Life in the Desert
Good Interest Rates and Homebuying Financing
Good Interest Rates and Homebuying Financing options for buyers who qualify and are interested in using a Jumbo Loan to purchase their home. Rates have jumped quite a bit this week as the 10-year Treasury has now cleared over 3.701% at tim...
May is “National Home Improvement Month.”
May is “National Home Improvement Month.” And what better way to celebrate than to find the Joy Levels in home remodeling projects?
The National REALTOR Association recently sent out a study of the costs of home remodeling projects vs Joy-specific home remodeling projects bring.
A Word from Dean Rathbun
A Word from , Dean Rathbun with United American Mortgage : Rates are up again this week (April 21st, 2023) and I am now baffled. Yields continue to push up as the debate goes back and forth on the FED’s next move in May. When I did my first loan back in 1988 there was no such thing as 0 point loans. 1 or even 2 points were the common costs paid by consumers when closing a loan and analyzing their interest rate options. This is coming back now as the secondary markets have stopped paying up for mortgages with zero points. Why?…The mortgage markets are keenly aware that the majority of loans being done now will be refinanced soon rates come back down…which is heavily anticipated to happen within the next 2 years or less. When that happens the servicing companies incur what is called a “run-off” where the loans are paid off and refinanced. That makes the value of the mortgages less today since they will not have the interest being earned for a very long period of time.
Real Estate News in Brief
Real Estate News in Brief – Existing home sales jumped in February, the first increase in 13 months, as buyers took advantage of 30-yr rates that were briefly near 6% in January. An inflation-focused Fed raised rates for the 9th-straight time, but suggested a pause from here is possible.
Planning on Retiring and Moving to the Desert?
Planning on Retiring and Moving to the Desert? It’s that time in your life when you retire and look for a fun (and possibly warm) place to spend your retirement years. You’re still very active and enjoy golfing, pickleball, fine dining, the theater, and friends – lots and lots of friends.
Filing Your 2022 Returns, Do You Have Everything?
Filing Your 2023 Returns, Do You Have Everything? Gathering information to file your taxes can be daunting. However, you want to make sure you find everything, so you don’t miss a deduction or have to run and find it later.
Do you use Vrbo to lease your home in the Desert?
Do you use Vrbo to lease your home in the Desert? There are rules in place throughout the Desert regulating the renting your home out to big parties and Vrbo has implemented a measure to make it easier for you to get out of their contract if they notice a potential for a disruptive party booking.
Dog-Friendly Hikes in Greater Palm Springs
Dog-Friendly Hikes in Greater Palm Springs. While local Dog Parks are fun to take your dogs to in the Desert, you may want to take them with you hiking the trails in the Greater Palm Springs area. Here are some great dog-friendly hiking trails.