The Federal Reserve increased their overnight Fed Funds rate by .25% to .50-.75%. The bond market seemed more concerned about Fed Chair Janet Yellen's press conference, and if the Fed is behind the curve, and moving too slow. Yellen indicated that they are planning three more rate adjustments in ... » Learn More about Fed Increases Rate 1/4% – Mortgage Rates Jump
housing affordability
Conforming Loan Limit Increased the First Time in 10 Years
The Federal Housing Finance Agency (FHFA) today increased the conforming loan limits for Freddie Mac and Fannie Mae from $417,000 to $424,100. This is the first time the loan limit climbed above $417,000 in 10 years. The baseline loan limit was established by the Housing and Economic Recovery ... » Learn More about Conforming Loan Limit Increased the First Time in 10 Years
California Market at a Glance
October had very solid numbers for California real estate. Over the next couple months the effect of the interest rates jumping substantially after the election will permeate into the affordability index. The rate increase is not reflected in these numbers. It's normal for fence sitters to jump ... » Learn More about California Market at a Glance
California Real Estate Market at a Glance
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
California Housing Affordability by County
The second quarter of 2016 shows the historical norm of the coastal areas being traditionally less affordable than the inland areas. Contributing factors tight inventory, low interest rates, more available buildable land inland, income not keeping up with appreciation. If you are in the Los ... » Learn More about California Housing Affordability by County