Newsletter #35-2024

Issue Published December 13, 2024

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This holiday season, we want to take a moment to thank you—our clients, friends, and community—for your trust, support, and partnership throughout the year. Your journey inspires us, and we’re grateful to be part of your lives.

May your Christmas be filled with joy, warmth, and cherished moments with loved ones. Whether you’re gathered around the table, sharing stories by the fire, or simply enjoying the magic of the season, we wish you peace, happiness, and countless blessings. As we look ahead to the new year, we’re excited to continue helping you achieve your dreams and build memories in the places you call home. From our family to yours, have a beautiful holiday and a Merry Christmas! 🎁✨

Merry Christmas

Senor Fish

“Established in 1988. For over two decades, Señor Fish has been a beloved staple in Los Angeles, with its iconic logo becoming a familiar sight across the city’s vibrant landscape. Known for delighting loyal patrons with fresh, flavorful dishes, Señor Fish has grown to include five locations: Eagle Rock, DTLA/Little Tokyo, South Pasadena, Alhambra, and Duarte.

Celebrated by prominent food critics such as Ruth Reichl, Molly O'Neill, Jonathan Gold, Merrill Schindler, and Elmer Dills, Señor Fish has earned a place among the city’s most cherished dining experiences. Its signature Caldo Siete Mares (7-Seas Soup) is often compared to the finest bouillabaisse served in top French restaurants, further cementing its reputation as a culinary treasure.”

Mortgage refinance demand surges 27%, as interest rates drop for the third straight week

Mortgage rates dipped slightly last week, prompting a notable increase in refinancing activity. According to the Mortgage Bankers Association, total mortgage demand rose 5.4% week-over-week, driven by a 27% surge in refinance applications, marking a 42% jump compared to the same week last year.

The average rate for 30-year fixed-rate mortgages with conforming loan balances fell to 6.67% from 6.69%, with points decreasing to 0.66 for loans with a 20% down payment. While most current homeowners still hold mortgages below today’s rates, the refinance share of mortgage activity increased significantly to 46.8% from 38.7% the previous week.

Purchase applications dropped 4% for the week but remained 4% higher than the same time last year, supported by growing inventory and sustained demand. Mortgage rates edged up 10 basis points at the start of this week, with the market awaiting inflation data to influence the Federal Reserve’s next decision