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Housing market shows signs of stabilization amid lower rates

The housing market has been showing signs of stabilization in recent weeks, thanks in part to lower mortgage rates. Purchase application data for the last week of November showed a 3% decline week-over-week, but the year-over-year decline of 40% is the smallest since...

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Recessions, Inflation, Home Values: Correlations?

Recessions, Inflation, Home Values: Correlations?

Just for kicks, I took a chart showing recessions and home value changes during those recessions, and overlaid inflation the year before, of, and after, the start of the respective recession. Here it is: Sources are: Corelogic, The Balance, macrotrends,net, and (for...

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2022 Mortgage Industry Implosion Tracker

2022 Mortgage Industry Implosion Tracker

In March 2020, the Fed cut rates to 0%. Mortgage rates do not track 1-to-1 with the Fed rate, but by August 2020 it was the case that the highest rates available for vanilla normal mortgages were lower than the lowest rates, for the same, that been available in 2019....

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Home improvement ROI considerations?

Home improvement ROI considerations?

Wherein I give you "permission" to make home improvements for your family, not for the return on investment! Featuring a cool kid with absolutely crazy climbing abilities, demonstrated via the epic in-house climbing wall....

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High Mortgage Fees Drive Me Crazy!

High Mortgage Fees Drive Me Crazy!

Did you know that since 2019 average feed paid by consumers, to lenders, for originating a mortgage, have gone up 40%?! #SupplyChain? https://www.youtube.com/watch?v=F8owc6zVIFU We do over 75% of our mortgages with zero lender fees. We do not have 15 layers of middle...

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HowTo: Pay off debt to increase your mortgage approval amount!

HowTo: Pay off debt to increase your mortgage approval amount!

https://youtu.be/SXFt0dt87jc A common mistake is for the would-be homebuyer to pay off the wrong debts before applying for preapproval. Don't make that mistake! Reach out to us directly, so we can go over which specific debts of yours make the most sense to pay down,...

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SB 9 – convert your SFR into a duplex or triplex?!

SB 9 – convert your SFR into a duplex or triplex?!

California recently passed SB 9, which allows the owners of single family homes in urban areas to "divide their lots into two and build up to three additional homes on them" (LA Times). This is going to be a fairly fast (2 minute read) primer to answer some of the...

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HOWTO: Avoid the Mortgage Rate Bait-and-Switch

HOWTO: Avoid the Mortgage Rate Bait-and-Switch

It's easier than you think! After you're done watching the below, check this out to ensure that you understand the numbers you are reading, and what they really mean. Still have questions? Let's chat! https://www.youtube.com/watch?v=mLtMeQdRHSw

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