Hi Friends,This is a CRAZY time for everyone and for many reasons, but also especially in the mortgage industry. We're experiencing crazy time mortgage rate lows.I have had over 100 new loan requests in the last two weeks, which is [...]
The Maze of Tough Loan CasesI recently closed a very difficult transaction that, if any number of lenders had applied common sense, should have been easy to close.As many of you know if you've read my About Mortgage Loans page, [...]
Here's my monthly update on the outlook for current rates in general, but first — news about loans for self-employed home buyers. Skip to Current Rates here. Loans for Self-Employed Stated Income Loans More new mortgage products have been [...]
I have news this month on loans for seniors and veterans, but first let's look at the overall outlook for December. End of Year Mortgage Rates Hello, Friends. Mortgage interest rates continue to be around 1.125% lower now than [...]
Fed Cuts Rate and Refinancing Goes Nuts! The Federal Reserve cut their target interest rate, the Fed Funds, by .25% at the conclusion of their two-day Open Market Committee Meeting on September 19th. This rate cut was anticipated by [...]
HELOC vs. refinance: Which is better for a cash-out loan? Is a home equity line of credit (HELOC) or a refinance of your principal mortgage the better option for you?Market Rate Can Help You ChooseA recession in 2020 could see [...]
December Stock Market Corrections The corrections in the stock market to end 2018 rolled into the beginning of 2019. This helped push money into the bond market, which resulted in lower mortgage interest rates to start in 2019. The [...]
Rocky December 2018 We ended 2018 with lots of volatility in the stock market which did help improve mortgage interest rates to end the year. Despite the Federal Reserve’s expected interest rate hike of .25% on December 19th 2018, mortgage [...]
Hello, friends. We are in a new higher interest rate environment and are heading even higher going into 2019 and 2020. I'll explain what's happening behind the scenes and what you can expect to unfold in the next year or [...]
When Donald Trump was voted in as the next president of the United States in 2016, the markets perceived that as a bullish event.This means that money began flowing into the stock market like crazy, hitting highs on the Dow [...]
