Renting Vs. Owning When Rates Are Over 7%; What the Doomsayers Miss!
Friday, September 22
The media are scaring the sh*t out of potential buyers again! And another myth they are peddling is that it is now far better to rent than it is to own. I pounded this topic as recently as July – Rent vs. Buy Analysis In A High Rate Environment = Utter Nonsense – but am hitting it again because ...
Rates Shoot Dangerously High After Fed Said Rates Would Hold
Thursday, September 21
I spent ALL morning thinking about chunky highlights; gaucho pants; “wide-ass belts”; swoopy, floppy hair; wide headbands – and many other things that were cool in 2007, but aren’t cool now! My 2007 obsession was fostered by the fact that the 10 Year Treasury Yield hit a level we have not seen s...
Buyers Waiting For Rates to Drop (Solutions)
Wednesday, September 20
There are approximately 735 million buyers (give or take 734 million) on the fence right now, “waiting for rates to come down” – before they buy. At JVM Lending alone, we have over 2,000 pre-approved buyers who are on the fence or who have given up on their home search entirely. As a result, I wa...
10 Year Treasury Yields Vs. Mortgage Rates (Great Info & Good News!)
Tuesday, September 19
In January of 2021, the average mortgage rate was near an all-time low of about 2.8%. While at the same time, the 10 Year Treasury Yield was about 1.1%. That difference was only 1.7% and much closer to the normal spread between the 10 Year Treasury Yields and mortgage rates. When borrowers used...
Why So Many Lenders Have Rates Below the National Average
Wednesday, August 30
Crack! That really loud cracking sound we all heard yesterday was a giant crevice opening in the labor market – and rates fell sharply in response. We got the JOLTS report yesterday and the ADP report today, and among other things, we are seeing: (1) slower job creations; (2) the creation of p...
100% Financing With CalHFA’s Dream For All Program
Friday, March 31
What is the CalHFA Dream For All Program? On March 27th, CalHFA launched its most aggressive effort yet to help first-time homebuyers in California with its new program, CalHFA Dream For All! CalHFA’s Dream For All Shared Appreciation Loan is a down payment assistance program for first-time home...