about a “penalty” that high FICO borrowers would have to pay on behalf of lower FICO borrowers. Initially, I was a little confused as to why all of the sudden interest in this topic from friends and family who typically have little interest in the mortgage industry aside from the occasional, “How’s business?” discussion.
at’s Stopping You from Selling Your Home? In the Palm Springs area, as with many of the United States, current homeowners are not listing their homes for sale for several reasons. Perhaps they fear the unknown market, and potential higher interest rates, or they just love their home and will own it forever. However, if and when someone lists a home, it usually has many showings and multiple offers within hours and days after listing.
FED Funds Raise Again by .75% this morning (September 21st) based on economic data over the last few months. You Can Still Buy a Home in Coachella Valley In Spite of Higher Interest Rates.
Demand remains relatively strong, and there is some evidence that inventory is gradually starting to thaw, but real estate faces many variables in the months ahead.