What Every Summer Homebuyer Should Know

The Federal Reserve, after chasing inflation for the better part of a year, will look ahead as far as 2025 in new projections this week that will show more fully the depth and length of the economic “pain” its policymakers expect to be needed to stop the current surge in prices.The tale so far is not a pretty one. The pace of price increases, which by the Fed’s preferred measure are running at more than three times its 2% target, have hardly budged in the face of the most [...]

 If you are thinking of buying a home, you may be hoping for a market crash. Home prices rose rapidly during the pandemic and mortgage interest rates have also been rising this year, so it may feel difficult to purchase a property under current conditions. But, if a crash happened and prices plummeted, houses would become more affordable. While some people believe a crash may be coming because they fear the real estate market became a bubble due to record low interest rates during COVID-19 [...]

Buying an older home and need help with energy-efficient windows, HVAC upgrade, etc? when team up with Rojo Mortgage Team at UWL we can help you accomplish this.When utilizing the Energy Efficient Mortgage (EEM) program on an FHA loan, the buyer not only gets energy-efficient windows, HVAC systems, solar electric systems, and cool roofs, but they also qualify for tax credits and rebates thru the new climate change legislation signed into law this month.Help your new buyers or those refinancing, [...]

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.65% from 5.45%."Last week's purchase results varied, with conventional applications declining 2% and government applications increasing 4%, which is potentially a sign of more first-time homebuyer activity," said Joel Kan, an MBA economist. Mortgage demand continues to weaken, still right around a 22-year low, but there was a sign in the weekly numbers that fi [...]

U.S. equities were mixed on the week as a blockbuster jobs report had investors bracing for the Federal Reserve to raise rates sharply at its next meeting.The S&P 500 index rose 0.4 percent to close at 4,145 in the five-day period for a third straight week of gains. The Dow Jones industrial average lost 0.1 percent on the week and the Nasdaq gained 2.2 percent.Employers added 528,000 jobs in July — far more than economists had estimated — and the unemployment rate dropped to mat [...]

Several factors affect how mortgage rates are determined today, but you can only control one aspect: the personal factors. Lenders look at your qualifying factors to determine your risk level. The better your qualifying factors, the better the interest rate they’ll offer. But it all starts with the current market rates, so you may wonder how the market affects interest rates. Mortgage rates are affected by the overall economy. When the economic outlook is good, rates tend to inc [...]

After underestimating the worst inflation outbreak in decades, central banks are now driving their economies headlong toward recession in order to tame prices. For now, central banks across many advanced and emerging economies have little option but to keep on hiking in the face of inflation that has yet to peak. Bloomberg Economics sees global inflation edging up from 9% year-on-year in the second quarter to 9.3% in the third quarter before slipping back to a still uncomfortable 8.5% by year e [...]

Inflation continued to heat up in June, hitting a fresh pandemic peak that keeps the Federal Reserve geared for another big interest-rate hike later this month, economists project.The consumer price index probably increased 8.8% from a year earlier, marking the largest jump since 1981, according to the median forecast in a Bloomberg survey. Compared to May, the widely followed gauge is seen climbing 1.1%, marking the third month in the last four that inflation has advanced at least The ac [...]

July 1 – 3 The Folsom Pro Rodeo For 60 years, The Folsom Pro Rodeo has celebrated July 4th with a bang. Step into another world and enjoy non-stop rodeo action, mutton busting, a high American flag which arrives by skydiver, fantastic nightly fireworks and much more! The popular event sells out quickly, so get your tickets now. 1 st Saturday: July 2 and August 6 Historic Folsom Art Hop If you are a lover of art, you won’t want to miss the Historic Folsom Art Hop . Folsom is home to a vibrant community of artists, and this is event is your chance to meet local artists and view their original works of art. Art will be displayed in galleries merchant locations and outside along historic Sutter Street. THURSDAY, JULY 7 Twilight Concert Series – Folsom Historic District To get a high-energy boost of unique, spicy music, come on out to see Red Dirt Ruckus . This entertaining band is, described as having a” toe-tapping, hip shakin’ sound. with a healthy dose of bluegrass, a sprinkle of reggae and a big-ole spoonful of funk.” The Twilight Concert Series , held right in the charming Historic District every Thursday through August 25. Come out for a relaxing summer evening where you can listen to music from a wide variety of talented regional bands. Make sure to bring your beach chairs and a picnic. Or, if you prefer, pick up some food from one of the terrific restaurants along Sutter Street to eat while you watch the bands play. The concerts take place from 7:00-10:00 p.m. at The Folsom Amphitheater . friday, July 8 Rocklin Quarry Amphitheater Every weekend, the Rocklin Quarry Amphitheater has new bands to entertain the locals and out of town visitors. No matter what your jam is, you’ll find something to suit your tastes. On Friday, July 8, the Spin Doctors with The Jeff Watson Band will be rocking for the crowd. July 9 – July 17 Disney’s Newsies at Folsom’s Harris Center If you prefer to stay indoors where it’s cool and comfy, a musical or theatrical presentation at Folsom’s Harris Center may be just the thing. Be sure to catch the encore production of the Broadway musical, Disney's Newsies For more events and to buy tickets, visit Harris Center . Thursday, July 14 Art Demonstration - Folsom For artists and anyone who wants to learn more about Folsom’s art community, the Folsom Arts Association holds a monthly Artist Demonstration. This month, they will be featuring the work of Dale Laitinen, water colorist at Gallery at 48 Natoma . Friday, July 16 Sacramento’s Great American Triathlon Calling all runners and fitness buffs. Registrations are now open for the Great American Triathlon , Northern California’s most popular summer triathlon tradition of Running, Cycling, and Paddling on the American River Parkway. Race competitors can register online Here . Friday July 8 through July 20 Sacramento Concerts in the Park Nothing signals summer like warm evenings enjoying music in the park. And California’s largest free music festival continues to rock in Downtown Sacramento! For a great way to wind down a busy week, head to Cesar Chavez Plaza for Sacramento Concerts in the Park where you and the family will enjoy live music, food trucks, a beer and wine garden, art and more. ______________________________ Fun events are constantly popping up throughout the Sacramento Region. Since we all have different ideas of what’s fun, it’s nice to have plenty of options. Check out these local sites where you’re sure to find something to please everyone in the family: FOLSOM Visit Folsom Historic Folsom District Events Free & Cheap Things to Do in Folsom Happening Next in Folsom Events for Kids & Families Around Folsom & El Dorado Hills The Harris Center for the Arts EL DORADO HILLS El Dorado Hills Chamber Things to Do in El Dorado Hills GREATER SACRAMENTO AREA Sacramento 365 Events In Sacramento Things To Do in Sacramento Style Magazine Events Wineries & Wine Tasting Around the Sacramento Region Event World ROSEVILLE, ROCKLIN, LINCOLN Free & Cheap Things to Do in Roseville Placer Tourism Visit Placer County Roseville Today