The Federal Reserve increased the fed funds rate from 0-.25% to .25-.50%. Almost immediately major banks increased their Prime Rate to 3.5%. That will have an immediate affect on many credit card rates and home equity lines. As I conveyed in my previous blog in September Fed Rate and Affect on ... » Learn More about Fed Increases Rates 1/4% ! Now What?
mortgage rates
Mortgage Rates Jumped Today
Interest rates have been very volatile over the past couple months. Today we had multiple mortgage rate increases. If you look at the attached 10 year note chart you can see how rates jumped approx 40 basis points from the middle of October to early November. They were slowly coming down over the ... » Learn More about Mortgage Rates Jumped Today
Think Twice About Using a HERO Energy – Water Conservation Financing Program
HERO (Home Energy Renovation Opportunity) is a PACE (Property Assessed Clean Energy) program that allows homeowners to finance energy-efficient and water-saving home upgrades, with payments made through their property tax bill. The government is aggressively marketing this program to homeowners, and ... » Learn More about Think Twice About Using a HERO Energy – Water Conservation Financing Program
Mortgage Interest Rate Update November 6, 2015
https://youtu.be/4AT-K2VVybM Ron Henderson President/Broker of Multi Real Estate Services and a Gov't Affairs Chair for California Association of Mortgage Professionals evaluates the present mortgage interest rate environment as of November 6, 2015 If you are in the Los Angeles area, have any ... » Learn More about Mortgage Interest Rate Update November 6, 2015
Fed Rate and Affect on Mortgage Rates – May Not Be What You Expect (Video)
There’s been a lot of discussion about when the Federal Reserve will increase their rates, and the effect on mortgage rates. The correlation may not be what you think. The Fed mainly implements monetary policy largely by adjusting two rates. The “federal funds rate”. This is the interest rate that ... » Learn More about Fed Rate and Affect on Mortgage Rates – May Not Be What You Expect (Video)