Gas prices came down considerably today on the news that there will be a signed agreement with Iran to end any fighting by either side! Could mortgage rates be next? As with any agreement, the devil is in the details…so…we will see most likely in the days to come whether or not there will be…

Read the full article

While rate watching on a daily basis, let’s take a little time for some Mortgage Market This & That! If you are about to be in need of a mortgage, you’ve probably noticed that rates are still stubborn and fluctuate only in a small bracket. That appears to not be changing soon, unless there is…

Read the full article

As anyone who is in the middle of a purchase or refinance and hasn’t locked their loan yet can tell you…Uncertainty is heck on rates! And if you consider heck as 1/2 of a point, then that’s about what has happened since the conflict in Iran began. The remedy to this situation will be the…

Read the full article

Lock now?! I would! That is if you are in the middle of a purchase or refinance. The current Iran conflict has spread some insecurity among large investors as to where they should put their investments. As of right now, it is not in Treasury Bonds, and that has led to slightly higher rates than…

Read the full article

If you are 62 or over, have a lot of equity in your home and need cash now, or backup cash (just in case), then think about a Reverse Mortgage! Even though long term fixed rates seem stuck in their tracks right now, adjustable rates on FHA’s Home Equity Conversion Mortgage (HECM) have been trending…

Read the full article

A 50 year mortgage?! Can the Trump administrations newest idea of a 50 year mortgage help you to afford a new home? Maybe! If the 50 year mortgage comes to pass it will certainly lower your required minimum payment for principal and interest. Most people do not pay off their entire mortgage, either selling the…

Read the full article

Furloughed Pay! (update) Good news on furloughed pay! One of my lenders will use your last paystub received before the government shutdown! Not only that, but when the lender verifies that you work for one of the impacted agencies that temporarily laid you off, they will waive the “VOE” (verification of employment). This is big…

Read the full article

Overthinking Fed Rate Drops! Did you get caught overthinking the most recent Fed rate drop? Me too! For the second time in a row, short term rates dropped and mortgage rates rose or remained stagnant. This recent trend is, in general, not what used to happen. You could almost count on long term rates following…

Read the full article

The Fed and Tariffs and Russia Oh My! The Fed and Tariffs and Russia Oh My! So much to think about as President Trump attempts to make America…OZ! With the President leaning on the Fed Reserve Chairman to lower short term interest rates, and tariffs being a boom or bust, and oh yeah, can Whitehouse…

Read the full article

Rates Trend Down! For the first time in months, mortgage rates have slightly dropped! It all depends on what your purchase or refinance situation looks like, but in general, the current trend down mortgage rates are a welcome sign to everyone who has been waiting to buy real estate or refinance their present home! Overall,…

Read the full article