On the day before Thanksgiving, there is no better time to count your blessings.
In today’s video, a brief rundown of the things in my life that I’m thankful for… including the fact that mortgage rates have actually come down since the last time the FED raised the prime lending rate.
Have a wonderful Thanksgiving weekend!
Bill is happy to run the numbers for you, with no pressure.
▶ VideoThe political visual shared today perfectly captures the current tension in Washington. However, when we look beyond the political headlines and strict economic dynamics, a very different picture emerges for the mortgage market. Historically, capital markets, specifically secondary mortgage yields, operate efficiently under a split government. In short: political gridlock is often a stabilizing force…
▶ VideoWith housing affordability near historic lows across California, ballot initiatives promising to assist homebuyers naturally attract significant attention.Proposition 37—the Second Mortgage Homebuyer Program initiative—proposes to utilize up to $25 billion in state revenue bonds to help middle-income buyers purchase newly built homes. On the surface, assisting buyers with secondary financing appears to be a direct…
▶ VideoIf you have been following mortgage interest rates over the last few months, you know that yields have faced consistent upward pressure. To understand why rates move the way they do, it helps to examine the core driver behind mortgage pricing: the bond market. This week provided a textbook case study in how inflation, supply…
