by Dan the Man for Mortgages | Aug 15, 2023
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 Dan the Man for Mortgages | Jul 11, 2023
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 Dan the Man for Mortgages | Jun 27, 2023
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,...
by Dan the Man for Mortgages | Jun 14, 2023
Do you want to purchase a home? Awesome! Congratulations! Why should you apply for a mortgage loan months or years in advance? Too often, buyers/borrowers start looking at houses first, find the “perfect” home, only to find out they do not qualify to purchase it. Too...
by Dan the Man for Mortgages | Nov 1, 2022
Yes, mortgage rates are expected to go higher in the near term, but should decline in 1 to 5 years as the Federal Reserve combats inflation. So, how do you save the most amount of money on your mortgage loan? Solution: 10/1 ARMs at a much lower rate. Below are a few...