The Big Question…Will They or Wont They? What will the Federal Reserve do or say at the conclusion of today’s big fed meeting? Were waiting on Pins and Needles! Its been almost 2 years where the Federal Reserve has aggressively increased rates to control inflation which is finally at 2.5% from 6.5% to 7% several years […]
We now know now due the recent report released by Fed Chairman Powell, the Federal Reserve intends to drop the Federal Fund rate which will lower commercial lending rates (ie: the prime rate) in September if the economy continues to slow. This will stimulate the economy by lowering the cost of commercial lending that businesses use […]
In the world of mortgages, timing is often seen as everything. Many homeowners are currently sitting on the sidelines, waiting for the Federal Reserve to lower interest rates before refinancing. But is this really the best strategy? Let’s explore why waiting for the Fed to act might mean missing out on significant benefits that refinancing […]
It’s been over 20 months since interest rates started climbing as the Federal Reserve did everything to control inflation. This resulted in one of the worst lending climates for residential and commercial lending and real estate in the the last 30 years aside from the 2008 recession. In January of 2023 we had over 200,000 […]
Back in March of this year, we provided a report that shows where housing inventory was on the Peninsula, South Bay and Santa Cruz area. This month we have updated this report for your review. As you may know housing inventory locally or abroad considers several factors that include: Interest rates…(See below for current rates)* Lending Guidelines […]
As we come upon July 4, Independence Day, we tend to forget what the meaning of this great day and what sacrifices have been made that allow for our great way of life. This day is deeply symbolic of American values that include freedom, democracy, and patriotism. Here is a closer look and something to […]
When choosing between an experienced loan officer who provides great service and competitive rates versus a lender with the lowest rates but lacking in service and experience, the decision hinges on several key factors: Purchase Loan For a purchase loan, the stakes are often higher due to deadlines and the complexity of the transaction. Here’s […]
Renting a home can often be more expensive than owning a home in the long term due to several financial benefits associated with home ownership especially if the home is sold after 10 years. Let’s break down the key factors to illustrate why this might be the case: Assumptions… Appreciation Schedule Assuming a 7% annual […]
Step 1 – Research and Preparation Understand the Process: Learn about the real estate market in your desired area. Educate yourself on the home buying process and the need for representation by a realtor and lender that work together so mistakes are not made ensuring your success with home ownership. Determine Your Purchase Power to […]
I recently finished a four-part series on the following topics, as it relates to Real Estate locally and abroad, helping you make better decisions in buying, selling or exploring the world of real estate. Click below for more info… Housing Inventory Interest Rates Recent Residential Regulatory Changes Recent Commercial and Construction Changes In addition, if […]
