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 Professionals (2017-2018) Chairman – ... » Learn More about California Real Estate Market at a Glance
mortgage rates
FHA Makes it Easier to Get Loans on Condos – Including Reverse Mortgages
It’s been bantered around for years, finally the Federal Housing Administration announced long awaited changes to the guidelines to approving condominiums for FHA loans. This will help in several areas. FHA loans allow for low down payments, and easier borrower qualifying guidelines than ... » Learn More about FHA Makes it Easier to Get Loans on Condos – Including Reverse Mortgages
Mortgage Rates Down to 2016 Levels, First It Was The Federal Reserve, Then It Was New Tariffs. What a 48 hours!
The interest rates had a very crazy 48 hours. It came in two phases. Phase one - The Federal Reserve on Wednesday did what was totally expected for months. They dropped the Fed Rate .25%. The first reduction in 10 years. Fed Chairman Powell indicated that it was a mid-cycle adjustment. The ... » Learn More about Mortgage Rates Down to 2016 Levels, First It Was The Federal Reserve, Then It Was New Tariffs. What a 48 hours!
Federal Reserve Goes Dovish, Fed Rate to Stay Neutral Through 2019, Mortgage Rates drop
The Federal Reserve went dovish today with their announcement after the FOMC March meeting, conveying employment and economic conditions are historically solid, but slowing. The highlights: No Fed Funds rate increases through 2019-2020. We’ll see, as they were predicting 3 or 4 increases ... » Learn More about Federal Reserve Goes Dovish, Fed Rate to Stay Neutral Through 2019, Mortgage Rates drop
Federal Reserve’s New Keyword is Patience – No More Hikes for a While
The Federal Reserve has reversed their previously conveyed interest rate plan. Fed Chair Jay Powell indicated there are too many crosscurrents , and the appropriate policy will be to stay pat on the present Fed Funds Rate of 2.25-2.5% for a undetermined period. Only 6 weeks ago the perceived Fed ... » Learn More about Federal Reserve’s New Keyword is Patience – No More Hikes for a While