Posts

Rates Shot Way Up Yesterday; Why? Will They Come Down Again?

Interest rates shot way up yesterday – catching most of the industry by surprise (again). This is b/c rates have held amazingly steady for the last several months – but now rates are back up to levels we have not seen since early July. WHY DID RATES GO UP? The primary reason is a “Taper […]Read More

Are China’s Woes Good for Mortgages and Real Estate? Yes, and No

CHINA LOWERED OUR INTEREST RATES Rates opened up lower today, partially b/c of the issues China is having with some of its more debt-laden companies such as Evergrande (the huge Chinese Developer teetering on bankruptcy, that was all over the news last week) – according to Barry Habib of MBS Highway. Mr. Habib reminds us […]Read More

Still No Housing Bubble – Because Rates Are 3% Lower Than In 2006!

MBS HIGHWAY HITS HOUSING BUBBLE AGAIN Barry Habib, Founder of the MBS Highway, hates it when the media spreads irrational fear about a housing bubble. He also shares marketing materials that subscribers to his content are allowed to share without attribution to him, but that is anathema to me. Below is a script he recently […]Read More

No Housing Bubble Here Part XXII; 12 Million More Households Than In 2007!

17% ANNUAL APPRECIATION SCARES PUNDITS Housing appreciated 16.6% from May of 2020 to May of 2021. This is a record and it is again sparking media concerns that we are in a housing bubble. So, I am hitting the issue again to allay concerns, and I am again relying on our friend Barry Habib, founder […]Read More

Housing Inventory Shortages – Is Help On The Way?

INVENTORY SHORTAGE – WILL THERE BE RELIEF? Homebuyers nationwide are facing severe housing inventory shortages while median home prices continue to rise. Pundits are weighing in on whether relief is on the way or not. Ken McElroy says relief is on the way. In this four-minute video, real estate guru, Ken McElroy points out why […]Read More

Is The Housing Affordability Crisis A Myth?

We constantly hear horror stories about the housing affordability crisis, and how it will push too many buyers out of the market and foster a correction of sorts. CNBC’s Diana Olick is one pundit who frequently spreads concern about the issue, as she did in this recent article. And, here is another recent example from […]Read More

Inflation Is Here! Why Didn’t Rates Climb More?

Inflation numbers came in sharply higher today and rates increased – but only a little. Here is a brief summary of the numbers from the Bureau of Labor Statistics. Long story short: Inflation numbers are higher than expected and at their highest level since 2008. So, the question is why didn’t rates spike up further […]Read More

Will Mortgage Rates Fall Again? What Are The Variables?

I received numerous questions in regard to mortgage rates yesterday, e.g. Will they come down again? Should I lock now or wait? What do I think will happen? As always, my answer was don’t wait to lock in your rate b/c nobody has a clue what will happen. VARIABLES AT PLAY I responded that way […]Read More

What Will Happen To Mortgage Rates in 2021

Here is my bold prediction for mortgage rates in 2021: They will go up and down. You can take that to the bank! OK – here’s a more specific prediction – they will edge up about 1/2 percent before coming down again to where they are now or even lower. This is from rate-guru, Barry […]Read More

Habib’s Optimistic Housing Market Predictions; What About Agents Who Are Unable to Leave Home?

Everyone is asking and wondering what will happen to the housing market as a result of the COVID-19 crisis. And fortunately one of the most accurate prognosticators weighed in on the topic in this recent Housing News Podcast. The prognosticator is Barry Habib, CEO of MBS Highway. I quote him often b/c he is apolitical […]Read More

Forbearances Explained; ≠ Free Lunch; Mortgage Industry In Panic Mode

The entire Mortgage Industry is in a state of panic right now. This is b/c so many potential borrowers could skip or miss payments, and b/c the Fed is pushing mortgage rates down too quickly and putting enormous financial pressure on mortgage lenders. Mortgage lenders and servicers are both facing enormous losses for a variety […]Read More

#1 Reason We’re Not In A Housing Bubble; Life Events & Housing

I am asked every week by friends, family, team members and clients if I think “now is still a good time to buy” and “do I think we are in a housing bubble.” Even though I blog about this often, everyone still wants reassurance. And some of the strongest reassurance I have yet to see […]Read More

Will Rates Fall Again? Yes, But Probably Not Soon

Barry Habib is a relatively famous mortgage industry pundit and a Broadway musical producer (l learned today) who was on The National Real Estate Post today discussing the future of interest rates. He has a lot of credibility in the industry as of late b/c he has become relatively skilled at predicting interest rate movements, […]Read More