Are you in the market for a new home or considering refinancing your existing mortgage? Understanding the intricacies of mortgage rates is crucial to making informed decisions that can save […]
The average interest rate in the U.S. is about 6.90%, according to Mortgage News Daily. The 10 Year Treasury Yield is about 3.66% today, as I type this blog. That […]
WOW! Rates rose every day last week even though inflation is clearly falling! This is particularly surprising because inflation is perhaps the biggest single driver of mortgage rates. Making matters […]
A loan officer is making the rounds offering agents $5,000 of co-marketing per closed transaction. I have nothing against the idea or co-marketing in general, but I thought I’d discuss […]
REMINDER #1: 14-DAY CLOSINGS WIN DEALS! Two of our clients got into contract yesterday alone with the help of our Fast 14 Calendar-Day Close in multiple offer situations. In both […]
UNFORTUNATE INFLATION UPDATE! We have been expecting a very positive inflation number on May 10th for months now for a variety of reasons, as set out by Barry Habib numerous […]
In late 2020, I was having lunch with several mortgage bankers who wanted to celebrate the success we were all having – as we were all enjoying unimaginable record profits. […]
TOP TEN AI PROMPTS TO SAVE HUNDREDS OF HOURS OF WORK The above headline was the point of this excellent tweet thread. I highly recommend it for anyone who is still […]
MY BORROWER WAS BANKRUPT – WITH $160,000 OF CREDIT CARD DEBT When I first got into the mortgage business in 1994, a borrower came to me with $160,000 of credit […]
In what was one of many failed social experiments of the 1970s, my high school in AZ did not enforce attendance. And – needless to say – with ample sunshine […]
I LOVE ZIRP! My love for ZIRP cannot be overstated. Every morning, I zirp up my pants, go to 7-Eleven and order an extra large Zirpee, and listen to my […]
Apple just launched a high-yield savings account, offering 4.15%, and $60 billion in deposits drained from three major U.S. banking institutions yesterday alone, per this tweet. There has been a […]
BUYERS IMMEDIATELY LEAVE MARKET WHEN RATES MOVE HIGHER One of the most surprising aspects of the rate increases we have been watching over the past year is how quickly buyers […]
ACTIVE LISTINGS FALL IN MARCH! Active listings fell in March to only 563,000 nationwide, down from 578,000 in February. This would be close to an all-time record low, but for […]
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