Government Shutdowns – Much Ado About Very Little
Monday, October 02
Government Shutdowns – Much Ado About Very Little; The Impact of Shutdowns! It looks like we averted another government shutdown at the 11th hour over the weekend. It would have been my 6th shutdown too since I started in the mortgage industry in 1994. Here is when previous shutdowns occurred: N...
Our Most Popular Bridge Loan – How To Buy Before You Sell
Friday, September 29
Rates Fell, So Have They Peaked? Rates fell today in response to a better-than-expected inflation report. The Personal Consumption Expenditures (PCE) report came out today at 3.9% for August. This is the first time we have seen a PCE number starting with “3” in two years – so it was pretty good n...
Rates Hit New Record; Credit Card Stimulus & Other Updates
Thursday, September 28
Rates Hit New Record; Credit Card Stimulus; Rosenberg Says Today = 2007; Dollar Is Surging; CA Insurance Crisis; Thank God I Was Stupid In 1995 Today’s blog is a series of random observations. Rate Hit New Record High Mortgage rates hit a new 23-year record high today partially in response to in...
Why I Was So WRONG About Rates; Why It Matters So Much
Wednesday, September 27
If you google “wrongness,” you’ll see a picture of me screaming “Rates will fall by March of ’23!” I am wrong a lot actually and am not afraid to admit it because it makes for great learning and blog fodder. For example, I was wrong about when rates will fall, and I was wrong when I said that th...
America’s “Savagely Unhealthy” Housing Market Is Envy Of The World
Tuesday, September 26
Logan Mohtashami is a name to bookmark, especially if you’re tracking insights into the ‘2023 housing market.’ On Twitter, his feed is filled with a blend of opinionated, data-centric, amusing, and often controversial takes. Mortgage Rate Lockdowns Are Not a Thing Logan firmly believes that “mort...
Putting the Airbnb “CRASH” Into Perspective; Rates Hit New Record High
Monday, September 25
Rates Hit New Record High & Will Go Higher! I remember when Phoebe, Rachel, Monica, Chandler, Joey, Ross, Raymond, Regis Philbin, and a bunch of really serious (and very handsome) surgeons from ER were all complaining about high interest rates – and how they probably caused the dotcom crash...