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Newsletter #015-2024
Issue #15 Published March 1, 2024
Mortgage Rate Rose This Week
In a development, the average long-term U.S. mortgage rate surged to its highest point in 10 weeks, posing a challenge for prospective homebuyers preparing for the upcoming spring homebuying season. According to Freddie Mac, the average rate on a 30-year mortgage climbed to 6.77%, marking an increase from last week's 6.64% and a significant rise from the 6.32% reported a year ago. Similarly, 15-year fixed-rate mortgages, popular among homeowners seeking refinancing, saw a comparable uptick, with the average rate reaching 6.12% compared to last week's 5.90%, surpassing the 5.51% average from a year ago. This upward trend mirrors movements in the 10-year Treasury yield, reflecting concerns among bond investors that the Federal Reserve might delay interest rate cuts due to robust reports on inflation, job market performance, and the overall economy.
143 Palatine Drive
Alhambra, CA 91801
Discover this enchanting residence nestled in the historic Emery Park Hills neighborhood of North Alhambra, a serene and secluded enclave. A diamond in the rough, “roll your sleeves” project, perfect for those that are looking for a blank canvass. Featuring stunning city vistas from nearly every room. Sunlit interiors courtesy of expansive windows, coupled with an elevated position, provide panoramic city views. The basement boasts a bonus room, and the backyard, adorned with mature trees, presents the opportunity for a spacious deck. With an attached 2-car garage, this property invites you to customize your dream living space. Ideally situated near Huntington Drive, it ensures swift commutes to South Pasadena, Pasadena, downtown LA, USC, and Cal State LA. Offered AS-IS, this property with endless potential awaits your vision.
Property Features:
- 2 Beds & 2 Baths
- Panoramic Views of City
- 2-Car Garage
- 1,680 Square Ft
- Spacious Deck
Don’t miss this amazing opportunities.
Goldburger
"In the realm of Los Angeles, few burger artisans match the caliber of Goldburger's Allen Yelent. His craft involves exclusive use of 100% grass-fed meats sourced from regenerative farms in California. The distinct Goldburger patties defy convention, featuring a medium smash in the center and an outward spread at the edges. This meticulous technique yields a delectable contrast—a juicy center enveloped by a crispy rim. According to Yelent, the loyal clientele frequenting Goldburger's Los Feliz and Highland Park establishments isn't drawn solely by the smash burger phenomenon. Instead, patrons return for an undeniable reason: "People come back for us because they're just good burgers." It's a testament to Goldburger's commitment to culinary excellence that transcends trends."
