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
New Maximium Conforming Loan Limits for 2019
The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in ... » Learn More about New Maximium Conforming Loan Limits for 2019
Calabasas 3 BR Beauty Rental Available – $4995 mo
This move in ready Saratoga Hills corner lot beauty has 3 bedrooms, 3 bathrooms and features an open floorplan with vaulted ceilings. 2322 sq ft house with a 10,581 sq ft lot. A loft configured den overlooks the living room. Two bathrooms with double sinks. Chief’s upgraded kitchen with granite ... » Learn More about Calabasas 3 BR Beauty Rental Available – $4995 mo