Your Trusted Guide for Mortgages & Real Estate
Inflation (CPI) reports came in lower than expected yesterday – and that pushed rates lower because inflation expectations are probably the biggest single driver of interest rates. According to...
Commercial banks are pulling out of the jumbo market rather suddenly – after dominating it for the last year or so. The question is why and what does it mean? […]
When Boomers Are Wrong… For years, I downplayed the efficacy of down payment assistance programs, saying they were too slow to close, too expensive, and/or too off-putting for sellers (so […]
“The story you are about to hear is true; only the names have been changed to protect the innocent.” That was the opening line from the famous 1960s TV series […]
Rates fell again today, exactly like macro pundits Jeff Snider and Barry Habib have been predicting for about a year now. Once again – they both told us earlier this […]
Many individuals are considering purchasing a second home in addition to their primary residence. The increase in remote work makes buying a second home or an investment property possible for many...
I Was Slapped in the Face With Very Good Economic News! For months now, I have been explaining how weak our overall economy is and why that portends much lower […]
While an investment property can be a great investment and source of income, there's a lot to know about buying an investment property.
Borrower Refuses to Lock! We have a borrower who did not want to lock this week because “rates are on a downward trend.” He is totally correct about the trend, […]
Rates plummeted yesterday after Fed Chair Jerome Powell made some comments indicating that the Fed will start to slow its rate increases. Rumor has it that he got early notice […]
1994’s Limit Was $203,150 When I got into the mortgage business in 1994, the conforming loan limit was $203,150. Adjusting for inflation, that is about $408,000 today (almost exactly 2x […]
In mid-November, both Fannie Mae and Freddie Mac made homebuying ridiculously less expensive for many, if not most first-time homebuyers! And – I was remiss for not blogging about it […]
I remember 2018 all too well, as it was one of the worst years in the history of the housing market! Values crashed as much as 30% in some areas, […]
We are getting questions about Assumable Loans again, as there are a lot of sellers with very low-rate mortgages selling homes in our current high-rate environment. If those sellers could offer their...
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