Orange County Housing Report
On the Endangered ListA mind blowing 29% fewer homes have come on the market below $750,000 so far this year. For the most part, prices do…
Author: Tim Morissette
MORTGAGE WATCH
Mortgage Rates had another decent day on Thursday with MBS prices modestly better terms compared to Wednesday. Improvements continue to arrive in fairly small doses, but they've…
Orange County Housing Report
The Coming ChangeThe sharp rise in mortgage rates from 2.65% during the first week of January to 3.09% today is just the beginning of rising…
Rate Watch Report
Mortgage Rates are moving higher this week as Mortgage Bonds (MBS) and Treasury Bonds (TSY) are getting crushed (see chart). This morning’s selling is exasperated by Feds decision to NOT…
MORTGAGE WATCH
Mortgage Rates improved microscopically this week as the underlying bond market remained calm. Since the beginning of 2021, bonds have been exceptionally volatile with yields moving higher and prices moving…
MORTGAGE WATCH
Mortgage Rates have fallen “quickly” to the lowest levels in weeks! If you are reading this email each week, then it’s no secret that mortgage rates…
Orange County Housing Report
Cost of WaitingHousing will become more unaffordable as homes continue to rapidly appreciate and mortgage rates rise.Ask any buyer what it is like attempting to…
MORTGAGE WATCH
Mortgage Rates – remain flat since last Friday’s report. Right now, MBS (Mortgage Backed Securities/Bonds) are following the 10yr Treasury very closely. The 10yr TSY yield…
Orange County Housing Report
New FOR-SALE SignsNearly a third of all homes that enter the fray during the year come on the market over the course of the next…
MORTGAGE WATCH
Mortgage Rates are rising and before we get into the WHY let’s remember that we are STILL sitting at the lowest end of the rate cure in American history! These…