▶ VideoI have a few industry updates to share with you today! First, Fannie & Freddie announced the 2024 mortgage limits for conventional lending. As most people know with these loan limits, some counties have high balances. The way it works is: throughout the entire US, you can get a conventional loan up to $766,550. There…
Today, I want to pose the question: what’s your trigger? I’m wondering what it will take for buyers to make a move in the real estate industry. I keep hearing people say that they are waiting for rates to come down. For you: what is the point where you are pulling the trigger? This topic…
▶ VideoToday I’m highlighting a great program that is unique to Franklin Loan Center. There are a couple of different community lending programs. What does that mean? A community lending program is geographically limited, which is the main detail that sets it apart from other lending options. There is one program that also has some income…
▶ VideoThis report came out a few weeks ago about current foreclosure data, showing that month-over-month foreclosures are up 34% and year-over-year they are up 28%. Those are big numbers – there’s no question that it’s a big deal. 3 Phases in the Foreclosure Process A few things that are important about these numbers on the…
▶ VideoI’m pulling up a chart that we put out every month. It’s one of my favorites to show housing trends. The red line on the chart is 21 years of 4.5% year-over-year growth. Looking at historical norms, it’s about what you can expect. The blue line represents what is really happening in the industry. We…
▶ VideoI was talking to a friend earlier, and she brought up an important topic: starting October 1st (next week), student loan repayments are back. To give you a little background about student loans: there is almost $1.8 trillion currently. Take an average out of all the people who owe student loans right now, and it’s…
▶ VideoToday is the first Wednesday after Lexi & Bailey’s wedding! I want to share how excited we are to bring our new son-in-law into the family. Their wedding will forever be one of the most beautiful days/experiences I’ve ever participated in. Congratulations to the newlyweds! When it comes to real estate, there is an article…
▶ VideoPeople keep asking me: when are we going to see an improvement in rates? The quick answer is that we are going to see interest rates drop when The Fed realizes that all they’ve done with raising rates is bringing down economic activity to the point where it is slowed things down. That’s when we…
▶ VideoToday, the report about existing home sales came out, and the numbers were off. Of course, it wasn’t surprising to see. It got me thinking about a few things that I want to point out: Economic Value of a Real Estate Transaction First, according to the National Association of Realtors, on average every real estate…
▶ VideoIn looking at what is happening here at Franklin Loan Center, I’m seeing a surprising amount of people buying investment properties right now. We keep hearing that prices are over-inflated (which I don’t totally agree with). But with where rates are right now and other market factors, it would look like things are a little…
▶ VideoToday’s video is a follow-on from last week. In my last video, I talked about how Fitch downgraded US credit from a AAA to an AA+. At some level, it’s obvious. But, then I found a chart to look at how ratings are throughout the world to get some perspective here. One of the reasons…
▶ VideoMany of you have heard this morning that Fitch has downgraded the US debt. Fitch is like FICO, but they are less objective (and maybe even political). It’s one of these things that I feel like is quite obvious. What took them so long? I don’t take this lightly, because the last thing we want…
