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The FED Cut Rates 50 BPS!

 

 
 

September 20, 2024

Good morning,

 

We just received amazing news! The FED cut rates 50 BPS! This was on high end of the expected range. Even better news - they discussed an aggressive path forward for additional cuts through 2025. The FED specified their goal for the end of 2025 is 3.4% for the FED funds rate.

 

Today mortgage rates have trickled up slightly in the last 2 days however they should begin to track down in a week or 2!

 

Conforming 15 year fixed: 4.99% (.75 points) or 5.375% (0 points)

Conforming 30 year fixed: 5.875% (.75 points) or 6.375% (0 points)

Jumbo 30 year: 5.875% (1 point) or 6% (0 points)

 

If you have any questions regarding our local market, please reach out.

Have a great weekend!

 

Information + Updates

Did You Know?

Research has found the we (American’s) make 35,000 decisions a day….. The relationship between conduct and character is an intimate one. In the form of repeated actions over time, conduct produces character. But it’s also true that character determines actions.  What we do, we become: what we are, we do. (Psychology today)

 

Did You Know?

The 10-year treasury slipped below 3.65%......just sayin'……

 

Did You Know?

And....The 30- Year fixed-rate mortgage continues to vacillate and averaged 6.20%, down from last week’s 6.35% and well below - down 20% - the two-decade high of 7.79% in October, 2023. Is a FOURTH QUARTER BOOM coming? (CNN)

 

Did You Know?

At last week's COMPASS Economic Summit in breathtakingly beautiful Lake Tahoe, Mark McLaughlin (Compass Agent) shared some interesting stats I thought was interesting: 11.2 million LIFE events happen each year with 25 MILLION job changes...every year. There are around 3.5 million babies born each year, 1.5 million marriages, 700,000 divorces, 3.5 million people turn 65 years old, and there are about 2 million deaths.... LIFE EVENTS fuel lots of real estate transactions!

 

Did You Know?

While inflation hovers around 2,5%, DEFLATION has largely been happening for physical goods such as cars and household appliances, though it has also appeared in categories such as gasoline and various groceries over the past year, according to the consumer price index. Appliances are down over 3% compared to 2023....furniture down over 5%....(CNBC)

 

Did You Know?

Space X, An American Company, just completed the first ever commercial spacewalk, the furthest from the earth in over 50 years. (X)

 

Did You Know?

These three questions are things Jeff Bezos asks himself when he is hiring someone at Amazon...

  1. “Will you admire this person?”
  2. "Will this person raise the average level of effectiveness of the group they’re entering?”
  3. "Along what dimension might this person be a superstar?″

Did You Know?

Global companies have committed nearly half a trillion dollars to build new factories for electric vehicles, semiconductors and other products in the U.S. and investors are planning to acquire or build warehouses, hotels, office buildings and apartments near coming factories across the Sunbelt and Rust Belt, where most of these projects are underway. As new manufacturing hubs come online and create jobs will they produce a “multiplier effect,” with growing employment increasing demand for homes, shopping and more? (WSJ)

 

Did You Know?

An estimated 26 billion pounds of likely perfectly safe and edible food is thrown away each year because the date on its label has passed. Refrigeration may be entering a new era.....might that ubiquitous Sub Zero or Gaggenau fridge be on its way out? More than a sixth of the world’s fossil fuel energy is used for refrigeration already. The artificial cooling we’ve built for our food to live in and travel through is already 5.2 billion cubic feet in size and expanding rapidly. What many deem 'fresh' could be quite old, preserved via cooling....new tech may change this...and our kitchens. (FAST COMPANY)

 

Did You Know?

Everyone wants to live a happy life. The way to experience that is through finding ways to be of service to one another. Helping others is scientifically proven to benefit our well-being; it connects us to one another and helps us find a greater purpose in life. It doesn’t just improve your mental health but your physical health, too. Help can be achieved many ways.... by listening to your loved ones, holding the door for someone, collaborating at work, sharing your ideas and unique perspective, and encouraging others to be their best. Every day, there are countless ways to help, meaning there are countless opportunities to experience happiness. Isn’t that what life is all about???

 

Did You Know?

We all know housing is one of the largest costs consumers face: What is the biggest difference between RENT-flation and HOME-flation? RENT-flation costs you more every year, while HOME-flation increases your net worth and equity each year....

 

Did You Know?

$16 billion will be spent on political advertising this year, about $47 per American……

Online in '95

Bill Gates Explains the Internet to Dave

(1995) | Letterman

 

Bill Gates explains the origins of Microsoft and tries to convince Dave to get a computer. (Air Date 11/27/1995)

 

This is too good not to watch.... Check it out!

 

Watch Video
 

Let's Eat

Last week I went to Marché Moderne with a girlfriend……

 

The food was off the charts good. I know it is French but the Barely touched mesquite smoked salmon and the Hamachi Citronette with Yuzo jalapeño sorbet was off the charts good….. I might just go back this week :)

Check it Out
 

Making A Point

Well, if you know me, you know I LOVE Pickleball….. Check out this amazing point:  

Watch Video
 

Para Olympics

And as I mentioned on my last Newsletter, I have been watching the Para Olympics….. Check out this para Badminton point….

Watch Video
 

For Sale

30982 Steeplechase Drive | San Juan Capistrano

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For Sale

328 Emerald Bay | Laguna Beach

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For Sale

510 Emerald Bay | Laguna Beach

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Flexible Year Round Rental

Flexible Rental (Not 12 Months)

*** BUYER NEED ***

 

Dear neighbors, I have a GREAT all cash buyer looking for home with a view, could be a fixer or could be a finished home up to $20M. Closing time frame is flexible. Please call me at 949-233-7949 if you are interested in selling.

Emerald Bay Market Update

 

We have 6 homes currently on the market ranging

from $9,100,000 - $32,000,000

 

Only 4 homes have sold this year, 3 of them have been off market:

 

154 Emerald Bay

307 Emerald Bay

1201 Emerald Bay

1415 Emerald Bay

 

Reach out to me for details…..

Overall sales (not just mine) in the last 10 years

in Emerald Bay YTD is…….

 
 
 
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Work With Maura

Maura Short is known for her strong work ethic, broad industry know-how, and passion for architecture, in addition to her extensive network, confidentiality, and moral code. Combined with her wide-ranging local expertise, all of these assets result in favorable outcomes for both buyers and sellers under her care.
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