www.NorCalHomeLocator.com

We just spent our 3rd night at the Folsom Thurs Night Market and it was a blast! Stop by the next  Market on July 8th and visit our booth. Team Shanahan and Platinum Mortgage Network President, Dave Trillo  http://www.platinummortgagenetwork.com/ will be there then and every week till it ends on July 29th  to help with your real estate and mortgage questions.

Vendors of all kinds, dancers, muscians, games, kareoke,  food stations & more are present  from 6-9pm.  There are 4 more fun-filled nights coming up, so check it out! http://www.folsomtnm.com/

As of March 31^st the Federal Reserve will stop buying mortgages from Freddie Mac and Fannie Mae. Why should you care? It means that banks will have to raise interest rates on the mortgages they originate in order to attract private investors, rather than a guaranteed buyer. Get all the info here: http://www.philly.com/philly/business/personal_finance/20100317_Program_s_end_to_affect_interest_rates.html

Extended until Dec 31, 2010, first time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1500 a month for up to 6 mos to help pay their mortgage.  A qualified co-buyer can also participate in C.A.R.’s (Calif Assoc of Realtors) Housing Affordability Fund Mortgage Protection Program & receive $750 a month for up to 6mos. This free protection program received $1 million from C.A.R.’s & an additional $420,000 from N.A.R.’s (National Assoc) housing affordability funds & are available until the funds run out. Contact your Realtor for an application.