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?
mortgage rates
Why Recent Underwriting Decisions on Mortgage Originations Are More Difficult
The mortgage underwriting landscape has become increasingly challenging, primarily due to the pervasive impact of buybacks and other market conditions. Underwriters (UWs) are now facing a myriad of pressures and obstacles that complicate their decision-making process. Here's a detailed look at why ... » Learn More about Why Recent Underwriting Decisions on Mortgage Originations Are More Difficult
San Fernando Valley Real Estate Market Update Mid-December 2023
The San Fernando Valley Los Angeles region’s housing market has remained solid. Presently we have the seasonal slowdown in play, but the recent drop in mortgage rates will no doubt stimulate activity. Affordability levels are low because of the higher rates and values. The lower rates will help ... » Learn More about San Fernando Valley Real Estate Market Update Mid-December 2023
Fed Goes to Neutral and Mortgage Rates Lowest Since May
The Federal Reserve left the Fed Funds Rate unchanged at 5.375% at their policy meeting today. Even though the Fed left the rate unchanged, they’ve basically admitted that they are now in a neutral position. They’ve been in a tightening stance for almost two years. The rates have hit their highs for ... » Learn More about Fed Goes to Neutral and Mortgage Rates Lowest Since May
Mortgage Rates Lowest In Two Months
Inflation based on the Producer Price Index (PPI), Consumer Price Index (CPI), and the Federal Reserve's favorite Personal Consumption Expenditures all show continued improvement. That in conjunction with the moderate Job Data, kept the the Federal Reserve to maintain the target range for the ... » Learn More about Mortgage Rates Lowest In Two Months