Rates Dropped Before the Fed EXPLAINED If you’re thinking about buying a home, you’ve probably heard the Federal Reserve (“the Fed”) recently cut interest rates by 0.50%. You might expect this means lower mortgage rates, right? Surprisingly, mortgage rates didn’t…
As Kamala Harris accepted the presidential nomination this past week, more conversations in real estate circles have focused on her housing plan, much of which sounds like Biden’s Housing Plan four years ago. One of the proposals garnering attention is…
Just The Facts Ma’am Buyers are entering into a time when they have an incredible advantage. But it doesn’t feel good. It feels unaffordable and even unsafe. I’ve had a number of real estate agents reach out asking .. how…
Only Time Will Tell We’ve been talking about this CPI report (November report on October data) on our weekly market updates for months now. In fact, there may not be another future installment of economic data that we’ve ever focused…
A Little Holiday, A Little Savings Making A Big Impact Jobless Claims, ADP Jobs, NFP Jobs, Unemployment… busy and confusing Friday. Unemployment increased by .1% to 3.7%; mostly due to household jobs numbers going down by 328,000, mostly 45-54 year…
Rates Back Up to 20 Year High If you received our update text on Friday you know what the headline for this week was… unemployment numbers! Jobs are great for people who like to eat food and buy things, but…
Appreciation is Dropping. Will Home Values Fall?
Buy Before You Qualify Do you have a client with only 1 year in taxes and a current year P&L, but plenty of money? Or what about a borrower with a 6 month job gap? Last week I shared all…
Rates with a 7 Handle? Say it isn’t so… Mortgage rates spiked on Thursday and Friday as the 10-year treasury moved from 3.55% right before Powell’s speech to top 3.75% on Friday. So what did Powell say to cause the…
When is the best time to buy? Realtor.com just released research results showing what week is the best time for a buyer to buy. Also, see why today’s market might be the best time for someone to build. And, we are gonna deliver the facts…fast!
