The federal housing finance agency (FHFA), the largest buyer of mortgages through Fannie Mae and Freddie Mac (Fannie/Freddie), announced huge changes to there fee structure. In particular they are targeting high cost loans with big jumps for second homeowners. …
Buy now pay later included on credit reports, impact on real estate financing Buy now Pay Later loans are a million-dollar industry and yet until now these loans were invisible to lenders. This is all changing as Equifax is now…
Initially when Ukraine was invaded the stock market dropped precipitously over 800 points during the day only to make a huge rebound into positive territory. What does this volatility mean for interest rates and in turn real estate? Does the…
Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during January and substantially higher than any estimates according to a closely watched gauge the Labor Department released Thursday (CPI). The stock and bond markets are continuing to…
Inflation plowed ahead at its fastest 12-month pace in nearly 40 years during December, according to a closely watched gauge the Labor Department released Wednesday. The stock and bond markets are suddenly awake, with mortgage rates skyrocketing almost 4% from…
Wow, it has been a wild ride during this pandemic, who thought there would be a national run on toilet paper. Fortunately, those days are over. You can now readily pick up Charmin (or whatever you like). The market is…
I hope everyone is having a happy holiday season. Before getting into my predictions for next year, there are three crucial factors to discuss that will shape the real estate market in 2022 and beyond. Interest rates, inflation, and where…
Retail sales in November jumped 1.7% exceeding all estimates by almost 20%. Fed announces a “pivot” and rate hikes to come. What does this mean for mortgage rates? How will this impact real estate purchases and refinances? What should you…
Real-estate firm Zillow Group Inc. is exiting from the home-flipping business, saying Tuesday that its algorithmic+ model to buy and sell homes rapidly doesn’t work as planned. Zillow has about 18 thousand houses it will be looking to sell. What…
Happy Fall, it is hard to beat this time of year with snow up top and changing leaves in the valleys (do you know where I took this pic?) Yields for U.S. government debt posted the biggest weekly jump…