246 articles and videos on mortgage rates, the housing market and smart home financing, in plain English.
▶ VideoThere are so many people predicting what to expect in the real estate market for 2023. Of course, we are seeing these conversations, because it happens annually around this time of year. It’s interesting to see the varying opinions – people are all over the board about what is going on. The obvious question that…
▶ VideoWelcome to the first week of 2023! Happy New Year! At 11am PST, the Fed released their meeting minutes from last month’s meeting on December 12th. This always happens: they have the meeting, then the meeting minutes are released a few weeks later as the official record. As Expected: No Surprises No big surprises in…
▶ VideoCore Logic puts out a report every month about mortgage delinquencies, which is obviously an important statistic about the heath of the of real estate market overall. Mortgage Delinquencies are Trending Down The main headline shows 30 days past due or greater. On the chart, the green number is 2021 and the blue number shows…
▶ VideoAs we are approaching the New Year, I wanted to share a relevant thought. This a great opportunity to think about our plans for the year and how we intend to act. The idea is that there are 7 key parts to leadership, and we can focus on these characteristics to develop ourselves in 2023…
▶ VideoNew data was just released for November 2022 for Southwest Riverside County. I’ve taken the time to go through this report in today’s video. It is a bit longer than my normal video, but for those of you in the Real Estate industry or who have a genuine interest in Real Estate, I think you’ll…
▶ VideoToday I’m sharing details from a report that Fanny Mae released today: the Home Purchase Sentiment Index (HPSI). The report tries to gauge consumer sentiment about buying a house right now. It brings different factors together: They survey a bunch of current and potential homeowners to collect this information. Comparing 2011 to 2022 Today’s report…
▶ VideoA few quick industry updates I want to share with you today. I watch the trends and headlines so I can share this information with my clients, and we can see how mortgages might be affected going forward. Conforming Loan Limits The FHFA is the organization that makes the announcements on new conforming loan limits.…
▶ VideoOn the day before Thanksgiving, there is no better time to count your blessings. In today’s video, a brief rundown of the things in my life that I’m thankful for… including the fact that mortgage rates have actually come down since the last time the FED raised the prime lending rate. Have a wonderful Thanksgiving…
▶ VideoIs right now a better time than you think to purchase a home? You’ve heard me say this many times lately, but I’m going to share the reminder: right now, there are many headlines that make it seem like a bad time to buy. But it might not be accurate. Looking at Real Estate History…
▶ VideoThere is so much data coming in that has the potential to have a big impact on real estate. I want to run through some of these details and explain how it appears to be affecting the industry. Fed Day: Rates Went Up Last week was the 2-day Fed meeting. The market was ready for…
▶ VideoBlack Night issued the month-over-month foreclosure data. I’ve heard a lot of people talking about this topic: the wave of foreclosures that are going to be coming. The current reality and good news are that according to the numbers, foreclosures appear to be going down. Month-Over-Month Foreclosures: August to September From August data to September…
▶ VideoWho in this crazy business needs a hug right now?! According to Freddie Mac, interest rates are over 7%. It feels like we’ve finally reached the spot where we are only dealing with people who really need to move. It’s a crazy time! Stay Engaged – Interest Rates Will Likely Come Down Again I still…
