Your Trusted Guide for Mortgages & Real Estate
Man, do we have a lot to be angry about! The Iran war pushed up oil prices, inflation, and rates – putting a massive damper on our springtime real estate boom. Excess regulations make every...
In 1985, when I was motorcycling across America, I stopped at a dive bar in West Virginia for lunch because it was the only place around. It had that depressing, all-too-quiet,...
Oil was way up this morning, as were gold prices – and I was very worried about the ceasefire collapsing! But… oil prices just fell again, suggesting that something is signaling to oil traders...
It was an amazing thing to behold! I watched the 10-year Treasury yield fall almost 15 basis points or 0.15% (a huge drop) very quickly when the ceasefire was announced yesterday. I also watched oil...
Uh oh… There is a real risk we could see 8%+ mortgage rates over the next few months. Economist Steve Hanke is on the warpath, sharing post after post about the enormity of the threats to the...
Per our client’s agent, there were 22 offers – and our client’s $1,150,000 offer was not even in the running. So, we’re assuming the home sold for close to $1,200,000, but we won’t know...
On Friday of last week, JVM sent commandos into all of CrossCountry Mortgage’s offices in the SF Bay Area. The raid was very successful, as we shut down all of CrossCountry’s Bay Area...
This is a reminder that appraisal contingencies and/or proof of funds to cover appraisal shortfalls are unnecessary with large down payments. This is because lenders can easily shift financing from...
Oil prices – which have been sparking inflation fears and driving rates higher – rose again over the weekend. But rates fell sharply today in the face of rising oil prices. Rates fell because the...
Economies can’t handle interest rate shocks (the mortgage industry is a case in point), and the repercussions put politicians in deep peril. So, it is a certainty that nobody is freaking out...
There are companies in college towns that make their money by renting apartments to college kids and keeping their security deposits when the kids move out – no matter what. It is an incredibly...
This is something I thought I’d never see in this rate environment! Our extremely well-qualified buyers are repeatedly getting outbid in multiple-offer situations in the SF Bay Area – with as...
President Trump was panicking last night. Guaranteed. Sheer panic. This is because, in what was the most interesting weekend in finance in the last 18 years, there were two forces that brought Mr....
Interest rates shot way higher today, and I will explain why below. I. “2005 Mortgage Man” will be studied by anthropologists for centuries. This is because there has never been a more...
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