Tag Archive for: interest rates

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

10 Year Treasury Yields Vs. Mortgage Rates (Great Info & Good News!)

/in , ,
When borrowers used to ask us the best way to track the direction of mortgage rates, we would tell them to track the 10 Year Treasury Yield because mortgage rates track 10 Year relatively closely. The problem though is that the spread between the 10 Year Treasury Yield and mortgage rates has grown much larger since the Fed started to raise interest rates last year, and they have not been moving in lockstep over the last year.Read More

Will Rates Fall or Rise After Debt Ceiling Crisis? Rates 1% HIGHER Since April; Gray Swans Galore!

/in
Rates bottomed out in early April, but they have been trending upward ever since – despite generally improving inflation numbers. Given that rates almost always trend downward when inflation improves, […]Read More

2024 Will Be A RECORD YEAR For Real Estate Agents! Here’s Why

/in , ,
Depressed real estate agents should hang in there! The reason is 2024 will likely be the best year they ever had, according to the WSJ… sort of. In this recent […]Read More

A Debt Ceiling Default Will CRUSH Housing, Mortgages, and … the Entire World Economy!

/in ,
The dreaded debt ceiling crisis has been in the news now for a few months, and it is scaring the heck out of everyone for a very good reason. If the debt ceiling is not raised by early June, home sales will come to a standstill, mortgage rates will shoot through the roof, and the economy will pretty much collapse.Read More

Co-Marketing Fees = Higher Rates Always

/in , ,
A loan officer is making the rounds offering agents $5,000 of co-marketing per closed transaction. I have nothing against the idea or co-marketing in general, but I thought I’d discuss it briefly in a blog, given that several agents have told me about the offer. Co-marketing, as most readers know, is simply an arrangement where a mortgage lender shares the costs of marketing with a real estate agent. For compliance purposes, it is important that the lender is featured in the marketing proportionally to the amount of money the lender spends.Read More

Recession, Depression, Soft Landing, High Rates, Low Rates – Who Do We Believe?

/in ,
In late 2020, I was having lunch with several mortgage bankers who wanted to celebrate the success we were all having – as we were all enjoying unimaginable record profits. I, however, was not in a celebratory mood, telling them that rates would likely approach 8% in the coming years and that we needed to streamline and get much more efficient.Read More

7 Reasons Why Analysts Are FURIOUS With The Fed!

/in , ,
I have never seen so much frustration and anger expressed over policy errors as I have over the last week – and it is all because the Fed is poised to raise the Fed Funds Rate 0.25% today. This will bring us to a 16-year high in what has been the fastest rate hiking cycle in history, and it will likely bring our economy to its knees.Read More

Stopping Onslaught of Mortgage Lender Phone Calls; Pending Home Sales Down! FHA Rates Are LOW!

/in ,
I now get well over 100 phone calls, messages, and emails every day. And yes, I filter and screen them all, but the volume is just off the charts – and the extreme uptick in volume tells me something is very amiss in our economy.Read More

0% Interest Rates – Coming Soon! (per Alf Peccatiello)

/in ,
I Love ZIRP! My love for ZIRP cannot be overstated. Every morning, I zirp up my pants, go to 7-Eleven and order an extra large Zirpee, and listen to my […]Read More