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, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage ... » Learn More about California Real Estate Market at a Glance
San Fernando Valley Median Home Price for August is the Highest Since 2007
The Southland Regional Association of Realtors The median price of single-family homes sold throughout the San Fernando Valley during August came in at $625,000 — the highest median price since 2007, the Southland Regional Association of Realtors reported on Thursday, Sept. 15. That was ... » Learn More about San Fernando Valley Median Home Price for August is the Highest Since 2007
Fed Keeps Rates Alone – For Now – Good For HELOCs and Most ARMs
The Fed left rates unchanged at today's FOMC meeting. They said that the case for a rate increase has strengthened, but decided to wait for further evidence. There were 3 dissenters - Rosengren, Mester, and George, the most since December 2014. This could set up a hike in December. The Fed's Dots ... » Learn More about Fed Keeps Rates Alone – For Now – Good For HELOCs and Most ARMs
Fed Fear – Rates Jump
Two days ago the interest rates dropped, as the perception was the Federal Reserve was going to hold off on increasing the over night Fed rate. Then over the past two days, there has been enough fed speak from the powers that be at the Federal Reserve, that the bond market is now perceiving a move ... » Learn More about Fed Fear – Rates Jump
Beware of the LIBOR -If Your Mortgage is Attached to it
If you have an adjustable rate mortgage (ARM), and if the index it's using to determine it's interest rate is the LIBOR (London Interbank Offered Rate), you may be in for a shock the next time it adjusts. The LIBOR is among the most common of benchmark interest rate indexes used to make ... » Learn More about Beware of the LIBOR -If Your Mortgage is Attached to it