The December California state real estate numbers have a few striking year over year elements that show the stronger market in 2019 compared to 2018. The affordability Index is better by 14+%, even though the median price is up 10%, primarily because the interest rates are a full percent lower than ... » Learn More about California Real Estate Market at a Glance December 2019
Mortgage Rates
Mortgage Rates Stable… For How Long?
The mortgage rates have been in a good stable range for a few months. The Federal Reserve rate drops last year and continuing their purchase of $60 billion per month of treasuries, have propped up the economy, while the uncertainty of the China trade issues were up in the air. Now with the signing ... » Learn More about Mortgage Rates Stable… For How Long?
FHFA Announces Higher Maximum Conforming Loan Limits for 2020
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 2020. In most of the U.S., the 2020 maximum conforming loan limit for one-unit properties will be $510,400, an increase from $484,350 in ... » Learn More about FHFA Announces Higher Maximum Conforming Loan Limits for 2020
Mortgage Rates Pop over China News (Again)
What a year for interest rates! The 10 year note, which we follow as it most correlates with 30 year fixed mortgage rates, was at 3.25% back in September 2018. A year later in September of this year it dropped all the way down to 1.44%! Now over the past two month’s rates have had broad swings, but ... » Learn More about Mortgage Rates Pop over China News (Again)
Mortgage Rates in Flux, They are News Driven, But Ignore the News
The interest rates are on the low end of the cycle, but there has been a lot fluctuation in rates over a week, or even in a single day. It can be news driven by economic numbers, the China trade issues, or even a tweet... One thing for sure, the Freddie Mac information released by the ... » Learn More about Mortgage Rates in Flux, They are News Driven, But Ignore the News