Just when you think rates can’t go any higher… they go higher. Many prominent analysts think they can go much higher too – all the way to 9% in some cases. Chris Whalen is one, as he...
I. In Monday’s blog, I mentioned that sellers could offer a first-year rate of 4.49% with a 3-2-1 seller-paid buydown. This is what shocked me. I have blogged about temporary buydowns at...
Beef prices have soared since 2020. Ground beef is up from just over $4 per pound to almost $7 per pound on average. At the high end, ribeye steaks have risen from as low as $9 to as much as $40 per...
Rates fell today on news of possible diplomatic talks between the U.S. and Iran and news that oil shipment volume has been higher than analysts thought.
I. Radiologists: The Best AI & Economic Lesson Ever? In 2016, Geoffrey Hinton (The “Godfather of AI”) predicted that radiologists would be obsolete in five years. BUT – now there's a...
We can lend against the half-finished home, as long as the appraiser gives no or minimal value to the unfinished portion (just calling it “storage”), and only gives value to the finished portion...
Today was the worst-case scenario for interest rates. But – at least there are some very interesting takeaways. 1. Iran’s Most Powerful Remaining Weapon Is Working. Iran’s military...
I. Don’t Count On Large Age Adjustments by Appraisers, Unless… We used to finance new home purchases for a large developer that offered minimal front landscaping, no rear landscaping, and...
I. Agents and Loan Officers Have No Idea How Lucky They Are Right Now – Because the Economy Is So Weak! The 10-Year Treasury yield is over 4.7% - a level we saw in 2023 when inflation was...
I was going to blog about the new appraisal form – but this is too big a deal to ignore today. There is only one thing Donald Trump fears more than an orange makeup shortage or a windy day: high...
Rates continue to rise not just because of oil prices but also because of Fed Chair Walsh!
The dog park near my CA home is populated entirely by boomers with free-and-clear $3+ million homes – and very fat retirement accounts.
I. Woohoo – Rates Fell! The 10-Year Treasury yield fell a “whopping” 4 basis points (4/100th) this morning…and the mortgage industry cheered (even though mortgage rates barely...
I. Why Oil Prices Are Not Spiking (and…Thank God, They’re Not) The last time the Iran war heated up like it is now, oil prices surged to over $100 per barrel. But today, West Texas Crude...
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