Yield Curve Inversion ExplainedMar 29 2019
"It's getting better all the time" (The Beatles) That is the best way to describe the current home loan rate environment. This past week we saw mortgage rates experience their largest one-week decline... »
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Thank You, Mr. PowellMar 22 2019
The monetary authority of the United States, the Federal Reserve, meets 8 times a year to discuss the economy and adjust monetary policy to promote maximum employment and maintain price stability (inflation).
The Fed,... »
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Word of the Day: ComplacencyMar 15 2019
Volatility has disappeared in the financial markets and a sense of calm and complacency has emerged. Why? Well, thanks to the Fed, and to reduced threat of inflation and higher rates, both stocks... »
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Disinflation Washes Up On Our ShoresMar 8 2019
“It's a small world after all.” If inflation moves lower — or is expected to move lower — rates must go lower as well. That's the situation right now.
The financial markets and interest... »
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Homebridge is honored to announce that 2018 saw 30 of our Loan Officers named to Mortgage Executive’s Top Mortgage Originators in America.
This distinction was based on the number of loans closed and volume.
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U.S. Economy Showing Solid GrowthMar 1 2019
This past week, the Bureau of Economic Analysis (BEA) reported the U.S. economy, as defined by Gross Domestic Product (GDP), grew at a 2.6% rate in the fourth quarter of 2018. Economists and... »
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We'd like to give a warm welcome to one of our new Mortgage Loan Originators - Cheryl Zenski! Cheryl will be helping the residents of the Temecula, CA metro area get one step... »
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“Whatever you are, be a good one.”Feb 15 2019
Presidents Day is a time to honor our past presidents. We look to Abraham Lincoln’s quote as it resonates with our mission as a company. Simply put: do as best as you can,... »
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Canary in the Coal MineFeb 15 2019
"Only got twenty dollars in my pocket…" (Macklemore & Ryan Lewis) The financial markets are sensing that the predicted government shutdown and protracted trade war with China will be averted. This is good news... »
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Issues in Europe Affect Our MarketsFeb 8 2019
Bad news is good news for the U.S. bond market and rates. This past week, bad news by way of worse-than-expected economic numbers in Europe cast a dark shadow on the financial markets.... »
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Rates Improve on Mixed Economic NewsFeb 2 2019
The Fed met this past week. As expected, they didn’t hike rates and the Fed Statement was very “dovish,” suggesting that rate hikes will be off the table for most, if not all,... »
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A Booming Economy Sees Rates ClimbJan 26 2019
Despite bond-friendly news with the unresolved US/China trade relations and the ongoing government shutdown, rates actually touched 2019 highs midweek — this as stocks continue to move higher.
Home loan rates have been on... »
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Opposing Forces Keep Rates SteadyJan 12 2019
“We are good where we stand right now.” (Fed President James Bullard — January 10, 2019) Stocks continued to react positively to Fed Chair Powell’s Jan 4th speech, where he essentially said, “we... »
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Good News for the Start of the New YearJan 5 2019
“Workin’ for a Livin’.” (Huey Lewis and the News) iPhone maker Apple, was a downer this week as the company announced a surprise weak sales and earnings forecast for the first quarter of... »
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Great Environment for Home BuyersDec 15 2018
“It’s a tug of war, we expected more.” (Paul McCartney) Home loan rates bounced around this week due to volatility in the U.S. Bond market, but went into the weekend still near three-month... »
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By Miriam Cross, Kiplinger.com
The line between home rentals and hotels is blurring, and that’s good news for travelers who like the idea of staying in a home away from home but are skittish... »
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Brexit Trouble Good for Dollar & Mortage RatesNov 17 2018
“This ain't love, it's clear to see. But darling, stay with me.” (Sam Smith) It’s clear to see there “ain’t” much love in the process of the U.K. leaving the European Union (EU)... »
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For the second year in a row, the Department of Housing and Urban Development’s (HUD) endorsement summary report has Homebridge ranked as the #1 203(k) renovation lender of the year. Setting the standard,... »
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Jobs and Wages Better Than ExpectedNov 3 2018
“Workin’ 9 to 5, What a way to make a livin’.” (Dolly Parton) This past week showed more and more people working 9 to 5 and home loan rates didn’t like it.
First the... »
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Mixed Messges from the FedOct 19 2018
“Now did you read the news today? They say that danger’s gone away.” (Genesis) Our Federal Reserve has a dual mandate: to maintain price stability (inflation) and maximize employment. They also have a... »
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Bond Prices Drop While Interest Rates RiseOct 5 2018
“Well, I’m going down...down, down, down, down, down.” (Jeff Beck) The big news of the week — Bond prices went down, down, down, resulting in a sharp rise in interest rates to levels... »
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Mixed News on New ConstructionSep 22 2018
"Don't rain on my parade." Barbra Streisand. Housing Starts were on the move higher in August, but the news on future construction was a bit of a damper.
August Housing Starts rose 9.2 percent from... »
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Consumer Spending DisappointsSep 14 2018
"Rainy days seem to wind up sunny, long as you got a little spending money." Jimmy Buffett. Retail Sales were on the damp side in August, rising at their smallest level since February.
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Growth in Jobs and WagesSep 7 2018
"There's no thrill like throwing a touchdown pass." Joe Montana. The labor sector scored in August with solid numbers on job and wage growth.
U.S. employers hired 201,000 new workers in August, above the... »
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