by arnielevine | Jun 14, 2024 | Finance, Mortgage Rates, Real Estate news
Total mortgage application volume surged nearly 16% compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less)...
by arnielevine | May 20, 2024 | Finance, Orange County Real Estate, Real Estate news, Riverside Real Estate, San Diego Real Estate
The U.S. economy added about 175,000 jobs in April, lower than the expected number of around 233,000. While this is still considered a strong jobs report, wage growth eased – a sign that the rise in prices of everyday costs like groceries, rent, and gas might slow...
by arnielevine | May 15, 2024 | Finance, Real Estate news, refinancing
Today (May 15, 2024) was a great day for mortgage rates! In short, inflation influences mortgage rates. Thus, the higher the inflation, the higher the mortgage rates (and vice versa). Today’s Consumer Price Index (CPI) report showed that inflation trending...
by arnielevine | May 10, 2024 | Current Affairs, Investment real estate, Real Estate news
One of many insurance companies like State Farm, a major insurance provider, is making significant cuts to its property insurance coverage in California, affecting over 72,000 properties statewide, including more than 2,000 in San Diego County. In San Diego County,...
by arnielevine | May 10, 2024 | Current Affairs, Real Estate news
California REALTORS®place open letter in California newspapers to mitigate confusion about pending changes in industry business practices LOS ANGELES (May 1) – In light of the preliminary court approval of a settlement by real estate brokerages and the National...
by arnielevine | Mar 27, 2024 | Commercial Real Estate, Latest News, Real Estate news, Riverside foreclosure news, San Diego Foreclosure news, San Diego Investment Properties, San Diego Short Sales
Fannie Mae and Freddie Mac Complete 43,903 Foreclosure Prevention Actions in Q4 2023Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the fourth quarter of 2023, according to the Federal Housing Finance Agency’s (FHFA) fourth...
