Brett O'Keefe REMAX Estate Properties

10/25/2022

10/05/2020

Always Useful Macro Economic Summary From The Federal Reserve September 3, 2020

Daniel Wilson, vice president at the Federal Reserve Bank of San Francisco, stated his views on the current economy and the outlook as of September 3, 2020.

05/05/2020

Brett O'Keefe of RE/MAX Estate Properties, is committed to providing the best real estate services, including listing Manhattan Beach homes for sale and full home search for buyers and sellers in Manhattan Beach and the surrounding areas.

03/12/2020

Federal Reserve Action Update!

The Federal Reserve chose to lower short-term interest rates by 0.5% earlier this week in response to growing fear over the knock-on effect the spread of the virus will have on the economy. Fed officials have said that while no cut can fully soothe worries, it’s meant to support continued growth. While not directly related, short-term rates being lower does help boost the chance for lower longer-term rates for things like mortgages.

The stock market has gone up over the past couple of days, and this may certainly stimulate the housing market, so it’s something to keep an eye on.

Mortgage Rates

Due to coronavirus concerns that have money flooding the bond market and the Fed subsequently cutting short-term interest rates, mortgage rates have quite literally never been lower. This is a great message to spread to your clients.

According to Freddie Mac survey data, the average interest rate on a 30-year fixed mortgage with 0.7 points paid in fees was down a whopping 16 basis points last week to 3.29%. This has fallen from 4.41% a year ago.

The average interest rate on a 15-year fixed mortgage fell the same amount to 2.79% with 0.7 points paid. Last year at the same time, the rate was 3.83%.

Finally, the average interest rate on a 5-year treasury-indexed, hybrid adjustable rate mortgage with 0.2 points paid fell a couple of basis points to 3.18%. This was down from 3.87% last year.

It’s a great time to get a mortgage and the economy remains strong. Spread the news!

01/28/2020

Video Sharing Company Just the Latest Among Tech, Media Firms Filling Culver City Offices

07/24/2019

Leading Market Share Volume In Palos Verdes :)

04/12/2019

https://www.nytimes.com/2019/04/04/realestate/the-best-time-to-list-your-home.html

If you live in one of the cities listed here? Right now.

03/22/2019

https://beaconecon.com/publications/regional-outlook/regional-outlook-los-angeles/

Welcome to The Regional Outlook, a forecast for five of California’s largest regional economies. Each quarter, find updated analysis that goes beyond the state and national level to present a snapshot of employment, home prices, consumer spending, personal income, and other leading economic indica...

01/23/2019

https://spechtarchitects.com/work/new-canaan-residence/

This home, nestled into a clearing in a lush forested landscape, was designed to be simple, elegant, and comfortable, while fully engaging its beautiful and complex site. A winding drive brings you through the trees to arrive at an open hilltop court that is embraced by the long, low form of the hou...

01/22/2019

Brett O'Keefe - Associate Broker, MBA