Posts

The Mortgage Heroes Podcast Episode 16 – Pulse of the Market #realestate #mortgage #rates

We chopped up a lot during this episode, diagnosing the Pulse of the current real estate and mortgage markets.

– Listings are down nationally, but comparatively are these actually bad numbers locally?

– Risk reduction is happening all over the place, how is it effecting people?

– We need more new home builds to come to the market, but in the meantime you might have to GO TO the area you want to move in and try to make something happen.

– Recent mortgage application data confirms that mortgage activity is low. This is a great time to work on your personal advancement in credit, budget, savings, investing.

– Be aware of what’s happening in your own backyard. This is a very different market, even though things may FEEL the same, they are not EXACTLY the same.

– This is when you build relationships. Build your wealth team. Need a trust attorney – find one, need a financial planner – find one, you need a tax strategist – find one! Don’t know where to turn…ask US!

The Mortgage Heroes Podcast Episode 15 – CalHFA Dream for All

In this episode we discuss the CalHFA “Dream for All” program. Not so surprisingly, the $300M allocation was quickly snatched up by the time this conversation aired BUT we are hopeful this fund will be replenished as the demand is clear!

If you need downpayment assistance in California, let us know because we’re already preparing aspiring homeowners for the next round OR the new offering that comes out next.

The Mortgage Heroes Podcast Episode 14 – Practical advice for what to do next financially #thefed

This week Brian and Andy discuss WHAT TO DO NEXT now that we know what the Fed’s intentions and agenda are. We KNEW what they were STATING the agenda was, and even in the light of the bank failures, it’s apparent now that they are NOT PIVOTING.

Get out your notepad for quick takes that can help you and your family in the upcoming months and years as we work our way through the headwinds still impacting personal budgets, businesses, neighborhoods.

The Mortgage Heroes Podcast Episode 13 – Mortgages, inflation, unemployment & the Fed’s next steps

The March 22, 2023 Fed Rate hike and Press Conference was the “Super Bowl” of all Fed meetings this year. It may appear rather uninteresting at first, but Jerome Powell made some pretty firm statements about the Federal Reserves mission and what they’re willing to let happen in order to accomplish their core tasks of:

  • Reducing inflation to 2%
  • Restoring price stability to the markets
  • Softening the labor market (increasing unemployment)

The mortgage market will reflect each of these items as we continue to Predict, Prepare, and Persevere the days ahead.

The Mortgage Heroes Podcast Episode 12 – Bank Failures, we have to talk about this #bankfailure

It’s hard to believe that we’re talking about bank failures AGAIN! I thought we already did this “once in our lifetime”? But now, it’s not Mortgage and Real Estate to blame…so what should you know? How does this impact mortgage rates? Will the Fed change their gameplan? The risks are becoming more and more known by the day, and this episode reveals what we really think having had a front row seat to the troubles of the past.

The Mortgage Heroes Podcast Episode 11 – Reverse Mortgages to the rescue!

Everyone’s starting to talk about reverse mortgages and it has a lot to do with 2 primary factors, elevated “forward mortgage” rates and historic home equity that’s accessible for those eligible for a reverse mortgage.