Mortgage rates in the mid-3s in January should put some pep in the buyers' step. From MND: Regular readers know that we're fond of setting the weekly record straight in cases where day-to-day rate movements paint a drastically different picture than weekly surveys. ...
Taking a cash offer is a sexy option but no guarantee to get past the home inspection. The best buyers work with the best agents, and another variable worth considering when selecting the winner. Almost 27 percent of San Diego County home sales were in cash in the...
Those who still think we have a foreclosure event in our future are unfamiliar with how the rules have changed in California. There's never been a better time to be a deadbeat: The United States Department of the Treasury has approved California’s plan to provide $1...
A reader asked about this company, and but I didn't think they were operating in California yet. But they are - and it sounded like a great idea too. Their initial pitch was to charge 2% for providing the funds for buyers to make all-cash offers on homes. But they...
From Mortgage News Daily - thank you: Mortgage rates were surprisingly steady today as the bond market reacted to a new policy announcement from the Fed. Perhaps "reacted" is the wrong word considering the market's response. Specifically, the bond market (which...
Mike sent out a comparison of mortgage lenders and their quest to disrupt the real-estate-selling business. Here he shows how Rocket is the dominant mortgage lender in the country, and their press release describes their ambition - they think being the...
Hat tip to GW and AK who sent me an article by Fortune, that references this article: https://www.zillow.com/research/forbearance-exits-inventory-2021-29931/ An excerpt: With expiration of a broad federal foreclosure moratorium on July 31, hundreds of thousands of...
Yesterday, Derrick discussed the macro-economic forces that will affect real estate for years to come:
Another update on the forbearance exits. Nobody is going to get foreclosed in North San Diego County's coastal region, mostly because of the ample equity position every homeowner has in place - but those positions could cause them to sell. Won't the homeowners be...
After the TV show, Derrick and I were discussing the good old days when homes were cheap and everyone moved often. He is a mortgage originator, so I asked him how many adjustable loans he has done this year. His answer? None. Back in the day, adjustable-rate...
