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This month mortgage interest rates have mostly paused their steady decline for now. While the Federal Reserve did not cut interest rates at their most recent meeting, they did indicate a willingness to reduce rates in the future. Economic data has not been as strong this year and concerns led them to change their assessment of the economy from “solid” to “moderate.” At this time, the Fed is forecasting a
Shannon Gray – Saturday, September 22, 2018 As is common for this time of year, the amount of homes for sale has increased and demand has decreased. In Orange County we have seen a 23% increase in inventory since this past Spring. There are presently 7,070 homes for sale as compared to 5,730 in May. Before you start thinking the bottom is going to drop out, keep in mind the
Rising Rates and Home Values Part 2 Shannon Gray – Thursday, June 28, 2018 As Charles Dickens famously wrote, “It was the best of times. It was the worst of times.” If you are a homeowner today, “the best of times” rings true since your home has probably appreciated in value and you most likely have a fantastic interest rate at an historic low. If you are looking to buy
Shannon Gray – Thursday, February 22, 2018 Now that mortgage interest rates have climbed to their highest levels in 4 years, you may ask, “Will rates continue to climb? And what impact will that have on the housing market?” Most economists and experts believe mortgage interest rates will most likely continue to slowly increase. If the economy remains healthy and inflation doesn’t rise too rapidly, housing values will remain solid
Did you know that the maximum amount you can borrow for a mortgage may vary depending on the loan type and / or depending on the state or county you live? Obviously, we’re addressing the 2023 Orange County, California Loan limits in this article. With that said, we’ll break it down based on the type of loan you might be looking for. 2023 Orange County Conforming Loan Limits According to
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