Mortgage Market Summary as of March 19, 2018

Mortgage Market Summary as of March 19, 2018

Mortgage rates ended last week slightly lower compared to the previous Friday's levels.  That's no small victory in 2018, despite the fact that it is a small victory in general.

The looming Fed announcement will be this coming Wednesday 11:00 AM PST.  Oftentimes, bond markets (which underlie rates) don't want to move too far outside recent ranges when there's a risk the Fed may say or do something to redefine that range.  

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Mortgage Market Summary as of February 12, 2018

Mortgage Market Summary as of February 12, 2018

Mortgage Rates End Week in Line With 4-Year Highs

Mortgage rates experienced some ups and downs last week (mostly ups), but ultimately weren't able to capitalize on a few attempts to move lower.  Monday's initial rate sheets were the highest in years, but they were soon superseded by afternoon improvements that followed the massive stock sell-off. 

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LEASED - Santa Monica Penthouse Just Off Montana Avenue

LEASED - Santa Monica Penthouse Just Off Montana Avenue

2 Bed + 2 Bath Penthouse
Overlooks Serene 10th Street Just South of Montana Avenue
Great for Entertaining With Wonderful Open Feel, High Ceilings & Abundant Natural Light
Oversized Balcony, Hardwood Floors, Quartz Countertops & Carrara Marble Finishes
Custom Glass Shower Enclosures; Recessed LED Lighting Throughout
Steps to Montana Avenue Shopping, Santa Monica Beach,
Farmers Markets & The 3rd Street Promenade

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Mortgage Market Summary as of January 29, 2018

Mortgage Market Summary as of January 29, 2018

Another 9 Month High For Mortgage Rates

Mortgage rates moved higher Friday, bringing them up to yet another 9-month high as underlying bond markets ended the week in roughly the same shape as the week before.  The mortgage bond market has been volatile over the past several days.  That volatility makes it more expensive for lenders to guarantee any given rate, thus accounting for the new highs.

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