This week I’m talking about a topic that isn’t necessarily real estate related, but it definitely has a tie-in: inflation. Here in California, we are hearing a lot about our state government working on a $400 giveaway for everybody because gas prices are high. How Inflation Affects Real Estate So, how does this tie into […]
Where Can I Find Relief from Rising Interest Rates?
Rates are continuing to run up – it’s been another rough week when it comes to interest rates. People are asking: where can I get some relief? There’s a surprising answer to this question… but it isn’t for everyone. Jumbo Loan Rates vs. Conventional Loans We are seeing better rates on jumbo loans, particularly for […]
The Fed Increased Rates By .25%. The Market is Skeptical
The Fed meets on Wednesday every six weeks, and this week they decided to increase the Fed Funds Rate by .25%. I’ve talked about this topic before, but it’s a good chance to review: does this rate change have any impact on mortgage rates? No, it’s not linked directly. Why the Fed is Increasing Rates […]
Uncertainty is the Name of the Game
The main topic of today: the uncertainty of what is happening with the economy and everything that is happening right now. The combination of COVID plus the news that is coming out of Ukraine is adding even more uncertainty to our situation. Oil Sanctions and Inflation Pressures Interestingly, many of the things that are happening, […]
Uncertainty is the Name of the Game
The main topic of today: the uncertainty of what is happening with the economy and everything that is happening right now. The combination of COVID plus the news that is coming out of Ukraine is adding even more uncertainty to our situation. Oil Sanctions and Inflation Pressures Interestingly, many of the things that are happening, […]
The Fed Says They’re Only Increasing Rates by 25%. It’s Not What It Seems…
Earlier today, The Fed was in front of congress and talking about the direction we are going with rates. One thing they said seemed to be great news on the surface – regarding a small increase in rates. Note: remember that we are talking about the Fed funds rate. Assumptions About Rates Going Up It’s […]
Does Your Credit Score Really Matter?
Today’s topic is all about credit. When you are getting a mortgage, it’s common to wonder if a credit score really matters? The answer: absolutely yes! Credit is the one thing that will make the biggest difference in your rate, program, and approval. Income, employment, and down payment are all factors that influence your offer. […]
Significant Changes for Self-Employed Clients Looking to Get a Mortgage
Today, I’m sharing news about big changes that just rolled out regarding conventional loans for people who are self-employed. Are You Self Employed? If you are running a company or are a member of a corporation, LLC, or a partnership (holding 25% or more as an owner of the company), it means that you are […]
Conventional Loans: Taking the Average of the Mid Scores for Two Borrowers
This topic isn’t new, but I think it’s worth mentioning since I haven’t shared about it on these videos before. It’s an important topic, especially for people who looking for mortgage options. Low Credit Score Borrowers Conventional loans, specifically Fannie Mae, actually allow for an averaging of two client’s low middle scores. Historically speaking, you […]
Jumbo Rates Still Very Strong
We’ve talked a lot about how interest rates are going up. January of this year was definitely a tough one for interest rates. Conventional rates went up three quarters of a point in the first month. The increases have settled down at this point, but we’re trending at a higher band. Jumbo vs. Conventional Interest […]