Mortgage Rate Recap and Outlook For Week Ending April 20, 2018

Mortgage-backed securities have languished in the same trading ‘rut’ for the last ten weeks. What’s important about that is the top of the ‘rut,’ and the bottom of that ‘rut,’ and here’s why. As the markets react to the release of economic indicators, national, and global news, bonds, and mortgage-backed securities have been rising and […]

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A Mortgage Pre-Approval Approves You For Only One Number and That is NOT the Purchase Price

You’re finally ready to become a homeowner, and you want to do everything right in the process. According to your research, realtor, family, and friends – the first step is getting pre-approved by a mortgage lender. The problem is, no one can explain what exactly ‘pre-approved’ means. You’ll find some of the answers in these […]

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My Offer for a Home Purchase Is Accepted! Now What?

You finally get the call from your Realtor and hear the words “They accepted your offer!” It’s been a long, hard road to find a home you love, and harder still for a seller to agree to let YOU be their buyer. Now you’ve crossed this hurdle, but you’re not sure what happens next. Does […]

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Mortgage Rate Recap and Outlook For Week Ending April 6, 2018

The markets continue to be impacted primarily by trade war fears, as China fires back this week with a list of trade tariffs against US goods after the US announced new tariffs on Tuesday. Both countries have not immediately implemented the tariffs, setting the stage for talks that will likely produce new formal trade agreements. […]

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California Median Home Price by County

The median home price in California has reached its highest level since 2007, coming in at $522,440 for February 2018 (data compiled by the California Association of Realtors – CAR.) That’s an 8.8% increase, year to year, from February 2017, when the median home price in the state was $480,270. The peak of the market […]

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Mortgage Rate Recap and Outlook For Week Ending March 29, 2018

The markets will close ahead of the long weekend at 2 pm EST on March 29th, and traders began ‘parking” money in the bond market late Wednesday, the 28th. That means the market will react to the economic data released this week until Monday, April 2nd. We’ll see traders moving money out of bonds and […]

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Calculating Your Profit When Selling Your Rental Property

If your rental property investment goal is to reap a big profit when you sell, then understanding your potential taxes upfront is critical. Just knowing you’ll pay a tax on any gain you earn and the general tax rate is not enough preparation. You need to look at capital gains, depreciation recapture, net investment income […]

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Mortgage Rate Recap and Outlook For Week Ending March 23, 2018

This week’s news focused on the Federal Reserve Bank’s Open Market Committee meeting on March 21st, with minimal speculation about the outcome of the meeting — an increase in the Federal Funds overnight rate.  There was a surprisingly mild reaction in the bond and stock market after the Fed hiked the rate from 1.5 to […]

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Understand Capital Gains When Selling Your Home

Understanding how capital gains tax affects your profit when you sell your home can be challenging.  According to IRS guidelines, it depends on time and money, and it’s not that simple. Capital gains tax is a fee you pay when you sell your home for more than you paid for it. But when you sell, […]

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Mortgage Rate Recap and Outlook For Week Ending March 16, 2018

This week’s news has had little impact on mortgage rates.  Trade war concerns shifted from steel and aluminum tariffs to China’s history of piracy issues in technology and intellectual property. The majority of the media commentary is around the appointment of Larry Kudlow as White House economic advisor. Kudlow has a pro-growth, anti-tariff, pro-tax-cuts stance, […]

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