Fed Chair Powell informed the world yesterday that the Fed is ready to “pivot” even before a core inflation reading (PCE) hits their desired 2%. And, this was after a lower-than-expected...
According to Felix Zulauf, renowned fund manager and macro-analyst, the 10 Year Treasury yield could spike to 5.5% early next year (which could push mortgage rates up almost 2% from today’s levels)...
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...
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...
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...
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?
When comparing loans, the APR is an invaluable tool. It's not just about the rate of interest; it's about the overall costs of a loan. By factoring in additional fees and costs, APR provides a more...
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!...
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,...
The 1970s were a terrifying decade, proving without a doubt that boomers are not very smart and pretty much tasteless. 😊 We had pet rocks, mood rings, water beds, bell bottoms, unbuttoned...
I frequently remind readers that a recession is likely and that the Fed will lower the Fed Funds rate when the recession hits. The Fed will do this to revive lending, to make borrowing costs cheaper,...
Rates hit a 20-year high yesterday, and we still had 8 contracts come in. So, this is another reminder that real estate still happens – no matter how high rates get.
Buyers are desperately looking for payment relief options right now in today’s high-rate environment. But many of the options available come with higher interest rates that not only offset the...
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