Due to low inventory, and a robust market because of low interest rates, San Fernando Valley property values continue to appreciate. The affordability index has gotten better over the past year because of the low rates. If you are in the Los Angeles area, have any questions or real estate sales ... » Learn More about Income to Purchase Loan Guide San Fernando Valley Single Family Homes July 2020
New Listing – West Hills Cul-De-Sac
View 3D Tour - Single story West Hills 1800+ sq ft 4 Bedroom 2 bath located in a quiet cul-de-sac. Walking distance to Chaminade College Prep School and only minutes to the Valley's economic hub Warner Center. The large "Flex" room could make a great office, studio, or family room. Plenty of storage ... » Learn More about New Listing – West Hills Cul-De-Sac
Ouch, A Double Whammy, Rates Up, and a .5% Point New Tax on Mortgage Refinances
The Federal Housing Finance Agency (FHFA) in their all-mighty wisdom decided to add a .5% fee to Freddie and Fannie refinances submitted to them after September 1. So basically conforming loan refinances just got more expensive for the borrower. Note this is not applicable to purchase loans (so ... » Learn More about Ouch, A Double Whammy, Rates Up, and a .5% Point New Tax on Mortgage Refinances
San Fernando Valley Housing Statistics July 2020
The San Fernando Valley housing market is feeling the effects of supply and demand. Inventory is low, while the purchase market is being fed by historically low-interest rates and a pent up demand. As was conveyed in my blog in the middle of July, the sales started leveling off in June after ... » Learn More about San Fernando Valley Housing Statistics July 2020
Mortgage Market Rate Indices August 10 2020
This chart reflects the historic moves of various mortgage programs. Jumbo rates fell 5 bps, while VA rates rose 5 bps on Friday. Conforming and FHA rates were little changed. Financial markets and interest rates are volatile and may change at any time without notice. This information is ... » Learn More about Mortgage Market Rate Indices August 10 2020