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Mortgage interest rates for buying a home on the Palos Verdes Peninsula remained steady near  record lows this week for conforming loans but remain higher to jumbo loans . The following are excerpts from the newsletter on interest rates published by HSH Associates: "The light calendar of economic data out this week didn't have much to sway investors in one way or the other, so interest rates remained pretty flat along with major stock indexes slightly soggy over the last few days. Applications for mortgage credit settled back by 1.2% in [...]

RE/MAX Estate Properties has just released the New South Bay and Palos Verdes Peninsula November 2020 monthly real estate market reports. See the following links: Market Intelligence Reports Nov 2020 South Bay Market Intelligence Reports Nov 2020_Palos Verdes Peninsula  These reports show a continuing very strong real estate market in the entire South Bay with increasing prices and low inventory of homes. For  the real estate market report for the South Bay and Palos Verdes Peninsula for the third quarter of 2020 go to Market Reports  

Mortgage interest rates for buying a home on the Palos Verdes Peninsula remained steady near  record lows this week for conforming loans but remain higher to jumbo loans . The following are excerpts from the newsletter on interest rates published by HSH Associates: "After an unprecedented decline in the second quarter of 2020, the economy rebounded in record fashion in the third quarter. You would expect to see these kinds of swings when you move from a nearly completely shut period to one that is nearly completely open, but even with [...]

Mortgage interest rates for buying a home on the Palos Verdes Peninsula remained steady at  record lows this week for conforming loans but remain higher to jumbo loans . The following are excerpts from the newsletter on interest rates published by HSH Associates: "Overall applications for mortgage credit eased this week by 0.6%, refi activity edged 0.2% higher and is running about 74% above year-ago levels (not surprising when you consider that mortgage rates are about one percentage point lower now than then). However, applications for purchase-money mortgages have been rather [...]

Mortgage interest rates for buying a home on the Palos Verdes Peninsula remained steady at  record lows this week for conforming loans but remain higher to jumbo loans . The following are excerpts from the newsletter on interest rates published by HSH Associates: "With regard to mortgage rates, the landscape here has been very flat. The economy is performing about as well as it can, the Federal Reserve is doing virtually all it can or needs to do, and Congress is still undecided about the scope of new stimulus. With this [...]

Mortgage interest rates for buying a home on the Palos Verdes Peninsula reached new  record lows this week for conforming loans but remain higher to jumbo loans . The following are excerpts from the newsletter on interest rates published by HSH Associates: " In a more normal world, news that the economy was beginning to perform better and inflation firming after a lull would be key components in lifting bond yields and mortgage rates. However, in the context of a Federal Reserve exhibiting a new tolerance for inflation and with monetary policy [...]

Mortgage interest rates for buying a home on the Palos Verdes Peninsula remained steady near record lows this week for conforming loans but remain higher to jumbo loans . The following are excerpts from the newsletter on interest rates published by HSH Associates: "Like the economy, mortgage rates seem to have flattened out of late, holding at levels just below the 3 percent mark for the last 6 weeks (and 7 of the last 8). Despite this, demand for new mortgage credit has also flagged, and the Mortgage Bankers Association reported [...]

Mortgage interest rates for buying a home on the Palos Verdes Peninsula remained steady near record lows this week for conforming loans but remain higher to jumbo loans . The following are excerpts from the newsletter on interest rates published by HSH Associates "The resiliency of the housing market coming out of the pandemic lockdown is on full display this week, and we'll probably see a little bit more of that next week, too. Leading up to the pandemic, low and still-falling mortgage rates had already been driving demand into the [...]

Mortgage interest rates for buying a home on the Palos Verdes Peninsula declined to new record lows this week for conforming loans but remain higher to jumbo loans . The following are excerpts from the newsletter on interest rates published by HSH Associates : "Mortgage rates moved to new record lows again this week, but low and even falling rates don't seem to be attracting as much attention as you would think they would. In the week ending July 31, applications for mortgage credit declined by 5.1%, noted the Mortgage Bankers [...]

Mortgage interest rates for buying a home on the Palos Verdes Peninsula declined to new record lows this week for conforming loans but remain higher to jumbo loans . The following are excerpts from the newsletter on interest rates published by HSH Associates : "After flirting with the 3% mark for a number of weeks, mortgage rates finally eased enough to drop into the upper two percent range for the first time. To be most accurate, it is the average offered rate for a conforming 30-year fixed-rate mortgage as tracked by [...]

Mortgage interest rates for buying a home on the Palos Verdes Peninsula are expected to decline slightly next week . The following are excerpts from the newsletter on interest rates published by HSH Associates : "While people looking to buy houses have been in the market for much of the spring despite challenges, homeowners really haven't much paid attention to opportunities to refinance. That was, at least until the week ending June 5; overall applications for new mortgages rose 9.3%, according to the Mortgage Bankers Association, where a two-month string of [...]