I recently saw an article about mortgage rates and how they are currently “see-saw”ing back and forth, up and down. The article was well-written, but it points out that the market is real-time, while the media is not. The article discusses recent rate drops, but at only a week or so old it is already long-outdated and useless to you
Home Prices Are At An All-Time High According to the latest quarterly report by the National Association of Realtors, despite rising home values and higher mortgage rates, buyers are still in a pretty good position to afford a home. In the South Bay real estate market in neighborhoods like Manhattan Beach, Redondo Beach, and Hermosa Beach, the median existing single-family
Usually, people think that because they have lots of assets, a high credit score, and a good income means that they will automatically be approved for a loan. Those people are not always correct, however. In some cases, even wealthy people are having a problem getting loans these days for all kind of reasons. Usually getting a mortgage on a
“Thank you Regan for the most expedient, accurate, and pleasant mortgage refinance I have ever experienced.” I’m honored to have such amazing testimonials from so many great clients. Why not click on my testimonials page and read more? It’s newly updated with my most recent client experiences and I’m very proud of being able to serve such great people so
We seem to be hearing more and more about how our economy is getting stronger; that we’re recovering from the recession. But is it true, or is it only that the numbers are starting to look better? For instance, in June 2013, The Wall Street Journal reported that according to the US government’s Household Survey, overall, jobs increased by 753,000.
Surprisingly enough, the person that handles your loan transaction is more important than the actual lender that you work with. Even within the same company, clients can have a much different experiences based on the actual people who handle the transactions. In this volatile mortgage loan market, your point of contact will be the one locking the rate, advising on
I read an article today that I wanted to share with everyone. To preface the article home loan rates are typically about 1.5% to 2.5% higher than the 10 year treasury note. Many home buyers have either decided to hold off for rates to come back down, or they have been unwilling to lower their price range. If the actual
What is the difference between a Bank, Mortgage Broker and a Mortgage Banker? A General Banker works at a bank, which typically offers services such as home loans, student loans, car loans, checking and savings accounts, as well as other types of investments. Because of the retail space and overhead, the price you will pay for a mortgage through a
Is now a good time to buy a new property in Manhattan Beach, Redondo Beach, Hermosa Beach, or other areas of the South Bay? Or are rising mortgage interest rates good reasons to hold off on that purchase for now? The answer to this question is that now is still a good time to buy! Mortgage rates may be up,
On Friday, July 5th, mortgage markets reached another multi-year high for 30-year-fixed mortgages. This recent series of dramatic rises in mortgage rates will affect the market in numerous ways. Of course, mortgage applications will decline and refinancing is slowing down as rates rise, but the affordability of homes is also very different when interest rates go up even one full
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