Will blockchain technology save the mortgage industry billions of dollars?

Will blockchain technology save the mortgage industry billions of dollars?

Blockchain technology is being touted as a mortgage game changer. Everything from paperless mortgages, no salespeople, no commissions and crowdfunding your next mortgage on the blockchain is the latest media rage. (more…)

Current Mortgage Rates for Tuesday April 10, 2018

Current Mortgage Rates for Tuesday April 10, 2018

Current mortgage rates at some of the nation’s top lenders for this Tuesday are mostly mixed with rates staying the same or slightly on the rise. The national average for the 30 year fixed mortgage rate is 4.45% and the average rate for the 15-year mortgage is 3.91%. (more…)

San Diego Housing Supply Shortages Causing Slowdown in Homebuyer Activity

San Diego Housing Supply Shortages Causing Slowdown in Homebuyer Activity

Housing demand in San Diego, California dropped approximately 19% month over month to 119 in February, according to the latest Index report released this week from Redfin.

The fall in demand was due to the lack of supply of homes currently available for sale.

I released the National Index from Redfin which showed a 14.1% month over month – the lowest level of homebuyer demand in 11 months.

Ongoing Housing Supply Shortages Causing Slowdown in Homebuyer Activity

Ongoing Housing Supply Shortages Causing Slowdown in Homebuyer Activity

Housing demand dropped 14.1% month over month to 110 in February, according to the latest Index report released this week from the Seattle based online real estate brokerage, Redfin.

Redfin stated that this represents the lowest level of homebuyer demand in 11 months and the largest month-over-month decline on record for the Demand Index, going back to January 2013. (more…)