Blayne Pacelli Realtor

Economic update for the week ending October 2, 2021 Stock markets dropped this week Talks of a government shutdown, which were averted, and political uncertainty over the fate of the bipartisan infrastructure bill and a massive potential reconciliation bill dominated the news this week. Stock market indexes suffered their largest monthly losses in September since March of 2020. September is often a rocky month for stocks. We will see what October brings. Third quarter corpo...rate profits will be released in the coming weeks, and it is expected that the fate of the infrastructure bill and the reconciliation Build Better bill should be sorted out one way or the other. Both of those bills contain massive spending which will stimulate the economy, but would also add to inflationary pressures, and expand the debt. The reconciliation bill also raises taxes for corporations, investors, and families making over $400,000 a year. The Dow Jones Industrial Average closed the week at 34,326.46, down 1.4% from 34,798.00 last week. It is up 12.2% year-to-date. The S&P 500 closed the week at 4,357.04, down 2.2% from 4,455.48 last week. It is up 16.1% year-to-date. The NASDAQ closed the week at 14,566.70, down 3.2% from 15,047.70 last week. It is up 13.2% year-to-date. U.S. Treasury bond yields - The 10-year treasury bond closed the week yielding 1.48% up slightly from 1.47% last week. The 30-year treasury bond yield ended the week at 2.04%, up, from 1.99% last week. We watch bond yields because mortgage rates often follow treasury bond yields. Mortgage rates - The September 30, 2021, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate was 3.01% up from 2.88% last week. The 15-year fixed was 2.28% up from 2.15% last week. The 5-year ARM was 2.48% up from 2.43% last week. The September Jobs report will be released next Friday and included in next week’s update.

New Listing Take a look at this fantastic new property that just hit the market located at 7343 Caldus Ave in Van Nuys. Reach out here or at (310) 383-6281 for more information Blayne Pacelli Rodeo Realty 310-383-6281... www.BlaynePacelli.com [email protected] Dre01364537 See more

Just Reduced This recently reduced home won't last long so don't wait to set up a showing! Reach out here or at (310) 383-6281 for more information!! Blayne Pacelli Rodeo Realty 310-383-6281... www.BlaynePacelli.com [email protected] Dre01364537 See more

Located on a cul-de-sac, in one of the best areas of Woodland Hills. Per lausd school finder this is in the Calabash, Hale and El Camino school district. The nicely upgraded open kitchen flows into the dining room. There is a 2 sided fireplace between the dining room and living room. One of my favorite features in this house are the high wood beam ceilings. The main bedroom has 2 closets and connected bathroom. The main bedroom overlooks the backyard/pool. The other 2 bedroom...s have a jack and jill bathroom. Both bathrooms are mostly upgraded with a touch of old school. The beautiful wood like laminate flooring's really make this home pop. You will not be disappointed with this charming home that is close to so many things. The garage is connected to the house so you can go right in. This is a Charles Du Bois mid century modern! Give me a call for more details! (310) 383-6281

New Listing Take a look at this great new listing that just hit the market. Reach out here or at (310) 383-6281 for more information!! Blayne Pacelli Rodeo Realty 310-383-6281... www.BlaynePacelli.com [email protected] Dre01364537 See more

Economic Update-Stock markets suffered their largest weekly decline since October - Stock markets had their worst week since October as investors digested comments by the Fed, a disappointing fourth quarter GDP report, increasing job losses, and a pullback in consumer spending. The Fed shocked investors early in the week when they made comments suggesting that their key overnight rates would remain at or near zero percent for an extended period which could last years after th...Continue reading

If you are trying to buy a house in this sellers market you need to make the hunt a priority. Have your mortgage pre approval or proof of funds in order. Check new listings daily, be prepared to drop everything to view the home as soon as it hits the market and be ready to make a quick decision. I’m here to make that process a lot easier for you