Orange County Housing Report
Unexpected Slump in DemandHigher 30-year mortgage rates are having a major impact on Orange County demand, now at levels far below typical spring averages.In 2002, the Los…
Author: Tim Morissette
MORTGAGE WATCH 3/25/22
Mortgage Rate continue going higher daily. The yield on the 10yr Treasury (closing moves with mortgage rates) jumped this morning to 2.50%. MBS had yet…
OC Housing Report
Coming Up… SpringMarch 7, 2022Many mistaken the Summer Market as the busiest time of the year for housing, yet it is the Spring Market that is…
MORTGAGE WATCH 02/25/22
Mortgage Rates are worse since last Friday as MBS (mortgage bonds continue to sell-off). There was some hope/optimism that Russia’s military invasion of Ukraine would create…
OC Housing Report
Going, Going, GONE!February 8, 2022When a record low number of available homes is matched with fierce pent-up demand, it results in an auction where homes sell immediately…
OC Housing Report
Housing CracksApril 19, 2022Even though housing is insanely hot, trends have emerged that confirm that the Orange County housing market is starting to cool.Cracks AppearingTrends are developing…
OC Housing Report
Out of ControlMarch 22, 2022With the number of available homes to purchase at extremely low levels, there simply are too many buyers competing against each other.An…
OC Housing Report
Will it Slow in 2022?February 23, 2022Housing has only grown hotter despite mortgage rates rising considerably since ringing in a New Year, indicating it will take further…
MORTGAGE WATCH 02/11/22
What is going on?Well, investors have been on edge about higher inflation for months, then yesterday 2 bombs dropped. First, inflation (CPI) came in at…
MORTGAGE WATCH 02/04/22
It’s a beautiful morning in SoCal, but not so much for rates…Mortgage Rates are moving higher as Fed taper speed increases pushing rates this morning back…