforts.  Therefore, if you are considering changing brokers, we believe that we can make you an offer that you will not refuse.

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Los Angeles Real Estate Broker

Los Angeles Real Estate Broker

Nicolas Romo has been licensed to help buyers and sellers with their real estate needs since April 2008. Since, he has helped many families buy and sell real estate throughout Los Angeles and southern California. He has plenty of experience with short sales, bank owned properties, regular/standard sales, as well as helping homeowners save their home from foreclosure. Nicolas obtained his real estate broker license in May 2013 and is currently broker/owner of Realty Connection Group. He is a college graduate and ex-police officer with a strong work ethic and excellent understanding of what it takes to sell and by real estate.

Nicolas loves hiking, weight training, going on excursions, reading, traveling, and enjoying the beauty of life with friends and famil...

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5 Reasons to Hire a Realtor

When it comes to buying or selling a home, the process can be quite confusing and stressful for most people. There is a myriad of paperwork that needs to be completed, disclosures that are required, timelines to be met, market statistics that need to be understood, and negotiations that need to take place, just to name a few of the actions/steps that must occur in all real estate transactions. Without a doubt, there is a lot to juggle and understand when buying or selling a home. This is why hiring a Real Estate Broker is recommended. Real Estate Brokers have the knowledge, education, and experience to help you with the transaction while protecting your best interest.

Below is a list of the 5 most important reasons to hire a real estate professional:

5 reasons to use a realtor

5 reasons to use a realtor

Should yo...

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Most Expensive Homes in Los Angeles

384 DelfernMost Expensive Los Angeles Home

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As of June 8, 2014, the most expensive home in Los Angeles is  located at 384 Delfern Drive, Los Angeles, CA 90077 and is currently in pending status for a whopping $75,000,000.

It features:

  • 10 bedrooms
  • 12.5 bathrooms
  • 15,520 sf of living space
  • 7.652 acres
  • Tennis Court
  • Pool
  • Massive motor court
  • Attached 4 car garage

Do you want to know what your Los Angeles home is worth? If so,  please visit to request your FREE home market analysis. No strings attached.

Or, contact:

Nicolas Romo | Real Estate Broker | BRE 01787685

Realty Connection Group

(800) 659-4610 x102




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