The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions. This month, we’re covering: the rising Federal Funds rate, which is directly causing adjustable rate mortgage (ARM) rates to jump in 2023; rates on mortgage insurance from private insurers contrasted with the FHA, making mortgage borrowing even more expensive for homebuyers […]
![Ten-year rate hikes freeze up sellers in property markets; Monthly Statistical Update (June 2023) 06-2023-MSU](https://www.duanegomer.info/wp-content/uploads/2023/06/06-2023-MSU-200x200.png)