New data was just released for November 2022 for Southwest Riverside County.  I’ve taken the time to go through this report in today’s video. It is a bit longer than my normal video, but for those of you in the Real Estate industry or who have a genuine interest in Real Estate, I think you’ll […]

Today I’m sharing details from a report that Fanny Mae released today: the Home Purchase Sentiment Index (HPSI). The report tries to gauge consumer sentiment about buying a house right now. It brings different factors together: They survey a bunch of current and potential homeowners to collect this information. Comparing 2011 to 2022 Today’s report […]

A few quick industry updates I want to share with you today. I watch the trends and headlines so I can share this information with my clients, and we can see how mortgages might be affected going forward. Conforming Loan Limits The FHFA is the organization that makes the announcements on new conforming loan limits. […]

On the day before Thanksgiving, there is no better time to count your blessings. In today’s video, a brief rundown of the things in my life that I’m thankful for… including the fact that mortgage rates have actually come down since the last time the FED raised the prime lending rate. Have a wonderful Thanksgiving […]

Is right now a better time than you think to purchase a home? You’ve heard me say this many times lately, but I’m going to share the reminder: right now, there are many headlines that make it seem like a bad time to buy. But it might not be accurate. Looking at Real Estate History […]

There is so much data coming in that has the potential to have a big impact on real estate. I want to run through some of these details and explain how it appears to be affecting the industry. Fed Day: Rates Went Up Last week was the 2-day Fed meeting. The market was ready for […]

Black Night issued the month-over-month foreclosure data. I’ve heard a lot of people talking about this topic: the wave of foreclosures that are going to be coming. The current reality and good news are that according to the numbers, foreclosures appear to be going down. Month-Over-Month Foreclosures: August to September From August data to September […]

Who in this crazy business needs a hug right now?! According to Freddie Mac, interest rates are over 7%. It feels like we’ve finally reached the spot where we are only dealing with people who really need to move. It’s a crazy time! Stay Engaged – Interest Rates Will Likely Come Down Again I still […]

Should you take cash out of your house? Does it make any sense right now? Cash-out refinances are generally a case-by-case basis. Recently, we helped someone who built a bunch of debt (revolving and other things). They had backed themselves into a corner and could see that they needed to make changes. What we were […]

Do you know that there is a connection between oil and the mortgage business? Most people would never make this association, which is why I wanted to talk about it. What Did OPEC Decide? OPEC (The Organization of the Petroleum Exporting Countries) basically oversees the multi-national price-fixing of our oil. They control the output of […]