It’s Just The Facts: January 2019

Facts You Need To Know About The Housing Market Sales price – The median sales price of existing homes sold in Dec 2018 was $253,600, down from an all-time peak median of $273,800. (National Association of Realtors) US banks repossessed 230k homes in 2018 – down 21%...

Keep Your Credit Scores In Check

Things NOT To Do When Trying To Improve Your Credit Your credit scores are very important when determining your qualification for loan pricing. Loan pricing includes your interest rate, your points and fees, etc. The number you want to have to be able to get the best...

Daily Rate Update: January 21st-25th

Friday – January 25, 2019 Zillow reports that median home prices rose 7.6% year-over-year in December 2018, to $223,900, just above the 7.4% recorded in December 2017. Rents increased at an annual pace of 1.4%, the largest increase since June 2018. When looking...

Why Borrowers Should Be Optimistic

The Pros to Non-QM Loans The Orange County Housing market went on a “roller coaster ride” from January 2018 through late into the year. A year ago we had 3,397 homes on the market for sale in Orange County and inventory peaked at 7,200 (end of 2018). Many buyers are...

Daily Rate Update: January 14th-18th

Friday – January 18, 2019 The partial government shutdown, tariffs, unstable financial markets and fears of a global economic slowdown sent Consumer Sentiment lower this month. The University of Michigan’s Consumer Sentiment Index fell to 90.7 from 98.3 in...