Are the platforms using server farms in LA?
It’s very strange how quiet it is - is anyone else experiencing that?
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Yeah, seems quiet, doesn’t it. I’m getting a few orders but not the 10-15 I usually see almost every day. I think it’s seasonal.
Everyone is holding their breath to see if Federal Reserve will lower interest rates.
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Really strange is I’m getting refi signing requests in my neck of the woods Bonney Lake WA more than usual at my requested rate. Unfortunately have had to turn them away because still recovering from leg injury. Should be better by February. Agree people are waiting to see how new administration will effect economy. WA State is growing too much too fast and is 12B dollars in debt. New Governor this week and plans to cut back spending. Waiting for other shoe to drop.
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I’m watching closely and have concluded that the Fed will not appreciably drop rates in the next six months. Inflation is warming up again and will probably go up a little more as the new administration settles in and spends some money implementing new programs and such. The Fed doesn’t like that kinda stuff and will be resolute in holding rates where they are, despite an outcry from the Oval Office.
One ray of hope is that the president may release FNMA and FMAC from conservatorship and they may privatize. This action could make getting a government-insured loan more possible and at rates that may be a bit more attractive. We’ll know very soon.
It seems to me that HELOCs may come into vogue again. Borrow on equity without disturbing an existing mortgage rate. Recall that 3 years ago, rates were in the mid-3% range and folks who got those rates are loathe to give them up if they move to a new home at 7%. So, if they need cash for home improvements or to buy an investment property, why not tap their equity? Positioning is everthing and cash is king. Just don’t look for the Fed to help us all out. Not for a while, anyway.
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I heard the same thing about rates. Decision for buyers to purchase now at higher rates and refinance later. Don’t expect to see any big changes for 5 years. Currently, what I’m see in my neck of the woods in WA people getting refi’s and using equity to purchase homes in ID not AZ or TX. Trends do change. Later this summer I will also be checking out ID. They do have Mayo Clinics for health care and nice grocery stores towards larger cities. Will be fun to check out.
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