«

»

Sep 07

When is “Boring” Good News for Costa Mesa Home Loans?

The Mortgage News Daily gives the home loan industry’s workaday professionals something to read with their first cup of coffee. It catches them up on the latest numbers from the previous day’s activity and provides a running commentary on the why’s and what next?’s for mortgage issuers.
Friday’s edition gave Costa Mesa homeowners, soon-to-be homeowners, and those soon to be home sellers ample reason to head into the Labor Day weekend with renewed confidence in the current state of affairs. Friday’s lead headline in the MND provided the reason: “Mortgage Rates End Week Near Best Levels.”
The opening sentence began, “Mortgage rates caught a break…” and went on to explain that an array of underlying reasons continues to prevent home loan rates from rising. That extends a near-freeze in the low rates that has recently prevailed. Despite widespread expectations that home loan payments would rise throughout this year, rates have actually moved downward since April.
And lately?
Yawn.
Commentator Matthew Graham summarized the plight of journalists who cover the loan industry: “If You Like Boring,” his headline read, “You’re in Luck!” “Mortgage rates didn’t move at all again today,” he groused. “If we broaden our definition of ‘sideways’ just a bit, we can legitimately fit most of 2018 into the same conversation.”
Costa Mesa home buyers and sellers might commiserate with the writer’s creative distress—but not so heartily that they would wish it otherwise. As long as the current Costa Mesa mortgage rates stay mired in the lower half of the historical range, they result in the kind of more affordable monthly payment quotes that widen the ranks of eligible buyers. It means nothing but good news, too, for Costa Mesa home sellers—and another sound reason to give us a call!

We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, L3 has grown to a full staff of 20 serving over 300 clients a year. L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact L3 today at 714-444-4663 or email us at info@thel3.com

%d bloggers like this: