Harder for Borrowers to Secure a Loan in February, Credit Availability Hits record low

Harder for Borrowers to Secure a Loan in February, Credit Availability Hits record low

As a private lender, my call volume and closings the first quarter have been off the charts as borrowers fall out of more conventional products.  This trend is now playing out with the Mortgage Credit Availability Index showing substantial tightening of credit for all...
Blowout jobs report; mortgage rates to jump again; Is 8% on the horizon?

Blowout jobs report; mortgage rates to jump again; Is 8% on the horizon?

Wow, a few weeks ago rates had fallen from a peak of over 7% to almost 6%. Unfortunately the party was short lived as rates are now heading much higher.  The recent jobs report was another blow out upping the odds of another half point increase at the next Fed...
2 banks implode, largest since 2008, is this a trend, impact on real estate

2 banks implode, largest since 2008, is this a trend, impact on real estate

  Over 48 hours two banks failed for very different reasons. There is a saying in banking that when rates rise and easy money runs out, we will find the skeletons that have been lurking in plain sight.    Are we in for a 2008 rerun?  What caused the sudden...