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Mortgage Rates Inch Down But Remain Above 6.5% As inflation decelerates, the potential for lower mortgage rates is becoming a greater possibility.

And the 'Hits Just Keep on Coming".

Yun: Latest Fed hike 'unnecessary and harmful' The Federal Reserve voted Wednesday to raise its benchmark interest rate for the tenth time in a year, putting too much pressure on small regional banks, says NAR's chief economist.

CA is insane.

High-value home sales could be taxed more in Los Angeles A measure that would impose higher taxes on property sales worth more than $5 million will go to a public vote in Los Angeles in November. If passed, proceeds would go toward programs to prevent homelessness and build affordable housing.

UP, UP and AWAY!!!!

Mortgage Rates Rise for Seventh Straight Week “While springtime is typically the busiest homebuying season, the upswing in rates has caused some volatility in demand,” says Freddie Mac’s chief economist.

Rates Drop Amid Russia-Ukraine Conflict “The cascading impacts of the war in Ukraine have created market uncertainty,” says Freddie Mac’s chief economist.

Up Up and Away........

Mortgage Rates Surge for Third Consecutive Week The 30-year fixed-rate mortgage is up 45 basis points in less than a month.

Look out, Here it comes!!!!

Mortgage Rates Post Big Jump This Week The 30-year fixed-rate mortgage increased by nearly a quarter of a percent compared to last week alone.

Better take advantage now! Rates will go up after the firs of the year.

Holiday Gift for Home Buyers: Big Drop in Mortgage Rates Market volatility caused by the COVID-19 omicron variant is driving rates down, according to Freddie Mac.

Mortgage Rates Dip Back Below 3% Home buyers and refinancing homeowners get another chance at locking in ultra-low rates.

2 bed 1bath Townhouse
For Rent $2,150
Marina Village (Port Hueneme)

Fears Over Delta Variant Drive Mortgage Rates Down The 30-year loan averaged 2.78% this week as economic uncertainty rises and home prices hit a new all-time high.

C.A.R. Legislative Update An update on the status of housing-related legislative bills and C.A.R.'s position

FHFA Tosses Extra Refinance Fee for Fannie, Freddie Loans Government regulators hope the move will prompt more homeowners to take advantage of low borrowing costs.

Mortgage Rates Remain Under 3% Low borrowing costs continue to help buyers with affordability, especially as the median home price surges to a new record high of $350,300.

Eventually, this can possibly go nation wide

Oregon Bans Buyer Love Letters NAR reminds members of the dilemmas such letters pose as the practice, commonly used to win bidding wars, comes under more intense scrutiny.

Ginnie Mae unveils 40-year mortgage term for issuers - HousingWire Ginnie Mae is set to introduce a new 40-year mortgage term for its issuers on the heels of administrative shake ups at the top of the housing industry. Ginnie Mae is set to introduce a new 40-year mortgage term for its issuers on the heels of administrative shake ups at the top of the housing indust...

http://email.nar.realtor/c/117KctRR6d3ojd8oz0xBdGgiHj

Mortgage Rates Spend Another Week Below 3% Many potential home buyers are still hoping to take advantage of low rates, but competition remains strong.

CFPB Seeks Foreclosure Delay The consumer watchdog agency estimates that 1.7 million borrowers could be at risk of foreclosure by fall without government action.