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Mortgage Minute brought to you By Geneva Financial Jun 21 2023

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Understanding the housing market can be tricky, but we've broken down the latest financial report into simple terms. Here's a quick snapshot:
Key Points:
- Today's house prices might be slightly higher than yesterday's, but not by much, and they're not expected to change a lot during the day.
- The Federal Reserve, the country's central bank, is expected to raise interest rates next month and keep them at 5.25% for the rest of the year.
- If you're planning to close a loan in less than 15 days, it's a good idea to lock in your rate now as it's unlikely that rates will get better in the next week or so.
- For loans closing in 15-30 days, consider locking in your rate as there's not much chance that rates will get better.
- If you're closing a loan in more than 30 days, you can wait a bit before deciding whether to lock in your rate, but it might not be a bad idea to lock in your rate now.
For a more detailed understanding, we recommend reading the full report. It provides a comprehensive view of the current housing market and what to expect in the near future.

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"Be wary of who you do business with. A quick google search will show that Ron will promote contempt in a community and he is not interested in doing as he says. He recently made fun of the victims of mass shootings in his “orange county buzz” facebook group and should not be allowed to do business if he is going to promote hatred. Ron’s response below highlights his ignorance. If you disagree even politely with him he will try to shut you down instead of being a reasonable human being. Again - further proof that he should not be doing business in a community where he does not promote anything other than hate and discontent in it."

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