Tag Archive for: inflation

6 Reminders for Depressed Real Estate Agents

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A prominent loan officer who has been meeting with multiple real estate agents recently told me that he has never seen so many “depressed real estate agents.” They are depressed […]Read More

Why DEFLATION Is Now Likely and SO SCARY!

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HERE’S WHAT’S SCARY: MY NEIGHBOR WAITING TO BUY HIS MERCEDES! You have no idea how scary that is! My neighbor grew up poor in Boston, played college football at the […]Read More

Inflation Down; Rates Down & More To Come; The Fed Does NOT Control Interest Rates

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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 this […]Read More

Commercial Banks Pulling Out Of Jumbo Market; Why & What It Means

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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? […]Read More

When Great Economic News Is Actually Bad News

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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 […]Read More

Inflation Slows & Rates Drop AGAIN; WHY SO IMPORTANT?

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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 […]Read More

Much Lower Interest Rates By March; Why & What It Means

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On Thursday, CPI (inflation data) came in lower than expected – and we saw one of the largest one-day rate drops ever. I of course blogged about it here: THIS […]Read More

THIS IS HUGE! Inflation & Rates PLUMMET!

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Inflation Came In Cool – Exactly As Barry Habib And Jeff Snider Predicted! In 2021, I told a group of mortgage bankers at a lunch how and why rates were […]Read More

The Effect of the Election on Interest Rates

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Rates fell yesterday as soon as investors digested the likely results of the midterm elections. As I often repeat, rates fall when investors expect the economy to weaken or when […]Read More

The Fed Did NOT “Raise Rates 3/4% Yesterday” – Deflation/Lower Rates Coming Soon Part II

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The Fed raised rates 75 basis points or 3/4% yesterday – so my rate quote at the bottom of this blog went from 6.0% yesterday to 6.75% today. FALSE!! THAT […]Read More

Why EVERYONE Needs A House as an Inflation Hedge Now More Than Ever!

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I often blog about reasons to buy a property, as there are many: (1) avoid rising rents with a fixed housing payment; (2) tax advantages; (3) ability to do what […]Read More

Why I Am Convinced Rates Will FALL By March

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I have myriad acquaintances in the mortgage industry (mortgage bank CEOs even) who insist rates will continue to rise throughout 2023. They tell me I am crazy to think they […]Read More

Inflation RED HOT! Rates WAY UP! Relief On The Way?

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Today’s inflation report (Consumer Price Index/CPI) came in much hotter than expected and rates shot through the roof in response. BUT – as Barry Habib (of MBS Highway fame) has […]Read More

Why Are Banks Not Paying Higher Rates for Deposits? Why Did Rates Plummet Today Too?

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Why Interest Rates Are Rising Everywhere – Except Your Savings Account That was the headline from this recent WSJ article. Back in the 1980s, a general lack of savings in […]Read More