Jobs report exceeds. Will 30-year rates hit 4.5%?  What should you do?

Jobs report exceeds. Will 30-year rates hit 4.5%?  What should you do?

An unexpectedly strong jobs number for July has bolstered the case for investors who believe Treasury yields will head higher over the rest of the year. Goldman, BofA, and Blackrock are predicting a 50% rise in treasuries by year end.  What does this mean for mortgage...
Pres Biden implements new eviction ban until October 3, Is this a gift for property owners?

Pres Biden implements new eviction ban until October 3, Is this a gift for property owners?

  In a last-ditch effort, President Biden implemented another eviction moratorium until October 3rd.  What does this mean for real estate property owners?  Will this ban hold up in court?  Could this moratorium be a good thing for property owners?   What is...
Economic binge continues but consumer sentiment falls, impact on real estate

Economic binge continues but consumer sentiment falls, impact on real estate

U.S. consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months. Consumers’ complaints about rising prices on homes, vehicles, and household durables reached an all time record.  Just 30% of all consumers cited favorable home...
Seismic shift in the consumer spending: Who wins?

Seismic shift in the consumer spending: Who wins?

According to a recent Well’s Fargo economic report: the forecast for the level of services spending is expected to swell to more than four and a half years of typical spending packed into nine months. What does this transition from goods to services mean for real...
Will the fed stop buying your mortgage?

Will the fed stop buying your mortgage?

The Federal Reserve has bought $982 billion of the mortgage bonds since March 5, 2020.  As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of mortgage-backed securities...
Pres Biden implements new eviction ban until October 3, Is this a gift for property owners?

Home rents jump highest in 15 years

I have been saying for months that rent growth would accelerate.  The numbers are in and according to Corelogic, Single-family rents were up 5.3% year over year in April, rising from a 2.4% increase in April 2020. Nationally, rent growth exceeded pre-pandemic rates...