As you can see in the chart of the 10 year note, the long term rates have jumped pretty hard starting just before Christmas. Today the Federal Reserve's meeting notes shows their aggressive approach to normalizing interest rates. The Fed already announced they will be doubling tapering amounts ... » Learn More about Double Hit on Mortgage Rates From Fed and FHFA
California Real Estate Market at a Glance November 2021
After the California real estate market cooling off for a couple of months, the market stays heated with only 1.6 months of inventory. The 30-year mortgage rates are a little higher, but still historically low. The number of home sales is lower, primarily as a result of the low inventory, but we ... » Learn More about California Real Estate Market at a Glance November 2021
The History of Freddie Mac and Fannie Mae Conforming Interest Rates
The recent conforming loan limit increase announcement from the Federal Housing Finance Agency (FHFA) for 2022 was the largest in percentage terms and in the actual amount historically. The attached list reflects the conforming loan amounts going back to 1980. The maximum loan limits are based ... » Learn More about The History of Freddie Mac and Fannie Mae Conforming Interest Rates
Newly Released Conforming Loan Limits For 2022
Over the past month, some lenders have rushed to fund loans with a higher conforming loan amount in advance of the actual official release from the Federal Housing Finance Agency (FHFA). The preliminary $625,000 loan amount was shy by a fair amount. Obviously, the lenders were being conservative ... » Learn More about Newly Released Conforming Loan Limits For 2022
San Fernando Valley Los Angeles Real Estate Market Update November 2021
The San Fernando Valley and Los Angeles real estate markets are staying solid. Appreciation may back off from their white hot levels of 18% or so but should maintain at least high single digits for the moderate term. Inventory levels started to elevate, but have stabilized. Sales are holding solid. ... » Learn More about San Fernando Valley Los Angeles Real Estate Market Update November 2021