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Kemmer's call

Higher mortgage rates have led to a decline in home sales this year, the weakness has been effected more  expensive segments  along with the limitations on maximum interest and property tax deductions.
The California Association of Realtors (CAR) released its’ housing affordability index for the second quarter of 2018.recently and the combination of increasing housing prices and rising mortgage rates have reduced the home buying affordability in the state to the lowest level in 10-years.
This obviously would mean a drop in price eventually as the market dries up of qualified borrowers..

Posted by Kemmer Daniel Matteson on November 7th, 2018 11:09 AMLeave a Comment

July 27th, 2018 3:03 PM
Mortgage rates moved up slightly over the past week to their highest level since June.

Sales of new homes are slowing and unsold inventory is rising for the first time in three years. 

With mortgage rates increasing affordability is becoming an issue and we may see a drop in the market valuations in spite of a growing economy!


Posted by Kemmer Daniel Matteson on July 27th, 2018 3:03 PMLeave a Comment

November 16th, 2017 8:40 AM

Posted by Kemmer Daniel Matteson on November 16th, 2017 8:40 AMLeave a Comment

January 22nd, 2015 4:27 PM

California mortgage rates hit new lows today. First California Financial specializes in only California clients and our rates are the lowest in almost two years since the spike up. This will not last as the stock market volatility will settle down and fund will pull out of mortgage market and rates will go up.

With the Federal government poised to increase rates new spring NOW is the time to get out of your adjustable rate mortgages and lock into a fixed rate.  Go to our website www.firstcaliforniafinancial.com and see the rate graph for 1 year and two year California rates.  Then go to our free rate quote http://www.firstcaliforniafinancial.com/CaliforniaMortgageRateSheet for custom pricing.

We will probably never see California rates this low again this is your opportunity to lock into a great deal. Get out of that adjustable rate loan or combine you first and second into a new single fixed rate loan.


Posted by Kemmer Daniel Matteson on January 22nd, 2015 4:27 PMLeave a Comment