The Federal Reserve has cut its short-term bank borrowing rate by 100 basis points since mid-September. But mortgage rates have refused to budge lower. When will the mortgage rates buckle and by how much? No one knows with certainty but a good estimate is for 6% to 6.5% by midyear.
– Lawrence Yun
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Weekly Update April 7 to April 13
Last Week in Real Estate The market is moving steadily along, with 30 closings for over $67M in the last two weeks. And with 16 new listings joining the market last week, the inventory is starting to pick up. Baldy will be open one more week, Warm Springs side only, with the Baldy Bash happening Saturday [...]
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