Interest Rates Settle Down in August

I’ve written many times that interest rates jump up and settle down.  What I mean by that is that when news spooks the market investors and lenders immediately seek a higher yield to compensate for a sharp increase in perceived risk.  But when markets stabilize, competition invariably pushes interest rates down. August has given us...

Anticipation: Will the Feds Raise Interest Rates?

6/13/2017 | Casey Fleming Last week I wrote that we were almost certainly going to see the Feds raise short-term rates when they meet this week on Wednesday, June 14th. I predicted that mortgage rates would rise starting Thursday in anticipation of what the market would do in response to whatever action the Feds took. If...

Interest Rates at 2017 Lows

6/5/2017 | Casey Fleming In April I wrote that interest rates had slid down to their lowest point in 2017. After a short, small, steady move up they have slowly settled back down to April levels. What’s happening? What drives interest rates? As a reminder, long-term trends in interest rates tend to move according to...

Listing of the week – a man’s home is his castle

4/5/2017 | Casey Fleming Each week I try to look for something unique in a property. This week’s listing of the week was a no-brainer.  How would you like to own your own English countryside castle?  And for less than $1 million? Our listing of the week. Molly’s Lodge is situated on the northern edge...

Lower Mortgage Rates Last Week

4/2/2017 | Casey Fleming Last week I wrote that due to a thin week of economic reports there was not much likely to happen the week of March 27th to drive mortgage rates one way or another.  I also noted that this coming week (April 3rd) there were more economic reports on tap, and some...

The 27 Best Real Estate Jokes

3/21/2017 | Casey Fleming Real estate is no laughing matter!  Well, usually it’s not.  But when you have 27 classic and new real estate jokes that go to the heart of what we all love about real estate – well, you can’t help but laugh. Emily L’Eplattenier, writing for FitSmallBusiness.com has gathered them here for...

Why Mortgage Rates Dropped This Afternoon

3/15/2017 | Casey Fleming As anticipated, the FOMC – the Federal Open Market Committee of the Federal Reserve (or simply, “The Feds”) – voted to raise interest rates today, raising the discount rate from 0.75% to 1.000%.  So, everyone wants to know why mortgage rates dropped this afternoon.  Yes, that’s correct – dropped.  Shortly after...

Listing of the Week – Modern Architecture for a Venture Capitalist

For the listing of the week I like to find something about a property that is at least interesting and unusual, if not unique.  Last week we had acreage and a unique style of interior design.  This week’s listing of the week has everything a high-tech executive could want in Silicon Valley Real Estate.  What...

The Top 6 Reasons to Go House Hunting on Stormy Weekends

House hunting in Silicon Valley is a pretty stressful affair these days.  As a fierce winter storms settles in many house hunting families might understandably decide to stay indoors.  Don’t!  This is the best opportunity you’ve had in weeks to score an honest-to-God deal on a home in Silicon Valley. Here are the top 6...

Listing of the Week – Room for Your Horses!

Finding a place in Silicon Valley where you can keep your horses is a challenge, to say the least.  Riding them into work is a tad more difficult than it was 100 years ago, too, but that’s another story.  Our listing of the week this week is a horse property estate in South County where...