Interest Rates

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Bond Yields/Interest Rates Soar! Uh Oh! What’s Really Scary?

I was at a mortgage conference yesterday with 50 of the biggest producers in the industry, and there was panic in the room. The reason? The bond market was melting down in response to a much higher...

October 4, 2023 3 min read

Government Shutdowns – Much Ado About Very Little; The Impact of Shutdowns!

It looks like we averted another government shutdown at the 11th hour over the weekend. While shutdowns do impact people within the government, they do not actually impact the rest of us that much....

October 2, 2023 5 min read
Government Shutdowns – Much Ado About Very Little; The Impact of Shutdowns!

Rates Hit New Record; Credit Card Stimulus; Rosenberg Says Today = 2007; Dollar Is Surging; CA Insurance Crisis; Thank God I Was Stupid In 1995

Mortgage rates hit a new 23-year record high today partially in response to initial jobless claims coming in lower than expected. Rates increased because investors know how much the Fed focuses on...

September 28, 2023 4 min read
A cute white house with a lush green back yard lined with pavers.

Why I Was So WRONG About Rates; Why It Matters So Much

If you google “wrongness,” you’ll see a picture of me screaming “Rates will fall by March of ’23!” I am wrong a lot actually and am not afraid to admit it because it makes for great...

September 27, 2023 6 min read
Why I Was So WRONG About Rates; Why It Matters So Much?

Putting the Airbnb “CRASH” Into Perspective; Rates Hit New Record High & Will Go Higher!

Mortgage rates hit a new 23-year-high today in response to more inflation fears and nervousness about this week’s economic releases. I listened to several analysts over the weekend say that they...

September 25, 2023 4 min read
Putting the Airbnb “CRASH” Into Perspective; Rates Hit New Record High & Will Go Higher!

Renting Vs. Owning When Rates Are Over 7%; What the Doomsayers Miss!

The media are scaring the sh*t out of potential buyers again! And another myth they are pedaling is that it is now far better to rent than it is to own.

September 22, 2023 4 min read
Renting Vs. Owning When Rates Are Over 7 Percent

Rates Shoot Dangerously High After Fed Said Rates Would Hold; What Gives?

I spent ALL morning thinking about chunky highlights; gaucho pants; “wide-ass belts"; swoopy, floppy hair; wide headbands – and many other things that were cool in 2007, but aren't cool now! My...

September 21, 2023 4 min read
Rates Shoot Dangerously High After Fed Said Rates Would Hold; What Gives

Buyers Waiting For Rates to Drop (Solutions); It’s “Fed Day” too!

There are approximately 735 million buyers (give or take 734 million) on the fence right now, "waiting for rates to come down" - before they buy.

September 20, 2023 4 min read
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The Death of Inflation; Some Fascinating & Necessary Perspective

Today’s inflation report came in surprisingly tame, despite rising energy prices. It is another indication that inflation is clearly waning, as both Jeff Snider and Barry Habib have been predicting...

September 13, 2023 5 min read
The Death of Inflation; Some Fascinating & Necessary Perspective

Short-Term Credit Repair Can Lower Rate 1%! It’s Free and Easy

We always offer free credit repair to borrowers whenever we see the potential for obvious “fixes” on a credit report. To be clear, increasing a score by 140 points is a big reach, but we do often...

September 8, 2023 3 min read
Short-Term Credit Repair Can Lower Rate 1%! It's Free and Easy

Goldman Sachs: “Only 15% Chance of Recession in 2024” WHY???

Gammon shreds all of Goldman’s assertions in his video, reminding us that Goldman completely missed the 2008 financial crisis with its previous predictions, as well as the inflation runup we just...

September 7, 2023 4 min read
Goldman Sachs Only 15% Chance of Recession in 2024 WHY

When Will Mortgage Rates Drop?

Mortgage Rates Will Drop 2% On January 8, 2024! Or not, because nobody has a clue what will actually happen. A recession was delayed due to stimulus, but it is coming, and rates will fall – likely...

September 1, 2023 4 min read
When Will Mortgage Rates Drop

The Dangerous Cost of Low-Ball Offers! Student Loans Are Due Again!

While mortgage rates are generally holding, 10 Year Treasury yields fell for the third day in a row. I mention this at the top of the blog because this is something we have not seen since May; the...

August 31, 2023 3 min read
The Dangerous Cost of Low-Ball Offers! Student Loans Are Due Again!

Why So Many Lenders Have Rates Below the National Average (it’s not what you think)

We got the JOLTS report yesterday and the ADP report today, and among other things, we are seeing: (1) slower job creations; (2) the creation of part-time jobs instead of full-time jobs, making new...

August 30, 2023 5 min read
Why So Many Lenders Have Rates Below the National Average (it’s not what you think)
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