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
mortgage rates
Up Up and Away for Mortgage Rates
Two days in a row the long term interest rates have jumped up substantially, since Trump won the presidential election. I've said it numerous times... "Rates go up faster than they come down". This is a perfect example. If you look the chart of the 10 year note you can visually see how dramatic ... » Learn More about Up Up and Away for Mortgage Rates
Trump Wins – Rates Jump!
The financial markets didn't have a Trump presidential win built into the numbers. The dust hasn't settled yet, but the 10 year note and mortgage interest rates jumped hard this morning. After several mid-day rate hikes, some lenders have stopped locking loans, until the market settles ... » Learn More about Trump Wins – Rates Jump!
Mortgage Rates – Up Up and Away
Ever since the interest rates dropped in July because of the international paranoia about what the economy was going to do after Great Britain voted to leave the European Union (BREXIT), the interest rates have gone up substantially. 30 year mortgage rates most closely correlates with the ... » Learn More about Mortgage Rates – Up Up and Away
Fed Keeps Rates Alone – For Now – Good For HELOCs and Most ARMs
The Fed left rates unchanged at today's FOMC meeting. They said that the case for a rate increase has strengthened, but decided to wait for further evidence. There were 3 dissenters - Rosengren, Mester, and George, the most since December 2014. This could set up a hike in December. The Fed's Dots ... » Learn More about Fed Keeps Rates Alone – For Now – Good For HELOCs and Most ARMs