The 30 year fixed mortgage rates have been steadily dropping and are a full percent lower than a month ago. 6.3% may not be 3% like we saw a year ago, but much better than the 7.5% seen in early November. We know the Federal Reserve will increase the Fed Funds Rate again next week. Their battle ... » Learn More about Mortgage Rates Fall Back to Multi Month Lows
California Real Estate market
San Fernando Valley (Los Angeles) September 2022 Housing Statistics – Mortgage Rate Induced Weakening
The higher rates being expedited by the Federal Reserve to tame inflation is affecting housing purchase affordability levels and is now being reflected in recent statistics. The housing market and pricing numbers are always a reflection of supply and demand. From a macro level, the Los Angeles ... » Learn More about San Fernando Valley (Los Angeles) September 2022 Housing Statistics – Mortgage Rate Induced Weakening
Buyers Chase the Market Up, Sellers Chase the Market Down
Understanding the dynamics of a real estate market is critical. Real estate and economic cycles may have different catalysts, but the ultimate result is the same. Property values go up, and they go down. Over time the values are always higher, but the cycles may take years to cycle through. The ... » Learn More about Buyers Chase the Market Up, Sellers Chase the Market Down
California Real Estate Market at a Glance July 2023
California's real estate market continues to normalize. The year-over-year numbers are skewed as over the last 12 month period, the first 6 months were still a super hot market with artificially low 3% mortgage rates and no inventory... the past 6 months the Federal Reserve is taking away the ... » Learn More about California Real Estate Market at a Glance July 2023
Mortgage Rates Moves Every Time An Economic Report Is Released
There has been a slew of economic reports released lately that give the Federal Reserve, and financial markets differing stories on where interest rates should go. The Federal Reserve has two primary goals dictated by its charter. Maintain maximum employment and stability of the financial ... » Learn More about Mortgage Rates Moves Every Time An Economic Report Is Released