Timing is Everything, Maybe.
Timing is everything, maybe. The recent jobs report was a reminder to homebuyers and homeowners looking to refinance that trying to time mortgage rates is tricky and can be risky. Many people expecting lower rates were surprised when they went up instead. Last week, the 30-year fixed mortgage rate increased from 6.2% to 6.53%, meaning […]
Bank Statement Loans: What Are They and Who Should Get One?
If you’re self-employed or have income that’s hard to show through tax returns or pay stubs, getting a mortgage might seem tricky. But don’t worry—there’s a loan just for you: the bank statement loan. In this guide, I’ll walk you through what it is, how it works, and if it might be the right option for […]
First-Time Homebuyer Guide
Buying a home for the first time can feel like a big leap, especially in California where home prices can be intimidating. But don’t worry—there are several programs available that can help make homeownership more accessible and affordable. Two of the main organizations offering assistance to first-time homebuyers in California are the California Housing Finance […]
A Brighter Future – Market Update!
Today’s mortgage scene is looking a bit brighter! The average rate for a 30-year fixed mortgage is now 6.51%, a small drop from last week. Meanwhile, the 15-year fixed rate is sitting at 5.91%, also down slightly. With inflation finally cooling off and the job market showing signs of fatigue, the Fed might just cut […]
6 Mortgage Terms for First-Time Borrowers
When you begin the journey to purchase your first home, securing a mortgage is likely on your to-do list. Navigating the mortgage process for the first time can feel like learning a new language. To help you get started, here are six essential mortgage terms you need to know. Understanding these, especially the last one, […]