Sheila Sabine - What is happening with interest rates?

As of our office meeting this Tuesday with the lender expert, he reported that interest-rates are staying flat - meaning no change.

Jumbo rates are currently at 4.375 and conforming rates are at 4.125.


The question is what drives mortgage rates?

One -economic data 
Two-inflationary pressures
Three- the stock market 
Four-the Federal Reserve
Five -politics
Six -Global events

Strap on your seat belts for this week on the planet.

And by the way-The latest real estate report on sales in Oakland shows that 65% of all listings are selling over asking price.

What they might want to add is that they are selling way way over asking price like hundreds of thousands of dollars... Not an easy market for buyers or agents.

For more information, please contact Sheila Sabine ssabine@grubbco.com

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