Daily Rate Update: October 15th-19th

Friday – October 19, 2018 The National Association of REALTORS® reports that Existing Home Sales declined 3.4% in September from August to an annual rate of 5.15 million units versus the 5.30 million expected. All four major regions of the … Read More

Daily Rate Update: October 9th-12th

Friday – October 12, 2018 Foreclosure activity continues to edge lower across the U.S. due in part to a strengthening economy and a strong labor market. ATTOM Data Solutions reported this week that foreclosure filings in the third quarter of … Read More

Daily Rate Update: October 1st-5th

Friday – October 5, 2018 And the survey says … 134,000 new jobs created in September, below the 184,000 expected. However, the Labor Department said, “Hurricane Florence affected parts of the East Coast during the September reference periods for the … Read More

Daily Rate Update: September 24th-28th

Friday – September 28, 2018 Inflation remained contained in August and comes after Fed Chair Powell said this week that he doesn’t see any upside surprises to inflation. The Bureau of Economic Analysis reported this morning that Core Personal Consumption … Read More

The Fed Rate Hike and Our Future

Fed Raises Rates Again Dear Clients: As expected the Feds raised short-term rates again today, for the third time this year. Based on their most recent statement, the markets expect one more Fed rate rise of .25% in December, when … Read More

It’s Just The Facts: September 2018

Housing News You Need To Know: Softening market – 20% of the single-family homes for sale in San Diego dropped their asking price in June 2018, the highest percentage to do so in any major US city. 14% of the … Read More

Daily Rate Update: September 17th-21st

Friday – September 21, 2018 Despite the strong job market here in the U.S., banking and lending giant Wells Fargo plans on cutting up to 26,500 jobs, or 10% of its workforce, over the next three years. The bank said … Read More

Mortgage Rates Continue To Climb

Mortgage Rates Continue To Climb Dear Clients, Over the last year, fixed rate mortgages have increased on average .82% (a little over three quarters of a percent). Will that slow “trickle up” continue or taper off? As long as the … Read More

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