Newsletter, 3/11/22

Mortgage rate forecast for next week (March 14-18)

After decreasing for the first time in a month, mortgage rates had a big drop.

The average 30–year fixed interest rate fell from 3.89% on Feb. 24 to 3.76% on March 3.

High inflation and elevated consumer spending drove significant interest rate growth to start 2022. However, the Russian invasion of Ukraine caused uncertainty in global markets and led to two consecutive weekly decreases.

Next week’s Federal Reserve meeting should provide clarity around how rates will generally move through the rest of March.

Aside from the Ukrainian conflict casting uncertainty into global markets, all other major indicators point to mortgage rate growth.

The most likely outcome will be average interest rates on an overall uptrend in the next three months. Of course, they have high variability and rarely go in a straight line from week to week so we could even see some drops mixed in as well. READ MORE

REAL ESTATE NEWS

Mortgage Rates Rose Above 4% After the Latest Inflation Report.

Experts Say to Focus on What You Can Control

Key Takeaways:

The average 30-year fixed mortgage rate rose to 4.14% this week after dropping below 4% last week.
Rates have generally risen in recent weeks, driven in large part by inflation, which was 7.9% year-over-year in February, the highest in 40 years.
Expectations that the Federal Reserve will start raising its benchmark short-term interest rate this month have also pushed mortgage rates up recently.
Russia’s war in Ukraine has led to more volatility in financial markets, leading to big swings in rates the past few weeks.
Despite the increases, rates remain near historic lows. Experts say buyers should focus on getting the best rate they can rather than trying to time the market.

Mortgage rates shot back up this week, with the average 30-year fixed rate hitting 4.14% a week after dipping below 4% last week. READ MORE

2022 Mortgage Rate Forecast: Housing Authorities Weigh in

The question is no longer when mortgage rates will rise — it’s how much they will rise. The following round-up reveals what leading housing authorities believe 2022 will hold.

Key Takeaways

What do the mortgage rate forecasts mean for homebuyers?
2022 mortgage rate forecast chart
National Association of Realtors’ (NAR) forecast
RealtyTrac’s forecast
Fannie Mae’s forecast
Freddie Mac’s forecast
Mortgage Bankers Association’s (MBA) forecast
Kiplinger’s forecast

OPEN HOUSE, Saturday 1pm – 3pm
2259 Revival Ln, Rio Vista, 2bd/2bth/1837sf

Located in the new active adult community, Summit at Liberty, the Lincoln model is bright & cheery, shows like a model home. Professionally landscaped with drip system & low maintenance, so just bring your furniture. Very private for the lot is fenced. The Lincoln model is a 3 bedroom 2 bath home with a room that can be used as formal dining, den or as seller, combo den/office. Laminate flooring throughout, blinds & custom paint. Granite kitchen counters, stainless sink & appliances with bar for dining. The pantry is large so will delight your chef. The seller has replaced ceiling fans and has installed a ceiling fan in the patio area. Comes with paid solar. The amenities are beautiful, pool, large spa, bocce ball courts, pickleball & tennis courts & even a wine bar area. READ MORE

JUST LISTED- 349 Spyglass Dr, Rio Vista, CA, 1,767sqft

Asking $525,000 – Located in the active adult community, Trilogy, this home is located on the 6th fairway with a fabulous view of the pond, facing SW. The patio has a partial cover enclosure that protects homeowners from golf balls. Perfect place for entertaining. This Belmont model, open floor concept has newer laminate flooring, with upgrade mantle, entertainment area for TV, and trim around all windows to give a finished look. The home is painted in designer colors. The Master bedroom has a slider to a private stamped patio. Perfect location for morning coffee or afternoon beverage. Amenities offer activities for everyone, from tennis, pickleball, table tennis, drama clubs, golf, bocce, billiards, computer room, 2 swimming pools & spas (indoor & outdoor), BBQ at the outdoor pool, dog park. Just bring your furniture!! READ MORE

PENDING – 343 Silver Ridge Dr, Rio Vista

Price Reduction $523,000 – Newer Reflect model, located in the Active Adult Community, Trilogy at Rio Vista. Shows like a model, 2 bedroom, 2 bath with upgrades. Plank tile throughout with carpet in bedrooms. Den has double glass doors. A gourmet kitchen with white cabinets, soft close drawers, quartz counters & backsplash, and stainless appliances makes for an enjoyable entertainment space. The Master bedroom has a Mitsubishi air/heat unit that adds additional comfort. The Master bath has a barn door that provides privacy, a walk-in closet with a pass-through to the laundry room. READ MORE

St. Patricks Events in Northern California this Week-End

Trilogy Saint Patrick’s Celebration, Dinner & Dance

Date and time: Sat, March 12, 2022, 6:00 PM – 9:00 PM
Location: Trilogy at Rio Vista, 1200 Clubhouse Drive, Rio Vista, CA
Cost: $35.

Corned Beef & Cabbage Feast catered by Monarch Grill and Live Entertainment, featuring Extended Roots, an 8 piece Celtic Band. Good times!

About this event

Celebrate St. Patrick’s with your Trilogy Community in true Irish spirit! Corned Beef & Cabbage Feast catered by Monarch Grill and Live Entertainment featuring Extended Roots, an 8 piece Celtic Band. BYOB – water and coffee will be served. Complimentary festive party favors, photo ops, grub, jigs and reels!

The Altons. Saturday, Mar 12, 2022

Great American Music Hall, San Francisco, CA

$20 ADV / $20 DOOR
Doors at 8pm / Show at 9pm
How would you characterize the sound of Southeast LA? The Altons, natives of the region, combine dust kicked up from backyard parties with evening Art Laboe listening sessions, evoking a sound that veers far from the shadows.

The Altons curate a ballad of retro-indie-soul that has captivated local audiences for several years, quickly driving them to become a staple of the scene. READ MORE & BUY TICKETS

Morgan James at Blue Note Napa

Blue Note, 1030 Main Street, Napa, CA

Friday, March 11, 2022 9:15 pm & Saturday, March 12, 2022 6:30 pm

About Full Food and Bar Menu Available in all sections ALL ORIGINAL TICKETS FROM SATURDAY, MARCH 28TH 2020 & SATURDAY, AUGUST 29TH 2020 & SATURDAY, JUNE 26TH 2021 @ 6:30 PM will be honored on Saturday, March 12th 2022 at 6:30PMEach Morgan James Meet & Greet Experience Package Includes: Pre-Show Meet and Greet and Photograph with Morgan James Private 1 acoustic song by Morgan James and her guitarist Doug Exclusive Autographed Show Poster. READ MORE

Calaveras Celtic Faire

The 36th Annual Celtic Faire will return to Calaveras Fairgrounds
March 11-13th 2022, Calaveras Fairgrounds, Angels Camp, California

A CELTIC HERITAGE CELEBRATION

The 36th Annual Calaveras Celtic Faire returns with the Largest and Biggest Celtic Event on the West Coast! Celebrating the cultures of Brittany (Breizh), Cornwall (Kernow), Wales (Cymru), Scotland (Alba), Ireland (Éire), Isle of Man (Mannin, or Ellan Vannin) Galicia (Galiza), and Asturias, (Asturies)

We are welcoming back the Imperial Knights Tournament of Champions!
Imperial Knights Production Company produces an exciting medieval tournament with spectacular stunts on horseback, jousting and top-of-the-line, hand-to-hand combat with a variety of medieval weapons, cheer on your favorite knight!
We pride ourselves on our sword fighting and heavy armor jousting capabilities. With practice and hard work, we get better every day. Don’t miss any of the excitement when the Imperial Knights take the field!

Friday is an educational day for families and students. No alcohol is served, because it is a day for cultural and historical learning. See schedule for educational entertainment and exploring.

SERVICE DOGS ONLY, NO PETS ALLOWED

No Outside Food or Drinks
No Ice Chests
No Guns or Weapons
Historical swords & daggers Must be Peace Tied
Entertainment or Times subject to change
Open rain or shine.”

BUY TICKETS HERE