Jeff Milat Loans

10/16/2024

Closed a few days ago on this purchase for my clients Paul and Gwen. They bought this cool bungalow on west side of LA. 2 years of searching and writing offers. It was quite a journey, but we never gave up! Congrats to Paul and Gwen!!

10/15/2024

Funded and closed today on this great home in Arroyo Grande, CA, on the spectacular Central Coast. It was great to work with my great friend Rich for a fourth time. Congrats to everyone! Dang, I want one!!

10/15/2024

This is crazy. A high school quarterback threw for 8 touchdowns and 817 yards in an overtime game.... and still lost! Final score 77-76... insane...

Class of 2027 QB Peyton Houston comes within yards of breaking an unreal single-game passing record in high school football history.

09/14/2024

Mortgage rates have come down over 1.50% since May, but home prices are still expected to increase. The lower interest rates are bringing more buyers into a market that does not have enough homes for sale.

Lower mortgage rates are bringing back buyers, which would likely drive up home prices, real estate experts say.

08/13/2024

Big storm is hitting us with rain and thunder and lightning in SW Missouri!!

07/02/2024

OMG this is too funny!!

07/02/2024

There is nothing like the world famous ( locally ) Stevenson Ranch Stairs to make me realize I need to be in better shape...very humbling 🤣🤣

06/28/2024

The PCE, Personal Consumption Expenditures index of inflation, came in as expected, at 2.6% inflation year over year. Month over month was almost unchanged. Bond and mortgage yields are slightly lower on the news, since the tame inflation data increases the chances of the Federal Reserve Board cutting short term rates later this year.

Today, the Federal Reserve's preferred inflation measure showed a further slow down and we will get additional insight on consumer sentiment.

06/12/2024

The Federal Reserve Board announced today that they will leave rates unchanged again. They indicated that they expect to make one rate change this year. Inflation remains elevated, though we did get some lower readings for inflation today with the Consumer Price Index coming in slightly lower than expected.

The Federal Reserve said Wednesday it is keeping its benchmark lending rates at their current levels for the seventh time in a row, while signaling fewer rate cuts than previously estimated.

06/05/2024

Core Logic, a home price tracking service, reports that home price appreciation in April was at 5.30% year over year from April 2023. Prices were also up from March. The appreciation rate in March was over 6%. The housing market remains tight, as "Golden Handcuffs" are keeping homeowners locked into their affordable homes with sub 4% mortgage rates. A lot of these folks cannot afford to sell their current residence and move to a bigger home, since their mortgage payments would double. It's a real problem for the buyers right now...

Notes: This CoreLogic House Price Index report is for April. The recent Case-Shiller index release was for March. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Monthly US Home Price Gains Dip Below Seasonal Average in April • U...

05/30/2024

Higher mortgage rates are one of the culprits being blamed for slow home sales numbers for the month of April.

https://www.cnbc.com/2024/05/30/april-pending-home-sales-fall.html