Spring Buying Season Is Here
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?
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
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 [...]
Window of Opportunity to Buy or Refinance Now
Rates Heading Down Mortgage rates have stabilized and are slowly heading lower due to the continued good news on inflation. PCE: Measure of Inflation The Fed’s favorite measure of inflation, Personal Consumption Expenditures (PCE), showed that inflation rose 0.1% [...]
Happy New Year — Rates Are Headed Down!
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 [...]
Home Buyers: How to Deal with the Hottest Inflation in 40 Years
Hi Friends, Mortgage interest rates continue to be high due to the hottest inflation readings in over 40 years. The effects of the Federal Reserve’s rate hikes are not yet making a significant impact on reducing inflation, but there [...]
Real Estate Markets Respond to Rising Rates
Hi Friends, Mortgage interest rates are at the highest levels I have seen since 2007. They have more than doubled since December of 2021 and the effects of this rapid rise in rates are finally being felt in the [...]
Turbulent 2022 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 [...]
Adjustable Rate Mortgage (ARM) Opportunity
Home Buyer Squeeze Hello friends, Mortgage rates keep rising at a very brisk pace. April 2022 saw mortgage interest rates rise up 2% higher than they were in December of 2021. This quick rise in rates has obvious consequences. [...]
Hold On for a Bumpy Ride
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 [...]
Rates, Recession, & Refinance Opportunities
The Mechanics of Rising Rates Hi Friends, We all knew this was coming and mortgage interest rates have finally increased significantly. Rates are up over 1% from where they were in December of 2021 due to rising inflation. The [...]
What Goes Down Must Come Up
Inflation Rising Hi Friends, December 2021 saw mortgage rates continue to be pressured higher due to persistent inflation in the markets. The annual inflation rate increased over 6% in November 2021, which is three times the Federal Reserve’s desired [...]
First Time Buyer’s Brush with Financial Disaster
Difficult Loan Situations Hi Friends, One of the most gratifying experiences I have, doing the work I do, is to help people in need purchase property despite the many obstacles that arise during a real estate transaction. During my [...]
Relationships Matter Most
Family Ties Hi Friends, I have recently returned from two weeks in Switzerland visiting my 83 year old mother who moved there in 2018 to live with two of her younger sisters at a nursing home the sisters operate [...]
Last Chance to Refinance?
Pandemic Measures Continue For Now Hi Friends, Mortgage interest rates continue to be close to historically low levels, helped by the continuing easing measures the Federal Reserve implemented at the beginning of the pandemic. These measures included reducing the [...]
Back from SCUBA to Another Refinance Frenzy
Back from an Amazing SCUBA Trip Hi Friends I’m back from a much-needed break in the action after taking a sabbatical from new business that lasted from April 1 – June 19 of this year. During that time, I [...]
Diving with Giants
Markets Are Volatile Hi Friends, Mortgage interest rates have moved slightly lower since my last update, due to a decrease in the 10-year treasury and 30-year bond yields. As of April 16th, 2021, Rates were .25% lower than they [...]
Low Mortgage Rate Party Is Over
After 12 Months of Historic Lows Hi Friends, Mortgage interest rates have continued to rise since my last update. Many of you who are watching the ten-year treasury bond yield already know that the party is over. After 12 [...]
February 2021 Mortgage Rate Update
Hi Friends, Mortgage interest rates continue to be near the all-time low levels we have continued to experience since June of 2020. Mortgage rates are still at historically low levels despite the FHFA (Federal Housing Finance Administration) refinance fee [...]
Taking a Breather!
Mortgage Rate Update Mortgage interest rates continue to be near the all-time low levels we have been experiencing since June of this year. Mortgage rates are still at historically low levels despite the FHFA (Federal Housing Finance Administration) refinance [...]
Mortgage Rates in Uncharted Waters
Refinance Fee Hike Increases Rates Mortgage interest rates continue to be near the all-time low levels we have continued to experience since June of this year. Mortgage rates are still at historically low levels despite the Federal Housing Finance [...]
Misconceptions About Mortgage Interest Rates
Yes, Rates Are Near the All-Time Low Mortgage interest rates continue to be near the all-time low levels we have been experiencing since June of this year. In today’s edition of m,y blog newsletter, I am sharing new and [...]
Profiting from the Coronavirus Crisis?
Low Mortgage Rates During Economic Crisis Mortgage interest rates continue to be near the all-time low levels we have been experiencing since June of this year. In the first week of August, rates bottomed out, ending the run on [...]