Do Higher Mortgage Rates Mean ARM Loans Are Now Better?

Are rising mortgage rates and housing prices bringing back the Adjustable Rate Mortgage (ARM) loan? Well, they never completely went away, but they’re making a comeback. Sort of. Before the mortgage melt-down, at the peak of the market in June 2005, ARM loans accounted for 77%  of all loans made in the US according to […]

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California Home Buying Affordability Index Drops to a 10-Year Low

Are California homebuyers getting squeezed out of the state? In early August, the California Association of Realtors (CAR) released its’ housing affordability index for the second quarter of 2018. The major takeaway offered by CAR in the report is that the combination of increasing housing prices and rising mortgage rates have reduced the home buying […]

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Mortgage Rate Recap and Outlook For Week Ending August 31st, 2018

The Federal Reserve uses PCE Index, Personal Consumption Expenditures, as their preferred measure of inflation, and it’s now hit a 6-year high at 2.3%. The impact of an uber strong GDP (4.2%), combined with the 2.3% PCE Index, should be causing a sell-off in Mortgage Backed Securities (MBS) – but that’s not happening right now. […]

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The Best Things to Do Now to Get Your Finances Mortgage Ready

Somethings in life take a little preparation. Like going on a first date, decorating for the holidays, and applying for a mortgage. Imagine the outcome if you did zero prep work for the first two occasions? So why do so many people miss the obvious fact that applying for a mortgage has its own set […]

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Mortgage Rate Recap and Outlook For Week Ending August 24th, 2018

If you read the economic “tea leaves,” interest rates should be much higher right now than they are given the combination of a booming US economy, the Feds back to raising rates, and inflation solidly above 2.0%. What’s holding them steady? Uncertainty in the markets keeps money invested in the bond market – seen as […]

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Mortgage Rate Recap and Outlook For Week Ending August 17th, 2018

Without any market-moving economic reports, mortgage-backed securities continue to perform as they have for weeks, with no change in sight. The job market remains strong, with unemployment at historically low levels – as in 48 year low. The only event on the global front that has had an impact on the markets is the collapse […]

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When Should You Lock in Your Mortgage Interest Rate?

One of the first decisions home buyers are faced with during the mortgage process is knowing when it’s the right time to lock in an interest rate. The easy answer is when the rates are at their lowest – but when will that be? Or did you already miss it? Trying to answer this question […]

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11 Tips For Millennial First Time Buyers. My #CreditChat with @Experian

I was recently invited by Experian to attend their #CreditChat on Twitter to answers some of the top burning questions for the Millenial First Time Home Buyers. Here are the 11 questions and my answers. Q1: What are some important things millennials should keep in mind before they begin the homebuying process? A1: If you […]

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Mortgage Rate Recap and Outlook For Week Ending August 10th, 2018

August continues to deliver the same doldrums in economic markets that have been present the past three months. Most economic data continues to come in at expectation, producing little effect on the markets. Inflation is coming in at 2.7% year over year, which is above the Feds target rate of 2%. Expect to see inflation […]

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How to Get Rid of Collections from Your Credit Report

You just checked your credit report, and your score has fallen like a rock! True, you hit a rough patch and missed a couple of payments a few months ago. But you almost had the money to pay them off — and the creditors turned them over to collection agencies. Now what? The short answer […]

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