The financial markets and mortgage rates have experienced significant volatility over the past year. A quick glance at the 30-Year Fixed Mortgage chart reveals a fluctuation of approximately 1.5%—with current rates sitting in the middle of this range. Recent Consumer Price Index (CPI) data indicates ... » Learn More about Mortgage Rate Update, Tariffs, Inflation, and Debt: The Key Factors Driving Mortgage Rates
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San Fernando Valley Real Estate Market End of 2024 Statistics
If you are in the Los Angeles area, and have any questions or real estate sales or financing needs, feel free to contact me Ron Henderson GRI, SRES, SFR, RECS, CIAS, CREN, GREENPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – Southland Regional Association of Realtors ... » Learn More about San Fernando Valley Real Estate Market End of 2024 Statistics
Mortgage Rate Update January 15 2025
Mortgage rates have officially hit the highest levels since May 2024. The recent low for the 30-year fixed mortgage was in September 2024, right when the Federal Reserve started to drop its overnight rate. This is a perfect example of the bond market “buying on the rumor (expectation for the Fed ... » Learn More about Mortgage Rate Update January 15 2025
Behind the Headlines: What October’s San Fernando Valley, Los Angeles Housing Market Really Tells Us
I’ve mentioned this before, but the real estate headlines you see on the news are often behind the curve. Take today’s news: “Existing-home sales picked up in October, rising 3.4% for the month to a pace of 3.96 million. They also notched the first year-over-year gain (+2.9%) since July 2021. ... » Learn More about Behind the Headlines: What October’s San Fernando Valley, Los Angeles Housing Market Really Tells Us
From Peaks to Dips: Understanding the Mortgage Rate Rollercoaster of 2023-2024
Mortgage rates reached their highest levels in the intermediate cycle at around 8% in October 2023. Over the following year, they gradually declined, hitting a low of 6% by October 2024. This drop coincided with the Federal Reserve's first rate cut of the year, a widely anticipated move that had ... » Learn More about From Peaks to Dips: Understanding the Mortgage Rate Rollercoaster of 2023-2024