Author: Regan Hagestad

What the Recent Rise in Morgate Rates Means

Even though mortgage rates have recently soared to the highest level in two years, rising at the fastest pace since 1987, the housing market won’t be derailed. The average 30-year fixed-rate mortgage is now somewhere in the 4.5% range, and some economists predict it could soar to 5% over the next year. Prospective home buyers may be concerned that they

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The Federal Reserve’s New Rates

With the Federal Reserves announcing that they will start to taper their bond buying policies the 10 year treasury note skyrocketed to a 4 year high. Rates for home loans have gone up almost 1% in just three weeks, the biggest advance since June 2009. The average cost of new 30-year, fixed-rate home loans climbed to 4.24 percent from 3.36

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Interest Rates and the Media

Online articles, even the ones on major news and business websites, aren’t a great source of the “real time” position of the South Bay real estate loan market. It takes time to write and publish an article, but the actual market is dynamic and changes hourly. From the time the data is recorded and written to the time it is

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