Realtor Report 01-12-15

Posted by on Jan 12, 2015 in Uncategorized | No Comments

Rates At a Glance     Mortgage Rates Currently Trending 7 Day Mortgage Rate Forecast This Week’s Potential Volatility Lower Lower Average (by Sigma Research) Realtor Report     Lower FHA premiums to fuel home buying in 2015: In a move designed to bring more first-time homebuyers into the housing market, the Federal Housing Administration […]

Market Analysis 01-09-15

Posted by on Jan 9, 2015 in News | No Comments

The Dec employment report made 2014 the best employment year since 1999. The unemployment rate declined to 5.6% from 5.8% in Nov on forecasts of 5.7%. Non-farm jobs were generally expected up 245K, as reported up 252K, Nov non-farms revised from +321K to 353K and Oct revised upward by 20K. Private jobs were thought to […]

Mortgage Rate Summary for 01/09/15

Posted by on Jan 9, 2015 in News | No Comments

How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. […]

Mortgage Rate Environment for 01-08-15

Posted by on Jan 8, 2015 in News | No Comments

President Jesse Gonzalez President North Bay Capital, Inc. Phone: 707-595-5393 Lic: CA BRE 01855372 Email: Website: Broker Jesse Gonzalez Broker Jesse Mouton Gonzalez NMLS#: 278103 Phone: 707-595-5393 Email: Website: Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Neutral Higher High (by Sigma Research) […]

What’s happening in the market today?

Posted by on Jan 8, 2015 in News | No Comments

More selling to start the day in the bond and mortgage markets; the stock indexes opened higher at 9:30. The DJIA started +162, NASDAQ +42, S&P +17; 10 yr at 9:30 2.00% +4 bp and 30 yr MBS prices down 17 bps from yesterday’s close.Weekly jobless claims this morning not much change, up 4K to […]

Market Analysis 01-07-15

Posted by on Jan 7, 2015 in News | No Comments

Slightly weaker this morning in the bond and mortgage markets as trade began;the 10 at 1.99% +3 bp and 30 yr MBS price -22 bps from yesterday’s close. At 8:15 ADP reported Dec private jobs increased 241K ad revised Nov up an additional 19K from originally reported. No reaction to the report as it was […]

Is home ownership possible for millennials?

Posted by on Jan 7, 2015 in News | No Comments

  Here’s some good information from CAR on Millennial buying habits and desires. What I find most interesting is the that 60% of Millennials are more interested in Privacy than the equity/investment value of owning real estate.  We’re lucky here in Sonoma County to have the right mix of rural and suburban housing housing.  If […]

Realtor Report 01-06-15

Posted by on Jan 6, 2015 in News | No Comments

Realtor Report Pending Home Sales Jump 4.1% in 2014: The Realtors’ Pending Home Sales Index is up 4.1 percent from a year ago, the third straight month of annual gains and the largest gain since August of 2013. These contracts are an indicator of closed sales in the next one to two months. Signed contracts […]

Market Analysis 01-06-15

Posted by on Jan 6, 2015 in News | No Comments

Yesterday the markets finally realized declining oil prices and deflation in Europe do actually matter. The stock market got tagged while the rush to US treasuries sent the 10 down to 2.04% -8 bps; 30 yr MBS price yesterday increased 34 bps. This morning more decline in oil and other commodities has run the 10 […]

4 Myths About Your Credit Rating

Posted by on Jan 5, 2015 in News | No Comments

And How it is Determined.  It may be obvious to some, but the majority of people are in the dark about how their credit rating is determined and calculated.  When we think about the cost of credit and interest that a consumer will pay over their lifetime it really is a shame that more of […]