Marry, the house, date the rate, ready for a shotgun wedding

Marry, the house, date the rate, ready for a shotgun wedding

  In almost every real estate advertisement I receive, there is a common theme that prospective buyers should not focus on the rate as they will be able to refinance relatively soon at a much lower rate.  How true is this theory?  (hint anyone who bought into...
Closings surge in Q1 what does this mean for the rest of the market

Closings surge in Q1 what does this mean for the rest of the market

Look at the graph above, what has caused my closing to surge in 2025 while overall real estate closing volumes have plummeted?  What does this mean for real estate?  Don’t get me wrong, I like to think the surge in closings is because I’m an amazing lender and a great...
The largest buyer of mortgages predicts big changes to house prices

The largest buyer of mortgages predicts big changes to house prices

  Fannie Mae, one of the largest buyers of residential mortgages has some profound predictions.  Will house prices continue their upward trend through 2030? How accurate are the predictions below?  How can house prices continue in such a linear fashion?  Will...
Will mortgage rates drop anymore in 24, how about 2025?

Will mortgage rates drop anymore in 24, how about 2025?

  When I was writing this article mortgage rates were hovering right around 7%.  At the same time economists had been predicting a sharp decline in mortgage rates and a booming 2024 real estate market as the fed has cut rates.  On the other hand, the chart above...
Phantom debt soars, what does this mean for real estate?

Phantom debt soars, what does this mean for real estate?

Consumer spending in the world’s largest economy has been so resilient in the face of stubbornly high inflation that economists and traders have had to repeatedly rip up their forecasts for slowing growth and interest-rate cuts.  Is Phantom Debt driving consumer...
Fed cuts rates half percentage, Why did mortgage rates rise?

Fed cuts rates half percentage, Why did mortgage rates rise?

The market was anticipating a much smaller cut by the federal reserve as inflation is still high and employment and spending is holding up.  The odds were about 75% for a smaller cut, but the federal reserve definitely surprised with a much larger cut of half a...