Inflation, Rising Rates and Low Housing Inventory…What to Do?

It’s been a while since I have sent out a market update simply since there wasn’t much to update you on other than what we have all seen covering Covid, Politics and most recently Inflation.

This report will cover the following topics:

  • Inflation and Rising Rates
  • Housing Inventory
  • Loan Options for Homeowners 
  • Student (Loan) Debt Consolidation

Inflation is the reason the Dow and Nasdaq are getting hit hard as interest rates climb.  In just one month we have seen a .5 increase in rates on the conforming and jumbo rates whether fixed or hybrid.  This coupled with low housing inventory everywhere in the US, is resulting in lower home sales that may cause the Dow and the Nasdaq to have even more corrections since housing inventory is scarce and sales of homes will be down and those services that rely on housing services will also be down.

In Santa Clara County alone, housing inventory is the lowest we have seen in a decade, at 328 listings currently on the local market per this report at which for a buyer is about the worst market they could possibly be in right now, but as a seller, its real tempting to unload but where to go?  Sell high and wait?  Sell high and rent?  What should we do?

For Seniors that Over 60 and Homeowners, with much of their assets tied up in equity, what housing options do they have?  Sell but Buy Where, Stay but How Can they Afford their lifestyle?  If Staying in Place, a Reverse Mortgage may be the Answer.  It allows them to pull cash out to remodel, invest, purchase a 2nd home or pay off excess debt all with no mortgage payment.  

To Learn more about this, please contact me or go to to learn more.

If you’re under 60 years of age, then you might want to recheck your interest rates.  If you have an owner-occupied loan of 3.5% or higher or have a lot of debt (credit cards, auto loans, student loans, private loans and HELOC’s), contact me and I will research your options and then let you know if refinancing makes sense for you.  In addition, you might want to pay off that Student Loan Debt as payments are coming due soon and lenders are (currently) not considering the pay-off of student loans, “cash out” that always comes with a higher rate.  

To Learn more, please go to  

Lastly, keep in mind, I provide the following:

  1. Residential Financing for Purchases and Refinances on 1 to 4 unit properties.
  2. Reverse Mortgage Financing to include Conforming, Jumbo, HELOC Jumbo’s.
  3. Commercial & SBA Financing to include Multifamily, Office, Retail and Light Industrial.
  4. Access to over 50 banks with over 200 “Five Star” Reviews on Yelp, Google, Facebook and Linkedin.

Hope you have a great week!

Best Regards,

Rob McCarthy

Senior Mortgage Advisor 

408-377-4123 o  650-465-8957 c   408-608-1921 f

101 Loan – 1601 S De Anza Blvd, Suite 260, Cupertino, CA 95014

CA DRE #01165697  NMLS #121019