Call or Text Claudia Hansen at (310)598-3350 Licensed Realtor in California DRE#01155245 www.ClaudiaHansenHomes.com Rodeo Realty, Inc.
Today's housing market makes it easy to win as a seller. Let's connect if you're ready to make a move this year.
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U.S. Treasury bond yields - The 10-year treasury bond closed the week yielding 1.67%, down from 1.72% last week. The 30-year treasury bond yield ended the week at 2.34, unchanged from 2.35% last week. We watch bond yields because mortgage rates often follow treasury bond yields.
Mortgage rates - The April 08, 2021, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate was 3.13%, down from 3.18% last week. The 15-year fixed was 2.42%, down slightly from 2.45% last week. The 5-year ARM was 2.93%, up from 2.84% last week.
The Fannie Mae Home Purchase Sentiment Index strengthened in March – Americans are more upbeat about the idea of buying and selling a home according to Fannie Mae’s Home Purchase Sentiment Index which rose to a reading of 81.78 in March. That marked a 5.2 point increase from the February reading. The index is done from a tabulation of responses from consumers surveyed by Fannie Mae. Some of the results were: 61% of consumers said it was a good time to sell, up from 55% in February.53% of consumers said it was a good time to buy, up from 48% in February. 50% of consumers said that home prices will go up over the next 12 months, up from 47% in February. 82% of consumers said they are not concerned about losing their jobs. 25% of consumers said their household income is significantly higher than it was 12 months ago, up from 17% in February.
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In today’s LA & Valley Eats, we’ve rounded up the absolute best new restaurants in Los Angeles. Ranging from outdoor dining to pop-up shops, these delicious destinations are sure to satisfy every craving.
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Owning a home can have an incredible impact on your quality of life. Let's connect if you're ready to make your dream of homeownership a reality.
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U.S.employers added 916,000 jobs in March - The Department of Labor and Statics reported that 916,000 net new jobs were added in March. That number exceeded Dow Jones analysts’ expectations of 675,000 new jobs. The unemployment rate declined to 6% in March, down from 6.2%, in February.
Stocks up again this week – The S&P broke 4,000 for the first time in history – This week’s financial news moved all markets higher. Consumer confidence hit the highest point since the start of the pandemic. Job growth has picked up at a robust rate with almost one million new jobs added in March. Investors feel that because of the trillions of dollars in stimulus, and a potential $2 trillion infrastructure plan, the economy will remain on a trajectory of recovery from the harsh effects of the pandemic. The speed of the rate of vaccinations has also allowed much of the country to relax restrictions, adding to business optimism. The Dow Jones Industrial Average closed the week at 33,153.21, up 0.2% from 33,072.88 last week. It is up 8.3% year-to-date. The S&P 500 closed the week at 4,019.87, up 1.1% from 3,974.10 last week. It is up 6.9% year-to-date. The NASDAQ closed the week at 13,480.10, up 2.6% from 13,138.72 last week. It is up 4.6% year-to-date.
U.S. Treasury bond yields - The 10-year treasury bond closed the week yielding 1.72%, up from 1.67% last week. The 30-year treasury bond yield ended the week at 2.35%, down from 2.37% last week. We watch bond yields because mortgage rates often follow treasury bond yields.
Mortgage rates - The April 01, 2021, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate was 3.18%, almost unchanged from 3.17% last week. The 15-year fixed was 2.45%, almost unchanged from 2.44% last week. The 5-year ARM was 2.84%, unchanged from 2.84% last week. Rates dropped later in the week.
In today’s LA & Valley Eats, we’ve rounded up the absolute best desserts in Los Angeles. Do whatever you need to in order to make sure you have this list handy the next time an unexpected, sugar-coated craving comes along!
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Don't get fooled into selling your house without the help of an agent. Let's connect to ensure the process is smooth and successful.
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