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 to the COVID pandemic.  Economic indicators along with a mixed bag of earnings this week show the economy surprisingly resilient, however I expect stock market volatility to rise in coming days leading up to the election which should trigger capital flows into bonds.  Speaking of which, we still have no firm bottom in place for bonds, so LOCKING-IN as soon as escrow open is the smart move right now.

Our rates are still amazing, and our purchase loans are still closing in 30 days or less!

Mortgage Rates



Keith Murphy Branch Manager – Essex Mortgage NMLS #330827

Direct: 714-309-1140


About the Author

Tim Morissette, also known in the community as Mr. Foothill Ranch, offers over 40 years of real estate experience which has given him an established reputation and unmatched market knowledge. He is joined by his wife, Michele, as they continue to offer personal service with an emphasis on achieving his clients' real estate goals. This unique combination of traits has led to his proven track record of referral and repeat business. This can be witnessed by the trust of homeowners in Foothill Ranch where he has sold twice as many homes and represented three times more buyers than the next-leading real estate agent for the last 20 years.