If the Federal Reserve increases their overnight rate, will mortgage rates go up? Maybe not. Learn what affects mortgage rates, and how to predict where they're going from Ron Henderson President / Broker of Multi Real Estate Services this Friday September 11 at 8:15am at the OutWest Marketing ... » Learn More about What Affects Mortgage Interest Rates & How to Predict Where They’re Going to Go – Seminar
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California Real Estate Market at a Glance
The California real estate market is on solid footing. Pricing has appreciated a little over 5% year over year. The appreciation is driven by strong sales and low inventory. The affordability index has been dropping because of the higher property values. The interest rates have stayed steady around ... » Learn More about California Real Estate Market at a Glance
Dos and Don’ts When Getting a Mortgage
There are things people do when they apply for a mortgage, that they think are helpful, or don't have consequences, but can be detrimental to getting the loan. An approved loan can blow up last minute, as lenders will pull a new credit report right before funding a loan, to confirm there aren't any ... » Learn More about Dos and Don’ts When Getting a Mortgage
Rates Are Up, No They’re Down, No They’re Up…
Interest rates have been on a major roller coaster over the past few days. The 10 year note most closely tracks the moves in mortgage rates. If you reference the attached chart you can see the volatility. Last Wednesday the rate was at 2.217%, but as the information on China's economic issues ... » Learn More about Rates Are Up, No They’re Down, No They’re Up…
California Housing Affordability by County
As California property values continue to appreciate, the affordability level drops. Just wait until the interest rates go up... This is only one element of the housing affordability issues many regions in California are realizing. It's a matter of supply and demand. There aren't enough new units ... » Learn More about California Housing Affordability by County