Supporting My Builders and Realtor Partners

March building permits were a slight beat this morning posting a 4.2% gain to 1.267 million annual units, just above expectations.  Treasury yields are unchanged as investors assess the prospects of a Trump tax cut.  Mortgages are doing well as spreads-to-treasuries have tightened a bit.  The 10-...

 The industry is changing and it can be hard to keep track of where we are. Here’s a flyover look at what’s going on in the mortgage industry right now. The bottom line is this is a great time to be a seller, particularly in CA, but it is also a great time to be a buyer. First-time homebuyers can...

This morning the government released the February Job Openings and Labor Turnover Survey (JOLTS), a seldom reported, but Janet Yellen-favorite employment report.  The JOLTS reported 5.743 million unfilled jobs, up from 5.655 million openings in January, indicating a very tight job market.  More ...

Here are the 25 markets with the highest returns for single-family homes Posted on Monday April 3, 2017 by Matt Brady in Mortgage + Real Estate Tips   A new list from RentRane is out on the top 25 rental markets with the highest average gross yield, with a heavy focus on non-coastal markets. How...

If you remember, right after the election in November, the stock market started to climb based on assumptions of pro-business policies that the Trump campaign had promised.While Wall Street was very bullish, and the Dow climbed, the bond market suffered and mortgage interest rates went up very qu...

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Well, the Fed raised the federal fund rate .25 surprising absolutely no one. The good news is the market was expecting this, and mortgage rates actually improved slightly.The Fed also signaled that they intend to continue tightening our monetary policy throughout the year. That means we can expec...

You’ve heard of the importance of location, location, location when searching for a home. But have you thought about what’s most important in owning one?You need a maintenance plan!Unless you plan on hiring a team of housekeepers and gardeners, the best plan for handling home maintenance is to cr...

With all the rain and risk of flooding on the West Coast, I thought it would be a good time to remind everyone to protect their important papers. When an emergency strikes, you usually don’t have the time to go around the house and find what you need. Having your most important documents in one e...

I wrote a blog a week ago  describing the benefits of a  mortgage insurance reduction that the FHA has announced was going to be effective January 27.  Today they sent a letter retracting the reduction. In the letter, FHA announces that they are suspending the premium reduction.  It is effective ...