Jolley Real Estate

04/16/2026

Rates are slowly coming back down!

Key takeawaysMortgage rates fell for a second straight week, with the 30-year fixed-rate averaging 6.3% and the 15-year at 5.65%, according to Freddie

04/01/2026

Yes, it's hard to have enthusiasm about getting qualified when the interest rates just jumped so high! Even though we are all frustrated, I don't see these rates lasting for as long as in recent past years. Can't wait for things to turnaround and % to gently go back down!

Key takeawaysMortgage demand fell sharply for a third straight week, with total applications down 10.4%, according to the Mortgage Bankers

03/18/2026

Unfortunately, mortgage rates are currently heading in the wrong direction! Hoping this turns around soon...

Key takeawaysMortgage demand fell 10.9% last week, driven by a sharp drop in refinance applications as mortgage rates briefly jumped to a seven‑month

03/09/2026

New reporting rules are in effect for real estate...

Starting March 1, 2026, FinCEN requires federal reporting for certain all-cash residential real estate transactions involving entities and trusts. Learn what Realtors, buyers, and sellers need to know about the new nationwide rule.

03/02/2026

Good to know!
https://www.facebook.com/100065479689745/posts/1293128969546414/?sfnsn=mo&mibextid=VhDh1V

03/02/2026

New federal reporting requirements for escrows-- just something for everyone to be aware of, moving forward...

02/26/2026

Dream for All Program is open again! Ginny Richards NMLS 330735, Sr Loan Officer has great information. Please let me know if you have questions!

Ginny wanted to share details on the upcoming CalHFA Dream For All Shared Appreciation Loan Program. This is a powerful opportunity for first-time, first-generation homebuyers, and based on prior rounds, funding is expected to run out very quickly. I’ve attached a co-branded flyer for you to share with your customers, and I have highlighted a few key takeaways below.

Program Highlights

Borrowers may borrow up to 20% of the purchase price, not to exceed $150,000, toward down payment and closing costs.
CalHFA anticipates allocating $150–$200 million for this round. (The previous round was fully committed in a little over one week.)
This program will use a randomized selection process to select Dream For All applicants
Buyers must be fully preapproved by a lender
Buyers must register on the CalHFA portal by March 16
The portal opens February 24
Conventional loans only (no FHA/VA/USDA).
Credit, Income & Qualification

First-time homebuyer AND at least one borrower must meet the definition of a first-generation homebuyer required (definition per CalHFA handbook—see definition below).
Maximum income for Mendocino & Lake Counties: $148,000.
Combined Loan-to -value (CLTV) must be between 95% to 105%
Credit score requirements:
680 for borrowers with income greater than 80% of the AMI limit (Area Median Income
660 minimum for borrowers with income less than or equal to 80% of the AMI
(80% AMI for Mendocino & Lake Counties is $75,120)
Maximum DTI:
50% for borrowers with credit scores greater than or equal to 700
45% for borrowers with credit scores credit scores less than 700
Additional Notes

Homebuyer education is required (two approved classes are required).
Interest rates have been published; they are competitive and often at or below market.
This is a shared appreciation loan. For borrowers above 80% AMI the shared appreciation is up to 20% of the home price appreciation. For borrowers with income less than or equal to 80% AMI the shared appreciation is up to 15% of the home price appreciation
Shared appreciation repayment is capped at 2.5x the original Dream For All loan amount.
If you have buyers who may be a good fit, timing and preparation will be critical. I’m happy to review scenarios, preapprove buyers, or answer any questions you or your clients may have.

02/07/2026

Now come the limitations on vacation rentals in Mendocino County...

MENDOCINO CO., 2/6/26 — At a Mendocino County Board of Supervisors meeting Tuesday, county staff and supervisors debated an ordinance that would put restri

01/28/2026

This is why general information about the real estate market is interesting to read, but does not cover specific areas and their local economies. Here is a specific economic condition that Las Vegas is facing, which can affect their housing market-- and perhaps make little impact to other areas of Nevada. The same can be said for California, so the next time you see news about how the "market" is doing, look to see which markets and where they are taking their data from...

Experts have warned that Vegas could see a drop in the number of visitors from Europe, but what does that mean for house prices?

01/25/2026

It's great that our community has educational programs like this!

The School Of Adaptive Agriculture’s 2026 Farm School Program By Monica Huettl on January 25, 2026 Katherine Flink in the kitchen (courtesy of School of Adaptive Agriculture) On January 13, Program Coordinator Katherine Flink presented an online overview of the School of Adaptive Agriculture’s 2...