When it comes to buying a home, mortgage rates play a massive role in determining affordability. With President-elect Trump’s potential economic policies on the horizon, it’s worth asking: how could these plans influence mortgage rates? Let’s break it down. 1. Fiscal Policies and Government Debt: ... » Learn More about How Trump’s Economic Plan Could Impact Mortgage Rates
mortgage rates
Key Factors Driving San Fernando Valley’s Real Estate Market: Rates, Inventory, and Insurance
The residential real estate market in the San Fernando Valley, Los Angeles region, has stabilized. Inventory is up but still remains moderate by historical standards. The quantity of sales has dropped, and affordability remains tight. The recent drop in mortgage rates, from 8% in October 2023 ... » Learn More about Key Factors Driving San Fernando Valley’s Real Estate Market: Rates, Inventory, and Insurance
Mortgage Rates Plummet a Year Ahead of Fed Funds Rate Drop
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
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
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?