The Federal Reserve left the Fed Funds Rate unchanged at 5.375% at their policy meeting today. Even though the Fed left the rate unchanged, they’ve basically admitted that they are now in a neutral position. They’ve been in a tightening stance for almost two years. The rates have hit their highs for ... » Learn More about Fed Goes to Neutral and Mortgage Rates Lowest Since May
San Fernando Valley Real Estate Market Update November 2023
San Fernando Valley Single Family Housing median price is up 13% year over year. A far cry from the calls that we would have a housing price crash. As I've conveyed numerous times, it's just a matter of supply and demand. Active listings should seasonally go up soon, but statistically is over 30% ... » Learn More about San Fernando Valley Real Estate Market Update November 2023
Mortgage Rates Lowest In Two Months
Inflation based on the Producer Price Index (PPI), Consumer Price Index (CPI), and the Federal Reserve's favorite Personal Consumption Expenditures all show continued improvement. That in conjunction with the moderate Job Data, kept the the Federal Reserve to maintain the target range for the ... » Learn More about Mortgage Rates Lowest In Two Months
How The US Debt Affects Mortgage Rates
The United States is facing a dire fiscal situation, with a federal debt that has exceeded $33.7 trillion as of November 11, 2023. This staggering number equates to over $100,000 of debt for every single person in America. The debt servicing is presently $1.8 Billion per day. (Note this is not ... » Learn More about How The US Debt Affects Mortgage Rates
San Fernando Valley Real Estate Market Update October 2023
In today's atypical economic environment, the real estate market is exhibiting some unexpected trends. In a typical scenario, soaring interest rates would put a damper on both the volume of home sales and property prices. However, this is far from a typical economic environment. Let's delve into the ... » Learn More about San Fernando Valley Real Estate Market Update October 2023