Whenever we are in or near an election year, I hear everyone, including my dogs Steve and Mike, say that “rates will fall because it is an election year...” Steve and Mike can be forgiven of...
Accessory Dwelling Units (ADUs) come with many names, as the title of this blog implies. They are more popular than ever now as a solution to solve the affordable housing shortage and to provide...
Treasury Secretary Janet Yellen has been trash-talking recently, telling the world that soft landing/no recession skeptics are now “eating their words…” Unfortunately for Janet, the crude oil...
We saw something very unusual in November: both stocks and bonds had record months! This Reuters article – Average 60/40 portfolio has best month in November since 1991 – BofA […]
America has not been this contentious or polarized since the Civil War – as most readers know. Many people blame social media for this polarization. The ability to post online without being...
A key inflation report, Personal Consumption Expenditures (the Fed’s “favorite”) was released today, and it showed that inflation continues to cool. But, despite that, rates went up. This...
The FHFA (the agency that regulates Fannie Mae and Freddie Mac) just announced its new conforming loan limits, and the new limit for “high-cost” areas is now $1,149,825! This means that...
The perceived commoditization of mortgages terrifies mortgage lenders for several reasons: low margins, high-cost structures, the necessity of high-touch service, just to name a few, so what's a...
Mortgage rates fell almost 3/4% since mid-October – while the 10 Year Treasury yield fell about 6/10%. We’ve seen rates fall before, so who cares?
With a 25% down payment, almost anyone can get a DSCR mortgage – even if the property does NOT cash flow with rent. DSCR stands for Debt Service Coverage Ratio Loans – and most readers are aware...
EVERYONE and I mean EVERYONE is in a panic over our massive deficits and the subsequent borrowing by the U.S. to cover them – because it has the potential to push interest rates through the roof!...
Mortgage lenders won’t go near lot loans for many reasons – and here are a few: (1) regulators, investors, and creditors prohibit them from doing lot loans; and (2) lot loans are much riskier –...
The markets are going crazy, as everyone tried to anticipate the Fed’s next move. When deciding to raise or lower rates, the Fed watches (1) the labor markets; (2) inflation; and (3) consumer...
They Screamed: “Never Sell Rates!” I was a member of The CORE Training Program years ago, and it was very effective, as they preached focus, financial discipline, time-blocking, non-stop selling,...
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