June Newsletter
missed it or have not joined my mailing list, click the link below to read the latest market news, real estate market, and what is going on in the Desert. Enjoy!
Life in the Desert
It’s HOT in the Desert!
It’s HOT in the Desert! And since we’re headed into the hottest months of the year, it’s time to remind ourselves to be aware of our energy usage – the costs and possible planned outages.
Is it Time to Upgrade Your Home in the Desert?
Is it Time to Upgrade Your Home in the Desert? We all know the real estate market has been slow for some time in Coachella Valley, and you may have decided to wait to list your home. Should you do some Home Upgrades in the meantime?
La Quinta & Palm Springs Area Real Estate Market
about a possible government default have had negative effects on both interest rates and consumer sentiment and are directly impacting the housing market. While new home sales continued to improve as tight supply remained an issue in the existing housing market, demand could dip in the short term as rates remain elevated. With consumer spending staying solid and inflation not easing in the latest reading, the housing market could face additional headwinds as the Fed contemplate on having another rate hike in their June meeting.
Figuring Portion-size When Planning Your Party
Figuring Portion-size When Planning Your Party. When planning a party or other fun gathering, figuring out the portions can be a “guess and by-golly,” many times, it’s either too much, or you run out. Either one is not exactly what y...
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.
