Market Analysis and Industry News: 10/10/2022

Niv Ovadia
October 10, 2022
Est. Reading: 1 minute
Market Analysis 10/10/2022

The Fed Mortgage Rates

According to The Fed, housing rates have steadily risen to a 20-year high. Now as we know, The Fed doesn’t directly dictate mortgage rates, but they do have complete control over the Fed Funds Rate which by itself has increasingly essential effects. 

If you’ve turned your computer or phone on you know that everyone’s talking about the “state of the economy”, and everyone has their eyes on the real estate market. While the economy can be extremely volatile, The Fed only makes changes on a scheduled basis, around 8 times per year. 

This is a detailed analysis of The Fed rate shifting from December 2022 and June 2023: 

The Fed Mortgage Rates
provided by mortgagenewsweekly

Job Creation

With such a volatile market, it’s no surprise that within the last couple of months (September/October 2022) the average job count is continuing to drop. It has yet to offset the post covid weakness and market hit. It is interesting to see that the unemployment rate is back to the lowest levels since the 1960s after bumping just a bit higher last month. 

Job Creation
provided by mortgagenewsweekly
Recent Posts
Everything You Need to Know About a Business Purpose Loan: What They Are and How to Apply

As a business owner, you may have various needs that require financial support. This is where business purpose loans come in. A business purpose loan is specifically designed to provide funding for business-related expenses, such as inventory, equipment, expansion, and more.  If you are considering a business purpose loan, it's important to understand what they […]

Read More
Exploring the Future of Residential Bridge Loans in California: Trends, Predictions & Strategies for Long-Term Success

 In this article, we will explore the future of this financing option in California, delving into its current trends, making predictions, and providing strategies for long-term success. We will begin by addressing a critical question: What is a residential bridge loan and how is it used in California? This section will provide a comprehensive understanding […]

Read More
Can You Legally Live In A Commercial Property? An In-Depth Guide To Commercial Living

Another day another thorough guide from PMA.  Today, we’ll be discussing the legality of living on a commercial property. As real estate investors and finance enthusiasts, it’s important to understand the laws and regulations surrounding this topic.  We’ll be providing an in-depth guide to help you navigate the complex world of commercial real estate living.  […]

Read More
Making Your Dreams A Reality! Start Today!
CALL NOW (818) 237-1171
Real Estate Broker | Mortgage Corporation
Tarzana Branch
18455 Burbank Blvd. Suite 411 Tarzana, CA 91356
NMLS # #303706
BRE # #01122742
Corporate DRE NMLS # #815819
DRE License # #01902537
Short Application Form
Please fill out the form below and a team member will reach out as soon as possible. Thank you!
Short Application Form
Full Name
Full Name
Best method of Contact
Where did you hear about us?
By pressing the submit button above, I give Professional Mortgage Associates consent to use automated telephone dialing technology to call and/or use SMS text messages at the phone number provided including a wireless number for telemarking purposes. I understand consent is not a condition of purchase of PMA's services.
We take pride in providing you with excellent service and appreciate the opportunity to assist you with your mortgage needs.
Get in Touch
[email protected]
(818) 237-1171
Copyright © 2023 PMA All Rights Reserved.
envelopephone-handsetlocationcross-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram