Happy Friday, Interesting week… Things seemed to be improving financially, but then the Dow reacted with news of new Corona outbreaks (down by 5% yesterday but up today by 1.43% as of this morning). Some good news, unemployment remains much lower here in the bay area compared to other places throughout the US and housing […]
A Very Interesting Week for Real Estate, Unemployment and the Dow Jones! This week, see why the economy is coming back strong. For more info, see https://youtu.be/7DaDcWhDUdg. Home Values Real Estate values continue to stay strong, with multiple offers as Shelter in Place has been modified. Just this week, we pre-approved over twice as many […]
Good Afternoon, I wanted to share with you a recent presentation I did, posted on You Tube, about the impact unemployment will have on local housing values compared to the rest of California with the big question in mind… Are we headed towards a Recession? Are we headed into a Real Estate Correction Feel free […]
Please See this Weeks Market Update that will Discuss the following: Last Weeks Market Review A Look Ahead – What to Expect How Zoom has changed the way we do business! (http://www.mmgweekly.com/w/index.html?SID=86df7dcfd896fcaf2674f757a2463eba) Next and Most Important…please see April’s unemployment numbers that were just released at 10am this morning. California’s unemployment rose from 2.9 in February […]
First and Foremost… I just read an interesting report on how lenders may eliminate cash out refinances on conforming and jumbo loans. We have seen the “add” for cash-out refinances get super expensive lately. It appears the Federal Reserve doesn’t want borrowers pulling equity out of their homes. They feel home values may go down […]
In the Bay Area, we have been in Shelter in Place for over 30 days. Unfortunately the flattening of the COVID 19 has not reduced the curve as much as officials have hoped. Meanwhile consumers are wondering when they will be able to go back to some normalcy in life. In terms of Real Estate… […]
A Stock Market Loss is Only a Loss if You Sell or so Financial Planners tell us! For those in their 30’s, 40’s or 50’s, those age groups, should have time for the stock market to recover. However, for those much closer to retirement or retired, they may not be as fortunate! As companies take […]
As for Mortgage Rates and the Stock Market…The dust has not settled. Analysts say this week or next may be similar to the last few weeks with volatility in the market. For now, only loans of $510k or less are low in rate. Loans above $510k are expensive, “rate wise” when looking at refi options. […]
With a significant decline in the stock market, Retirees may have depleted a great deal of their reserves. If over the age of 62 and a Home Owner, why not consider a Reverse Mortgage? This may free up cash, pay off bills, cover future expenditures and provide those reserves that make us all sleep better […]
As you know the Federal Reserve lowered rates, specifically the Fed Fund was lowered to 0. This means the bank lending rate has dropped, lowering rates at the street level at tad, but no-where near where they were weeks ago when rates were lower. Rates are still up because of the following… Lenders are slammed […]
