GEM Mortgage Los Angeles

I am not loving seeing this info: The Cass Freight Index, which measures shipments in the US and is a good broad measure of the health of the economy, was down... significantly in December. Shipment volumes dropped 7.9% vs December 2018 levels, as the index posted its lowest reading since January 2018. It was also the steepest y/y decline since the Great Recession of 2008-2009. See more

Great Opportunities.

Your help would be Beary Nice.

So what is the reality of "greatest economy ever"? More Americans need a second job to make ends meet Underemployment is still at or above pre-recession levels Stagnant wages suggest 'full employment' is a long way off

Jobs created in October in at +125K.

At 11am The Fed will announce their decision to reduce The Fed Funds Rate, or to hold steady. There is over a 95% chance according to the futures The Fed will reduce the FFR by .25%. This is great for Home Equity Lines of Credit, credit card, car loan rates. What does this mean for Mortgage Interest Rates? Could it help or hurt mortgage rates? The simple answer is YES. The markets are going to be listening to the press conference closely. It’s expected that Powell will d...ampen market expectations for further cuts. As we saw after the last cut, rates did not go down, but rather up. If today’s cut is viewed as inflationary, rates will likely move higher again. It's important to remember that the Fed does not control mortgage rates, they control the Fed Funds Rateand the two don't always correlate. So even if rates do drop a bit more, is it wise to wait for that potential drop or refinance now? A recent report from Black Night says that over 9.7 million homeowners would currently benefit from a refinance with significant savings. Let’s talk and see if it you can benefit from a refinance.

Exiting Homes Sales still very strong numbers.

A very nice review.

The ADP Employment Report showed that there were 135,000 job creations in the month of September, which was weaker than expectations of 152,000. Adding to the w...eakness - Last month’s figure of 195,000 was revised lower by 38,000 to 157,0000. This level of job growth is not terrible, but job growth has been slowing 2018 average: 219k 12-month average: 176k 6-month average: 140k 3-month average: 145k See more

Positive National Housing News. Breaking down the report - Current sales increased 2 points to 75, Buyer Traffic remained stable at 50, and Sales Expectations dropped 1 point to 70.

Our Team had a property go into escrow late of Friday 8/23. Funded yesterday. Recording today(9/13). 30 Year Fixed at 3.49%/3.597% APR. 21 days with a holiday weekend in the middle. Great team effort.