Vic’s REAL Mortgage Advice Blog

Finally — A Rate Cut

By |2024-09-13T21:05:40-07:00August 5th, 2024|Categories: Mortgage Loans, Mortgage Rates|

30-Year Rate Drop The Federal Reserve is finally in agreement that inflation is heading towards their 2% target due to the better-than-expected June CPI (Consumer Price Index) inflation readings. The June CPI report showed that overall inflation was down [...]

The Indonesia SCUBA dive trip was a huge success!

By |2024-09-13T21:06:27-07:00July 5th, 2024|Categories: Vic Joshi|

The Indonesia SCUBA dive trip was a huge success! We were in North Sulawesi on the Islands of Bunaken, Bangka, and Lembeh. The amount of biodiversity in the oceans around these islands is staggering. Every coral field seems endless with [...]

Holiday Joy

By |2024-03-29T22:36:09-07:00February 20th, 2024|Categories: Vic Joshi|

They grow up fast! This holiday season I was fortunate to spend some time with my only child, my daughter Savita, who lives in Berlin, Germany. She is finishing her master’s degree in journalism at an international university in [...]

Mortgage Interest Rate Drop!

By |2024-03-29T22:36:17-07:00January 20th, 2024|Categories: Mortgage Loans, Mortgage Rates|

Hikes on Hold The Federal Reserve continued holding on interest rate hikes and finally started showing signs that rate cuts would be coming soon. After the December 12-13 Federal Open Committee Market (FOMC) meeting, the Fed not only paused [...]

Getting Over the Interest Rate Hump

By |2024-03-29T22:36:27-07:00December 20th, 2023|Categories: Mortgage Loans, Mortgage Rates|

Rate Hike Pause Continues At the conclusion of the November 1, 2023, Federal Reserve meeting, the Fed continued the pause in interest rate hikes to the Fed Funds rate. This was a follow-through on the pause from the September [...]

What is a Bank Statement Loan?

By |2024-03-29T22:36:34-07:00July 8th, 2023|Categories: Credit, Mortgage Loans, Self-Employed|

Loan Options As a mortgage consultant, it's important to me be able to educate clients to ensure that they understand the various financing options available to meet their  needs. Today, I'd like to discuss a less commonly understood type [...]

Spring Buying Season Is Here

By |2024-03-29T22:36:47-07:00April 29th, 2023|Categories: Home Purchase, Mortgage Loans|

Hello, friends. Home Buying Competition The spring home-buying season is starting to heat up in my area and it is starting to feel a lot like 2020 and 2021 again. Many of the home buyers I have pre-approved for [...]

Another Bank Bailout?

By |2024-03-29T22:36:54-07:00March 27th, 2023|Categories: Mortgage Rates|

Recession Déjà Vu Hi Friends, March was a volatile month in the markets. The headlines were full of news that reminded us of the Great Recession of 2008 with multiple banks facing major liquidity issues. The Federal Reserves’ steep [...]

Father Daughter Retrospective

By |2024-03-29T22:37:00-07:00March 17th, 2023|Categories: Home Purchase, Vic Joshi|

Home Buying Is Up Hi Friends, As mortgage interest rates have started to fall with inflation in the first quarter of this year, I have experienced an increase in home buyer activity and mortgage applications. The recent slight dip [...]

Happy New Year — Rates Are Headed Down!

By |2024-03-29T22:37:17-07:00January 4th, 2023|Categories: Mortgage Rates|

Happy new year, friends! Rates Down As Predicted Mortgage interest rates finally started falling in November 2022, as I had predicted in my November newsletter. Year over year inflation numbers started to come down, which is great news for [...]

Turbulent 2022 Mortgage Rates

By |2024-03-29T22:37:41-07:00May 29th, 2022|Categories: Mortgage Rates|

Refinances & Purchases Drop Hi Friends, Mortgage rates keep rising at a very brisk pace. May 2022 saw mortgage interest rates rise up 2.375% higher than they were in December of 2021. Refinances were down over 75% month over [...]

Hold On for a Bumpy Ride

By |2024-03-29T22:38:39-07:00March 23rd, 2022|Categories: Mortgage Loans, Mortgage Rates, Refinance|

Hello friends, A lot has happened since I penned the last installment of my newsletter. Continued rising inflation, historically high gas prices, the Federal Reserve’s March meeting that resulted in a rate hike, a volatile stock market, faster rising [...]

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