If a picture tells 1000 words, let's check out four charts of the San Fernando Valley housing statistics for August. The actual numbers don't matter as much as the change of direction of the activity. In a nutshell, new listings and inventory dropped after the last few months of active and new ... » Learn More about San Fernando Valley Housing Market Has A Good Month August 2022
mortgage rates
Fed Speak Pushing Mortgage Rates Higher
Per the Federal Reserve Chair Jerome Powell a week ago in his speech at the Jackson Hole Economic Forum “The Fed will push rates higher, and for longer. Will not reverse too early” and “Some pain will have to be endured”. Key takeaways: Mortgage rates dropped from their highs mid-June ... » Learn More about Fed Speak Pushing Mortgage Rates Higher
California Real Estate Market at a Glance July 2023
California's real estate market continues to normalize. The year-over-year numbers are skewed as over the last 12 month period, the first 6 months were still a super hot market with artificially low 3% mortgage rates and no inventory... the past 6 months the Federal Reserve is taking away the ... » Learn More about California Real Estate Market at a Glance July 2023
Mortgage Rates Moves Every Time An Economic Report Is Released
There has been a slew of economic reports released lately that give the Federal Reserve, and financial markets differing stories on where interest rates should go. The Federal Reserve has two primary goals dictated by its charter. Maintain maximum employment and stability of the financial ... » Learn More about Mortgage Rates Moves Every Time An Economic Report Is Released
The Spread Between the 10 Year Treasury and 30 Year Mortgage Rates Expand, and What it Means
I generally tell potential borrowers that if they follow the 10 Year US Treasury note rate, it generally is a good indication of the direction of 30 year fixed mortgage rates. It still is a good indicator, but other elements are currently having an effect skewing their correlation. Two ... » Learn More about The Spread Between the 10 Year Treasury and 30 Year Mortgage Rates Expand, and What it Means