Market Update
Rates continue to drift higher as its been all sellers in the bond market to start the holiday-shortened week. The yield on the US 10yr note is up to 4.26% while the current coupon UMBS contract is down about 14 tics on the day. Unfortunately, not a lot of data on...
Have mortgage rates hit their peak?
Have we seen peak mortgage rates? Mortgage rates have trended upwards over the past few weeks, but have they hit their peak? CBS News spoke with several industry experts and they had a lot to say about the direction of the mortgage market. Glenn Brunker, president of...
How much equity does the average American homeowner have right now?
How much equity do American homeowners have in their home? According to recent data from MarketWatch, the average American homeowner has nearly $200,000 in home equity. As of June 2023, homeowners in the U.S. have $10.5 trillion in home equity, the fourth highest...
Which housing markets could be the most stable in 2023?
Which housing markets offer the most stability for the rest of the year? Predicting housing markets can be a challenge, even for experts. A recent report from the National Association of Realtors was developed to offer a prediction for stable housing growth was...
Rate News
What does the latest prediction for the housing market in 2023 say? We still have over five months left in 2023. What are the experts saying the housing market will look like for the rest of the year? The team at Money magazine has reviewed the current conditions,...
Rate News
Which events may move the mortgage market for the week of 7/17 – 7/21? The following events, announcements, and reports may have an impact on the mortgage rate market or the greater economy this week: Monday, July 17th Empire State manufacturing survey – July 2023...
Off Markets June 2023
--- If you or a friend are looking to buy or sell in the next 3-6 months, or your current realtor isn’t actively managing your listing, call or text me today for a free consultation 310.308.4256. Erin Blakeslee DRE 01912347 Coldwell Banker Realty 310.308.4256...
Another major insurance company limits new homeowners insurance in California
Farmers Insurance has limited new homeowners insurance policies in California, joining other major national insurance providers. Farmers, the second-largest provider of homeowners insurance in the state, said it placed the cap on the number of policies in California...
Back-to-School Giveaway
Whether students are excited to upgrade their tech, rock the halls in new kicks or stock up on classroom essentials, a Target GiftCard is just the ticket to help them start the new school year off right. Winners will be prepped to make it a gold star year, compliments...
Dreaming of living by the sand?
--- If you or a friend are looking to buy or sell in the next 3-6 months, or your current realtor isn’t actively managing your listing, call or text me today for a free consultation 310.308.4256. Erin Blakeslee DRE 01912347 Coldwell Banker Realty...