California Platinum Loans

California Platinum Loans We deploy technology to find the right loan program at the most competitive rate for each client.

🏡💸 Mortgage Update Alert! As of March 26, 2024, the 30-year mortgage rate has inched up a bit to 7.13%, just a slight nu...
03/27/2024

🏡💸 Mortgage Update Alert! As of March 26, 2024, the 30-year mortgage rate has inched up a bit to 7.13%, just a slight nudge from the day before. Though it's a modest increase, it's important to stay informed on these shifts, especially if you're in the market. Rates for shorter terms also saw a slight rise. Let's keep an eye on these trends together!

While still down 32 basis points since March 15, the 30-year mortgage rate average started the week at 7.13%, 1 basis point higher than the prior business day.

03/26/2024

🌟 Breaking News: California's Statewide Housing Plan (SHP) is stepping up to address first-time homebuyers and homeownership disparities! 🏡💡 With a new focus on building wealth through homeownership, the recent stats are eye-opening: homeowners boast a median wealth of $305,000 compared to renters' $4,084. Yet, glaring wealth disparities exist among different racial groups. It's time for change!

Calif. Health and Safety Code §50426 Amended to add subsection (c) by AB 1620 Effective date: January 1, 2024

🏡💸 Big news for California homebuyers! The California Dream For All program is back, offering up to $150,000 in down-pay...
03/25/2024

🏡💸 Big news for California homebuyers! The California Dream For All program is back, offering up to $150,000 in down-payment assistance! But, there's a catch. If you sell your home, the state gets a piece of the profit. A small price for a big step towards homeownership? What do you think?

The support program is back, but homebuyers may be unaware they're losing a portion of their future profits in applying for help.

🏡🔑 Considering a government-backed mortgage? From FHA to VA to USDA loans, our latest blog breaks down what you need to ...
03/25/2024

🏡🔑 Considering a government-backed mortgage? From FHA to VA to USDA loans, our latest blog breaks down what you need to know to choose the right path to homeownership. Discover the benefits and find your fit!

For many prospective homeowners, navigating the complex landscape of mortgage options can be daunting. Government-backed loans like FHA, VA, and USDA offer paths to homeownership that might otherwise be out of reach. Understanding how these loans work is key to determining whether they align with yo...

📉 Great news for homebuyers and investors! Despite the Federal Reserve holding rates steady, mortgage rates have taken a...
03/23/2024

📉 Great news for homebuyers and investors! Despite the Federal Reserve holding rates steady, mortgage rates have taken a slight dip, thanks to the bond market's positive reaction to future rate cut projections. 🏠💡 Though the improvement is modest, it's a welcome shift for anyone looking to finance or refinance. Let's navigate these changing tides together!

The rate market was intently focused on today's announcement from the Federal Reserve.  While many news headlines emphasize the Fed "holding rates steady," but that's not what the bond market was focused on.  Because mortgage rates are determined by the bond marke...

🚨 Mortgage Rate Forecast Alert! 🏦🔮 Fannie Mae has updated its mortgage rates predictions, and it looks like we're settli...
03/23/2024

🚨 Mortgage Rate Forecast Alert! 🏦🔮 Fannie Mae has updated its mortgage rates predictions, and it looks like we're settling in for the long haul above 6% until at least 2025. While rates might gradually decline, they're expected to hover around 6% by the end of 2025. Planning your home purchase or sale? Let's strategize with these projections in mind! 💡🏡

Fannie Mae now says mortgage rates will stay above 6% through 2025, after predicting last month that the average 30-year fixed mortgage would drop below 6% by the end of this year.

🏠 Mortgage Alert: Rates Nearing 7%! 📈 Last week saw a jump in 30-year fixed mortgage rates to 6.97%, causing a slight di...
03/22/2024

🏠 Mortgage Alert: Rates Nearing 7%! 📈 Last week saw a jump in 30-year fixed mortgage rates to 6.97%, causing a slight dip in home purchase applications. While we've seen a decrease from the October peak, rates are still notably higher than in 2021. Optimism remains for a mid-year shift, with potential rate reductions by the Fed sparking hopes for a housing market boost. 🌟 Stay informed and prepare for the changing tide.

When the Fed begins lowering rates, possibly in mid-year, that’s expected to boost demand across the housing market.

🏡 California Real Estate Alert! Despite the rollercoaster of mortgage rates, California’s housing market is showing incr...
03/22/2024

🏡 California Real Estate Alert! Despite the rollercoaster of mortgage rates, California’s housing market is showing incredible resilience! February sales hit a seasonally adjusted annualized rate of 290,020 - the highest since September 2022. Median home prices also rose to $806,490, marking a 9.7% increase from last year. It's a testament to the strength and desirability of California living! 🌟💼

Despite a recent uptick in mortgage rates, California's housing market continued to demonstrate resilience in February, reaching sales levels not seen since September 2022, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

🌸 Spring 2024 Housing Market Alert 🏡 This week's Federal Reserve meeting could be a game-changer! With the 10-year yield...
03/22/2024

🌸 Spring 2024 Housing Market Alert 🏡 This week's Federal Reserve meeting could be a game-changer! With the 10-year yield at a crucial point, similar to last year, we're on the edge of our seats. Will history repeat itself with another hawkish move by the Fed? Stay tuned as we navigate these pivotal moments in real estate.

This week all the balls are in the Federal Reserve’s court. I believe it is in the Fed’s interest to keep existing home sales depressed.

🏠✋ Are you making these 5 mortgage mistakes without even knowing it? Avoid these common blunders to keep your home-buyin...
03/22/2024

🏠✋ Are you making these 5 mortgage mistakes without even knowing it? Avoid these common blunders to keep your home-buying journey on track. Our latest blog has all the details you need to stay informed. Check it out!

Securing a mortgage is an essential step in buying a home, yet it's fraught with potential pitfalls that can hinder your aspirations of homeownership. Particularly in the robust California market, where every small advantage counts, it's essential to approach your mortgage application process withou...

🏡 Big News for Investors! Starting Jan. 1, 2024, for Fannie Mae and April 1, 2024, for Freddie Mac, changes are rolling ...
03/20/2024

🏡 Big News for Investors! Starting Jan. 1, 2024, for Fannie Mae and April 1, 2024, for Freddie Mac, changes are rolling out for qualifying investment properties. 🗓️ Navigating these adjustments, including stricter proof requirements for using leases, could be tricky. Stay informed and prepared to adapt to these new guidelines.

Change is a word we are getting all too familiar with. So, what is the skinny on the upcoming changes? Some of the changes are positive and some are negative. The challenge is in the fact that, once again, Fannie Mae and Freddie Mac do not fully align.

🏡 Great news for homebuyers! 📉 Mortgage rates have dropped again, with the 30-year fixed-rate now at 6.74%. Plus, home p...
03/20/2024

🏡 Great news for homebuyers! 📉 Mortgage rates have dropped again, with the 30-year fixed-rate now at 6.74%. Plus, home prices are also seeing a decline. Could this be the start of a new, more sustainable trend in the housing market? Stay tuned as we navigate these changing tides together.

The average rate for a 30-year fixed home loan ticked down from 6.88% to 6.74% for the...

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