Fed Rate Cut Coming — But Don’t WaitOct 11 2019
U.S. bond yields and home loan rates ticked modestly higher this week as the world watches the U.S. and China have their first serious talk since July. There is a growing sentiment that... »
Read More of the post Fed Rate Cut Coming — But Don’t Wait
Mortgage Mythbusting: Renovation EditionOct 11 2019
A common mortgage myth related to renovation is that you have to own your home for a million years before you can renovate. When in fact, you can take advantage of a renovation... »
Read More of the post Mortgage Mythbusting: Renovation Edition
Stocks and Mortgage Rates RiseSep 13 2019
This past week home loan rates ticked up sharply from the previous week leaving many wondering – have rates bottomed?
For would-be homebuyers, real estate agents, and folks working in the housing industry, here... »
Read More of the post Stocks and Mortgage Rates Rise
DIY – Home Renovation with HomebridgeAug 6 2019
We’ve all been there: you’re enjoying one of your favorite home renovation shows wondering how you can have the updated features of your dreams at a price you can afford. As the nation’s... »
Read More of the post DIY – Home Renovation with Homebridge
Indecision Ahead of Huge News WeekJul 26 2019
The U.S. Bond market traded in a tight sideways range, leaving home loan rates essentially at unchanged levels week over week. However, the technical picture reveals Bond market indecision as prices trade near... »
Read More of the post Indecision Ahead of Huge News Week
Summer Sideways Trend ContinuesJul 19 2019
This past week had little economic data for the financial markets to react to. As a result, home loan rates have inched higher though they remain near multi-year lows.
It is normal to see... »
Read More of the post Summer Sideways Trend Continues
Fed Cuts and Home Loan RatesJun 7 2019
"Let the good times roll" (The Cars) — For the sixth consecutive week home loan rates declined, once again fueled by the ongoing trade tensions between the US and China.
However, the decline in rates... »
Read More of the post Fed Cuts and Home Loan Rates
Homebridge Financial Services, Inc. Acquires Majority of HomeStreet Bank’s Stand-Alone Home Loan CentersJun 5 2019
In a move guaranteed to increase Homebridge Financial Services, Inc.’s robust mortgage lending services, Homebridge has acquired the assets of a majority of HomeStreet Bank’s stand-alone home loan centers. HomeStreet Bank is a... »
Read More of the post Homebridge Financial Services, Inc. Acquires Majority of HomeStreet Bank’s Stand-Alone Home Loan Centers
Interest Rate DisconnectMay 31 2019
"Sell in May and go away" — an old Wall Street investment strategy which suggests not owning stocks during the Summer months.
That investment strategy certainly worked this past May as stocks declined each... »
Read More of the post Interest Rate Disconnect
Trade With China Causes UncertaintyMay 17 2019
The biggest story in the financial markets and around the globe is the ongoing US/China trade negotiations.
At the moment, there is no resolution and it appears there will be no resolution for at least several... »
Read More of the post Trade With China Causes Uncertainty
Eighteen of our Homebridge Mortgage Loan Originators were honored by Scotsman Guide as the top-producing mortgage associates in the country. The Scotsman Guide’s yearly ranking assesses more than 4,500 mortgage professionals around the... »
Read More of the post Homebridge MLOs Recognized as Top Originators by Scotsman Guide
Is Low Inflation Finally “Transitory”?May 3 2019
"Transitory" — defined as non-permanent or lasting a very short time — is the word Fed Chairman Jerome Powell used this week at the Fed Meeting to describe the current low inflation environment,... »
Read More of the post Is Low Inflation Finally “Transitory”?
The US Economy Remains “Durable”Apr 26 2019
Good news is typically bad news for bonds and home loan rates. That has not been the trend of late, and certainly not this past week.
Durable Goods Orders is a report which shows... »
Read More of the post The US Economy Remains “Durable”
Our associates have spoken, and Homebridge Financial Services, Inc. has been named one of the leading places to work in the residential mortgage industry according to an employee survey produced by Mortgage Professional America.... »
Read More of the post Homebridge Puts Feather in Its Cap With “Best Places to Work” Accolade
Fed Sparks Economic ReaccelerationApr 19 2019
The economic data coming out of the US this week showed that not only is a recession highly unlikely anytime soon, but the economy is actually reaccelerating from the slowdown seen last Fall.
Read More of the post Fed Sparks Economic Reacceleration
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... »
Read More of the post Yield Curve Inversion Explained
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,... »
Read More of the post Thank You, Mr. Powell
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... »
Read More of the post Word of the Day: Complacency
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... »
Read More of the post Disinflation Washes Up On Our Shores
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.
Read More of the post Over 30 Homebridge MLO’s Named Mortgage Executive Top Mortgage Originators in the USA
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... »
Read More of the post U.S. Economy Showing Solid Growth
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... »
Read More of the post Welcome our new Mortgage Loan Originator – Cheryl Zenski!
“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,... »
Read More of the post “Whatever you are, be a good one.”
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... »
Read More of the post Canary in the Coal Mine
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.... »
Read More of the post Issues in Europe Affect Our Markets
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,... »
Read More of the post Rates Improve on Mixed Economic News
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... »
Read More of the post A Booming Economy Sees Rates Climb