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
San Fernando Valley Housing Market Snapshot April 2022
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me Ron Henderson GRI, SRES, SFR, RECS, CIASPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about San Fernando Valley Housing Market Snapshot April 2022
Case-Shiller and FHFA Shows Housing Price Appreciation
The Case-Shiller and FHFA price indexes show housing prices going up substantially month over month, and annually. Case-Shiller average single-family home prices in the U.S., calculated monthly based on changes in home prices over the prior three months. One of the most accurate ways of ... » Learn More about Case-Shiller and FHFA Shows Housing Price Appreciation
Mortgage Rates Are Up – But Not Relative To History
Mortgage rates are up around 2% since the beginning of 2022. The word of the year is inflation. The Federal Reserve now admits that the “Transitory Inflation” they were expecting while keeping the rates artificially low to offset the Covid close down economic hit, is much stickier than expected. The ... » Learn More about Mortgage Rates Are Up – But Not Relative To History