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…

Any effect on Markets in the Aftermath? The Aftermath of the assassination attempt on Former President Trump, as expected, has caused a plethora of emotions affecting both public and business responses.  Before we go any further, just so you know, the Mitchell Mortgage response is, let’s all please lower the temperature on “did not, did…

Maybe yes, maybe no! Most economic pundits are saying there is a housing shortage…but is there really? Yes and no! Florida and Texas have been building homes rapidly since the beginning of Covid. That was to accommodate all the transfers from mostly blue states, like California and New York. They might have overbuilt, as home…

Fixed or Adjustable, Long Term or Short Term Mortgage Decisions Made Simple What mortgage is best for you?  How do you get that Goldilocks feeling that you did it “Just right”?  It is not as difficult as you might expect and is usually figured out with just a few questions.  For instance, you call me…

Fed to lower rates? We once again are hoping! Federal Reserve Chairman, Jerome Powell, announced today that if inflation will drop sharply, then he and the rest of the Federal Reserve will have no problem in lowering short term interest rates.  This in turn will put pressure on long term (mortgage rates) to drop as…

Homebuyer and homeowner spring tips are best gathered by using the “search” option on your phone or home computer. For homebuyers, you might be reminded that surface beauty does not necessarily mean a well constructed home! Make sure, if you represent yourself, that you order a home inspection and a pest report (they are not…

The Federal Reserve (the Fed), led by Jerome Powell will decide tomorrow (4/10/24) whether they will lower interest rates further to help boost the economy. Trouble for the Fed though, is the economy, at least with the numbers they are reporting, seems to be doing quite well for itself! You may not feel that way,…