February Housing Market Update

February Market Update

Pending Home Sales rose 8.1% from December to January, which was more than expected.  Sales were down 24.1% from a year ago, but was still an improvement from 33.9% decline in December.  Pending Home Sales is a very critical data to show how the housing market is doing. Interest rates did rise following the Job…

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FHA Announcement

New Family Home

The FHA announced today 2/22/2023, that the annual mortgage insurance premiums has been reduced from 0.85% to 0.55% on the monthly. So the monthly payments would be dropped by 30 basis points of the loan amount. With such a big drop, it allows buyers to qualify better and could afford such a monthly premium. For…

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October Market Update


Gas prices have been climbing up since 1989.  It went from less than $1.00 per gallon then to close to $1.60 in the 2000, and jumped to around $3.10 in 2010 and did not change for over 10 years till 2020.  However, in 2021, the price went up from $3.20 in January to close to…

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Company NMLS: 240639
Licensed by DRE: 01264348

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National Pacific Lending
9891 Irvine Center Drive Suite 150
Irvine, CA 92618

(949) 362-1400

SAT-SUN: By appointment only