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Buying a home in Los Angeles isn’t just more expensive — it’s structurally different. Many homebuyers discover quickly that applying for a mortgage in Los Angeles involves stricter underwriting,...
During a light week last week for economic data, investors were focused on the U.S. and European central bankers. There were no surprises from the European Central Bank (ECB) or U.S. Fed Chair Powell, however, and mortgage rates ended...
Welcome to my August newsletter featuring personal insights, advice on mortgage rates, and economic news affecting our local housing market.
Interest Rates
Benchmark Rates
A higher-than-expected jobs report released yesterday could lead the ...
Global Economic Growth Slowing
Increasing concern that the pace of global economic growth may be slowing was favorable for mortgage markets last week. The major economic reports and Fed minutes caused little reaction. As a result, mortgage rat...
Rates Ended Last Week Even Higher
With a wide range of major economic news, it was an extremely volatile week. The actions by the Fed were in line with investor expectations and the Employment report came in very close to the consensus forecas...
Inflation concerns remained the primary focus for investors last week. The latest readings revealed additional increases, and mortgage rates rose to the highest levels since late 2018.
Inflation Hits Another High
The Consumer Price Index (CPI...
