Month: November 2022

Feels Like Fed Easing

This isn't exactly new news - most prognosticators figured the Fed would only raise their rate by 0.5% in December, instead of the 3/4% hikes recently - but the stock market liked it (up 628) and the 10-year yield dropped a tenth.  All we need is mortgage rates to be...

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Rates Are Steady

Will the 30-yr jumbo rate stay in the 5s? Here's what MND says: Excitement, volatility, non-stop action... concepts that have absolutely nothing to do with mortgage rate movement over the course of the past two weeks.  In fact, since rates plummeted in response to the...

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Carmel Valley Deal

6065 African Holly trail, San Diego 92130 3 br + loft/2.5 ba, 2,408sf YB: 2006 HOA + MR = $543/mo. LP = $1,599,000 - Pending! Check out this attractively-priced Portico home with fully remodeled kitchen, LVP-hardwood floors, 3 bedrooms + loft and downstairs den,...

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Inventory Watch

After staying around 400 since the middle of September, the number of active listings finally plunged by 6% as the holiday season finally set in.  Yet, the number of pendings rose by 9%! There were also more new pendings than new listings this past week. The list...

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