Happy Fathers Day!
ather, have a Father, are a Grandfather, let’s say “Thank You” for everything you do! Happy Fathers Day!!
Posts Tagged ‘living in La Quinta’
Flag Day in the Desert
Quinta City website about caring for our United States Flag. With the upcoming celebrations like Flag Day on June 14th and the 4th of July, it’s always good to remember how we should care for the United States Flag.
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!
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...
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.
Let’s Stop the Madness!!
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.
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.
Retired and Purchasing a Home in the Desert?
Retired and Purchasing a Home in the Desert? Did you know that there are several solutions for borrowing money for a mortgage, even if you are retired? Our preferred lender, Dean Rathbun with United American Mortgage, works in this arena often so I checked with him how he does it: