Loan costs for second homes, rentals to spike under new Fannie/Freddie rule

Loan costs for second homes, rentals to spike under new Fannie/Freddie rule

Do residential rental properties with one to four units and second-home mortgages carry more risk? Apparently so says the U.S. Treasury Department.  Such loans underwritten by Fannie Mae and Freddie Mac will end up costing you more under restrictions quietly announced...
10 year treasury soars, mortgage payments could rise 33%,  How high will rates go?

10 year treasury soars, mortgage payments could rise 33%,  How high will rates go?

Before getting into the details, I can quickly answer the first question with 100% certainty.  Will Mortgage rates rise substantially in 2021? Yes they already have and will go even higher!  Why are mortgage rates rising while the federal reserve pledges to keep rates...
BOA predicts a housing “mother of all asset bubbles”      

BOA predicts a housing “mother of all asset bubbles”      

As a result of the current loose monetary policy and additional stimulus coming down the pipe, “imbalances” within the economy are starting to form. BofA predicts a 10% drop in stock prices.  What are other experts saying on the stock market?  How will this impact...
“this time is different” Vaccines rollout, good news abounds, 75% probability you are wrong

“this time is different” Vaccines rollout, good news abounds, 75% probability you are wrong

There has been a flurry of good news with stocks reaching records, talks of more stimulus, and vaccines rolling out.  Small stocks like Gamestop and AMC have been off the charts minting new millionaires every day.   What does all this mean for real estate?  How will...
Danes get 20 year mortgages at 0% what does this mean for the US market?

Danes get 20 year mortgages at 0% what does this mean for the US market?

Denmark, the country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.  This is very similar to the zero percent financing on cars in the US except you are buying a house.  What does this...
Treasury yields jump to highest since March. What does the GA senate race mean for real estate?

Treasury yields jump to highest since March. What does the GA senate race mean for real estate?

Happy new year to everyone. It is crazy that we are still talking about the election … it seems like it is never ending.  Fortunately the Georgia senate runoffs were the last of this cycle.  As Georgia flipped Democratic, treasury rates jumped to their highest since...