Wowzers.

Last week we talked about buckling up and holding tight for the Spring season housing market, but I didn't have such a steep drop in the stock market as another turn on the roller coaster.  Tariff talk is really doing a number on things across the board.  Uncertainty is never great, and makes it really difficult for decision making especially when it comes to money.  There are a few things that are certain though, one of them being Trump's treasury secretary, Scott Bessent, wants the 10yr yield to come down, and thus, rates.  He is getting exactly that.   If you take a look below at the most recent quoted mortage rates from Dara Delgado, my preferred lender partner, we are now at the 6.5% mark.  Is it any coincidence that mortgage purchase applications climbed a whopping 20% last week?  I think not!  We know that mortgage rates are one of the key levers of housing affordability.  
As of last week, we are now at a +48.5% increase in purchase applications since the beginning of 2025.  What do we think will happen if rates stay here or head lower.  If we hit 6%...Watch Out!


What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com

If you are looking for privacy and seclusion, yet close to all the amenities that Auburn has to offer, look no further. This estate is in the Saddleback community & sits on a little over 4 acres with phenomenal sunset views. With a 6 car garage and an additional 800sqft shop space, there is ample room for a car enthusiast or hobbyist. The shop space also has the potential to be converted into an ADU as there is water, power, and heat & air. The home welcomes you with a grand entrance as you enter the front doors. The great room is expansive with a built-in bar for entertaining and a turret with spiral staircase, which makes a great reading nook or piano room! There is another family room on the opposite side of the home with access to the private backyard. The primary bedroom is exceptional with its own fireplace sitting area, private deck, and 2 dream walk-in closets! 38-panel solar system (owned), Generac generator, newer HVAC units, RV hookups, and more. This home has been meticulously maintained by its current owner (please see documentation). This home is truly one you have to experience in person to enjoy all it has to offer!

  Listed at $1,350,000 by Taylor Chicourrat - GUIDE Real Estate
3500 Skyview Dr, Auburn, CA 95602

Know someone who may be interested? Let me know at paul@guiderealestate.com

*These rates are courtesy of Dara Delgado - Home Loans*