President Trump’s latest salvo against Fed Chair Jerome Powell called for 1% interest rates. And he added that he’d “love him to resign if he… Read More »Trump Wants Interest Rates Cut to 1%. What Would That Mean for Mortgage Rates?
There’s been a lot of hubbub about crypto-backed mortgages in the past 24 hours. But the excitement (of crypto enthusiasts) might be a little overdone.… Read More »What the Fannie Mae and Freddie Mac Crypto Order Really Means
In testimony to the House Financial Services Committee today, Federal Reserve Chair Jerome Powell said they haven’t cut rates this year because of the tariffs.… Read More »Powell Says They’d Still Be Cutting If There Weren’t Tariffs, and Chances Are Mortgage Rates Would Be Lower Too
The nation’s second largest mortgage lender has launched a new bridge loan product to help buyers move before selling their existing home. It allows them… Read More »Rocket Mortgage Launches Bridge Loan to Help Customers Buy Now, Sell Later
While one may have worried that mortgage rates would move higher after the U.S. bombed Iran nuclear facilities, so far things have gone the other… Read More »Mortgage Rates Move Lower Despite Evolving Iran Conflict
It’s no secret certain folks don’t like Fed Chair Powell. You may have heard of one of them, President Donald Trump, who refers to him… Read More »Pulte Blames Powell for High Mortgage Rates and Trapping Borrowers in Their Homes
The big Fed decision yesterday was keeping rates unchanged. Everyone knew that was going to be the case and didn’t bat an eye. However, things… Read More »Powell Signals There Won’t Be Shortcuts on Rate Cuts or Path to Lower Mortgage Rates
In yet another mortgage tie-up, Guild Mortgage has agreed to be acquired by Bayview Asset Management. It’s pretty big news in the mortgage world because… Read More »Guild Mortgage to Be Acquired by Bayview Asset Management for $1.3B
I got to thinking that one way mortgage rates could come down is due to housing market weakness. The thought is layered in all types… Read More »Is Housing Market Weakness What Finally Brings Down Mortgage Rates?
Lately, I’ve been highlighting loan programs beyond the 30-year fixed now that interest rates on fixed-rate mortgages are no longer favorable. Today, we’ll compare two… Read More »7/1 ARM vs. 30-Year Fixed Mortgage: Pros, Cons, and How Much Cheaper Are They?
