Credit - not just about the rate!
We are all aware that a person’s credit score impacts their ability to obtain a mortgage; it dictates the cost of that loan if they qualify. However, very few people focus on all the factors involved in a credit score. Further, while many people think that they are “good” if...
You can make excuses, or you can work and WIN!!!
So much information about how bad the market is or how interest rates are going higher and that is going to kill the market. Well, those are EXCUSES made by the many who refuse to do what is needed to WIN! And believe me, people out there are WINNING every single day!
Higher home prices are not...
Luck of the Irish
With all kinds of pressure of mortgage rates and housing prices, it would seem all potential home buyers could use a little luck of the Irish in pursuit of their next home. Since I don’t have access to a Leprechaun or the Blarney Stone, we are going to have to manufacture some luck of our...
Work with what is WINNING!
Some people are looking at poor fourth quarter results and first quarter projections that are downright abysmal. You have a choice to make, you can complain about interest rates and inventory, or you can work with what is winning!
It’s easy to complain, it takes work to win! If you are busy...
Whiplash
Boy, you can really get a bad case of whiplash given the market volatility and the revisions to numbers around job creation. It almost is too much to handle when the MBS market bounces around fifty or sixty points a day in either direction, job revisions are in the hundreds of thousands of jobs,...
Numbers, Math, & Observations
We had a great deal of interesting information in the January housing report. Some of it makes complete sense, while other data is interesting. Existing Home Sales were up 6.7% in January, and it is estimated that there will be 6.5 million units sold in 2022. While forecasting sales for new...
Not 5% YET!
Not 5%, YET
We have talked about rising interest rates quite a bit and how to share the actual information and how to do the math about the real costs of higher rates as well as the real costs of waiting! However, some people are having a tough time on how to go about bringing up the conversation...
The cost of living!
Housing prices continue to rise. While maybe not as rapidly as a few months ago, still moving up at a rapid pace. When you add into it rising interest rates, the pressure on housing costs is a struggle to explain and even harder for some to understand. The cost of living is higher across the...
Mortgage Applications Improve
The big moves in rates last week also created a large move in mortgage applications. With purchase applications going up by 4% and refinances rising by 18%, people are looking to fix their costs NOW!
Working the higher end rental markets has been going exceptionally well. All of the people...
Another thought day in the bond market!
First let me start by saying today would have been my mother’s 95 birthday. Happy Birthday in Heaven Mom!
Yesterday was another bad day in the bond market, Things seemed to be doing okay until the Fed meeting at 2pm, and then things got bad; then got much worse. Losing more than 60bps on...
