Tag Archive for: boomers

Iran Tensions Push Rates Up Again; Dead Boomers – Good or Bad? Appraisal Waivers Saving Deals!

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Mortgage rates bottomed out at 5.99% on February 27th – the day before the Iran war started. Rates peaked one month later on March 27th – hitting 6.625%. Rates then fell steadily into April but have since been rising in response to escalating tensions and rising oil prices. I share all this because rates shot up again today in response to Trump’s latest action, called “Project Higher Interest Rates.” OK – actually it is called “Project Freedom.” It is an effort by the U.S. to restore freedom of navigation through the Strait of Hormuz and free stranded commercial vessels. This action escalated tensions and pushed oil prices (the main cause of higher rates) higher again. Today’s average mortgage rate is 6.52%. We’re still below the peak we saw in March, but we’re getting close.Read More

The Huge Problem With Boomers; The #1 Reason To Buy A Home!

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In the 1960s, over 50% of America’s 30-year-olds were both married and homeowners. That percentage is down to 12% today.Read More

Why Do Boomers Own Everything? And Why It Could Get WORSE!

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This meme, "Boomers selling their homes for $2 million after buying in 1969 for 7 raspberries… " showing a bunch of old boomers dancing, never fails to make me laugh.Read More

Boomers Dominate Market Again – Uh Oh! When FHA Reigns Supreme

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FHA Is Better than Fannie Mae for Buyers with a FICO under 740 and Less than 5% Down! This is just another reminder that FHA financing is often much better […]Read More

Boomer Dads Are Driving Real Estate Agents Nuts

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A few years ago, we helped a young woman repair her credit and worked with her for months to qualify for a condo purchase. When she was finally in contract, […]Read More

6 Things I Learned From Boomers; Credit Inquiries; HOA Dues; In-Laws And Total Square Feet

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Borrowers can have an unlimited number of credit inquiries from mortgage lenders over a 45-day period, and the credit scoring models will treat it as a single inquiry. This is an extremely important reminder for our many borrowers who are very concerned about their credit scores.Read More

Why Humor Is Necessary To Advance Your Career & Life

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In this recent Prof G Show podcast (hosted by NYU Professor Scott Galloway), two authors and Stanford professors shared their research in regard to humor and how it can be employed to advance our careers.Read More