by admindan | Aug 23, 2023 | Financial Information, Money Tip
Kickbacks in mortgage lending and real estate occur too often. You may not see it directly in your loan, but many Loan Officers are giving or paying for borrower introductions which COST YOU MONEY. Why can there be as much as 1.50% difference in rate quotes between...
by admindan | Aug 15, 2023 | Financial Information, Money Tip
Are you wondering if NOW is a good time to purchase a home, when mortgage rates are so high and there’s limited inventory? Yes, it is, because less people are willing to purchase a home at these rates. But you can refi when rates are lower in the next 1-4 years....
by admindan | Aug 8, 2023 | Loan Programs, Money Tip
The mortgage market has gotten crazy lately. The NATIONAL AVERAGE 30-year fixed rate searching through Bloomberg.com was 7.41% yesterday. Don’t pay 1+% too much! Best rate: 30-year fixed rate loan up to conventional conforming limits of $726,200 is 6.25% with no...
by admindan | Jul 25, 2023 | Financial Information, Money Tip
Watch out, some loan officers will completely take advantage of you to make big money. Problem: Last week a financial advisor asked me to evaluate his client’s cash-out refi. The Veteran borrowers wanted $90,000 cash-out to pay off credit card debt and upgrade...
by admindan | Jul 11, 2023 | Loan Programs, Money Tip
Housing affordability is very challenging right now, when looking at mortgage rates, home prices and income levels. Good news! A July 9th housing report by Morningstar predicts mortgage rates will average 5% in 2024 and 4% in 2025. “The Fed has engineered a massive...
by admindan | Jun 27, 2023 | Financial Information, Money Tip
Are you wondering why mortgage rates are so high? Do you want to know how long this high rate environment will last? Me too! I’ve been working directly in areas of mortgage interest rates, forecasting, hedging and securitization for 35+ years. I’ve learned a lot,...
