The 30-year fixed-rate mortgage dropped to 3.29% during the week ending March 5, a major decrease of 16 basis points from the previous week, Freddie Mac reported Thursday. The Fed made this rare move to lower the federal funds rate by a half-point to a range of 1% to 1.25% in between its regularly scheduled meetings. […]
Client Tip: Race to Refinance Is Costing Homeowners
Many Americans who need cash are taking it out of their homes but at higher interest rates. Over the past two years, a big chunk of homeowners have refinanced to tap their home equity–cash-out refinancings, as they are known–to free up money to pay down credit-card debt, renovate or invest in a new property. Nearly […]
Jan. 6 CVAR At A Glance
Featured Classes & Events Now offered one Saturday a month! Jan. 6 | CRMLS Training – Glendora – Free Jan. 8 | New Member Orientation – All Locations Jan. 8 | zipForm® Training – All Locations – Free Jan. 9-Feb. 27 | Contract College – Glendora – 8 Thursdays Jan. 11 | New! Saturday Ethics Training (CVAR East […]
Client Tip: 3 Reasons to Refi
The Federal Reserve – the organization responsible for setting mortgage interest rates – decided to cut rates for the third time this year in October, resulting in some of the lowest interest rates we’ve seen in a while. This has led many homeowners to wonder if now is a good time for them to refinance […]
Builder Optimism Growing Thanks to Falling Rates
The numbers: Home builders are gung-ho again thanks to dramatically lower mortgage rates. A survey of home-builder sentiment surged to a 20-month high of 71 in October from 68 in the prior month, the National Association of Home Builders reported earlier this month. Readings over 50 are a sign confidence is improving. Just 10 months ago, the […]
Oct. 7 CVAR At A Glance
Featured Classes and Events Oct. 7 | CRMLS Training – Glendora – Free Oct. 8 | 2020 The Agent With Vision – YPN Forum – Free Oct. 9 | New Member Orientation – All Locations Oct. 9 | zipForm® Basic – Free – All Locations Oct. 10 | Mortgage License Origination (MLO) – Glendora Oct. 11 | Brian Buffini Success Tour […]
Mortgage Rates Hint at Good Spring
After falling for three consecutive weeks, mortgage interest rates remained virtually stagnant, according to the latest Freddie Mac Primary Mortgage Market Survey. This means that Spring could be a favorable homebuying season. The 30-year fixed-rate mortgage averaged 4.35% for the week ending Feb. 21, 2019, according to the survey, holding steady from the previous week’s level. However, last […]
Why 2019 Won’t Be Buyer’s Market
As 2018 winds to a close, the housing market has shown signs of a slowdown. Throughout this year, observers have begun to speculate that the country’s housing market may have hit its peak. Meanwhile, millions of Americans continue to wait on the sidelines. Housing inventory remains incredibly tight, meaning that buying a home is a […]
Loan Rates Tumble; Too Late for Homebuyers?
Rates for home loans tumbled as turmoil rocked global financial markets, but any reprieve in rates may come too late for would-be home buyers or refinancers. The 30-year fixed-rate mortgage averaged 4.81% in the Nov. 21 week, down 13 basis points, mortgage liquidity provider Freddie Mac said. That’s the biggest weekly decline since January 2015 and […]
Dec. 3 – CVAR At A Glance
Featured Classes and Events Dec . 3 | MLO License Renewal – CVAR HQ Dec 5 | Holiday Breakfast & Installation Dec. 6 | Citrus Valley Caravan Dec. 6 | CVAR Forum – 12 Tech Gifts of Christmas – Free! Dec. 7 | Shred Day – Free! – CVAR HQ Dec. 10 | 45 Hr. License […]