You’ve been hearing a lot of talk from me lately with one common theme: buy now and don’t wait for interest rates to drop. It seems like everyone is waiting for better interest rates. But it’s important to understand that you are going to be paying a bunch more for the house. Taking a Look […]

Today is Fed Day! The Fed did announce a pause on increasing interest rates again, but they also said they are going to raise at least a few more times before the end of the year. I think it’s a strange prediction, but we’ll see what happens. Now we know what the story is: at […]

When you apply for a mortgage and the lender does a “hard pull” on your credit, it typically triggers an onslaught of solicitations that the borrower gets for insurance, other mortgage offers, and many other services that are related to home buying and home ownership. This comes because the credit bureaus will sell your information […]

Who likes rollercoaster rides? We’re definitely on one the last few weeks with mortgage rates. We had the inflation data come out a few weeks ago. It’s been a nose-dive in bonds ever since, which is bad for rates. Every day, rates have been getting worse. It’s been all over the news. We have seen […]

We’ve seen rates creeping back up again, and one reason is because of the current banking situation/crisis that is happening. How do these two things relate? Many people think of banking and mortgages in the same category, and they kind of are. But what is the direct impact here? Long story short: banks lend out […]

This week I want to review a slide that we’ve talked about before: the blue line is the price action on a typical house in the Temecula/Murrieta area. Even though the chart shows local details, it is what we are seeing nationally. Of course, there are nuances depending on the location in the United States. […]

We’ve had today marked on the calendar for a while, knowing that the Consumer Pricing Index (CPI) report was coming out. We had high hopes that it would be a pivot point for inflation. But it didn’t turn out quite like we were hoping, there was a little bit of a scare over the weekend […]

This topic is something I never thought I would talk about, but I’ve had a lot of questions about it lately & it needs to be addressed. Today I want to share information about Loan Level Pricing Adjustments (LLPAs). What is an LLPA? For sake of what we are talking about today, we are only […]