Several of the Federal Government departments and agencies already have had their budgets approved by Congress. So they won't be affected by the looming potential gov't shutdown. A few areas of the government that may get caught up in a shutdown can have a direct effect on closing a mortgage. The ... » Learn More about How a Partial Gov’t Shutdown Can Affect Real Estate Transactions and Mortgage Originations
Archives for 2018
Los Angeles Home Price Fundamentals Q318
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018) BRE ... » Learn More about Los Angeles Home Price Fundamentals Q318
Federal Reserve Increases Fed Rate Again Another 1/4% to 2.25-2.5% Range, But Mortgage Rates Drop
As expected, the Federal Reserve increased their overnight Fed Funds Rate another .25%. This will put the rate in the 2.25-2.5% range. This will affect consumer short term borrowing costs and interest rates on credit cards, and adjustable rate mortgages with an index tied to short term interest ... » Learn More about Federal Reserve Increases Fed Rate Again Another 1/4% to 2.25-2.5% Range, But Mortgage Rates Drop
Housing Assistance Grants for Homeowners and Renters Affected by the Camp, Woolsey, and Hill Fires
Through a $1 million gift from the REALTORS® Relief Foundation, C.A.R. is offering disaster relief grants up to $2,000 per household to provide assistance with mortgage relief or temporary housing, such as payments on the mortgage of a primary residence that was burned in a fire, lease or rent ... » Learn More about Housing Assistance Grants for Homeowners and Renters Affected by the Camp, Woolsey, and Hill Fires
Mortgage Rates Drop – Yield Curve Close to Inverting
Lets take a look at the spread between the 10-year and 2-year yield in the past, and how it has historically been a very accurate sign of a recession once the spread goes to 0 or becomes inverted. While the spread is not at 0 or inverted, it is getting very close at only 13bp. which is a sharp ... » Learn More about Mortgage Rates Drop – Yield Curve Close to Inverting