Residential First Capital

01/04/2023

There are many opportunities to invest in real estate. Think outside of the box and use Private Money. To learn more about everything we do, reach out to us directly.

12/07/2022

Latest on job growth:

Job growth came in above expectations in November but it was the lowest print this year. Non-Farm Payrolls rose 263,000 versus the 200,000 expected and down from 284,000 in October. The Unemployment Rate remained at 3.7% while the Labor Force Participation Rate fell to 62.1%, below the pre-pandemic level (Feb 2020) of 63.4%. Hourly earnings rose 0.6% monthly, above the 0.3% expected.

11/29/2022

$1.089 million - that's the new conforming loan limit in high cost areas like Orange County, CA.

The federal government will back mortgages up to that limit to catch up to the rise in home prices.

For most of the US, the limit on Fannie and Freddie-backed loans will be $726,200, up from $647,200 this year.

Talk to us about what this means for your mortgage:

Get expert tips on loans and mortgages straight from our professionals. At Residential First Capital, we provide financial solutions for every property owner.

11/08/2022

How does a 4% interest rate sound? What about 5%? This is possible in today's market with creative loan products to help save you money as rates rise.

Talk to us today about your situation and we will see if this is a good fit for you:

11/02/2022

New tested and tried Private Money loan option. Run your scenarios by us today:

We have a tested and tried No Doc Loan Program for Consumer Purpose Loan Situations. If your borrower meets the guidelines, they can get this financing

10/19/2022

Latest on mortgage rates:

MBA: Market Composite Index -4.5%, Refinance Index -6.8%, Purchase Index -3.7%. 30-yr fixed rate mortgage +13bp to 6.94% with 0.95 in points for the week ended October 14. It was the highest rate since 2002.

10/12/2022

Mortgage rates are up over 3 percentage points from a year ago. The rate of increase in mortgage rates in 2022 has only been exceeded in the early 1980s.

10/05/2022

With home borrowing costs now more than double from what was seen last year, potential home buyers can now afford less of a house size.

Are home prices dipping in your area?

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight.

09/21/2022

Ray Dalio's investing advice right now: I would discourage market-timing. The most important thing you can do is have a well-balanced portfolio - not to market-time, but to diversify.

We may be in this volatility for the long haul. Many economists studying the markets have released information that they believe we will slide further into a

09/13/2022

Stock market wealth has fallen by $6 trillion from the first to the second quarter of this year.

The only thing that has remained is housing wealth which has risen by $1.2 trillion in the second quarter.

If you are a homeowner, it's time to look into your options for hedging against the current volatility.

One thing that can help you hedge against a recession is tapping into your home’s equity to ensure you have cash on hand as the economy declines. From the

08/25/2022

Mortgage rates are falling.

The MBA reports that homebuyer affordability improved in 47 states in July amidst lower mortgage rates and loan amounts.

We do loans in many states outside of California. If you are looking to make a move, we can help you.

Wednesday - August 24, 2022

08/24/2022

The biggest hurdle for buyers right now is affordability. Home prices have been climbing since the start of the pandemic, and the average rate on the 30-year fixed mortgage, which had hit historic lows in the first part of the pandemic, is nearly twice what it was at the start of this year.

Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs.