RISING RATES – NOT LIKELY CONSUMER DEBT AT AN ALL-TIME RECORD HIGH The economy’s greatest concern is that consumer spending may slow....

What is your favorite book? For me, it is a true classic and one that I have taken with me where ever I have gone over the past eight...

Market Update April 2021 REFINANCE BOOM COMES TO AN END The U.S. economy is hot and appears to be heating up. As the vaccine gets...

INTEREST RATE SUBSIDIES CONTINUE Vice-Chairman of the Federal Reserve, Richard Clarida reported that the Fed will continue to provide...

MORTGAGE RATES REMAIN LOW – FOR HOW LONG Long term mortgage rates, on average, have remained below 3.0% for seventeen consecutive weeks,...

As we barrel towards the winter season, we want to ensure our home is ready. Fall is a great time to take care of some annual maintenance...

MORTGAGE LENDING TO SET RECORDS IN 2020 In a recent report, Fannie Mae anticipated that the mortgage industry would post an all-time...

FORBEARANCE RATES FALL Mortgage forbearance rates continue to slowly decline, falling to 7.2% this week. Forbearance rates for Agency...

Market Update August 2020 PAYMENT PROBLEM  19% of U.S. households missed their mortgage and rent payments in the first week of July. 13%...

MORTGAGE DELINQUENCY ON THE RISE Mortgage delinquency continues to climb as the county fights to contain the spread of COVID-19. In May,...

FORBEARANCE MADNESS Since the CARES Act went into effect in March (allowing homeowners to go into forbearance due to a COVID-19 related...

GOVERNMENT SPONSORED DEFAULT In a poorly thought out, knee jerk reaction to COVID-19, the federal government implemented the CARES Act....

MORTGAGE APPLICATIONS SPIKE Mortgage applications soared the week of January 10th by 30% over the previous week. With interest rates in a...

HOME AFFORDABILITY UNDER STRAIN Home prices continue to post gains at near record levels, putting strain on affordability. In November,...

U.S. DEBT HITS NEW RECORD Consumer debt also hits all-time high of $4.1 Trillion as did mortgage debt, surging to a new high of $9.5...

NOVEMBER 2019 INDUSTRY INSIDERS - RECESSION IS REAL Economists are not the only ones warning of the possibility of a looming recession....

On your FHA loan, you paid a mortgage insurance premium at the time of buying the house (or refinancing). This initial premium is the...

FED CUTS SHORT TERM RATES IN SEPTEMBER – TRUMP NOT HAPPY In September the Federal Reserve cut the Fed Funds Rates a second time, in just...

HISTORIC HIGHS FOR HOME EQUITY In the second quarter of 2019, U.S. home equity hit an all-time high of $6.3 trillion, according to a new...

FED DECISION On July 31st, the Federal Reserve lowered short term interest rates 25 BPS; the first drop by the Fed in over a decade. Long...