Tag Archive for: low rates

Why I Was So WRONG About Rates; Why It Matters So Much

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If you google “wrongness,” you’ll see a picture of me screaming “Rates will fall by March of ’23!” I am wrong a lot actually and am not afraid to admit it because it makes for great learning and blog fodder. For example, I was wrong about when rates will fall, and I was wrong when I said that the Fed would not raise rates again after its June pause.Read More

First-Time Homebuyers = Expansive Term; Maximum Age For Mortgage; Competitors Come to Us

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Competitors Come To Us For A Mortgage We frequently have individuals from competing mortgage lenders come to us for mortgage financing because (1) we have more loan programs than they […]Read More

Rates Have Not Been This High Since… 2021

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RATES HAVE NOT BEEN THIS HIGH SINCE 2021! I thought I would put interest rates in perspective again, given that they have risen so much (1/4% to 3/8%) since last […]Read More

Beware of VACATIONS :) Rates Way Down Again; Why? Stimulus Will End

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HOLY LOW RATES, BATMAN! (Wallowing in Wrongness) For months now, I have been repeating the warnings of various pundits about runaway inflation and rising rates. But rates seem to continually […]Read More

Low Rates Make Real Estate Investing And Airbnb More Viable

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My wife Heejin is looking at an investment property in Plano, Texas that will sell for about $510,000. It also has a tenant in it who is paying $3,700 per […]Read More

JVM’s Relationship With Its Mortgage Bank

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We were getting recruited last fall by America’s third-largest mortgage bank. B/c of our size and unique model, the CEO showed up to review our entire tech stack, our Salesforce […]Read More

When 1.99% Is A Bad Deal; Why Rates May Not Fall Further

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1.99% – YAY!!!! OR NOT…. (LOOK AT THE FEES) Several lenders were touting their 1.99% interest rates recently, and we were getting emails from agents and borrowers alike asking about […]Read More

Why Low Rates Are BAD For Homebuyers

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Rates are about 1% lower than where they were last year at this time, as most people know. This enormous rate-reduction appears to be a huge boon for homebuyers, as […]Read More

Quicken’s IPO – So Much To Learn; Reason To Be Leery

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Rates edged lower again, so now instead of being really, really, really low, they’re really, really, really, really (4 really’s) low. It remains to be seen if we’ll hit “5 […]Read More

Purchase Applications Hit 11 Year High; Refis = 63% of Volume

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The Mortgage Bankers Association surveys multiple mortgage banks every week and then releases all of the data. The most recent survey, discussed in this National Mortgage News article, is particularly […]Read More

“Fed Plans to Keep Rates at Low Levels for Years” What Are “Rates?”

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This blog’s subject line is borrowed directly from this WSJ article. Fed Chairman Powell stated in early June that there are no rate increases in sight and that the Fed […]Read More

10 Cent Beer Night in Cleveland in 1974; How It Relates to Our Economy Now – More Black Swans

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In 1974, the Cleveland Indians baseball team promoted Ten Cent Beer Night for a game against the Texas Rangers. Fans showed up in droves for the cheap beer and drank […]Read More

Rates Keep Falling; Rates Keep Falling, Down, Down; What’s Going On?

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I stole my subject line from the 1985 Simple Minds song – Don’t You Forget About Me… OK – they might have actually sung “‘Rain’ keeps falling…” but I was […]Read More

Why Now Is The Best Time to Buy – Again; Home Prices 8.45% LOWER In January

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We beat this dead horse all too often but am beating it again because it is excellent information to share with potential buyers who may be on the homebuying sidelines […]Read More