I've said it numerous times: the Fed Funds Rate does not directly correlate with the 30-year fixed mortgage rate. Every time the Fed makes a move, it hits the news, and my phone starts ringing off the hook with potential borrowers expecting mortgage rates to drop. However, mortgage rates have ... » Learn More about Mortgage Rates Plummet a Year Ahead of Fed Funds Rate Drop
economics
FHFA Mortgage Loan and Natural Disaster Dashboard
The Federal Housing Finance Agency (FHFA) has released the Mortgage Loan and Natural Disaster Dashboard the public. It’s designed to provide property owners, community leaders, financial institutions, policymakers, and other stakeholders with better insight into which areas are most likely to incur ... » Learn More about FHFA Mortgage Loan and Natural Disaster Dashboard
San Fernando Valley Housing and Mortgage Rate Update May 2024
In a nutshell the housing market and mortgage rates are basically in a status quo position. Housing active inventory is up but still tight from potential sellers being locked in with historically low interest rates. Overall sales are active. Well priced listings in the lower price range sell ... » Learn More about San Fernando Valley Housing and Mortgage Rate Update May 2024
Can We Save Social Security? Bipartisan Proposals You Should Know
I've blogged plenty on how the Federal budget deficits will keep interest rates higher, but we're also hitting a wall with the aging population and a Social Security deficit. The longer the powers that be in Washington delay making changes, the more radical the adjustments will have to ... » Learn More about Can We Save Social Security? Bipartisan Proposals You Should Know
Weighing the Options: Is Paying More on Your Mortgage Right for You?
When mortgage rates were forced artificially low during the COVID period, I had to have serious conversations with clients on if they should pull extra cash out with a refinance if they’ll have an economic need for that money in the future. This was because they weren’t going to be awarded that low ... » Learn More about Weighing the Options: Is Paying More on Your Mortgage Right for You?