Mortgage Market Update & Support for Wildfire-Affected Communities ??

I hope this message finds you safe and well. My heart goes out to those impacted by the devastating local wildfires in California. What we’ve witnessed over this past week has been unimaginable! It's during times like these that community support becomes more important than ever.

Important Information for Wildfire-Affected Homeowners:

If you've been affected by the wildfires, please know that resources are available to help you through this difficult time.

Freddie Mac is offering mortgage relief options, including forbearance programs and assistance with missed payments.

• Contact Your Servicer: Reach out to your mortgage servicer (the company you send your payments to) as soon as possible to discuss your options.
• Forbearance: You may be eligible for up to 12 months of forbearance, meaning you can temporarily pause or reduce your mortgage payments without penalties.
• Other Options: Freddie Mac also offers reinstatement, repayment plans, payment deferral, and loan modifications to help you get back on your feet.

For more detailed information, please visit My Home by Freddie Mac [Help after a natural disaster].

The Small Business Administration (SBA) is also offering disaster assistance for homeowners, renters, nonprofits, and businesses of all sizes affected by the wildfires and straight-line winds in California. Visit their website at: California wildfires | U.S. Small Business Administration for more information.

Mortgage Market Update:

In addition to the wildfire support, I wanted to share a quick update on the mortgage market. As you may know, rates have been ticking upward recently. Fortunately, we saw a nice reversal yesterday thanks to inflation rates a teeny bit better than expected. However, the rates reacted more favorably than they normally would based on the Fed Chairman’s guidance back in December that they were putting more weight on the nation’s inflation numbers when making rate policy decisions.

What This Means for You:

Whether you're a homeowner, a prospective buyer, or a valued referral partner, staying informed is crucial. I'm committed to providing you with the latest information and guidance.

Please don't hesitate to reach out with any questions or concerns. I'm here to support you in any way I can. Feel free to send me an email or text/call me at 818.307.6072.