102-4 represents where the Fannie Mae mortgage bond closed yesterday. While the vast majority of the general public (including me, until I really began studying the interest rate markets) has absolutely no idea the significance of this number, it represents a very important decision point for buying a home or deciding on whether now is…
▶ VideoIt’s Fed Day again, and they administered another 25 basis points of “medicine” to the economy. You’ve heard me talk about Barry Habib in the past. He gave the greatest analogy. He has been talking about how if you aren’t feeling well, then the doctor will give you medicine. 5 minutes later, if you’ve still…
▶ VideoIn today’s video, we are looking at a chart to take a closer look at what is happening with home prices. I’ve showed this chart before, and this time we are looking at a zoomed in part of it. This piece shows 20 years of housing price data. Real Estate Prices Have Been Coming Down…
▶ VideoReason 942 to own real estate: it’s insurable to the full value of the asset, unlike assets held in the bank which are insured up to $250,000 unless the Feds step in and back up everything else. (And I don’t say this lightly). Real Estate is a Hard Asset In all seriousness… real estate is…
▶ VideoWe recently rolled out a new product for high balance and jumbo loans – basically anything over the conventional limit. We are so excited about this option because the interest rates are great. Obviously, interest rates are driving everything right now. New Adjustable Rate Options These are full-doc jumbo products. But we are seeing adjustable…
▶ VideoToday I want to run through some numbers because they are worth pointing out. This data is based on a survey done last month by NerdWallet. The two headlines: Regarding the interest rates: the truth is that 7.75% is the average interest rates over the last 50 years. A lot of homebuyers have never seen…
▶ VideoIt’s starting to look like the market is moving as we have been predicting: inflation is showing signs of dropping off, and we hope that it will continue to bring rates down. We watched last year: as inflation ran, high interest rates went up. Now, we are seeing inflation coming down and interest rates are…
▶ VideoThere are so many people predicting what to expect in the real estate market for 2023. Of course, we are seeing these conversations, because it happens annually around this time of year. It’s interesting to see the varying opinions – people are all over the board about what is going on. The obvious question that…
▶ VideoWelcome to the first week of 2023! Happy New Year! At 11am PST, the Fed released their meeting minutes from last month’s meeting on December 12th. This always happens: they have the meeting, then the meeting minutes are released a few weeks later as the official record. As Expected: No Surprises No big surprises in…
▶ VideoCore Logic puts out a report every month about mortgage delinquencies, which is obviously an important statistic about the heath of the of real estate market overall. Mortgage Delinquencies are Trending Down The main headline shows 30 days past due or greater. On the chart, the green number is 2021 and the blue number shows…
▶ VideoNew 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…
▶ VideoToday 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…
