Tag Archive for: high rates

Blame Mortgage Banks For High Rates! The One Thing That Makes The Fed Cut Rates

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The Fed looks at many factors when deciding to cut rates, including inflation rates, GDP projections, consumer sentiment, manufacturing output, retail sales, and more. But there is one thing that […]Read More

Why We Love Private Mortgage Insurance (PMI) Now

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Bojack Horseman, FHA and PMI all cultivated horrible reputations in the 1990s. Bojack fostered his young co-star’s drug addiction, and should not be forgiven. FHA used to require full pest reports and clearances with every transaction. That requirement is now long gone, but it stigmatizes FHA to this day.Read More

Temporary Buydowns: A Solution For Combatting High Rates

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The average mortgage rate is over 7.10% now, per Mortgage News Daily. This is almost exactly 1% higher than where they were when they bottomed out at 6.10% in mid-September.Read More

Why Higher Interest Rates Are Good

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Higher interest rates often drive homebuyers to act sooner, help the economy by boosting lending, support retirees and savers, and give the Fed tools to fight future recessions—offsetting modest increases in monthly payments.Read More