As you can see in this chart of long term interest rates going back to 1971, interest rates pertaining to the 10 year note and the 30 year fixed rate mortgage have never been lower. To offset the economic effects of the COVID Pandemic, the Federal Reserve has been conducting Quantitative ... » Learn More about Interest Rates Have Never Been Lower
Mortgage Rates
Income to Purchase Loan Guide San Fernando Valley Single Family Homes September 2020
This is a ballpark guide on what it would take financially to purchase a median-priced home in the San Fernando Valley. Interest rates are still at historic lows, pricing has been appreciating at a substantial pace over the past 5 months. The 80% Loan to Value (LTV) is only a guide. There are ... » Learn More about Income to Purchase Loan Guide San Fernando Valley Single Family Homes September 2020
Mortgage Rates Still Great, But Two Elements Pushing Them Up
As can be seen in the chart of the 10 year note interest rates, the long-term yields of the interest curve have been trickling up over the past week. This is the part of the curve that has an effect on 30 year fixed mortgage rates. The secondary money market is looking at the economy picking up, and ... » Learn More about Mortgage Rates Still Great, But Two Elements Pushing Them Up
The Mortgage Rate Dropping Relative to the 10 Year Treasury
The US 10 yr treasury rate and the Conforming 30 year mortgage rate track well together. The mortgage rate always has a premium relative to the treasury. Even in the best of times, the US treasury will always be a more secure investment than a mortgage, even though it's secured by real estate. ... » Learn More about The Mortgage Rate Dropping Relative to the 10 Year Treasury
A Short Term Reprieve From the New Freddie Fannie Refinance Tax
Freddie Mac and Fannie Mae will be holding off for a couple of months on implementing the new .5% tax on refinances. The “Adverse Market Fee” was going to begin on September 1. Now it’ll be December 1. The tax was announced by the FHFA without any warning two weeks ago, and broadsided the ... » Learn More about A Short Term Reprieve From the New Freddie Fannie Refinance Tax