Mortgage Rate Recap and Outlook For Week Ending September 21, 2018

Mortgage rates have increased for the last three weeks, and there’s a strong likelihood that they will continue on that path for the foreseeable future, and definitely for the next week. Earlier in the week, there was a sell-off in the market which was justifiable – so no correction is expected. The Fannie Mae 4% […]

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Is the Real Estate Market Changing in the Bay Area?

Only time will tell if the summers’ slowing sales in California are a momentary pause or a sign of a permanent change in the market. According to the latest data provided by CoreLogic, home sales barely increased for July 2018 above July 2017, following two months of lower home sales. The slowing volume of sales […]

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Mortgage Rate Recap and Outlook for Week of September 14, 2018

The last three weeks delivered increasing mortgage rates and the coming week is shaping up to be a repeat. What’s behind this negative break from the summer doldrums rates have languished in is a steady sign that inflation is substantially above the Feds target of 2%. The latest CPI 4-week average came in barely below […]

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Do Higher Mortgage Rates Mean ARM Loans Are Now Better?

Are rising mortgage rates and housing prices bringing back the Adjustable Rate Mortgage (ARM) loan? Well, they never completely went away, but they’re making a comeback. Sort of. Before the mortgage melt-down, at the peak of the market in June 2005, ARM loans accounted for 77%  of all loans made in the US according to […]

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California Home Buying Affordability Index Drops to a 10-Year Low

Are California homebuyers getting squeezed out of the state? In early August, the California Association of Realtors (CAR) released its’ housing affordability index for the second quarter of 2018. The major takeaway offered by CAR in the report is that the combination of increasing housing prices and rising mortgage rates have reduced the home buying […]

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Mortgage Rate Recap and Outlook For Week Ending August 31st, 2018

The Federal Reserve uses PCE Index, Personal Consumption Expenditures, as their preferred measure of inflation, and it’s now hit a 6-year high at 2.3%. The impact of an uber strong GDP (4.2%), combined with the 2.3% PCE Index, should be causing a sell-off in Mortgage Backed Securities (MBS) – but that’s not happening right now. […]

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The Best Things to Do Now to Get Your Finances Mortgage Ready

Somethings in life take a little preparation. Like going on a first date, decorating for the holidays, and applying for a mortgage. Imagine the outcome if you did zero prep work for the first two occasions? So why do so many people miss the obvious fact that applying for a mortgage has its own set […]

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Mortgage Rate Recap and Outlook For Week Ending August 24th, 2018

If you read the economic “tea leaves,” interest rates should be much higher right now than they are given the combination of a booming US economy, the Feds back to raising rates, and inflation solidly above 2.0%. What’s holding them steady? Uncertainty in the markets keeps money invested in the bond market – seen as […]

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Mortgage Rate Recap and Outlook For Week Ending August 17th, 2018

Without any market-moving economic reports, mortgage-backed securities continue to perform as they have for weeks, with no change in sight. The job market remains strong, with unemployment at historically low levels – as in 48 year low. The only event on the global front that has had an impact on the markets is the collapse […]

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When Should You Lock in Your Mortgage Interest Rate?

One of the first decisions home buyers are faced with during the mortgage process is knowing when it’s the right time to lock in an interest rate. The easy answer is when the rates are at their lowest – but when will that be? Or did you already miss it? Trying to answer this question […]

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