7.20.2024 Weekend market update & ADU EVENT

First, we are getting close to our latest ADU event! Whether you love or hate ADUs, they are here to stay, so join us for the IERP ADU Mastermind on July 31st at 9:30 AM at the Historic Riverside Fox Theater! 

 What you’ll learn from the panelists, including me:
- Understanding ADU regulations and permits ~ it’s ever-changing for the better in California.
- Financing options AVAILABLE - I have spent years learning the ins & outs of what we can do with ADU financing. From creative loan products all the way down to traditional
- Design and construction best practices 

All of us on the panel are top ADU experts in Riverside who have been innovators in the ADU community! You definitely will learn a lot at this event!
Here is the link to register: https://lp.constantcontactpages.com/ev/reg/5b98q7m

TLDR: Rates got a little worse this week

Why Do Mortgage Rates Fluctuate?

This week saw mortgage rates go up a little, a trend easily predicted by looking at the chart of mortgage-backed securities (MBS) below. These charts can seem daunting for those unfamiliar, but here's the simple truth: when the line goes down, mortgage rates go up.

So, What Happened This Week?

There's nothing to speak of, actually. Despite this week's small little uptick in rates, we are still at the lowest levels in six months. The overall trend remains relatively favorable. A few key economic reports are on the horizon: Initial Jobless Claims on Thursday and the Personal Consumption Expenditure (PCE) on Friday that will be crucial in setting the tone for future rates, so stay tuned.