The current financial landscape is witnessing a surge in mortgage rates, with a standard 30-year fixed loan hitting 8%. This abrupt increase has left many homeowners and potential buyers wondering about the factors driving these changes and what the future holds for mortgage rates. In this blog ... » Learn More about Navigating the Rising Mortgage Rates: Understanding the Factors at Play
mortgage rates
Mortgage Rates Still Over 7%, the Fed, and Housing Affordability
The Standard 30 Year Fixed Rate Mortgage still hovers above 7%. With the Federal Reserve's ongoing debates about whether to maintain the 5.25% Fed Funds Rate or raise it another 0.25% at their upcoming meeting, prospective homebuyers and current homeowners are faced with some tough decisions. ... » Learn More about Mortgage Rates Still Over 7%, the Fed, and Housing Affordability
Expecting A Glut Of Foreclosures? Don’t Bet On It
In today's uncertain times, it's crucial to differentiate between speculation and reality when it comes to the housing market. Recently, one of my clients heard from a family member that they should wait for a flood of foreclosures to hit the market. However, let's take a closer look at the current ... » Learn More about Expecting A Glut Of Foreclosures? Don’t Bet On It
Mortgage Rates On A Roller Coaster
From the peak of the recent mortgage rates in October '22 at 7.375%, they then dropped to 6.0% when the Federal Reserve made their last .25% increase in the Fed Funds Rate. The perception of the mortgage bond market was the Fed was beating the inflation monster. But then Rates have been rising at a ... » Learn More about Mortgage Rates On A Roller Coaster
Down Payment and Closing Cost Assistance To Purchase a Home
Regardless of other financial vehicles, we all know owning real estate is the primary way to accumulate wealth and financial security. Especially with the high cost of rent, it’s hard for a first-time buyer to collect the funds to purchase. There are numerous (400+) programs from California or local ... » Learn More about Down Payment and Closing Cost Assistance To Purchase a Home