Mortgage Quick Facts – Federal Reserve Bank

Posted Leave a commentPosted in Financing

Let’s start by clearing up a common mis-perception. The Federal Reserve Bank (Fed) doesn’t set mortgage rates. Mortgage rates are set on Wall Street. So. how does the Fed impact mortgage rates? The Federal Open Market Committee (FOMC) is a rotating, 12 person sub-committee within the Fed. The FOMC meets eight times annually, plus as […]

Monthly Market Direction – December 2017

Posted Leave a commentPosted in Buying a new (to you) home., Market Direction, Sales Data, Selling your home.

To give you the most current information, we personally chart sales activity in the LA South Bay.  This hyper-local information often involves very small numbers of sales to work with on a monthly basis. This December 2017 chart shows the daily changes in the number of homes available in blue, and the trend line in […]

Swedish Meatballs

Posted Leave a commentPosted in Recipes

The cold weather is here and it’s time for comfort food. Whether you’re cooking a cozy dinner for two, or preparing for a neighborhood pot luck, these Swedish Meatballs will make you a star! Meatballs 2 Tbsp butter 1 large yellow or white onion, peeled, grated or finely diced 2/3 cup milk 4-5 slices of […]

Mortgage Quick Facts – 1

Posted Leave a commentPosted in Financing

Did you ever wonder where the money comes from to make mortgage loans? Or, how the interest rates are determined? As complex as lending can become, most of the time it’s pretty straight-forward. When the systems are operating as designed, it works as follows. And the money goes round & round The Federal National Mortgage […]

Climate Change Beach Warning

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For several years we have been hearing about rising sea levels and the loss of oceanfront land as a result. Living at the beach, we’re obviously concerned about the flooding potential for multi-million dollar Strand properties, our local harbors, and Catalina Island. To our surprise and delight, the rising ocean levels have both negative and […]