The Mortgage Heroes Podcast Episode 21 – Buyers are Back!
Buyer demand is BACK in San Diego in a big way, and homebuilder sentiment is also up! What’s causing all this buyer demand, sentiment, optimism, and new escrows opening right now?
This author has yet to write their bio.Meanwhile lets just say that we are proud Andy Cruz contributed a whooping 41 entries.
Buyer demand is BACK in San Diego in a big way, and homebuilder sentiment is also up! What’s causing all this buyer demand, sentiment, optimism, and new escrows opening right now?
Last week was mostly a dud when it came to news except a few surprises. #1 National Home Builder Sentiment and #2 Core retail sales and retail sales First National Home builder sentiment came in at 50 which marks it’s fifth month in a row of increase. Yup it’s been on the rise for the past […]
In this episode, Brian Memo & Andy each discuss 3 Market observations and predictions relevant to what’s happening in Real Estate and Mortgage RIGHT NOW! Also, we also got to celebrate the DTI Loan Level Price Adjustment rule being rescinded! What a great week and a cost savings for borrowers nationwide!
The best news last week came on Wednesday when the DTI Loan Level Price Adjustments, or LLPAs were rescinded! The FHFA had a rule in place that was due to start August 1st 2023 that would issue loan level price adjustments an all loans delivered to Fannie Mae and Freddie Mac with debt to income […]
Another Fed Meeting, another rate hike…but now where do they go from here? The prepared comments weren’t too revealing and the press Q& A session was really vague. So now we’re left dissecting the data to determine what we think will happen in mortgage and real estate through 2023. Here’s what we think is going […]
Last weeks Fed rate hike decision and press conference was mostly what we were expecting. Jerome Powell and the Federal Reserve increased their key interest rate by 1/4 percent which takes their new target range to 5.00% to 5.25%, which is in line with exactly what they said their average terminal rate of 5.1% would […]
The new Loan Level Price Adjustments are out and people are pretty upset (including us). Today we talked about the new fee changes that are impacting ALL CONVENTIONAL LOANS originated from May 1, 2023 onward. SIGN THE PETITION TO REVERSE THESE FEES: https://www.change.org/p/stop-the-fhfa-s-unfair-loan-level-price-adjustments-on-mortgagees-with-good-credit?recruited_by_id=1f332830-defa-11ed-87f8-774cbbc88cb4
The fiery comments of disdain over the new Fannie Mae and Freddie Mac fee structure continued into last week as we are now at the May 1st juncture where these new fees will take place on all conventional loans. In case you missed it, there are new higher fees imposed on borrowers with credit scores […]
This week we talk about the Spring & Summer Buying Season and how market pessimism is NOT actually weighing in on trends here in San Diego.
Nothing dominated the mortgage and real estate space more last week than the proposed loan level pricing adjustment program that would charge loan applicants with better credit scores and larger down payments a higher fee than those with lower down payments and lower credit scores. Essentially an inversion of responsible personal credit strength and large […]
Mortgage Heroes has been helping Active Military and Veterans for more than 15+ years. This page is made to help all military families get the answers they are looking for when it comes to housing. Whether its questions about using your VA or new listings in SD, Mortgage Heroes are here to support just as each military member has supported this country!
Mortgage Heroes
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