Articles

The Latest Foreclosure Data:  Is It Misleading? October 27, 2022
The Latest Foreclosure Data: Is It Misleading?

Black Night issued the month-over-month foreclosure data. I’ve heard a lot of people talking about this topic: the wave of foreclosures that are going to be coming. The current reality and good news are that according to the numbers, foreclosures appear to…

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Who Needs a Hug? October 19, 2022
Who Needs a Hug?

Who in this crazy business needs a hug right now?! According to Freddie Mac, interest rates are over 7%. It feels like we’ve finally reached the spot where we are only dealing with people who really need to move. It’s a crazy…

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Does Taking Cash Out of My House Make Any Sense Right Now? October 12, 2022
Does Taking Cash Out of My House Make Any Sense Right Now?

Should you take cash out of your house? Does it make any sense right now? Cash-out refinances are generally a case-by-case basis. Recently, we helped someone who built a bunch of debt (revolving and other things). They had backed themselves into a…

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What Does Oil Have to Do with the Mortgage Business? October 6, 2022
What Does Oil Have to Do with the Mortgage Business?

  Do you know that there is a connection between oil and the mortgage business? Most people would never make this association, which is why I wanted to talk about it. What Did OPEC Decide? OPEC (The Organization of the Petroleum Exporting…

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2/1 Buy Downs Explained September 29, 2022
2/1 Buy Downs Explained

2/1 buy downs is a topic that has been trending lately, but I still have a lot of people who are wondering what it is and why they would do it. Here’s what you need to know: What is a 2/1 Buy…

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It’s Fed Day! Also, Next Week: Best Week of the Year to Purchase a House September 22, 2022
It’s Fed Day! Also, Next Week: Best Week of the Year to Purchase a House

Today is Fed Day: as expected the Fed increased rates by three-quarters of a percent. The mortgage/bonds market is having a muted response. So far there isn’t too much movement. If you’ve been watching the trends, it’s been an ugly ride for…

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