New fee of 0.5% on mortgage refinances | Bay Area Real Estate Market Update August 14, 2020

Every week, I go over news that can affect Bay Area Real Estate. I look into news and data that can affect the Silicon Valley Real Estate Market. Tune in weekly and ask me anything! New fee of 0.5% on mortgage refinances https://www.housingwire.com/articles/new-fee-on-mortgage-refinances-could-cost-homeowners-1400/ UWM announces 1.99% rate for 30 year fixed rate mortgage https://www.housingwire.com/articles/uwm-announces-1-99-rate-for-30-year-fixed-mortgage/ Average U.S. mortgage rates rise from record low https://www.housingwire.com/articles/average-u-s-mortgage-rates-rise-from-record-low/ Mortgage applications up 6.8% https://www.housingwire.com/articles/mortgage-applications-are-up-6-8-with-refinance-activity-leading-the-way/ When it comes to home sales, August is the new May, keeping agents busy into the fall https://www.housingwire.com/articles/for-home-sales-august-is-the-new-may-keeping-agents-busy-into-the-fall/ Latest Market Data for all counties in the Bay Area https://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing --- Want to talk about your real estate goals? Find a time on my calendar! www.Calendly.com/sphsu04 Looking for a real estate agent in your city? I have a network of top producing agents around the country. Email me and I can put you in contact with an agent in your area. [email protected] Connect with me on social media: Instagram: @SpencerHsuBayAreaRealtor Facebook: @bayareatechrealtor Linkedin: https://www.linkedin.com/in/spencerhsu/ Subscribe! Youtube: https://bit.ly/3f8kaDL Podcast: https://bit.ly/3bJx886 Get added to my monthly insights newsletter via email! https://bit.ly/3hqN1DX Want to see every active home from the MLS through my website? Go to https://spencerhsu.exprealty.com/ OR Download my mobile app: https://spencerhsu.exprealty.com/app.php READ MY REVIEWS FROM PAST CLIENTS: Yelp: https://bit.ly/2z08HGk Zillow: http://bit.ly/2VEJBWr Realtor.com: https://bit.ly/2TyzYGX —— Born and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. I have helped 23 families within the last 12 months for $30MM in happy transactions! Spencer Hsu, MBA Tech Realtor [email protected] (408)223-5493 EXP Realty DRE #02077253 www.homesbyspencerhsu.com #bayarearealestate #TechRealtor

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