Closing Costs

September has been a reminder of how quickly the mortgage market can turn.

Doctor’s Orders: Zero Down, Zero PMI 30-year fixed mortgage rates are running roughly 0.125% (APR) higher than they were a year ago, as long-term borrowing costs remain elevated across the board. 10-Year Treasury Yield: trading above 4.7%, near

We Need a Break! This summer Stacy and I travelled to Europe to visit with my daughter Savita, her fiancé Noah, and to see my mom’s four surviving siblings, Maya, Mira, Sheela, and Bipin. Savita and Noah have

Peace Has Benefits June has delivered the geopolitical breakthrough mortgage borrowers have been waiting for since the Iran war began on 2/28/2026. On June 17th, 2026, President Trump and Iran signed a 14-point Memorandum of Understanding, MOU, in

Inflation’s Triple Threat Last month I closed by warning that the bond market’s temporary breather could end quickly. It has. Mortgage rates have resumed their climb as a triple-stack of hot inflation reports, surging oil prices, a fresh

Mortgage Rates Catch A Break April has delivered some welcome relief for mortgage borrowers. After the 4/7/2026 cease-fire announcement between the U.S. and Iran, oil prices posted their biggest single-day drop since 2020 – U.S. crude fell roughly

Mortgage Rates are Confused Mortgage rates are up again thanks to higher inflation. Many of you may have seen the media report on 2/25/2026 that 30-year fixed mortgage rates fell below 6% for the first time since 2022.

The Circle of Life Continues Mortgage rates are still in line with where they were to start the year, despite some volatility that caused mortgage rates to increase slightly during January and February of this year. The average

Savita is getting married! The New Year is starting out favorably for mortgage interest rates. Thursday, 1/8/2026, Trump directed Fannie Mae/Freddie Mac to purchase $200 Billion of their own Mortgage Backed Securities, MBS, from the markets. This increase in

Mortgage rates fall, but not for the reason you are led to believe. Mortgage rates remain volatile but are slowly heading downwards. The Federal Reserve cut their target rate, the Fed Funds, for the third time this year on

Mortgage rates have held onto the lower rate environment for over 8 weeks now. That is two weeks longer than the 6-week run we had last year before mortgage rates went back up again. Hopefully we are at the

Hi Friends, The most recent Fed meeting on 9/17 didn’t surprise anyone with the Fed voting 11–1 to lower the federal funds target rate by 0.25%, bringing the range down to 4%–4.25%. This rate cut was already baked into

Lowest Levels Since March 2023 On August 2nd we saw mortgage rates fall to their lowest levels since March of 2023, very close to 6% APR for 30 Year Fixed. My phone and e-mail have been inundated since then

First Time Home Buyers Guide to Closing Costs You have your downpayment. Great. You are ready to close the deal on your loan and start making bids on houses! Soon you get your closing statement and there