Serving all of California, including Riverside, Los Angeles, San Bernardino, and Orange County. CA DRE #01499872 – NMLS #247447.

California
Joined February 2014
The new website is here, California Mortgage Finder! It's easy to use, packed with relevant information, and includes nine new mortgage calculators. Clients can stay up-to-date with rates and, in minutes, apply for a new mortgage. #California #Mortgage californiamortgagefinder.com
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Riverside, California Housing Market Update: Per Zillow, values remain stable in Riverside, and I expect this trend to continue for the rest of 2026. #Riverside #California californiamortgagefinder.com…
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Oh boy...it's been a rough 2-3 weeks for mortgage rates, but things seem to be settling down 🤞. Have an accepted offer? The smart move right now is to lock your mortgage rate as soon as possible; it's WAY too risky to float in this environment. californiamortgagefinder.com…
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Employment Report and Mortgage Rates - simply put, other than possibly preventing significant moves higher, the soft employment report will not do much for mortgage rates moving forward. Keep an eye on Europe, specifically France. A debt crisis might be brewing. #Debt #Rates
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One of the best parts of 20+ years in the mortgage business is working with the same clients again and again. I first worked with Jennifer more than a decade ago, and I’m grateful for the continued trust! #Riverside #California #Mortgage #Refinance
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I’m a loan officer working for a highly rated Riverside, California, mortgage broker, helping homebuyers and homeowners throughout California. Buying or refinancing? I’d appreciate the opportunity to earn your business! Low rates, fast closings, and exceptional service.
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So let's talk about mortgage rates. After the Fed meeting, mortgage rates moved lower; then the bond market blew up, and mortgage rates moved higher, much higher. Two main questions people want answers to: 1. Why? 2. And will they settle here, go higher, or move lower?
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First, the why: I think the answer to this question is a combination of factors: the Iran war, potential inflation issues, and too much government debt. If the war is settled, the bond market rally might not be as impactful as some people are hoping & that is cause for concern.
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As for mortgage rates, it's a wait-and-see. With CORE CPI at its lowest level in years, I think inflation concerns are a bit overblown, and those fears will ease with time. As for government debt, does anyone really think that's going to be solved without a crisis?
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Loan Officer Kevin O'Connor, California Mtg Finder retweeted
When you see headlines, tweets, etc. in the coming hours regarding mortgage rates moving up to 7.37% today, that will be because I'm about to update our rate index to 7.37%. Yes, Freddie Mac released their number today as well, and it's 7.03%, but may as well be gif of Steven Tyler belting out "dream on!" Freddie's weekly survey is a Wednesday through Wednesday 5-day average of rates that's reported on Thursday. It also doesn't account for the prevalence of upfront points/buydowns (which are increasingly prevalent in this market). Our rate index accounts for points and is immune from some of the pitfalls that plague other rate metrics. (If you're typing an angry reply about rates being lower than I say, read this paragraph twice): This DOES NOT mean you couldn't see a rate quote in the high 6% range today. Many lenders will find ways to quote something under 7% today, but in those cases, it will involve more upfront cost than the apples-to-apples vanilla rate quote for a top-tier 30yr fixed scenario over the years. What is that scenario? It's basically ideal: 25% down, 780+ FICO, owner occupied, purchase, single-family residence. Anything else would be higher. You can read as much as we're willing to share about our methodology here: mortgagenewsdaily.com/mortga… You can see a chart of how our daily index compares to Freddie and MBA over the years here: mortgagenewsdaily.com/mortga… (note: depending on when you click this, today's entry may not be reflected yet as I'm writing this tweet before updating the index). No one does the work we do to nail this math every single day and no one has done anything remotely comparable for remotely as long. Those who know me know I rarely toot my own horn, and that's not even the goal here as I would be sharing this info whether I was the guy in charge or just a mortgage pro who knows what's up (incidentally, if you're one of those mortgage pros, jump in the comments and hit me up if you managed to read this far). I'm sharing this because we're about to see the mortgage rate conversation explode even more than it has in recent days, and before everyone starts arguing about what rates really are or quoting my work without attribution, I figured I'd give myself a quick shout out to get ahead of it and to make sure everyone knows to point an laugh if anyone tries to tell you "rates are almost up to 7%" because the last day that was true was September 9th.
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The bond market anticipated this move. Since mid-August, bonds have sold off, and mortgage rates have moved higher. Don't be surprised if we see lower mortgage rates post-meeting. First, we need to hear the presser; it's super important for mortgage rates. #Fed #Warsh #Mortgage
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I'm old enough to remember Kevin Warsh advocating for lower rates so he could get his job. Despite the lowest core CPI in five years, the market is telling him to raise. If that happens, I think there is a solid chance mortgage rates move lower. #Fed #KevinWarsh
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If mortgage rates move lower, don't expect a big move down. The easing of rates will be more of a reassessment of where the market goes from here. Slowing job growth, a slowing economy, and the lowest core CPI print in five years. And the market thinks higher rates are needed 🤦‍♂️
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Loan Officer Kevin O'Connor, California Mtg Finder retweeted
Supercore CPI jumped 0.51% m/m in August, which is getting plenty of attention this morning and sent Sept rate hike odds surging briefly to ~100%. But it’s worth looking under the hood: 29bps (more than half of the 0.51% increase) came from wireless phone services alone. Unless the Fed plans to hike rates to get your cell phone bill under control, I’d be careful reading too much into the spike. A quick 🧵
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