▶ VideoIt’s Fed Day, and The Fed just made their announcement. The market has been expecting that The Fed was going to pause on the Fed Funds Rate reduction, and that’s what happened. Of course, there has been a lot of talk from the current administration that they are going to pressure him to reduce rates.…
▶ VideoIf you’ve been watching the news, then you’ve probably seen that President Trump is at it already. One of the executive orders about affordability specifically mentions housing. I have a very serious question for everybody out there: what would you do if you were in charge for a couple of days or a year? What…
▶ VideoDo you remember awhile back when we were anticipating The Fed dropping the funds rate and we would see mortgage rates come down? Here’s what’s happening: now, The Fed dropped rates again today – the third time they’ve dropped it. Guess what: mortgage rates are significantly higher compared to when they started cutting rates! It’s…
▶ VideoOver the last 2 – 3 years, it’s interesting to look at the numbers considering the fact that many people are waiting to buy a house. As I’ve said many times recently: I get it, houses are expensive and house payments are high. But I’m thinking about people who are actually ready to buy a…
▶ VideoThis report is shared by Franklin Loan Center every month, and it shows some great insights into the current market trends to see where things are going. The main thing I’m hearing lately is that affordability is holding people back from buying a house. There are two parts to this narrative: housing prices are crazy…
▶ VideoThe election is over, and we definitely managed to elect a new president. Thank goodness for a quick turnaround on that! Many of us were worried that it would take forever. How the Markets Responded to the Election The election is what it is. We all survived, and we are all here today. The good…
▶ VideoAre you sick and tired of all these political commercials? It’s driving us crazy to hear the non-stop campaign messages. We are all ready for this election season to be over! Is the Election Affecting Interest Rates? It’s not only us: it turns out that the bond markets don’t like it either, and it’s not…
▶ VideoA few weeks ago, shortly after the Fed announcement, I shared a video and talked about how the Fed funds rate was dropped by half a percent… and on that particular day, mortgage rates actually went up a little bit. Interestingly, because of many things that have been going on, we’ve seen upward pressure on…
▶ VideoI’m hearing a lot of conversations from both political parties about how they are going to bring housing costs down. While trying to be completely apolitical about this, I want to offer my thoughts. One Side: $25,000 Credit for First Time Home Buyers From one side, we are hearing about a $25,000 credit for first-time…
▶ VideoToday, I want to address something that I’ve talked about in several different ways, but it recently occurred to me that I should mention it from a different perspective. What are you waiting for to buy a house? Sometimes It Doesn’t Turn Out As Planned Before last week’s Fed Meeting, I talked to a bunch…
▶ VideoWhen I recorded this video, it was just after The Fed’s 11 am announcement today. This is one of the most anticipated Fed meetings and even a significant economic data point I’ve seen recently. Updates From The Fed Announcement The Fed dropped the Fed Funds Rate by 50 basis points (half a percent). Just a…
▶ VideoToday, I wanted to talk about the crazy amount of overpromising that I’m seeing in the industry – others making promises about interest rates. What started this train of thought is that I saw a refinance TV ad. They were talking about conventional loans with a 5.125% interest rate and APR. I can tell you:…
