▶ VideoRates 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 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…
▶ VideoThe 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,…
▶ VideoThe 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,…
▶ VideoEarlier 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…
▶ VideoToday’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.…
▶ VideoWe’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…
▶ VideoToday’s topic is important – something that I can’t emphasize enough. Right now, there are record amounts of home equity. In the last year, there has been a good 20% increase in home values, which means equity continues going up. Borrowing Money When You Don’t Need It People are also flush with cash right now.…
▶ VideoIn today’s video, I’m sharing some geeky charts so we can what is happening to interest rates and where we stand right now – and where I think we are heading (based on my opinion). Breaking Down Interest Rates In this chart, we are looking at the Fannie Mae bond – the actual source where…
▶ VideoHappy New Year! FHFA (who oversees Fannie Mae and Freddie Mac) made a pretty significant announcement today, but it doesn’t technically roll out until April 1st. They announced that there will be a big pricing adjustment to both second home purchases and high balance loans. Second Home Purchases There are three ways to buy a…
▶ VideoDuring the last part of the year, are you someone who has numbers you are trying to hit – such as sales, production, etc.? It’s easy to fall into a trap of anticipating the start of the year, with a plan to reset and go back to zero, and then build from there. You Don’t…
