I’m almost still in shock that I am even writing this, but low and behold….Fixed Mortgage Rates are now back in the high 3’s. If anything most experts predicted the opposite, that mortgage rates would be in the high 4’s, like we saw last fall. The stock market is taking it Continue Reading →
With the 15 year fixed at an eye popping 2.65% today and the 10 year fixed at 2.50%, it is no wonder that more homeowners are opting for shorter terms to save money on interest and pay their homes down faster. While there are also many benefits to 30 year Continue Reading →
The Federal Reserve has released the minutes from its last FOMC meeting, a 1-day affair held March 13, 2012. Mortgage rates in CA are rising on the news. For the un-indoctrinated, 3 weeks after it meets, the Federal Open Market Committee, the sub-group within the Federal Reserve that votes on U.S. Continue Reading →
As the new year begins, there are no shortage of stories telling us what to expect in 2012. Housing finished 2011 with momentum and mortgage rates closed at the lowest rates of all time. Some expect those trends to continue through the first quarter and beyond. Others expect a rapid Continue Reading →
