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
housing affordability
Is it a buyer’s or Seller’s market for housing? San Fernando Valley Real Estate Market Update July 2024
Is it a buyer’s or Seller’s market for housing? It depends, but it’s more balanced than it has been for a while. A real estate market is always based on locality, supply, and demand. On a national level there are areas in the South where there’s plenty of land available, and less regulatory ... » Learn More about Is it a buyer’s or Seller’s market for housing? San Fernando Valley Real Estate Market Update July 2024
Exploring the Possibility of No-Doc Mortgages
As a mortgage broker for close to 4 decades, I’ve seen loan programs (and lenders) come and go. Some of the population fit into the traditional “Box” as a W-2 employee where income to qualify for a loan is obvious and easily documented. Many potential borrowers fall into the business owner, ... » Learn More about Exploring the Possibility of No-Doc Mortgages
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
California Q1 2024 Housing Affordability Index
If you are in the Los Angeles area, and have any questions or real estate sales or financing needs, feel free to contact me Ron Henderson GRI, SRES, SFR, RECS, CIAS, CREN, GREENPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about California Q1 2024 Housing Affordability Index