Fed lowers rates, will mortgage rates rise?

Fed lowers rates, will mortgage rates rise?

  The million dollar question is where do interest rates head from here.  The Federal reserve has hinted at more upcoming cuts, what does this mean for mortgage rates?  Does the federal reserve actually control mortgage rates? How is the treasury department...
Property Insurance rates set to jump by 50%; why and who pays?

Property Insurance rates set to jump by 50%; why and who pays?

  The mortgage industry should be prepared for large increases in insurance premiums up to 50% according to the Situs Whitepaper. Jennifer Rasmussen, one of the reports authors stated that the average homeowner “was not cognizant of the sheer magnitude of these...
Federal government now considers $1.2m low/moderate income housing

Federal government now considers $1.2m low/moderate income housing

What do the increased conforming loan limits mean for real estate? The federal government (aka you the taxpayer) now backs mortgages up to 1.15m. The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac has jumped sharply over the...
How will student loan restart impact real estate

How will student loan restart impact real estate

As part of a debt-ceiling agreement forged by President Joe Biden and House Speaker Kevin McCarthy, monthly student loan bills will resume September first.  What does the restarting of student loans mean for real estate, interest rates, and the overall economy?  How...
Hot inflation puts further rate hike in play, impact on real estate

Hot inflation puts further rate hike in play, impact on real estate

Although the market rejoiced in the recent fed “skip”, as you dig into the numbers more the outcome is a lot less sanguine.  Why does inflation continue running hotter than anticipated?  What does this mean for interest rates and real estate?  What happens when...
New government rule radically changes appraisals

New government rule radically changes appraisals

Big changes are ahead for automated appraisals.  The government feels that automated models show bias in valuation so they have proposed a new rule that will radically alter appraisals.  Unfortunately, the new rules will have some large unintended consequences for...