Recently the interest rates are even higher than the 4.98% rate for a 30 year fixed mortgage, but the numbers conveyed in the graphic are a relative idea of where we are now with higher property values, and higher rates, hurting the affordability ratios and qualifying capabilities of many marginal ... » Learn More about Income to Loan Guide San Fernando Valley Homes April 2022
mortgage rates
Mortgage Rates Are Up – But Not Relative To History
Mortgage rates are up around 2% since the beginning of 2022. The word of the year is inflation. The Federal Reserve now admits that the “Transitory Inflation” they were expecting while keeping the rates artificially low to offset the Covid close down economic hit, is much stickier than expected. The ... » Learn More about Mortgage Rates Are Up – But Not Relative To History
Mortgage Rates – Not Where They’ve Been, But Where Are They Going?
The big news is the CPI (Consumer Price Index) is now at 7.5%. Most in 40 years. The Federal Reserve is behind the curve on normalizing interest rates from their end. They are still tapering their Quanitative Easing (purchasing Mortgage-Backed Securities and Bonds) artificially keeping long rates ... » Learn More about Mortgage Rates – Not Where They’ve Been, But Where Are They Going?
Mortgage Rates History Over Last 90 Days Based on Loan Program November 16 2021
Mortgage rates have been trickling higher since the Federal Reserve indicated that they'll be starting the tapering of their purchase of mortgage-backed securities and long duration notes this month by $15B a month. The chart showing the impact of the loan to value and credit score reflect higher ... » Learn More about Mortgage Rates History Over Last 90 Days Based on Loan Program November 16 2021
The Fed Preps Us For Rate Increases
After their September 22nd meeting, the Federal Reserve left the Fed Funds Rate at 0-.25%, and the quantity of Bond and Mortgage Securities purchases intact at $120B per month... But they signaled that they feel comfortable scaling back on their bond purchases by the end of the year. The bond and ... » Learn More about The Fed Preps Us For Rate Increases