Subscribe To Market Updates

Chris Mason brings you the latest mortgage news updates in easy to digest e-mails. Subscribe free today.

Loading

Have we turned the corner on inflation? Mortgage rates down.

Recent economic data shows that food inflation is rising at a faster rate than overall inflation, with grocery prices rising by 12%, menu prices increasing by 8.5%, and eggs becoming 49.1% more expensive through November. Inflation cooled more than expected in...

read more

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...

read more
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...

read more
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....

read more
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....

read more
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...

read more
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,...

read more
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...

read more