In the September Federal Reserve meeting that finished yesterday, the Federal Reserve cut its benchmark interest rate by 0.50 percentage points vs .25 as originally planned. This makes the first rate cut in 4 years. This shift is expected to eventually lower borrowing costs across various consumer loans, including mortgages, auto loans, and credit cards but first lowers commercial lending rates.
Big Day For The Federal Reserve, the Stock Market and Interest Rates…
The Big Question…Will They or Wont They? What will the Federal Reserve do or say at the conclusion of today’s big fed meeting? Were waiting on Pins and Needles!
Its been almost 2 years where the Federal Reserve has aggressively increased rates to control inflation which is finally at 2.5% from 6.5% to 7% several years ago.
The Fed
Due Diligence for Office Tenant Representatives: Safeguarding Your Office Tenant Clients’ Interests
In the challenging world of office properties, especially post COVID-19, office tenant representatives play a crucial role in ensuring that their office tenant clients secure the best and most appropriate leases for their needs. One of the most critical responsibilities for office tenant reps is conducting rigorous due diligence. This process involves a series of investigations and considerations of the
So What Does a Interest Rate Cut Mean to You?
We now know now due the recent report released by Fed Chairman Powell, the Federal Reserve intends to drop the Federal Fund rate which will lower commercial lending rates (ie: the prime rate) in September if the economy continues to slow.
This will stimulate the economy by lowering the cost of commercial lending that businesses use to acquire property
Seize the Moment: Why Waiting for the Fed to Drop Rates Could Cost You
In the world of mortgages, timing is often seen as everything. Many homeowners are currently sitting on the sidelines, waiting for the Federal Reserve to lower interest rates before refinancing. But is this really the best strategy? Let’s explore why waiting for the Fed to act might mean missing out on significant benefits that refinancing can offer right now.
The
Rates Finally Go Lower!
It’s been over 20 months since interest rates started climbing making it one of the worst lending climates in US history in over 30+ years even when you include the recession of 2008.
In January of 2023 we had over 200,000 licensed loan officers in the United States and in 12 months, we lost almost half of that number due
The Housing Market is on the Move…
Back in March of this year, we provided a report that shows where housing inventory was on the peninsula, south bay and Santa Cruz area. This month we have updated this report for your review.
As you may know housing inventory locally or abroad considers several factors that includes:
- Cost of Money (Interest rates staying high due to inflation &
Happy 4th of July
As we come upon July 4, Independence Day, we tend to forget what the meaning of this great day and what sacrifices have been made that allow for our great way of life. This day is deeply symbolic of American values that include freedom, democracy, and patriotism. Here is a closer look and something to reflect on…
Freedom…
Independence Day
How to Choose a Lender?
When choosing between an experienced loan officer who provides great service and competitive rates versus a lender with the lowest rates but lacking in service and experience, the decision hinges on several key factors:
Purchase Loan
For a purchase loan, the stakes are often higher due to deadlines and the complexity of the transaction. Here’s why an experienced loan officer
Renting vs. Owning…A Cost Analysis
Renting a home can often be more expensive than owning a home in the long term due to several financial benefits associated with home ownership especially if the home is sold after 10 years.
Let’s break down the key factors to illustrate why this might be the case:
Assumptions…
Appreciation Schedule
Assuming a 7% annual appreciation rate over the last