Bay Area Mortgage & Market Update for January 11th

Real Estate Agent with Tucker Associates Real Estate Services Broker, CalBRE 01165309

Mortgage and Market Update

Bay Area Mortgage & Market UpdateEconomic News...There was hardly any data released this week. Jobless Claims moved up slightly to 371,000. The biggest news was the release by the Consumer Financial Protection Bureau of the rules regarding “Ability to Repay & Qualified Mortgage Standards Under the Truth in Lending Act”. If you think the title is long the actual document is over 800 pages. Thus far there does not seem to be too much consternation from the industry and the rules do not go into full effect until January 10th 2014.

Mortgage Markets...The debt markets have settled down a bit after losing a lot of ground to begin 2013. While mortgage rates improved earlier in the week they are currently under a bit of pressure. The 10 Year Note is currently trading at 1.877% versus last week’s closing yield of 1.932%.

Next Week’s Market Moving Reports... Tuesday: Producer Price Index, Retail Sales Wednesday: Consumer Price Index, Industrial Production, Housing Market Index, Beige Book Thursday: Jobless Claims, Housing Starts, Philadelphia Fed Survey Friday: Consumer Sentiment

While I do not originate loans I make it a habit to keep abreast of mortgage & market conditions. If you are thinking of purchasing a home the first step is to meet with a mortgage professional. I will gladly provide several top-notch Bay Area advisers for your review if you are in need of a referral.

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Thinking of Buying, Selling or would just like to discuss what's going on in your neighborhood?


Doug Anderson

Doug Anderson An Independent Real Estate Broker - Executive Brokers, sm

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Any statistics were compiled from Public Records and other industry sources and are deemed reliable but not guaranteed. Any square footage quoted is approximate and requires buyer verification. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, family status or national origin.


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© J. Douglas Anderson 2010-2013 All Rights Reserved

Comments (2)

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Doug - Another excellent mortgage and market update.  I like how you include a link to the new mortgage act.  Great information to have!

Jan 11, 2013 10:02 AM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Thanks Laura! I hope you are not freezing too much up your way!

Jan 14, 2013 02:54 AM