Lately, there’s been a lot of talk about a lack of affordability, even a potential housing bubble. And it comes as no surprise, given the… Read More »The Typical Home Sold in the Past Three Months Went for $200,000 More Than the Seller Paid
We all know mortgage interest rates have increased tremendously. While there were periods of relief here and there, the trajectory since early 2022 has been… Read More »One Really Simple Way to Offset a Higher Mortgage Rate
A week ago, it seemed like we were on the fast track to 8% mortgage rates. But then something spectacular happened, nearly a week’s worth… Read More »Shark Tank’s Kevin O’Leary Predicts 8% Mortgage Rates
This morning, the Job Openings and Labor Turnover Survey (JOLTS report) was released by the Labor Department. It revealed that the labor market wasn’t running… Read More »Why Are Lower Job Openings Good for Mortgage Rates?
Today, Zillow announced its “1% Down Payment” loan program, making them the latest lender to join the near-zero down fray. The move comes as mortgage… Read More »Zillow Home Loans Launches a 1% Down Mortgage
It’s been a rough month or so for mortgage rates. If we zoom out even further, it’s been a horrendous 18 months, with the 30-year… Read More »What Will It Take for Mortgage Rates to Fall Again?
Principal vs. Principle Attention loan officers, mortgage brokers, real estate agents, and so on The words “principal” and “principle” are two very different words They… Read More »It’s Mortgage Principal, Not Principle
While Fed rate hike forecasts indicate the worst is behind us, mortgage rates are still going up. In fact, they hit a new 52-week high… Read More »Why Are Mortgage Rates Still Going Up If the Fed Is Done Hiking?
With 30-year mortgage rates now above 7%, a refinance likely isn’t in the cards for most homeowners. In fact, the total number of refinance candidates… Read More »Options Other Than Refinancing Your Mortgage
At last glance, the 30-year fixed mortgage was back above 7%, depending on the data source. Prior to late July and early August, the popular… Read More »Why Are Mortgage Rates So High?
