The rate of increase in interest rates has been abrupt but going into a historically normal range. Will we ever see the 2.5% 30 year mortgage rate again? I never say never, but it's unlikely. It took a pandemic, the goverment shutting down the economy, and artificially dropping rates by buying ... » Learn More about Keeping Mortgage Rates in Perspective; 1971-May 2022
Mortgage Rates
Mortgage Rates Continue to Jump, Fed VS Inflation
Mortgage rates jumped from mid 5s to low 6s in just a couple of days. Friday's high inflation level of 8.6% and this Wednesday's Federal Reserve meeting is messing with the investor's psyche on what yield they need to buy mortgage-backed securities. Reality, the Federal Reserve is way behind the ... » Learn More about Mortgage Rates Continue to Jump, Fed VS Inflation
San Fernando Valley Los Angeles Real Estate Report May 2022
The higher interest rates are having an effect on San Fernando Valley housing transactions, but mainly in the capacity of how many qualified offers are being sent for the limited properties on the market... and sellers have to be more realistic on their listing prices. When the media reports ... » Learn More about San Fernando Valley Los Angeles Real Estate Report May 2022
San Fernando Valley Housing Market Slowing, But Still Moving Along
The higher interest rates are having an effect on the housing market, but that is no surprise. Over 6 months the 30 year fixed conforming loan rates have jumped from 2.75% to 5.5%. The slowdown is started to be reflected in the local housing numbers. New listings are flat month over month. ... » Learn More about San Fernando Valley Housing Market Slowing, But Still Moving Along
Income to Loan Guide San Fernando Valley Homes April 2022
Recently the interest rates are even higher than the 4.98% rate for a 30 year fixed mortgage, but the numbers conveyed in the graphic are a relative idea of where we are now with higher property values, and higher rates, hurting the affordability ratios and qualifying capabilities of many marginal ... » Learn More about Income to Loan Guide San Fernando Valley Homes April 2022