In This Issue Last Week in Review: The Jobs Report for April is in, but what did the news reveal about our economy? Forecast for the Week: A quiet week is ahead, but an important inflation report will be released. View: If you’ve ever forgotten the name of an important colleague or client, have no [...]
Bernanke also noted that inflation is higher in the short-run due to higher energy costs, but that the Fed expects prices to moderate and remain in check longer-term. Remember, inflation hurts the value of fixed investments like Bonds (including Mortgage Bonds, to which home loan rates are tied)…so inflation staying in check is crucial when it comes to home loan rates remaining near record best levels.
Weichman Realtors and Mesa Verde Center present Free Shred Day! Mark your Calendars! Kurt Galitski and Weichman Realtors have teamed up again with Mesa Verde Center for the 3nd Annual Free Shred Day! Mark your calendars for April 21st, 2012 between 9am and 11am! Weichman Associates Realtors is a full service real estate agency located in [...]
In This Issue Last Week in Review: Inflation news was released…and home loan rates responded. Forecast for the Week: Earnings season continues, plus look for reports on retail sales, manufacturing, housing and more. View: Have you ever needed to read an important text for work while you were driving? Now there’s an app for that. [...]
In This Issue Last Week in Review:It was a volatile week, from news both here at home and overseas. But how did home loan rates fare?Forecast for the Week: The Job Market will be front and center this week, with several important employment reports ahead. View: If you still have to file your taxes, [...]
For the week of Mar 19, 2012 In This Issue Last Week in Review:It was a tough week for Bonds and home loan rates. Find out why.Forecast for the Week: Housing data dominates the headlines, with news on Existing and New Home Sales, Housing Starts, and Building Permits. View: If you ever need to rent [...]
Here is the latest edition of the Market Trends for Costa Mesa and South Coast Metro. In it you will find information on: Average Listing Price One way to understand where the market is heading is by examining whether home sellers are increasing what they want for their home. Click here for more Average Price [...]
Getting prequalified for a home loan is an essential first step in the buying process. Find out exactly how much home you can afford based on your income, debt, and other factors. It can also help you lock in a good interest rate and it puts you in a stronger bargaining position with the seller once you find the home you want.
Here’s what’s happening and what it means to home loan rates:
What is happening and why? To put it bluntly, the passage of the payroll tax cut extension is being funded via a mandate to Fannie Mae and Freddie Mac (the nation’s largest providers of mortgage money) to increase their guarantee fees or “g-fee’s” by at least 10 basis points on the rate. So rather than giving a par rate of 4.00%, for example, the par rate is now increased by at least 10 basis points, or approximately 4.10%. But as you probably know…home loan rates are priced and offered in .125% increments, so this will most likely impact the consumer by .125% in rate. Whether you agree or not on the politics behind this cost being passed along to folks who are taking out mortgages, the Congressional Budget Office recently estimated that the increase will ultimately pay for about $35.7 Billion of the cost of the payroll tax extension.
In This Issue Last Week in Review:Consumers are feeling good, but how good was last week’s news?Forecast for the Week:It’s a holiday shortened week, but the economic calendar is full. News on manufacturing, inflation, and housing is ahead.View: Wondering what the housing trends for 2012 will be? Check out 11 trends we saw in 2011. [...]
