Economy

The Latest Fed Rate Hike

The Fed Rate hike today moves borrowering costs higher, but should help mortgage rates come down

Once again, in an effort to curb inflation, the Fed has announced another Fed Rate Hike to the tune of a .75 increase to the Fed Funds rate.  This Fed rate hike brings the Fed funds target rate range to 2.25%-2.5%, and the increase was in line with expectations, resulting in minimal initial changes to…

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Will Inflation Go Down?

Broken piggy bank with band aid bandage or plaster finance background

Will Inflation Go Down?   There’s a lot of economic jargon being tossed around in headlines these days, and one of the hot topics out there is inflation.  To start, it’s important to understand what inflation is.  When the value of a currency diminishes, the result is inflation – basically, you get less for the…

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What the Fed Rate Hike Means for You

The Fed Rate hike will have a big effect on markets, especially mortgage markets and other debts

What the Fed Rate Hike Means for You   Today the Fed increased their Fed Funds rate by .75 percent.  While on the surface that doesn’t seem like too big a bump, this is the largest single-day increase to the Fed funds rate since 1994, signaling a serious attempt at Fed members to reign in…

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What the Fed Rate Hike Means for My Mortgage

When the Fed raises the Fedral funds rate, we often see mortgage rates go down

How the Fed Rate Hike Affects Mortgage Rates   Yesterday, March 16, 2022, was the date of the first Fed rate hike in 3 years, and is the first of an expected 7 total for the year 2022.  This rate hike is an effort to fight off the inflation once deemed “transitory” but has proven…

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Is Affordable Housing Still Possible?

Affordable Housing is still a reality in most markets by many metrics

Home prices are at all time highs!  It’s a bubble!  There’s a dip coming!  It’s a terrible time to buy!  These are some of the things headlines have been touting for….well, years now, as appreciation in the housing market has marched higher.  And yes, home prices are up – much higher in some markets, than  a…

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Homeowners Should Expect Appreciation in 2022

Home prices are forecast to continue to rise in 2022

Home Appreciation Expected to Continue Through 2022   With the final quarter of 2021 under way, we expect to see a lot of forecasts and announcements around changes as we head into another new year.  Over the next month, 2022 loan limits will be announced, lenders will begin to make a final push to finalize…

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Home Prices – The Market is Affordable!

Home prices are going up, but in most markets, things are still affordable!

Homes Are More Affordable Than They Seem   In today’s world of competitive markets, short inventory, and rising purchase prices, things are tough for home buyers (and sellers, too!).  With sharp appreciation and bidding wars becoming more common, it seems the market is unaffordable, but when diving into the data, it appears that throughout the US,…

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What the Fed Rate Cut Means to You

The Fed rate cut is a small piece of the big economic picture, but it does NOT have an immediate impact on mortgage rates as many people believe

The Fed has once again cut rates, this time by .25% – so what does this mean for you?     Well, the Fed funds rate is the rate banks borrow from each other.  When the rate is cut, it is done to help stimulate the economy and increase inflation.  The Fed funds rate is…

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Did the Fed Lower the Interest Rate?

Does the Fed affect mortgage rates?

Today it’s anticipated that the federal reserve will cut rates by a margin of .25 to the Fed funds rate.  What does that mean?  Well, the Fed funds rate is the rate which banks borrow from each other in the federal reserve system.  When the Fed cuts rates, it’s usually to stimulate the economy by…

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What is a No Closing Cost Refinance

A No Closing Cost Refinance can allow you to save money monthly without costing you dollars or equity

Rate is the one word that comes up perhaps more than any other when shopping for a mortgage loan.  The second most frequent topic of discussion is on closing costs – the dollar amount it takes to get a mortgage done.  There’s an appraiser that needs to be paid, underwriters that need a paycheck, and…

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Mason-McDuffie Mortgage

12647 Alcosta Boulevard
Suite 300
San Ramon CA. 94583

Phone: 925-242-4400
Fax: 866-743-0260
Toll-Free: 877-275-6662
info@masonmac.com

Licensing

Licensed by The Department of Financial Protection and Innovation
under the California Residential Mortgage Lending Act. NMLS# 1141
NMLS Consumer Access Site

Not  a  commitment  to  lend. Rates  and  terms  subject  to  change  without  notice. Licensed by The Department of Financial Protection and Innovation under  the  California  Residential  Mortgage Act  No. 4130968; AL  #22653; AR  #32700; Colorado regulated by the Division of Real Estate; DE #019623; FL #MLD819; Georgia Residential Mortgage Licensee #20924; ID #MBL-5861; Kansas Licensed Mortgage Company #MC.0025601; KY: #MC701698; MD: #16927; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the NJ Department of Banking and Insurance; NC: L-152867; NV: #3681; OK: #ML012358; Licensed by the Oregon Division of Financial Regulation #ML-3808; PA: #37008; TN: #112513; Licensed by the Virginia State Corporation Commission #MC-5579, WV: #ML-31523/MB31759, WY: #3964. NMLS #1141. www.nmlsconsumeraccess.org

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.

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