I’ve been in the mortgage business for 12 years – and in the last 14 months I’ve seen the lowest rates of my career and the highest rates of my career. To say that the mortgage business in 2022 has been volatile is like saying Jeffrey Dahmer did some bad things...
We said last month that the real sentiment of the so-called summer slump was “See you in September” and industry news is starting to sing the same tune. At this point it’s still based on anecdotal evidence, but across media outlets the news is that normalcy has...
Feeling sluggish from this summer heatwave? You’re not alone. The housing market is right there with you. Across the country, housing sales activity slowed throughout August, continuing what many analysts have dubbed a “summer slump.” But we’re not discouraged by...
I was visiting a real estate office last month; ran into a real estate broker I’d never met and introduced myself. She’s a well-established broker who has been in the business for 14 years. Naturally we were talking shop as mortgage and real estate professionals do....
As interest rates rise and inflation looms, economic uncertainty is certainly affecting the housing market nationwide. While it’s easy to generalize negatively and extrapolate the effects, it’s not all as scary as it might seem. That’s why we’re here – to dig into the...
On July 27th, the Fed raised the Fed Funds Rate by another .75%, bringing the Fed’s benchmark rate to 2.25%-2.500% which is the highest it’s been since December of 2018. Leading up to this most recent Fed meeting, I received a flurry of panicked phone calls from...
