Eko Kuntjoro, Circa Properties, Orange County, California

01/09/2023

update.
Mortgage update provided by S&S Home Loans, Mike Long.


Rates have opened well the last couple market days allowing for some quick relief! Market experts believe we've seen the peak of inflation and even a peak in interest rates. This probably does not mean rates begin dropping back to pandemic levels in the next couple months, but will remain fairly stable in the 5-6% range, before coming back down towards the end of the year. This potential stability could be a great benefit as we move towards purchase season.

Rates:
30 yr conforming 5.99%
30 yr HB 6.5%
30 yr FHA 5.25%
30 yr VA 5.25%
30 yr Jumbo 6.5%

Call/Text with questions, have a great week!
Mike Long S&S Home Loans
Cell 714-926-7601

11/28/2022

Information provided by S&S Home Loans.


Mortgage rates have had a few good days since last Monday, dropping slightly. Other good news, single family home sales jumped unexpectedly in October by 7.5%, while median home prices hit an all-time high. Showing there's still interested buyers in the market!

Rates:
30 yr conforming 5.99%
30 yr HB 6.5%
30 yr FHA 5.375%
30 yr VA 5.375%
30 Jumbo 6.5%

Call/Text with questions, have a great week!
Mike Long
Cell # 714-926-7601

10/24/2022

rate update.
Provided by S&S Home Loans.

Rates are opening slightly worse from last week. The fed is set on another rate hike come early November, and considering a smaller additional one in December. A lot economic data coming out this week that may affect interest rates as well. Will keep you updated on any big shifts.

Rates:
30 yr conforming 6.99%
30 yr HB 7.375%
30 yr FHA 6.25%
30 yr VA 6.25%
30 Jumbo 7.25%

Call/text with any questions, have a great week!
Mike Long
S&S Home Loans
Cell # 714-926-7601

10/03/2022

.

Mortgage update provided by Mike Long S&S Home Loans

Happy October! Talk about a roll coaster in interest rates. Last Monday the market tanked, finishing 156 basis points down in a single day alone. With both up and down days, we've clawed back most of the losses, and today is looking very promising to be a grey day. With midterms coming soon, market volatility tends to decrease in the lead up, as investors are waiting to see what happens

Rates:
30 yr conforming 6.375%
30 yr HB 6.75%
30 yr FHA 5.625%
30 yr VA 5.625%
30 Jumbo 6.375%

Call/text with any questions, have a great week!
Mike Long
S&S Home Loans
Cell # 714-926-7601

10/01/2022

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09/12/2022

&SHomeLoan

Information provided by S&S Home Loans, Mike Long.

New update onconforming conventional loan limits being increased last week, high balance areas Orange County and Los Angeles county will see their limits increase to $1,073,000. That is up from $970,800. Anything above that, will be considered a jumbo loan. Limits in San Diego county have not been released yet.

Riverside and San Bernardino counties are not high balance areas, therefore anything above the conforming conventional limit of $715,000 will be considered jumbo there.

If you have questions about loan limits and what they mean for your clients, please let me know!

Rates:
30 yr conforming 5.625%
30 yr HB 5.99%
30 yr FHA 5.0%
30 yr VA 5.0%
30 Jumbo 5.99%

Call/text with any questions, have a great week!
Mike Long
S&S Home Loans
Cell # 714-926-7601

09/07/2022

news

Mortgage update provided by Mike Long @ &SHomeLoans

BIG ANNOUNCEMENT loans limits just increased to $715,000 from $647,200 that's a $67,800 increase for 2023. Starting today I can accept these new loan limits. What does this mean for your buyers? Conforming loans have the lowest rates and a first time home buyer program with a little as 3% down.

Let me know if you have any questions.
S&S Home Loans
Mike Long
Cell # 714-926-7601

09/06/2022

update

Information is by S&S Home Loans.
Rates are continuing to take a pounding and have opened an additional 72 basis points lower today than last week. Looming rate hikes are scaring investors along with rising yields in Europe causing an exodus of money from US treasuries bonds.

Long term outlook: the FED thinks interest rates in 2023 will settle somewhere around 4-4.5%. So, while many buyers will not be enthusiastic about their monthly payments, there will a chance to lower them in the next refinance boom.

Rates:
30 yr conforming 5.75%
30 yr HB 5.99%
30 yr FHA 5.0%
30 yr VA 5.0%
30 Jumbo 5.875%

Call/text with any questions, have a great week!
Mike Long
S&S Home Loans
Cell # 714-926-7601

08/24/2022

Contact us for al your real estate needs.

08/22/2022

Mortgage update provided by S&S Home Loans
Last week has been rough in the bond market and the trend continued today, as we're 40 basis points lower than last week. The Fed has another rate hike coming in September and and another one potentially by the end of the year, which means more unpredictable market reactions in the coming future.

Rates:
30 yr conforming 5.25%
30 yr HB 5.5%
30 yr FHA 4.5%
30 yr VA 4.5%
30 Jumbo 5.5%

Call/text with any questions, have a great week!
Mike Long
S&S Home Loans
Cell: 714-926-7601

08/04/2022

Mortgage rate update provided by S&S Home Loans.
Quick update. Rates are slightly higher from Monday.

Rates:
30 yr conforming 4.75%
30 yr HB 5.125%
30 yr FHA 3.99%
30 yr VA 3.99%
30 Jumbo 5.25%

Call/text with any questions,
Mike Long
S&S Home Loans
Cell # 714-926-7601