In the week ending Sept. 26, mortgage rates saw a slight decrease, moving from 6.09% to 6.08% for a 30-year fixed-rate loan, according to data from Freddie Mac.
“While the drop is minimal, the 30-year fixed-rate mortgage has now reached its lowest point in two years,” noted Sam Khater, Freddie Mac’s chief economist. This recent dip is encouraging more homeowners to refinance, potentially lowering their monthly payments. On the other hand, potential buyers are keeping a close eye on rates, hoping for further declines as upcoming economic reports are released.
Following the Federal Reserve's rate cut last week—the first since 2020—the market is buzzing with anticipation, according to Hannah Jones, senior economic research analyst at Realtor.com®.
Food Obession of the Month
Best Pumpkin Pie
This autumn dessert is a classic, but achieving the perfect version can be a challenge. This well-tested recipe captures every essential element, from the flaky, buttery crust to the rich, pumpkin-filled filling that embodies all the cozy flavors of fall.
Source: Delish
Local Happenings
October 14, 2024 | 11:00 AM - 7:30 PM | Palisades Park, Ocean Ave & Washington Ave, Santa Monica, CA 90401
Join us on Monday, October 14, for Santa Monica’s first street fair on Ocean Avenue and Palisades Park, launching LA Tech Week. Connect with over 2,000 tech leaders, explore startup showcases, and enjoy live activations, food trucks, and a beer garden in a vibrant outdoor setting. Fun for all!
October 31st, 2024 | 3:00 - 6:00 PM | 1333 Montana Ave, Santa Monica, CA 90403
Join us for a spooktacular Halloween event! Enter the adult costume contest for a chance to win a $500 donation to your chosen charity, enjoy plenty of candy, & give back to the community!
