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Mortgage Interest rates expected to rise slightly
Mortgage interest rates for buying a home on the Palos Verdes Peninsula are expected to rise slightly next week ending 6/13/2020. The following are excerpts from the newsletter on interest rates published by HSH Associates : " Months and years from now, it will probably become very clear that April 2020 was the absolute depth of the COVID-19 pandemic recession. That's not to say that we've moved to a place of recovery, or that nascent "green shoots" are necessarily a harbinger of a swift return to a fully-fledged economy; we haven't, [...]
Mortgage interest rates hit record low for week ending 5/29/2020
Mortgage interest rates for buying a home on the Palos Verdes Peninsula declined this week ending 5/22/2020 to record new lows. The following are excerpts from the newsletter on interest rates published by HSH Associates : "Mortgage rates set new "all-time" lows again this week, and having written it several times already, the headline above or one similar to it is one we'll likely be writing with some regularity in the coming weeks and months. If you think about it, low rates are a blessing as a result of a curse. [...]
Best Restaurants on the Palos Verdes Peninsula
The Palos Verdes Peninsula has some of the finest restaurants in the South Bay, some with incredible ocean views. They include a very diverse range of cuisine including Italian, American comfort food, Mexican, Steak and Seafood houses, new American, Chinese, Sushi, and Thai cuisine. Check out our favorite restaurants on the Peninsula Nelson’s – Bar and casual food restaurant located in the Terranea Resort on the ocean in Rancho Palos Verdes. Named for the classic character Mike Nelson (Lloyd Bridges) in the TV series “Sea Hunt'' which was filmed at the [...]
The Best Palos Verdes Hiking Trails
The Palos Verdes hiking trails offer some of the best experiences for hikers in all of Southern California. The Peninsula was underwater eons ago, and as it rose out of the ocean a terraced landscape was created with tall hillsides with magnificent city and ocean views. The developers of the equestrian cities of Rolling Hills Estates and Rolling Hills, the master planned community of Palos Verdes Estates and the city of Rancho Palos Verdes had the foresight to set aside parklands in their natural state for the many future generations to [...]
Mortgage interest rates decline slightly for the week ending 5/22/2020
Mortgage interest rates for buying a home on the Palos Verdes Peninsula declined this week ending 5/22/2020. The following are excerpts from the newsletter on interest rates published by HSH Associates" "There was considerable refinance activity in place before the COVID-19 shutdowns happened. There was enough, in fact, to rather overwhelm mortgage lenders and cause some to even price defensively as to meter inbound business. That was late February and March; since then, refi activity has waned, but of late, purchase activity has ticked higher, or at least that seems to [...]
Tips for Selling Your Home During Covid-19
When preparing the marketing approach for selling your home during COVID pandemic, there are a few things you can do to minimize your health risks while improving your chances of a sale. We recommend preparing a virtual tour of the home on the property's exclusive website as well as the MLS listing to limit the number of home visits by potential buyers. If the seller is uncomfortable showing their home, buyers are increasingly willing to submit an offer subject to the buyers inspection within a few days after the offer is [...]
Lending Standards have not tightened for all Lenders
The following are excerpts from the weekly interest rate newsletter published by HSH.com : "In terms of consumer borrowing, the good news of sorts is that while banks have tightened lending conditions broadly or even significantly in some cases that this has happened at a minority of banks. For example, the latest Senior Loan Officer Opinion Survey from the Federal Reserve revealed that 38% of banks responding tightened terms and conditions for credit card accounts, up from 13.6% in the fourth quarter, while 16% of banks making auto loans tightened and [...]
Covid-19 impact on South Bay and Palos Verdes Real Estate Markets
The Covid-19 virus Pandemic has affected us all tremendously.The statistics for the real estate markets in the South Bay and Palos Verdes Peninsula for the first quarter of 2020 seem to indicate that the residential markets were not significantly affected by the Covid-19 virus but this was due to the fact that March sales were transactions put under contract in January and February.before the shelter in place order was issued. After the mid-March stay at home order, however, the real estate markets have significantly changed. The number of active buyers has [...]
Mortgage Interest rates decline for the week ending 11/1/19
Mortgage interest rates for buying a home on the Palos Verdes Peninsula declined this week ending 11/1/19. The following are excerpts from the newsletter on interest rates published by HSH Associates "Citing again "the implications of global developments for the economic outlook as well as muted inflation pressures", and that "uncertainties about this outlook" for continued modest economic growth remain, the Federal Reserve cut interest rates for a third time in three months, lowering the federal funds target rate to 1.5% to 1.75%, a level last seen back in March 2018.With [...]
Mortgage Interest rates decline for the week ending 10/12/19
Mortgage interest rates for buying a home on the Palos Verdes Peninsula declined this week ending 10/12/19. The following are excerpts from the newsletter on interest rates published by HSH Associates : " Over the last few weeks, there certainly have been plenty of items to inject various forms of risk into financial markets. Aside from those we already knew, including poor global growth, weak inflation and an ever-fractious Brexit process, new items to add to the pile include a presidential impeachment inquiry, a new North Korean missile tactic and the imposition [...]
Mortgage interest rates ticked up this week ending 9/20/19/19
Mortgage interest rates for buying a home on the Palos Verdes Peninsula ticked up this week ending 9/20/19/19. The following are excerpts from the newsletter on interest rates published by HSH Associates : " As expected, the Federal Reserve cuts its key short-term benchmark rate by 25 basis points, leaving the federal funds rate in a range of 1.75% to 2 percent. The move was widely anticipated by markets, and so there was no specific associated reaction by stocks or bonds.This week, mortgage rates ticked rather higher, with the 30-year FRM as [...]
Interest rates remain steady for week ending 9/6//19
Mortgage interest rates for buying a home on the Palos Verdes Peninsula remained essentially unchanged this week ending 9/6/19/19. The following are excerpts from the newsletter on interest rates published by HSH Associates : "There's a little bit more important data due out before the Fed meets on September 18 and 19. At the moment, odds are spot on that a quarter-percentage point decrease in the federal funds rate will come, and given the global situation that seems likely. We did wonder a few weeks back if the Fed might start [...]
Interest rates Inch downward the week of 8/24/19
Mortgage interest rates for buying a home on the Palos Verdes Peninsula decreased slightly this week ending 8/24/19. The following are excerpts from the newsletter on interest rates published by HSH Associates : After generally firming all week until the early Friday announcement by China (and subsequent retaliation to the retaliation by president Trump late Friday), the underlying yields that influence mortgage rates moved sharply lower on Friday. Unlike U.S. Treasuries (and other sovereign bonds) mortgage bonds haven't nearly attracted the same level of interest from investors. That will likely continue [...]
Mortgage Interest rates decline slightly-Week ending 8/16/19
Mortgage interest rates for buying a home on the Palos Verdes Peninsula decreased slightly this week ending 8/16/19. The following are excerpts from the newsletter on interest rates published by HSH Associates : " The spillover from slowing major economies and the uncertainty injected into the global outlook from the U.S.-China trade and tariff war spooked the markets anew this week, and at one point, a "classic" sign of an impending recession saw a stampede out of stocks and into sovereign bonds, driving yields down further, and in some cases to record [...]
Mortgage rates decrease significantly
Mortgage interest rates for buying a home on the Palos Verdes Peninsula decreased significantly this week ending 8/9/19. The following are excerpts from the newsletter on interest rates published by HSH Associates : " Increasing concerns about the fragility of global economic growth continue to press interest rates down across the globe, with mortgage rates among them. The mortgage-rate retreat this week left the average offered rate for a conforming 30-year Fixed Rate Mortgage a little more than a stone's throw the then 60-plus year low for the benchmark U.S. mortgage seen [...]