The mortgage forbearance program is a moving target, and changing constantly. This is as of 5/13/20. There are the unintended consequences on taking a mortgage forbearance. If you're in a financially distressed position because of COVID, us it. If you can afford to make the payments, pay it. There ... » Learn More about Unintended Consequences of Mortgage Forbearance – Video
San Fernando Valley Real Estate Sales Take a Hit in April From COVID
We knew the statistics for residential real estate in April were going to be rough. It was the first full month the “Stay at Home” order would have been in place. They were.... 2020 started as very strong real estate market, but hit a wall in the middle of March when the COVID-19 economic ... » Learn More about San Fernando Valley Real Estate Sales Take a Hit in April From COVID
Another “New” Level of Complexity to Show a Property for Sale in California
Like it wasn’t difficult enough showing and selling properties with the Stay at Home order in place. Cal/OSHA just added another layer of complexity. Now a property must have a “through cleaning and disinfection of a property before and after each showing”. That means regardless of meeting the ... » Learn More about Another “New” Level of Complexity to Show a Property for Sale in California
Mortgage Bond Malfunctions Due to Federal Reserve Purchases Resolved
When the Federal Reserve first came into the bond market and applied their new Quantitative Easing purchasing bonds and mortgage backed securities adding liquidity to the financial market to counter COVID economic issues, it had an unintended consequence of disrupting the mortgage market. In a ... » Learn More about Mortgage Bond Malfunctions Due to Federal Reserve Purchases Resolved
Why the Low Mortgage Rates Today Are Still High, and How the Rates Can Still Go Lower
The attached chart of the rate spread between the 30 year fixed rate mortgage and the 10 year treasury note is a prefect visual and mathematic illustration on how today’s low mortgage rates are still high relative to where they should be historically, given other economic considerations. I’ve ... » Learn More about Why the Low Mortgage Rates Today Are Still High, and How the Rates Can Still Go Lower