It was highly anticipated that on Fed Day this week that rates would be raised by half a percent. One thing I want to point out with this Fed announcement is something that I’ve shared in the past: when the Fed raises rates, mortgage rates don’t correlate. They are two different things. Good Trends in […]
One Great Aspect of CA Prop 19
Proposition 19 has a few aspects that people have forgotten, which is why I wanted to mention it again in today’s video. There are some awful things in Prop 19 that were snuck through. But there are a few great things about Prop 19 that opened up more options for older homeowners. How CA Prop […]
Housing is Still Looking Strong
This morning, important monthly housing data came out. The numbers show that the market is continuing to stay strong. There are some possible hurdles ahead, but things are still looking good currently. Annual Home Sales 5.77 million annualized units (which is strong to pre-COVID) for existing homes sold. One of the other numbers that really […]
Hard Money Loans for Owner Occupied Properties
This week, we rolled out a product that I thought we’d never see. At Franklin Loan Center, we’re pretty good with hard money loans for people who need loans where income or employment doesn’t matter. But these types of loans are only for investment properties due to the compliance issues for owner-occupied loans – which […]
Are You Having a Difficult Time Getting Financing for a Property… We Can Probably Help
A topic that has been coming up as a byproduct of the current market: financing unique properties. I wanted to talk about this a little bit today to let you know that there are options available. Any Property Can Sell Right Now Right now, any property is worth listing for sale, because you will find […]
’m No Professor, But I Think This Might Be a Bad Idea…
This week I’m talking about a topic that isn’t necessarily real estate related, but it definitely has a tie-in: inflation. Here in California, we are hearing a lot about our state government working on a $400 giveaway for everybody because gas prices are high. How Inflation Affects Real Estate So, how does this tie into […]
Where Can I Find Relief from Rising Interest Rates?
Rates are continuing to run up – it’s been another rough week when it comes to interest rates. People are asking: where can I get some relief? There’s a surprising answer to this question… but it isn’t for everyone. Jumbo Loan Rates vs. Conventional Loans We are seeing better rates on jumbo loans, particularly for […]
The Fed Increased Rates By .25%. The Market is Skeptical
The Fed meets on Wednesday every six weeks, and this week they decided to increase the Fed Funds Rate by .25%. I’ve talked about this topic before, but it’s a good chance to review: does this rate change have any impact on mortgage rates? No, it’s not linked directly. Why the Fed is Increasing Rates […]
Uncertainty is the Name of the Game
The main topic of today: the uncertainty of what is happening with the economy and everything that is happening right now. The combination of COVID plus the news that is coming out of Ukraine is adding even more uncertainty to our situation. Oil Sanctions and Inflation Pressures Interestingly, many of the things that are happening, […]
Uncertainty is the Name of the Game
The main topic of today: the uncertainty of what is happening with the economy and everything that is happening right now. The combination of COVID plus the news that is coming out of Ukraine is adding even more uncertainty to our situation. Oil Sanctions and Inflation Pressures Interestingly, many of the things that are happening, […]