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Showing posts with label Chris B Johnson Realtor. Show all posts
Showing posts with label Chris B Johnson Realtor. Show all posts

Saturday, January 12, 2019

Los Angeles County Mortgage Rates Fall to 9-Month Lows #TimeToBuy #MoveUpBuyers #FirstTimeBuyers #ChrisBJohnsonRealtor

Los Angeles County Mortgage Rates Fall to 9-Month Lows #TimeToBuy #MoveUpBuyers #FirstTimeBuyers #ChrisBJohnsonRealtor: Your BEST CHOICE FOR A REALTOR® IN LOS ANGLES & VENTURA COUNTY CA, Luxury Home Specialist, Certified Xome Auction Luxury REALTOR® REO & Short Sa...#ChrisBJohnsonRealtor   My Los Angeles County Real Estate BLOG   
My Ventura County Real Estate BLOG        Investor Fix & Flip-Bidding Ends SOON!
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Real Estate Agent with Allison James Elite CA. BRE 01501699
 
  #ChrisBJohnsonRealtor   Investor Fix & Flip-Bidding Ends SOON!  My Los Angeles County Real Estate BLOG  
   My Ventura County Real Estate BLOG
Mortgage rates posted more drops this week, lowering the borrowing costs of potential home shoppers and refinancers. Rates are now at a nine-month low, which helped boost mortgage applications more than 20 percent this week.
“Lower mortgage rates combined with continued income growth and lower energy prices are all positive indicators for consumers that should lead to a firming of home sales,” says Sam Khater, Freddie Mac’s chief economist.
Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 10:


About Me

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Chris B. Johnson is a REALTOR® who Specializes in Short Sale and REO Transactions. Chris has been Certified as a California Association of Realtors HAFA Specialist, a National Association of Realtors Short Sale and Foreclosure Resource, Chris B Johnson Realtor is a Certified Distressed Property Expert, Certified Short Sale Negotiator, Certified Default Advocate and Certified Pre-Foreclosure Specialist. With a full time staff dedicated to short sale negotiations and transactions, we have been successful with (almost) every short sale to date.  LinkedIn Pro    UpNest    What's Your Home Worth?
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Monday, September 24, 2018

Are Ventura County Mortgage Rates Going To Go Up Again #TimeToBuy #ChrisBJohnsonRealtor

Are Ventura County Mortgage Rates Set To Rise...AGAIN? #TimeToBuy #ChrisBJohnsonRealtor: Despite escalating talk on tariffs, the Dow Jones Industrial and S&P 500 both hit all-time highs this week, sending bond yields higher as part of a...

BY 
Real Estate Agent with Allison James Elite CA. BRE 01501699
 

Despite escalating talk on tariffs, the Dow Jones Industrial and S&P 500 both hit all-time highs this week, sending bond yields higher as part of a month-long trend.
By Friday mid-morning, the Dow had topped 26,700 points, pushing the all-time mark higher after first hitting a new record on Thursday. This was the first new all-time high since January.
The latest improvement can be attributed to receding fears of a trade war. More tough talk on tariffs this week suggested to many investors that tariffs may be less harmful than originally thought, especially as the Trump Administration seemed to out-leverage China in the latest spat.
The Trump administration announced on Monday it would impose a 10 percent tariff on $200 billion worth of Chinese imports, which would rise to 25 percent by year-end. China retaliated Tuesday by announcing levies targeting over 5,000 American products worth $60 billion and to go into effect next week.
Many analysts now expect a deal between China and the U.S. may be on the table in the months ahead.
Meanwhile, continued economic expansion prompted investors to sell off bonds, which drove yields higher. The 10 Year Treasury, which is closely followed by mortgage rates, headed toward 3.1 percent, punctuating a month-long trend. We need to watch this carefully as the bond markets are approaching some technical trading levels that could push the 10 Year Treasury to 3.25 percent. Rising mortgage rates, with volatility mixed in, remains the forecast.
rates
This bond yield increase is happening for the following reasons: 
  • Investors believe economic growth here and abroad is real. They’re buying equities because of real economic growth – not just inflation – and stabilization in emerging markets abroad.
  • Tariffs. While some analysts have predicted intensifying tariffs and trade wars between the U.S. and other developed economies will drive inflation higher, recent evidence shows it only has attributed about 6 bps to the move.
  • The Fed is closing in on another rate hike, and many investors believe they will increase rates twice by the end of the year. They also believe the long-term dot-plot map of projected rate hikes will increase. This would put a higher floor on interest rates. 
  • Some of the move is also just tactical. The market had too much supply in 10 and 30-year Treasurys last week and needed to sell (don’t forget the Fed is selling Treasurys at a higher rate right now to support federal spending). Plus, corporate bond supply has been heavy, which weighs on rates. At the same time, large pensions funds have less appetite for bonds because of some tax policy change that expired last week. As a result they moved more funds into equities.
Housing and tariffs
Existing home sales for August were unchanged at 5.34 million, according to the monthly report released this week. This followed four months of declines, giving investors some optimism about the housing market. Home sales have been under stress due to several headwinds, including limited supply, higher costs and increased mortgage rates.
The National Association of Homebuilders this week came out with strong statements against President Trump’s trade policies. They claimed the latest round of planned tariffs on Chinese goods would increase housing costs and hurt affordability.
NAHB estimates 600 products, representing $10 billion in goods, in the latest list of products to face tariffs are related to the construction of new apartments and homes.
Trump is proposing a 10 percent tariff on $200 billion in Chinese goods, effective Sept. 24., with that rate to increase to 25 percent in January.   
“President Trump’s decision to impose 10 percent tariffs on $200 billion worth of Chinese imports, including $10 billion of goods used by the residential construction sector, could have major ramifications for the housing industry,” NAHB Chairman Randy Noel said in a statement. “With housing costs on the rise, this action translates into a tax increase on housing… Further, this tax increase is coming on top of the current 20 percent tariffs on softwood lumber imports from Canada. The lumber tariffs have already added thousands of dollars to the price of a typical single-family home.”
Hurricane Florence: Finally, we’re beginning to understand the economic impact of Hurricane Florence, which brought so much destruction to the Carolinas. Property damage and disruption from Hurricane Florence is expected to total $22 billion, according to a Moody’s estimate released this week. As flood damage continues to be uncovered, the total could rise.Moody’s said Florence is among the 10 costliest hurricanes on record in the U.S.While the damage and recovery is expected to have a minimal impact on national GDP, the lasting effects will be felt in the Carolinas for years. The amount of rebuilding is massive and labor shortages in construction already will likely slow some of the recovery.Please keep our friends and neighbors who are recovering in your thoughts and prayers. It will be a long road for many communities.mmABOUT THE AUTHOR: GREG RICHARDSON - EVP OF CAPITAL MARKETS Greg Richardson is Movement's EVP of Capital Markets and a contributing author to the Movement Blog. His weekly market update is a must-read commentary on financial markets, the mortgage industry and interest rates. Greg is an industry veteran who knows how to read the financial tea leaves and make complex industry data easy for loan officers, real estate agents and homebuyers to understand.

Weekly Mortgage Rate Update

 

A rally in the stock market drew assets away from bonds this week, which was negative for mortgage rates. As a result, mortgage rates rose.

THIS WEEK'S RATE TREND IS UP



 

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Tuesday, September 18, 2018

Ventura County Home Prices: The Difference 5 Years Make

Ventura County Home Prices: The Difference 5 Years Makes : #Sell Your Home For More and Pay Less #Time To Sell #ChrisBJohnsonRealtor #Sellers Pay ZERO Commission #List Your Home & Pay No Commission #Better ...






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Saturday, July 2, 2016

Moorpark Country Club Estates and Moorpark Highlands Luxury Home Specialist #ChrisBJohnsonRealtor

Chris B Johnson, REALTOR 
Weekly Mortgage Rate Update 
The British vote to exit the European Union remained the primary influence on U.S. financial markets over the past week. U.S. stocks have recovered their losses, while mortgage rates have continued to improve. As a result, mortgage rates ended the week at the best levels in years.
THIS WEEK'S RATE TREND IS DOWN
Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Some sales are not immediately available from public records. As they become available, the data are updated.
 Mortgage Pre Approval Neighborhood Market Report 
Time To Buy A Home
 Selling Your Home This Summer         Buying A Home This Summer 

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