Mortgage rate increase, still funding in cash

Mortgage rate increase, still funding in cash

  First,  I hope everyone is doing okay with everything going on.   As many banks and other lenders pull back thru the pandemic and the mortgage rate increase we are still funding. We fund and hold all of our loans in cash without leverage so we will continue to...
60% chance mortgage rates plunge: The fed disagrees!

60% chance mortgage rates plunge: The fed disagrees!

We are at an interesting crossroads in the economy.  The Federal Reserve and economic data show that the economy is very strong with consumer spending and confidence at all-time highs. At the same time the bond market is portraying a different picture after a new...
Strong Jobs Report Blows Away Predictions; Real Estate Paints a Different Picture; Why?

Strong Jobs Report Blows Away Predictions; Real Estate Paints a Different Picture; Why?

I took the pic after the 4th outside of Breckenridge, CO (has nothing to do with the article, but thought you would enjoy). Last week the US June jobs report was released that toppled all expectations. After a week May report the job numbers in June did not disappoint...