Richard Wang

Home Loan Mortgage Expert
Purchase & Refinance Real Estate
Tax
Attorney

MLO NMLS #334072 DRE #01144748
Company NMLS #135622 DRE #01821025

[Richard Wang @mortgageRW]

@WineFolly Gruner veltliner?

[Richard Wang @mortgageRW]

Another new low today for the benchmark 10-year note. The mortgage rate refi boom has begun!

[Richard Wang @mortgageRW]

BLS Jobs report much stronger tban expected. These results have little fire to the bond market and the benchmark 10-year note is up .13 to 4.42% this morning. Less and less reason for rate cuts in the near future….

https://t.co/Fqw5srDbIx

[Richard Wang @mortgageRW]

GDP grew less than expected (1.3% v 1.6% expected). Will this prompt a sooner Fed rate cut?

[Richard Wang @mortgageRW]

Fed stays pat - reiterates plan to cut short term rates 3 times this year. Is this good news for mortgage rates??

Live: Fed meeting live updates: Powell speaks after Fed maintains outlook for 3 rate cuts https://t.co/vGqveU1TgC

[Richard Wang @mortgageRW]

Feeling incredibly grateful today for the amazing team I work with, the unwavering support of my family, and for good health. Counting my blessings and cherishing every moment. 🙏❤️ #Thankful #Grateful #Blessed

[Richard Wang @mortgageRW]

Underlying inflation jumps in September - what does this mean for the Fed Reserve meeting next week?

https://t.co/drKRdu2yuT

[Richard Wang @mortgageRW]

Inflation runs hotter than expected, making it more likely that we’ll be seeing for Fed hikes….

[Richard Wang @mortgageRW]

Jobs report weaker than expected - but will it be enough to shift the Fed stance on tightening?

U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP says https://t.co/Xj736yMCvG

[Richard Wang @mortgageRW]

@maddieaugust13 @taylorswift13 Now that’s the sign of a true swiftie fan when they ask for afterglow!!

[Richard Wang @mortgageRW]

The Fed JUST increased the Fed Funds rate by 0.25% - the 11th increase since March 2022. The high side of the target range now sits at 5.50%, with the corresponding Prime Rate now at 8.50%, to the dismay of credit card and home equity line-of-credit debtors.

[Richard Wang @mortgageRW]

Fed minutes reveal that more tightening ahead, starting with next meeting on July 27th....😭😭😭 rates on consumer credit, auto debt and home equity lines of credit going up again 😭😭😭

[Richard Wang @mortgageRW]

Fed leaves fed funds rate UNCHANGED

[Richard Wang @mortgageRW]

Fed announces rate decision today…. There is 99.99% chance they pause… given yesterdays CPI report.

[Richard Wang @mortgageRW]

Fannie Mae released new, higher AMI limits which will help more first-time home buyers for programs like our 1% down conventional program. This includes a 2% grant (forgivable) for a 97% LTV loan - amazing!

Check here to see new AMI figures:
https://t.co/Nb6kBVRezh

[Richard Wang @mortgageRW]

There's no place like home! See if the home of your dreams qualifies for a Down Payment Assistance program by using this Freddie Mac tool here: https://t.co/hAxGrZL08n

[Richard Wang @mortgageRW]

@WineFolly Gerwurztraminer, or Chablis if you're going to put lemon on it.

[Richard Wang @mortgageRW]

As expected, FOMC raises target range to 5.00-5.25% by another 0.25%. In lock step, the Prime Rate will now be 8.25%, which is pegged to credit cards, auto loans and home equity lines-of-credit. Will this be the last hike of 2023? Thoughts?

[Richard Wang @mortgageRW]

The Dream for All program has been paused, but there are special programs for first time homebuyers, depending on the subject property location. Call us today for a free consultation!

[Richard Wang @mortgageRW]

California's Dream for All program for first time homebuyers is a groundbreaking effort to combat the affordability crisis - 20% down payment provided, no payments, no interest - find out how! https://t.co/cFh5ttYhxq