Spring has officially arrived.  Let's see what my favorite time of the year has in store for us, shall we?
The mortgage market does not want to maintain its downward momentum.  Of course, it is important to remember that most things in the economic world do not happen in a straight line.  So the ebbs and flows are natural.  With that said, we are back in the 6.75% realm of 30yr mortgage rates and we had a -6.2% purchase application print last week.  April 2nd is coming up quickly, otherwise known to President Trump as "Liberation Day".  This is the day the tariff plans with our worldwide trade partners are due to go into effect.  It increasingly sounds like there is a lot of flexibility with these plans, but still, it seems the uncertainty of everything is weighing on yields and rates.  With that said, it simply looks to me as if the 10yr yield is consolidating within a smaller range with less wild swings in either direction.  Mortgage rates are the main lever for buyer affordability in this market as prices refuse to make any significant move lower.  The image below that I'll leave you with to end March is exactly why prices refuse to budge here in California.

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

If you're looking for some rest and relaxation in Sacramento...this is it, Asha Urban Baths! I went with my buddy Justin a couple weeks ago.  We did the Bathhouse single visit, two hours for $39.  Worth every dollar.  We did about three rounds of soaking in the spa, sauna and steam rooms and finished with a cold plunge, then start again.  No cell phones allowed inside the bathhouse, so give yourself the gift of two peaceful hours sometime!  I'll be looking for a break in our schedule to take the wife next.

As requested, I will be adding a small blurb on the stocks I am looking to buy for myself in my ROTH IRA account.  I will do this once a month in the week 4 newsletter.  It is not investment advice, simply what I am personally looking at and have already bought or looking to buy.

My most recent purchase is $CRDO.  Here's a summary from Seeking Alpha:

Sign up for Robinhood with my link and we'll both pick our own gift stock  https://join.robinhood.com/paulp-89188604