Excerpts here from an article yesterday about the Fed's involvement. The rapid run-up in home prices is brutal on home buyers, but for home sellers, realtors, and the overall economy, it is great news. Expect that the Fed will be very accommodative for longer than it...
Rates keep hitting all-time lows! It reminds me of Prop 19. It would be nice to get the lowest rate in history and/or take the old property taxes, but there are additional variables to moving that complicate it. Not many can just get up and move today!...
Rates have come back down a bit, so if buyers can just find a house to buy! We're sold out - all current listings are pending. I also had buyers yesterday who offered the high end of the variable-price range on a new listing and we got smoked by a higher bid that was...
We kind of assumed they would have to keep rates low, but now it's official: The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy....
Today we should see another all-time-low record in mortgage rates! What is the impact? Here's how it pencils: If we just go back to the 52-week high of 4.75%, you could borrow $808,000 and pay $4,215/mo. If you shopped around to get a 3.0% jumbo rate today, you'd pay...
From MND: Mortgage rates were unchanged today for the average lender. That means they remain at all-time lows that are even lower than the all-time lows seen during the previous 3 business days. Even so, today's underlying market movement might be a bit of a wake-up...
The record-low rates probably haven't helped the higher-end areas as much because the 30yr jumbo rate is higher - though you can pay to get into the mid-3s. An excerpt from MND: How much of the strength in the housing market is due to mortgage rates holding near...
A new mortgage-rate record, and with low inventory, this could be the best time ever to sell your house! Get Good Help!
Another good time to lock your rate. From MND: Mortgage rates moved lower again today, with the average lender erasing a good amount of the weakness seen last week. That's good news considering rates hit all-time lows on the afternoon of June 1st (last Monday). ...
Just like the price of gasoline, mortgage rates are very slow to come down, but they tend go up like a rocket - and with the surprising employment news today, we'll probably get back into the mid-3s by Monday. We'll see if the lowest rates in history were the sole...
