Even though the Federal Reserve increased the Fed Funds Rate by a 1/4% a month ago, the interest rates have dropped 3/8% over the past two weeks. The attached chart of the 10 year note shows how the rates have dropped and broke through numerous support levels. The international stock markets have ... » Learn More about What’s Bad For the Stock Market Has Been Good For Interest Rates
Uncategorized
Porter Ranch Gas Leak Affects Real Estate Financing and Sales
The Southern California Gas Company gas line leak is not just making people that live in the region sick physically, but potentially sick financially. Until the gas leak is resolved and the state's Declaration of a Disaster Area is lifted, some lenders are putting moratoriums on accepting new ... » Learn More about Porter Ranch Gas Leak Affects Real Estate Financing and Sales
West Hills Private Guest House for Rent
View the Tour Very private studio configured 500 sq ft guest house w/10' ceilings. Perfect for single person. A nice neighborhood close to Warner Center. A good living environment. Separate entry in front. Full bathroom w/glass block, small walk-in closet, kitchenette w/full refrigerator (not ... » Learn More about West Hills Private Guest House for Rent
California Real Estate Market at a Glance
California median home price up year over year 6.8%, but down .2% month to month. The quantity of sales dropped 8.4% month over month, and dropped 1.6$. The inventory jumped 13.5% month over month. The seasonal change is typical, and the impact of El Nino on Northern California sales may skew the ... » Learn More about California Real Estate Market at a Glance
Yield Curve Drops Making ARMs More Expensive Relative to Fixed Mortgage
The yield curve, or difference between short term interest rates compared to long term rates have tightened. This is due to the long term interest rates (10yr/30yr notes) staying fairly stable over the past 6 months, but the short term rates (1yr/2yr notes) have gone up. The increase in short term ... » Learn More about Yield Curve Drops Making ARMs More Expensive Relative to Fixed Mortgage