How To Get 1% Below Market Rates Without Paying Points!
Friday, October 20
Rates hit a 20-year high yesterday, and we still had 8 contracts come in. So, this is another reminder that real estate still happens – no matter how high rates get. 100 Requests For Marketing Materials This Week One of the reasons, we remain relatively busy is our support for our agent partners ...
Payment Relief Loans: Interest-Only; 40-Year Amortization
Thursday, October 19
Payment Relief Loans: Interest-Only; 40-Year Amortization; Buydowns; Graduated Payment Loans; Overrated?Interest-Only vs Fully Amortized What is better – a fully amortized loan at 8% or an interest-only loan at 9%? $500,000, fully amortized, at 8% gives you a payment of $3,669 per month. $500,000...
Rates Hit Record High (Again); 2007 vs. 2023 – A Worrisome Comparison!
Wednesday, October 18
Rates hit a new record high today, as the 10 Year Treasury hit levels not seen since 2007, and mortgage rates are back to 2000’s peak levels. This is not too much of a surprise, given that even recession hawks predicted that rates would continue to climb before falling. In response to this I have...
Why Mortgage Lenders Are Terrified of Class Action Lawsuits
Monday, October 16
A few years ago, I mentioned in passing to my wife Heejin that we might want to consider living in a state other than CA. So, she promptly went out and bought 5 houses in three different states – 1 in Nevada, 2 in AZ, and 2 in TX – so we could see which area we liked best. And yes, it was just li...
3 Events That Will Crash Home Prices! 1 Factor Keeping Home Prices Up!
Friday, October 13
This is what has shocked housing market analysts worldwide: Despite the fastest rise in interest rates in history, home prices in the U.S. have remained amazingly resilient. And the one factor that is keeping home prices high is of course: TIGHT INVENTORY! The housing doomsayers don’t seem to un...
“Inflation Relief Loans” = Lender Paid Buydowns = Bullsh*t or Reality?
Thursday, October 12
Inflation Comes In Hot But Rates Hold The Consumer Price Index reading for September came out hotter than expected today, but rates only moved a bit higher. The reason is partially because the markets are learning to dig into these numbers and realize that they are often just… wrong. Barry Habib ...