“What’s good for General Motors is good for America!” That is a slight bastardization of a quote famously uttered by GM’s CEO in 1953 – and he was largely right. What is ironic,...
Oil prices (WTI) spiked up to $90 per barrel (from only $66 prior to the war), and rates rose again in response. Interesting thing number #1: Inflation fears trump weak labor markets. A very weak...
We saw record loan volume last week, hitting a number of locked loans we have not seen since 2022. Then…it all stopped. The reason, of course, was the Iran war – which threatens the distribution...
Almost nothing impacts interest rates as much as inflation. This is because bond investors (who control interest rates) demand higher yields (rates) when inflation runs hotter. Agents and mortgage...
Rates shot way higher Friday – Tuesday – with some interesting implications. Lenders everywhere spent yesterday saying “I told you so!” to all of their borrowers waiting for rates to fall...
The 10-Year Treasury yield shot way up today – unexpectedly. The reasons? Higher oil prices sparking inflation fears, and a move into stocks and out of bonds (flight from “safety” into “risk...
We often have buyers or agents ask: “What is your 15-year rate today?” Or “What is today’s interest rate?” We always respond by explaining there is “no single rate” because...
“We should ban rich people from going to McDonald's to bring down McDonald's prices.” 😊 George Gammon said that in jest in response to Mr. Trump’s ban on institutional investors from...
Every year I predict rates will fall: A) It’s a holiday tradition. B) I was much less wrong last year (whew). Despite all the inflation predictions and concerns about too much Federal borrowing,...
Something very odd happened in July of 2008 – only a few months before the biggest financial meltdown since 1929. Inflation was over 5% (double today's levels), the Fed was panicking, and the...
We had an appraisal sliced to ribbons yesterday by a review appraiser, and that was the impetus for this blog. The appraiser thought he was doing us a favor by coming in at contract price, but...
The government was shut down for a record 43 days and … the mortgage and real estate industries hardly noticed. We had one flood insurance issue at JVM, but our buyer was able to find private flood...
A home equity line of credit, or HELOC, lets you tap into your home’s value for flexible financing. This guide explains how a HELOC works, what to expect during the draw and repayment periods, and...
An alarmingly bad “Challenger Job Cuts” surfaced today, and rates fell as a result. Among other things, we’re seeing a 22-year high in announced job cuts, and hiring plans are down a whopping...
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