Mortgage Rates

The Fed raised rates. So what?

rate hike

The Federal Reserve announced its widely-expected .25% rate hike today. Does this mean mortgage rates will go up? Actually, no; in fact, mortgage rates improved a bit today, as they have been doing consistently Since November 13. To make sense of this, you should first know that the Federal Reserve (specifically the Fed Open Market…

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What's going on with rates?

If you’ve been keeping an eye on mortgage rates, you are aware that they have been going up quite consistently. To get broad picture, you should know that mortgage rates respond directly to the price of Mortgage Backed Securities (MBS). These are the pools of mortgages purchased by investors like Fannie Mae and Freddie Mac.…

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"Brexit"–and what it means to mortgage rates today

You have probably heard about the important vote in the United Kingdom: Britain will leave the European Union. What you may not know is the effect an event in Europe could have on you here in California. How “Brexit” affects you The results of Thursday’s election in the UK has roiled financial markets all over…

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Mortgage Rates–the real story

If you own a home today, you are almost certainly being subjected to an avalanche of direct mail urging you to refinance your mortgage. Ads on the radio and TV are in your face constantly, making the same pitch. If you’re like most people, you tune them out. Now may be the time to act.…

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Joseph M. Parsons NMLS #230285
Pinnacle Capital Mortgage,
a division of Finance of America, LLC

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