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Last Week's Review

Last Week's Review

TRADE WAR WORRIES WIN OUT... For five days, uncertainty over the trade battle with China riled Wall Street, and even some excellent economic data couldn't prevent the stock market from ending down for the week.  The Leading Economic In

May 20, 2019 |

California Housing Finance Agency Accepting Applications for New Multifamily Mixed-Income Program

California Housing Finance Agency Accepting Applications for New Multifamily Mixed-Income Program

SACRAMENTO — California's first program to incentivize affordable housing developments for Californians with moderate income levels, as well as low-income Californians, has been approved by the California Housing Finance Agency (CalHFA) Boa

May 15, 2019 |

Lower Mortgage Rates

Lower Mortgage Rates

Mortgage Rates moved moderately lower to start the new week as trade tensions remained in focus.  In general, the worse the US/China trade relationship is looking at any given moment, the better it has been for the bond market (and the wors

May 13, 2019 |

Mortgage applications are on the rise

Mortgage applications are on the rise

After several weeks of declining applications, homebuyers bounced back into the market. Mortgage applications increased 2.7% compared with the previous week, according to the Mortgage Bankers Association (MBA). Purchase applications drove the gains. App

May 08, 2019 |

Pending Home Sales Up 3.8%

Pending Home Sales Up 3.8%

KEY POINTS House shoppers signed 3.8% more contracts to buy existing homes in March compared with February, according to the National Association of Realtors’ pending home sales index. Sales were 1.2% lower compared with March 2018, the 15th str

May 01, 2019 |

Should you refinance?

Should you refinance?

When it comes to whether you should refinance your current mortgage, generally use the “half point rule,” which means the new rate is at least 0.5 point lower than your current one. However, in reality, it comes down calculating what you

Apr 23, 2019 |