Mortgage rates had a pretty rough go about things last week. There was a significant spike in rates to begin the week and then things settled down more towards the end of the week. But the wild volatility is what we have been talking about for a very long time and it is what everyone […]
Boy oh boy this weeks show has a LOT packed in it. The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy is on the cusp of a turnaround – but is it? Affordability fell across […]
Mortgage rates were up last week. This is sorta par for the course right now as bond traders, investors, Central banks and governments grapple with inflation, the reality that monetary policy may have to remain in place for longer than they initially intended, and remain at elevated levels. It’s become abundantly clear that there are […]
There’s a lot to unpack here. The bottoming out of home prices that everyone seems to be predicting isn’t happening. While at the same time, affordability is at a 38 year low, and homebuilders are hesitating. Is this fueling corporate take overs of residential real estate and boosting asset values like Blackrock’s newly achieved $1 […]
As we expected, last weeks inflation and housing data would be center stage as everyone anxiously awaited the results of our progress, or lack there of, against inflation. And with CPI and PPI data coming it right about where it was projected to – we learned that inflation is still healthfully in the positive. And […]
“Cristian’s Big Heart” honors the legacy of Tanya & Memo’s son Cristian Acosta‐Flores whose life was cut tragically short on September 1, 2014 (one day shy of his 19th birthday) due to complications from an undiagnosed enlarged heart. Sudden cardiac arrest (SCA) is the leading cause of death of student athletes and the second leading […]
Mortgage rates we’re on a total roller coaster last week up and down then up and up and up and down. There were a few market impacting events that happened during the week but those weren’t the main influences on the mortgage market That came with a heavy slew of jobs related data which is […]
Jerome Powell and the Federal Reserve made their most recent rate hike decision, policy statement and answered press questions last week. Let’s talk about what we learned, what we’re still waiting to see, and how this impacts homeowners, consumers, and businesses.
Mortgage rates were totally fine through Wednesday when Jerome Powell and the Fed gave their rate hike decision, policy statement, and press conference. Then on Thursday all hell broke loose in mortgage-backed securities and rates retested their most recent monthly highs…in just 1 single trading session. Thursday last week was uglier than the back side […]
Artificial intelligence (AI) is rapidly transforming the real estate industry, providing a wide range of benefits for both buyers and sellers. Today we unpacked some AI uses along with some proposed uses and discuss whether the benefits are worth the risks. Could this cause a Great Divide between tech adopters and traditionalists?