Orange County Housing Report: Buyers’ Frustration
An Ongoing Seller’s MarketHousing has lined up in favor of sellers for years now and it is due to a low inventory of homes available…
Author: Tim Morissette
MORTGAGE WATCH
Mortgage Rates are fantastic! This week we have seen a nice rally in Mortgage Backed Securities (MBS) pricing, and remember as bond prices rise, yields drop.…
MORTGAGE WATCH
Mortgage Rates have been under some selling pressure (meaning rate/pricing rising) ever since election results, positive news on COVID vaccine from Pfizer, and the 60 Minutes…
MORTGAGE WATCH
Mortgage Rates are rising slightly this week due to market optimism of impending new stimulus plan to help small business and families suffering financial hardship due…
Orange County Housing Report
A Powerful MarketWith a low supply and extremely strong demand, the Expected Market Time is at its lowest level to start October since tracking began…
MORTGAGE WATCH
New HIGHER Conventional Loan Limits effective NOW!The Federal Housing Finance Agency (FHFA) announced that the baseline conforming loan limit for Fannie Mae and Freddie Mac mortgages in 2021 will…
Orange County Housing Report
Hot November HousingWith an Expected Market Time of 41 days, in the midst of November, the Orange County housing market is hotter than the Spring…
Orange County Housing Report
THE HOLIDAY MARKETFrom now through the end of the year, the active inventory typically drops about 27% and demand drops by 31%.Daylight saving time just…
Orange County Housing Report
AppreciationWith strong demand and an incredibly low inventory, the market will continue to lean heavily in favor of sellers, resulting in home values rising.One of…
Mortgage Watch
Mortgage Rates are in a drift mode, meaning rates have not done much since last Friday. The 30yr MBS Bond closed at 104.78 last Friday…