Mortgage Broker - Roseville California

MAC Real Estate Services ( Since 2003)

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Roseville, Sacramento Area

Desi Mortgage, Loan Broker Blog

Oct 10, 2023

Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years

CNBC; Mortgage interest rates just hit a level not seen since the year 2000. As a result, mortgage demand is now sitting near a 27-year low.

Total mortgage application volume fell 1.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 25.5% lower than the same week one year ago.

Read on CNBC

October 14, 2023

Housing Market Predictions For 2023: When Will Home Prices Be Affordable Again?

Though winter may still be months away, housing market activity—already cooling due to eye-popping home prices and interest rates—may be on the verge of a deep freeze.

The national average 30-year mortgage rate rose for the fifth week in a row to 7.57% in the second week of October, according to Freddie Mac.

Read on Forbes

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Oct14, 2023

Will Rates Go Down in November 2023? | Rates Forecast

Interest rates increased for the fifth week in a row, climbing to the highest point since December 2000...

Read on the Mortgage Reports

Oct17, 2023

By the Fannie Mae Home Price Index, the economists now expect U.S. home prices to grow by 6.7% on a year-over-year basis in the fourth quarter of 2023

Housing market predictions:Fannie Mae revises

2023 home price forecast upward

Read on Yahoo.com

Oct 24, 2023

State Farm is closing its doors to millions of new customers exposed to ‘rapidly growing’ catastrophes — here’s who’s affected

For homeowners in California, it will now be harder to find affordable coverage for their property. Without it, residents run the risk of losing everything in a fire. Owners that already have coverage are still protected, but State Farm won’t accept any new applications in California, it says.

But the problem extends beyond California. Disasters of all kinds have become more common and more destructive as rising temperatures across the world have caused the weather to become less stable.

Read on Yahoo