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The Wire: Mortgage Rates 6.46% | AI Power Deals | Metal Thefts Hit SCV | CWH-2026-099
Description
Mortgage rates are sitting at 6.46% and inflation fears could push them to 7.5% by summer. What does that mean for you if you are trying to buy a home in the Santa Clarita Valley right now? It means the window is open while the sidelines are packed. It also means the refinance boom has not even started yet. When it does, it will be explosive.
Anthropic just locked in a massive power deal with Google and Broadcom for multiple gigawatts of TPU compute capacity to fuel next-generation AI models by 2027. Enterprise AI spending doubled in two months. The infrastructure arms race is real and it is driving the construction and manufacturing job growth that the Bureau of Labor Statistics is celebrating. But nobody is counting the white collar seats that AI emptied. The April jobs report says 178,000 new positions added. Where? Data centers. The very buildings that house the machines replacing office workers.
Metal thefts are surging across Los Angeles County and the Santa Clarita Valley. Construction sites and community infrastructure are being targeted. This mirrors the pattern from the last foreclosure cycle. Economic desperation fuels organized property crime. Get a camera on your property. Motion activated. Visible. Make the criminal pick someone else.
Two women from Los Angeles were busted in Santa Clarita for a wallet swiping spree targeting shoppers across the valley. Pay attention to your surroundings. Do not make it easy for them.
A 2.8 magnitude earthquake hit the Castaic area Tuesday night. Should you get earthquake insurance? Look at the deductible. Most policies have shifted to 2% to 3.5% percentage based deductibles. On a $700,000 home that is $14,000 to $24,500 before the policy pays anything.
The $17,000 fixed fee to sell your home in the Santa Clarita Valley. Not a percentage. The work to sell a house does not change based on the price. Twenty seven years of watching sellers get overcharged built this model.
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