Tag Archive for: interest rates

Rates Shoot Dangerously High After Fed Said Rates Would Hold; What Gives?

/in , ,
I spent ALL morning thinking about chunky highlights; gaucho pants; “wide-ass belts"; swoopy, floppy hair; wide headbands – and many other things that were cool in 2007, but aren't cool now! My 2007 obsession was fostered by the fact that the 10 Year Treasury Yield hit a level we have not seen since that glorious year (you should have seen my chunky highlights!)Read More

Buyers Waiting For Rates to Drop (Solutions); It’s “Fed Day” too!

/in ,
There are approximately 735 million buyers (give or take 734 million) on the fence right now, "waiting for rates to come down" - before they buy.Read More

Assumable Mortgages; How to Get a 3% Mortgage in a 7% World

/in ,
A startup called Roam was all over the news yesterday because they just got startup funding. Roam’s founder says his new company will find and advertise home listings attached to attractive assumable mortgages… and I thought good gravy (again). This is actually a double good gravy news item, given all the airplay it got, and given how trivial it is.Read More

When Will Mortgage Rates Drop?

/in ,
Mortgage Rates Will Drop 2% On January 8, 2024! Or not, because nobody has a clue what will actually happen. A recession was delayed due to stimulus, but it is coming, and rates will fall – likely sometime between October and Q1 of 2024.Read More

Why So Many Lenders Have Rates Below the National Average (it’s not what you think)

/in , ,
We got the JOLTS report yesterday and the ADP report today, and among other things, we are seeing: (1) slower job creations; (2) the creation of part-time jobs instead of full-time jobs, making new jobs data much less rosy; (3) the double counting of new jobs because of the way openings are posted online; (4) “quiet cutting” where employers shift employees into lower-paying jobs; (5) much less job switching; and (6) less confidence in employers, based on employee surveys.Read More

Big Short Guys Not Shorting! Excess Bond Supply NOT Pushing Up Yields; Fed Does Not Control Interest Rates

/in ,
Here are a few random but very important points. BIG SHORT GUYS ARE NOT SHORTING HOUSING! In this recent Milkshakes Markets Madness podcast, famed macro analyst and fund manager Brent Johnson mentions that […]Read More

What Happened To The Jumbo Loan Market? Why You Should Be Worried!

/in ,
Agents and loan officers dependent upon jumbo mortgages should be worried – very worried! But, before I explain why, I want to touch on rates today, as they are lower […]Read More

Mortgage Rates Hit New High; Causes? When Does It End?

/in ,
Why I Know High Rates Won’t Kill Us The average mortgage rate today is 7.20%, per the Mortgage News Daily, the highest rate we have seen since November of last year. I […]Read More

Fannie’s Greatest Hits; First-Time Buyers Don’t Get Hit! Watch For Hidden Points!

/in , ,
In February, I blogged about Fannie Mae’s Greatest Hits, referring to all of the things that can impact an individual’s interest rate. These things include credit score; loan amount; property […]Read More

Rent vs. Buy Analysis In A High Rate Environment = Utter Nonsense

/in , ,
Interest Rate News Lags; Interest Rates Change Constantly I listened to a news report last night in which the reporter explained that interest rates recently ROSE almost 1/2 percent. It […]Read More

More Great Inflation News; Rates FALL 1/2% This Week; Fed Victory Dance?

/in ,
Another inflation indicator came into today below expectations – and rates fell even further. They have now fallen almost 1/2% this week!  In contrast last, I just blogged last week […]Read More

How Buyer-Reality-Checks Sell More Homes

/in ,
When Is 7.99% At 1.5 Points An Awesome Mortgage? The answer to the above subheading is easy – a 7.99% mortgage is awesome if the alternative is a 9% mortgage […]Read More

Fighting Cash Offers; There Won’t Be More Rate Hikes

/in , ,
Perfect Buyer Lost Out to Lower-Priced Cash Offer – Needlessly The percentage of cash offers is way up this year, as most agents know, for a variety of reasons including: […]Read More

17 Huge Reasons for Optimism; Inflation Here to Stay; Rates Won’t Fall! Boy, Was I WRONG!

/in , ,
I have been blogging over and over about the likelihood of a disinflation, deflation and/or a bad recession for over a year now.  My blogs are based on the opinions […]Read More