The July jobs report will be released tomorrow. Do you have a rate lock strategy in place or willing to miss an opportunity to lock in a crazy low mortgage rate? At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar. If [...]
Tag Archives | Inland Empire
What’s Ahead For California Mortgage Rates: July 25, 2011
Mortgage markets in California’s Inland Empire Region worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life. After many weeks, European leaders agreed on a financial package for Greece that featured favorable loan terms designed to slow Eurozone contagion, along with [...]
What’s Ahead For California Mortgage Rates: June 6, 2011
Mortgage rates in California improved early last week as a result of worries about Eurozone sovereign debt default and the U.S. employment report showed the economy’s rebound to be moving slower than originally anticipated. In Greece, the nation readied itself for its second bailout in two years. The bailout measures from last year have not [...]
Home Sales: Looks Like Another Seller’s Market this Summer. What Does it Mean for You?
The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month.
Inflation Rising: Will Mortgage Rates Go Up in California?
Inflation pressures are rising in the United States, especially California. The Consumer Price Index will come out Friday to support what we all know. How will it impact mortgage rates and home affordability in California? More commonly called “The Cost of Living Index”, CPI measures cost changes in the typical items bought by American households. Among [...]
Why Are California Mortgage Rates Rising?
Mortgage rates in California worsened for the 7th straight day Tuesday, equaling the longest losing streak of the last 5 years. Because of the rising rates, homeowners have lost roughly 10% of their purchasing power since November. Conventional, 30-year fixed mortgage rates are now scratching 5 percent, with FHA mortgage rates running roughly the same. This [...]
What’s Ahead For California Mortgage Rates: January 24, 2011
Mortgage markets worsened last week in a holiday-shortened trading week. For the second straight week, conforming and FHA mortgage rates increased.
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