Fairview Commerical Lending

Consumer spending in the world’s largest economy has been so resilient in the face of stubbornly high inflation that economists and traders have had to repeatedly rip up their forecasts for slowing growth and interest-rate cuts.  Is Phantom Debt driving consumer spending?  What is Phantom Debt and what does this mean for real estate, the economy, and interest rates?   What is Buy now Pay Later? Buy now Pay later is the leader in “Phantom debt”.  Millions of shoppers now use a buy now, pay later, or BNPL, service to finance their purchases. BNPL plans, also known as point-of-sale loans,…

A new plan unveiled by candidate Harris aims to provide up to 25k to every first time homebuyer for a downpayment.  Like many of you when I heard the news, I did a double take.  What is in the plan?  Will the proposed plan increase or decrease house prices?  Who pays for the downpayment assistance?  What does this mean for real estate?  What can we learn from Denver on how this plan will turn out?     What is in the plan to provide down payment assistance? “Harris-Walz ,during their first term, will provide working families who have paid their…

The market was anticipating a much smaller cut by the federal reserve as inflation is still high and employment and spending is holding up.  The odds were about 75% for a smaller cut, but the federal reserve definitely surprised with a much larger cut of half a percentage point.  As of this writing short-term rates fell while longer term rates like mortgages rose (check out the chart above).  Is this big cut really good news?  How can mortgage rates rise even though the fed just cut rates?   The federal reserve surprises with a huge cut Like everyone else, I…