We are living in crazy times. As we watch this week’s unemployment figures tack on another 3 million people filing this week alone and the Federal Reserve offering next-to-nothing interest rates for commercial lending and buying high-risk ETFs, you would think we are on the brink of a huge recession. And yet, when it comes […]
The Relationship Between the Federal Reserve and Mortgage Rates is Now Murkier than Usual
Anyone who had asked about mortgage interest rates’ relationship to the Fed rate would usually be told that the Federal Reserve rate had nothing to do with current mortgage rates. While that is technically true, the unprecedented moves by the Fed in the last few months have tied mortgage rates more inextricably to it. In […]
Mortgage Relief for California Families During COVID-19
Because of the recent situation with COVID-19, many homeowners are struggling with layoffs, social distancing and, consequently, an inability to pay their most basic bills, including their mortgage payments. For those who find themselves in this position, you may be covered under a forbearance program called the Cares Act. What Does the Cares Act Offer? […]
How Will the Federal Reserve Rate Cuts Affect Mortgage Rates in California?
We have seen that the Federal Reserve has made an emergency cut of its benchmark rate to nearly zero this past weekend. The Fed makes its decisions based on many factors, the most current is the economic impact of COVID-19. And although the fund’s rate is tied to mortgage rates indirectly, what we have seen […]
How Does a Mortgage Broker Save You Time and Money?
So, you’re ready to shop for a mortgage. But where do you start? Maybe your real estate salesperson has a recommendation. Maybe you’ve been approached by your bank. But how do you know what is right for YOU? Have You Considered a Mortgage Broker? You may want to consult with a mortgage broker. A mortgage […]
