The Annoying Part of Applying for a Mortgage… and How to Avoid It

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 Rollercoasters?

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 […]

How Does the Current Banking “Situation” Impact the Mortgage Business?

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 is Not Looking Like a CRASH!

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. […]

Inflation Report Today’s Focus

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 […]

The Topic I Didn’t Want to Cover… LLPAs

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 […]

Down Payment Myths… It’s Not as Hard as You Think!

A report from the National Association of Realtors talks about the myths of down payments. It’s interesting to understand that down payment requirements for buying a home might be lower than you realize: Additionally, there is down-payment assistance programs that can help. Do You Need Money for a Down Payment? The truth is that in […]

Homeowners Have 40 TIMES the Wealth of Renters

The National Association of Realtors recently released some interesting information. They say that homeowners build 40 times the amount of wealth compared to renters. Real Estate is Generating Wealth You’ve heard me talk about this topic often in my videos: that real estate is generating a lot of wealth than any other asset. You buy […]

Fannie Mae 102-4

102-4 represents where the Fannie Mae mortgage bond closed yesterday.  While the vast majority of the general public (including me, until I really began studying the interest rate markets) has absolutely no idea the significance of this number, it represents a very important decision point for buying a home or deciding on whether now is […]

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