Mortgage California Blog

Mortgage Market Weekly Commentary

This week brings us the release of only three pieces of economic data that may influence mortgage rates in addition to the annual Jackson Hole Fed conference. There is nothing of importance set for Monday or Tuesday, but there is at least one event or report scheduled every other day of the week. Only one of the reports can be considered very important. As a result, it is likely that we will see the most movement in rates later in the week. July’s New Home Sales data is the first report of the week, coming Wednesday morning at 10:00 AM ET. This report will give us an indication of housin...

August 21st, 2017 Mortgage Market Weekly Commentary

Take Advantage of These Homeowner Tax Benefits

One of the most useful yet widely misunderstood benefits of homeownership is tax deductions. Tax deductions are a welcome gift from the government, but if you’re renting, they benefit your landlord, not you. Property tax deduction: Any money you paid during the year you purchase and in the years afterward to local state, county and city property tax assessors is tax deductible. Mortgage interest deduction: Your mortgage interest on both first and second liens is tax deductible. Any points you paid to obtain a lower interest rate are deductible. Private mortgage insurance payments are als...

August 17th, 2017 Take Advantage of These Homeowner Tax Benefits

If It Isn’t Broken...a Home Warranty Can Prepare for When It Is

You have been on both sides of a sale that required a home warranty as a condition of the deal moving forward. Typically, the focus is on the visible "big ticket" items that come up in an inspection: an older water heater, furnace or central air conditioning system that is/are nearing the end of its/their useful lifespan. But a home warranty covers so much more - and advising buyers on how they work and the benefits of continuing their coverage beyond the typical one year paid for by a seller is a value-added service in your favor. One policy to protect them all Heating, cooling, plumbing, ele...

August 16th, 2017 If It Isn’t Broken...a Home Warranty Can Prepare for When It Is

The Second Rule of Home Staging: Keep It Fresh

The overall goal of home staging is to make your home shine. After paring down to just the essentials, the next staging step is to give your home a light makeover to make it look – and feel – neat, fresh and pleasant. Buyers don’t expect everything to be new, but they don’t want to be turned off by worn items or unpleasant odors. A good rule of thumb to go by: If it looks old, worn or dirty, then clean or replace it. A clean, fresh-smelling, attractive home tends to sell. Read on for some budget-friendly ways to refresh each room in your home. Start With the Living Room...

August 16th, 2017 The Second Rule of Home Staging: Keep It Fresh

Mortgage Market Weekly Commentary

This week brings us the release of five pieces of monthly economic data with one being considered highly important. In addition to the economic data, the minutes from the last FOMC meeting will also be posted. There is nothing of relevance to mortgage rates scheduled for release Monday, so look for the stock markets to drive bond trading and mortgage rates until we get to the start of this week’s activities. The first piece of data will be will be July’s Retail Sales data at 8:30 AM ET Tuesday. This highly important report comes from the Commerce Department and will give us a measu...

August 14th, 2017 Mortgage Market Weekly Commentary

The Main Three Reasons Buyers Choose The Homes They Buy

If you think buyers will love your home because of the expensive staging, new roof, or the converted garage, you’ll be in for a surprise. It’s not the d?cor or the vast add-on that gets them to commit, although they may help. There are three top reasons a buyer chooses to buy a home — price, location and condition. Let’s start with Price. To choose the right asking price for your home, you need to know if your neighborhood is in a buyer’s market or seller’s market. A buyer’s market is characterized by large inventories of six months’ supply or hi...

August 10th, 2017 The Main Three Reasons Buyers Choose The Homes They Buy

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