Mortgage Heroes
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General Information
Locality: Chula Vista, California
Phone: +1 619-934-7775
Address: 873 Anchorage Place 91914 Chula Vista, CA, US
Website: www.mortgageheroes.com
Likes: 967
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Wow San Diego Continues its break-neck pace of Home Price Appreciation. UP 14% from March 2020-2021. If equity and high rates were the reason you didn't refinance before...those 2 reasons are long gone now!
Wow, last Friday's Jobs report was TERRIBLE...like a total swing and miss. Further, March's revised figures were worse than initially reported AND the unemployment rate increased. While this reflects a significant setback in the resurgence of our economy, it will mean low mortgage rates are here for longer. Stop sitting on the sidelines, the time is now to gain a foothold on your home mortgage if you haven't already.
If you missed Andy's video about housing inventory being at crazy lows...be sure to check it out over on "The Tube" https://youtu.be/DTIcite11fg
A recent Realtor Magazine survey found that 10% of respondents said they plan to list their home this year, and 26% said they plan on listing within the next 3 years! We unpack this data and also take a look at the pedestrian pace of homebuilding that took place from 2010 - 2019. You'll be shocked to see HOW FEW new homes were built in the last decade!
This week we have a special shout out to our client Jeff, who tracked us down in the middle of a Men's retreat this past weekend. And thank you to each of you who continue to follow us online, soaking up education, and gaining insight on how to make the most out of your homeownership. We are so grateful for your support which encourages us to keep on going and help more families be the HERO of the neighborhood!
Janet Yellen gets nominated as incoming Treasury Secretary. You might remember her name from just a few years past. So what does her pending appointment mean for housing?
Well we got what we were hoping for last week...positive housing start data!
Its Nerd Data Week as we're expecting bond auctions, new home starts, mortgage application numbers, and more! This data and other measurements will continue to shape the 2021 outlook. Rates are stuck in gridlock and expect more neutrality this week, i.e. - Rates are not expect to spike or dip rapidly.
It's been a looooong week to say the least. Interest rates didn't like the market today. Will rates keep teeter-tottering? Will we see answers about eviction moratorium ending December 31st?
Yup...It's all about the VOTE this week. Industry groups are prepared for EITHER outcome. Markets are holding steady in anticipation of a decision. What will 2021 have in store for us!?!
The more things change the more they stay the same right?!? Welp, we're kicking off another new week with the election looming off in the horizon but fast approaching. The markets are closely watching what's happening. And anything that surprises us this week with be exactly that...A SURPRISE!
For August 2020, San Diego experienced the highest % increase of home value in the Nation! "The CoreLogic HPI provides measures for multiple market segments, referred to as tiers, based on property type, price, time between sales, loan type (conforming vs. non-conforming) and distressed sales. Broad national coverage is available from the national level down to ZIP Code, including non-disclosure states. These large cities continue to experience price increases in August, with San Diego leading the way at 6.2% year over year."
We're coming into the FALL and "What the heck is even going on!?!" - Rates are low - We have more buyers than sellers - What's coming up in 2021?... - Mortgage forbearances extended - Rent evictions expiring, but extending again?... See more
If you are missing our weekly video newsletters, subscribe to our YouTube Channel where you will see it BEFORE it even hits your inbox :) Here is "Quarter 3 update and what's coming next!" https://youtu.be/kLYRyhJedIA
Lots of employment data this week...and initial forbearance window is closing: Will Americans come out of it, or renew for another 180 days!?!
We have a FED meeting coming up this week...and you might need to keep your eyes on that darned FHFA fee again!
THIS IS CRAZY!!! Mortgage lending sets a 20-year record with $1.1Trillion in Q2 of 2020. https://www.housingwire.com//mortgage-lending-sets-a-20-/
Well the FHFA fee attempt got backlash the first time around and fortunately it has been delayed...so now they're trying THIS INSTEAD!?!
The FHFA "Delayed" their fee, we have a lot of news coming up this week...what's that mean for rates?!?!
It's a new Monday and today we're talking about the new FHFA fee that got imposed last week. We're really hoping this gets overturned, its a raw deal for homeowners trying to make the best of their financial situation by refinancing to a lower rate.
Feels like Groundhogs Day around here this morning! Weren't we waiting on a new stimulus deal last week?!?! Yes. Yes we were. Well we're back on another Monday with more of the same...kinda of. Here's what Andy thinks.
We could be looking at a mild week in the mortgage market. Be careful trying to hunt for the bottom of the rate market and get your loan scenario looked at while we're still in this great rate zone.
The big headliner this week will be the new stimulus package. Some hints were dropped this weekend, and what we will be looking for is confirmation on the rental eviction moratorium being extended, details of a second round of stimulus payments, and what the new weekly unemployment boost will look like.
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