▶ VideoIt’s Fed Day, which means that the Fed just finished their 2-day meeting. At 11am our time this morning, they announced (as expected) that they are raising rates by .25%. The Fed is currently in a press conference, so we will see how the mortgage rates respond to the announcement. Misinformation on Major News Sites…
▶ VideoToday’s topic is something that I am seeing continually: headlines and people talking about how everyone is just waiting for real estate prices to fall. When prices fall, then it’s time to jump into the market. So, people are just trying to time the market. I wish everyone luck with that. US Demographics Show Valuable…
▶ VideoWe’re seeing differing opinions about which way mortgage rates are heading – as always, the opinion depends on who you are asking. Last week, one of the past Fed presidents, Bill Dudley, he said he thinks that rates are going to continue going up (like many past Fed presidents would agree). The argument is that…
▶ VideoFor this week’s topic, I want to reference an article we recently found in Market Insider: it interviews the CEO of Compass Real Estate, which is a big national firm. He said something that I’ve been hearing in other places, but there was one point that stood out to me. Prediction for Real Estate Inventory…
▶ VideoYou’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…
▶ VideoToday 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…
▶ VideoWho 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…
▶ VideoWe’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…
▶ VideoThis 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.…
▶ VideoWe’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…
▶ VideoThis 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…
▶ VideoOn the mortgage front this week, inflation numbers came out this morning. CPI is still trending lower, which is a good sign. You can see in the chart below: our high was 9.1%, now we are down to 5% on the headline number. This is a significant improvement! Of course, it’s still too high, but…
