NMLS 338105

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   NMLS 337855



New Home Purchase
Purchase Basics, Qualification, Loan Calculators (How much home can you buy?)

Refinance Basics, Loan Calculators

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Alternative Mortgage Sources is an independent loan brokerage owned and operated by Broker/Owner Beth Hoffman since 1986. Beth has earned a reputation for "demystifying the loan process" while delivering superior service to over 2,500 clients throughout the state of California.

Alternative Mortgage Sources is a full service mortgage broker offering expertise in every area of mortgage lending...from purchases to refinancing. We have access to a full range of mortgage sources to find the right loan — with the best rates, terms and costs — to meet our clients' unique needs. But that's just the beginning. Throughout the lending process, we provide regular loan updates and progress reports so clients always know the status of their loan.

Beth Hoffman, dba Alternative Mortgage Sources,
CA Dept. Of Real Estate Real Estate Broker, DRE # 00685309
NMLS #337855/NMLS #338105


September CPI Shows Persistent Inflartion Pressure

13-Oct-21 9:17 ET

10-Year: - 6/32 1.570%   US/JPY: 113.60  EUR/US: 1.1547 


Data Recon

  • Total CPI in September was up 0.4% month-over-month (Briefing.com consensus +0.3%) following a 0.3% increase in August, and core CPI, which excludes food and energy, was up 0.2% (Briefing.com consensus +0.3%) following a 0.1% increase in August.
    • The key takeaway from the CPI report was the year-over-year figures, which showed persistent inflation pressures. Total CPI was up 5.4%, versus 5.3% in August, and core CPI held steady at a lofty 4.0%.
  • Indexes for food (+0.9%) and shelter (+0.4%) accounted for more than half of the all items increase.
  • The index for food at home jumped 1.2% after increasing 0.4% in August.
  • The energy index increased 1.3% after increasing 2.0% in August. The gasoline index was up 1.2% versus a 2.8% jump in August.
  • The new vehicles index increased 1.3% while the used cars and truck index fell 0.7%.
  • The index for owner's equivalent rent increased 0.4%.

Yield Check:

  • 2-yr:  +2 bps to 0.37%
  • 3-yr:  +6 bps to 0.66%
  • 5-yr:  +1 bp to  1.09%
  • 10-yr: -1 bp to  1.57%
  • 30-yr: -3 bps to 2.08% 

Bond Market Update

Prop. 19 passes, but questions about California property tax measure remain