Mortgage Watch Report

Mortgage Rates are hitting their lowest point in 4 months after inflation data yesterday! As of late, the bond market’s job description seems to be entirely focused on reacting to CPI data, and then waiting for the next one, completely discounting the Fed into the mix?  This tread is GOOD for mortgage rates and our impending Spring Selling Season which is just around the corner.

I believe as rates get into the 5% range (we are there!!), many of the sidelined buyers will be re entering the market.  With record low inventory (who wants to sell their home when they have a fixed rate at 2.25% – 2.75%) the buyers are going to face stiff competition again.  I also believe the media’s promotion that the US real estate market “bubble” is ready to pop is hogwash!  You cannot get price depreciation when you have NOTHING for sale.  It’s basic Econ: 101 or the Law of Supply & Demand.

Bottom Line: get your team and business processes ready, because I believe there will be an uptick in buyer interest very soon!

Now, check out these 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 46 years of real estate experience which has given him an established reputation and unmatched market knowledge. He is joined by his wife, Michele and sons Matt and Jeff, 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 26 years.

As residents of Foothill Ranch since 1994, Tim and Michele are actively involved in the community by fundraising for Foothill Ranch Library, Make-a-Wish Foundation, Cancer Society, Homes for Habitat, Relay for Life, South County Outreach, and the local church and schools. Tim enjoys sponsoring community-wide garage sales, paper shredding and e-waste recycling event, an Easter egg hunt, & a Meet Santa Event.

Tim and Michele are dedicated to their family of four sons, daughter-in-laws, and grandchildren. As a family, they enjoy many outdoor activities which include camping, spearfishing, mountain climbing and exploring the miles of hiking and equestrian trails in Foothill Ranch and the Whiting Ranch Wilderness Park. Tim and his sons are also avid snowboarders and enjoy mountain biking and lobster diving. Family is a top priority in the Morissette household. They look forward to helping more families achieve their dreams of homeownership.