The tariffs may be causing a little turmoil in the world today and driving bond yields down.....but that means great news for mortgage rates. Just a quick sampling off the internet (above) shows jumbo rates under 6%! Go buy a house today and LOCK your rate!
We saw the lawsuit filed against Rocket over a kickback scheme that was declared to be politically motivated and was dismissed by the Trump DOJ last month. But Glenn must have wanted a piece of that, and two weeks later, he jumps in bed with them: Of course, he gets...
Mortgage rates rose today by about as much as the Fed lowered - just like last time! If anyone needed any further convincing that a Fed rate cut is no guarantee of lower mortgage rates, today is a great piece of evidence. Perhaps "great" is the wrong word. There was...
Hat tip to Lance! Roam CEO Raunaq Singh has a bold plan to unlock housing affordability: Connect homebuyers with home sellers who have mortgages eligible to be "assumable," enabling buyers to take over the existing mortgage, including its presumably much lower...
Mortgage rates are going to be sticky. A good solution for buyers is to do a 2/1 buydown on their rate today. They get the benefit of lower-than-market rates for the next year or two while waiting to refinance once rates drop - and if they don't drop, at least you get...
Fed Chair Powell finally indicated today that it is time for rates to be lowered.....and the 10-year bond yield barely budged. The next Fed move is already priced into mortgage rates. Don't wait to buy just because you think rates might get better. Buy when you find...
We are going to hear more about making home ownership more affordable. An op-ed: https://www.cnbc.com/2024/08/20/op-ed-the-case-for-a-40-year-mortgage.html An excerpt: Homeownership has long symbolized the American Dream, embodying stability, wealth creation, and...
Mortgage rates plummeted yesterday, making people wonder if the housing market will perk up for the rest of 2024. Getting a lower rate will be a nice sweetener, but buyers aren't going to overpay just because their payment went down a couple of bucks. Just the...
The interest-rate they get is only 1/2% better, but the down-payment requirements are lower - and that's where the trouble starts. For those looking for some legit doom potential, here ya go!
The White House issued a press release today that outlines more money to bolster prop up the FHA loans: For millions of Americans homeownership is a foundation for so many parts of their lives, and for many it is also their primary source of wealth. The Biden-Harris...
