Your Trusted Guide for Mortgages & Real Estate
I looked back at historical data to see how much stock market crashes bring down rates, and the results were both fascinating and encouraging (if you’re in the mortgage industry).
I. Homes Need Permanent Heat Sources Every property needs a permanent heat source to be eligible for financing. Sometimes appraisers don’t notice if there is no heat source (unless there are...
Today’s average mortgage rate hovers around the 6.75% mark - a full 3/4% higher than the 5.99% we saw prior to the Iran War. The mortgage industry, which had ramped up for what they thought...
Zillow’s extortion tactics are reason #1 why I despise the company, but I have more...
The New Federal Reserve Chair: Kevin Warsh It is a well known fact that Mr. Trump desperately wants to see lower interest rates. As a former real estate guy, he […]
We are going to see a 1987-style stock market crash (only worse) for sure, and it is only a matter of when. I have blogged about this many times, but investing guru Mike Green was just on this...
I. In February, I Comically Predicted Rates Would Drop as Low as 5.5% This Year. I Missed Two Major Events That Are Very Likely to Keep Rates Elevated for Some Time. The Obvious: The Iran War. It...
In 2023, San Francisco was an absolute basket case – having fallen from the coolest place on earth pre-COVID to a largely vacant, crime-ridden hellhole.
If the spread between the average mortgage rate and the 10-Year Treasury Yield was at 2023 levels, today’s average rate would be 1% higher! (The average rate would be close to 7.4%!).
A few weeks ago I wrote this blog: Your Grandma's SEO is officially dead. In that blog, I mentioned how our online lead volume plummeted over a few short months because the rules for online search...
Oil prices plunged last night on credible rumors that the U.S. and Iran are close to an agreement to end the war. And, as I’ve been noting since the war started, as goes oil, so go rates. Rates...
Mortgage rates bottomed out at 5.99% on February 27th – the day before the Iran war started. Rates peaked one month later on March 27th – hitting 6.625%. Rates then fell steadily into April...
Europe and Asia are facing the worst energy crisis ever because of the Iran war. 50 countries have now imposed strict austerity measures as a result.
Interest rates shot higher yesterday after the Fed signaled there would be no further interest rate cuts this year. And because 99% of Americans mistakenly believe the Fed is all-powerful when it...
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