Bill Eliminating VA Loan cap signed into lawJun 27 2019
The Department of Veterans Affairs can now back loans that exceed the conforming loan limit. A bill eliminating this cap was signed into law by President Donald Trump on June 25th, 2019.
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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... »
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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... »
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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... »
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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... »
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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... »
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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,... »
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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... »
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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.... »
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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.
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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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