Marry the Home -Date the Rate!

Marry the Home – Date the Rate! Marry the Home – Date the Rate!  You’ve probably heard that ever since mortgage rates started to climb during the Biden administration. Believe it or not, due to a stubborn Mortgage Backed Securities (MBS) market, that phrase is still what we in the business are promoting! Are we…

Will tariffs help you get a home loan? Will tariffs help you get a home loan? As with everything else in lending, it depends on the Bond market! As this is written, large investors that move the Bond market are selling bonds when it appears the tariffs won’t be to strong and buying bonds when…

New Administration could bring new opportunities! A new administration could bring new opportunities for borrowers!  Long term mortgage interest rates have been stuck on the higher side of where any of us in the business expected them to be ever since the Fed cut short term rates!  This hasn’t made sense, but since long term…

Put your mortgage in Reverse! Put your mortgage in reverse if you are 62 or older and you can forget about mortgage payments for as long as you live in your home! The caveats being: 1) you continue to pay your homeowners insurance, your property taxes and (if you live in a community with a…

Spooky Rates! Spooky rates…that is, spooky mortgage rates, remain frustratingly high ever since the Fed lowered short term rates by 1/2 point! In trying to figure out why, it appears, at least to me, that large bond investors are fearful of making big decisions and scared to commit to a plan until after the coming…

Stocks or Bonds battle could be good news for you! The current winner of the stocks or bonds investment strategy goes to ——- Stocks! Know how to tell? Long term mortgage rates have gone up, not down, ever since the Fed lowered the borrowing rate by 1/2 point! If the situation was reversed, the bond yield would be…

If Fed drops rate and mortgage rates don’t drop…did it happen? In a rates update from last week, I promised to keep you abreast on when the mortgage rates dropped as well.  This is that update…nothing has changed and if there’s been any movement at all, it has been slightly up, meaning you are paying…

Rate Drop Could Be Good News For You! There was rate movement finally and the Fed just dropped by .50%! Although it could affect long term rates immediately, so far we have only seen lenders sending out emails, such as this blog entry, stating the same headline! We will see, probably later today or sometime…

Let’s get a Backup Your Income Plan! Backup your income? With a Reverse Mortgage? You bet! The caveat is you must be 62 or older, but for those that are, and have a lot of equity in their home, this kind of financing might just be what you are looking for to supplement your income…

The Here and Now, is Here! The rate is the rate is the rate! Let’s face it.  To most people the future would be nice to think about, but the reality is, you still have to deal with the Here and Now!  Take mortgage interest rates for instance…Please! (a salute to Henny Youngman)  If you…