Daily Rate Update: January 13th-17th

yelp.com/…/residential-first-capital-newport-beach Friday – January 17, 2020 The Census Bureau reports that December Housing Starts surged 17% from November to an annual rate of 1.608M units,the highest since December 2006, versus 1.380M expected as the sector continues to build momentum. It … Read More

It’s Just The Facts: December 2019

SOME DO IT ON THEIR OWN – 61% of 1,000 workers surveyed in January 2019 are working with a financial advisor(s) or expect to work with an advisor(s) as they prepare for their eventual retirement (source: Employee Benefit Research Institute). … Read More

Daily Rate Update: January 6th-10th

Friday – January 10, 2020 And the survey says … 145,000 jobs were created in December, lower than the 160K expected and down from 256,000 in November. Adding to the slight miss were downward revisions to October and November removing … Read More

War and the Housing Market

What would a war between the United States and Iran mean for mortgage rates? Recently, there has been a lot of ongoing tensions in the Middle East. These tensions are pushing the stock futures lower and mortgage rates are also … Read More

Daily Rate Update: December 16th-20th

Friday – December 20, 2019 The U.S. economy continued to generate growth in the final reading on Gross Domestic Product (GDP) for 2019. Final Q3 GDP remained unchanged at a solid 2.1%. Within the numbers, it showed that consumer spending, … Read More

Fed Signals Longer Pause on Rates

The Wall Street Journal wrote, “The Federal Reserve held interest rates steady and signaled no appetite to raise them soon. After lowering rates at their three previous meetings to guard the US economy from the effects of trade tensions and … Read More

Daily Rate Update: December 9th-13th

Friday – December 13, 2019 Home equity increased which is providing a source of wealth for homeowners in the U.S., CoreLogic reports. Borrower equity increased by $457 billion in the third quarter of 2019 compared with the third quarter of … Read More

It’s Just The Facts: November 2019

OWNERS AND RENTERS – The 111.2 million households that existed in the United States on 9/30/09 were split 68/32 between 75.2 million owners and 36.0 million renters. The 122.7 million households in the United States on 9/30/19 were split 65/35 … Read More

Daily Rate Update: December 2nd-6th

Friday – December 6, 2019 And the survey says … 266,000 new jobs created in November, crushing expectations of 182,000 as the strong labor market marches on. September and October payroll growth were revised higher by a total of 41,000 … Read More

New Conforming Loan Limits

The Federal Housing Finance Agency announced that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000. In most of the United States, the 2020 maximum conforming loan limit will be raised to … Read More

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