Even though the Federal Reserve will main keep the Fed Funds Rate at 0% for the next couple of years, and has been buying $120 Billion a month in securities ($40B in mortgage backed securities) trying to force the interest rates down to offset the economic issues created by the pandemic, rates have ... » Learn More about Mortgage Rates Move Higher, Will They Come Back Down?
mortgage rates
San Fernando Valley Housing Statistics October 2020
The San Fernando Valley housing market is still hot, but there will be changes coming. The number of new sales are still high, dealing with a slight seasonal easing, but also limited by low inventory. The available inventory is edging up but still substantially lower than historical ... » Learn More about San Fernando Valley Housing Statistics October 2020
Mortgage Rates Still Great, But Two Elements Pushing Them Up
As can be seen in the chart of the 10 year note interest rates, the long-term yields of the interest curve have been trickling up over the past week. This is the part of the curve that has an effect on 30 year fixed mortgage rates. The secondary money market is looking at the economy picking up, and ... » Learn More about Mortgage Rates Still Great, But Two Elements Pushing Them Up
Mortgage Market Rate Indices August 10 2020
This chart reflects the historic moves of various mortgage programs. Jumbo rates fell 5 bps, while VA rates rose 5 bps on Friday. Conforming and FHA rates were little changed. Financial markets and interest rates are volatile and may change at any time without notice. This information is ... » Learn More about Mortgage Market Rate Indices August 10 2020
Mortgage Rates Staying Solid… and Low
As you can see in the chart of the 10-year note, the long term interest rates have stayed good since April. This is with the help of the Federal Reserve's Quantitative Easing, purchasing billions of dollars of mortgage-backed securities and long term US notes/bonds, supporting the financial markets, ... » Learn More about Mortgage Rates Staying Solid… and Low