Recent Articles
Jun
04
2024
04
2024
Will the Election Affect Mortgage Rates?
As much as economists say that this upcoming election will not affect mortgage rates, the real answer is – heck yes - its very likely it will for a variety of reasons (and likely not the ones you are thinking of). And it’s not that if Biden wins that (long term) mortgage rates...
As much as economists say that this upcoming election will not affect mortgage rates, the real answer is – heck yes - its very likely it will for a variety of reasons (and likely not the ones you are thinking of). And it’s not that if Biden wins that (long term) mortgage rates...
May
07
2024
07
2024
The Housing Bubble Popped, and You Missed It
Mortgage rates have been over 6% for over a year and a half now (they passed 6% in September of 2022) and haven’t looked back. The folks that have been sitting on the sideline waiting for a housing bubble to pop, missed a very loud noise that eerily sounded like water, dish soap, and a...
Mortgage rates have been over 6% for over a year and a half now (they passed 6% in September of 2022) and haven’t looked back. The folks that have been sitting on the sideline waiting for a housing bubble to pop, missed a very loud noise that eerily sounded like water, dish soap, and a...
Apr
04
2024
04
2024
What is the Point to Paying Points?
A big shout out to fellow author, Arnie Aurellano at the Scotsman Guide for first reporting on the Freddie Mac data that came out in January focusing on paying points in order to buy down the rate on your mortgage. A quick “Mortgage 101” reminder of what the concept...
A big shout out to fellow author, Arnie Aurellano at the Scotsman Guide for first reporting on the Freddie Mac data that came out in January focusing on paying points in order to buy down the rate on your mortgage. A quick “Mortgage 101” reminder of what the concept...
Mar
01
2024
01
2024
How the Heck do Homebuilders Have Those New Lower Rates?
I’ve seen them. You’ve seen them. Driving up and down Interstate 5, or maybe on Highway 26 – do these new construction communities have access to a secret pile of money that they can loan out at rates that are a full 2% less than what other lenders have access...
I’ve seen them. You’ve seen them. Driving up and down Interstate 5, or maybe on Highway 26 – do these new construction communities have access to a secret pile of money that they can loan out at rates that are a full 2% less than what other lenders have access...
Feb
06
2024
06
2024
Why are Mortgage Credit Scores Different Than What I see when I Pull It?
Why is My Credit Score Different from what the Lender Sees? I get one of two responses (either shock or Ahhhhhh) after reporting back to potential borrowers what their credit scores are after taking their mortgage application: 1) Shock ...
Why is My Credit Score Different from what the Lender Sees? I get one of two responses (either shock or Ahhhhhh) after reporting back to potential borrowers what their credit scores are after taking their mortgage application: 1) Shock ...