Worried About Interest Rates? Just Be Glad It’s Not the 1980s
Rising interest rates are a real concern today, but a recent blog post on Freddie Mac’s website helps put the topic in perspective. The average interest rate on a 30-year, fixed-rate mortgage this week was 4.4 percent, up from 4.32 percent last week … Continue reading
California, Bay Area Economic Recovery Still Going Strong
As we reported earlier this week, Freddie Mac recently issued a sunny 2014 forecast for the U.S. housing market but noted that job growth will play a key role in the ongoing recovery. California’s February unemployment report bolsters Freddie Mac’s optimistic outlook here in … Continue reading
Mortgage Rates Will Top 5 Percent in 2014, Bankers Say
Look for mortgage rates to rise above 5 percent next year and average 5.5 percent by the end of 2015, according to the latest forecast from the Mortgage Bankers Association. Those rates are low when compared with historical levels – which averaged … Continue reading
The Federal Reserve Board Meeting
Important information from one of my trusted mortgage brokers, Jill Carothers at All California Mortgage: jill@thecarothersgroup.com, 415-686-0699. The Federal Reserve Board (the Fed) is holding the first of its eight scheduled meetings for the year, which takes place at approximate … Continue reading
