Latest Blog Posts


MORTGAGE RATES JUST JUMPED, BUT ONLY TO 4%

Last week, mortgage interest rates jumped over the 4% mark for the first time this year according to Freddie Mac’s Mortgage Market Survey. In an article in Housing Wire, a Bankrate analyst explained: “Mortgage rates rocketed higher following a stronger than expected monthly employment report. The good news on the Read More

BIG REASONS TO BUY A FIRST OR MOVE UP HOME

ANOTHER WAY TO SAY KIND OF THE SAME THING – AND IT DESERVES REPEATING AND REPEATING AND REPEATING. TIME TO BUY IS NOW. WHY? PRICES HAVE BOTTOMED OUT AND INTEREST RATES HAVE ONLY GOT ONE WAY TO GO — UP. IT WILL NEVER BE CHEAPER THAN IT IS RIGHT NOW. Read More

HOME VALUES COMPARED TO THE PEAK, IS ANOTHER BUBBLE FORMING?

IS ANOTHER BUBBLE FORMING? I SAY NO, AT LEAST NOT YET. THE FORCE THAT DROVE THE LAST BUBBLE WAS TENS OF THOUSANDS OF BAD LOANS THAT NEVER SHOULD HAVE BEEN MADE. (THANK YOU FEDERAL GOVERNMENT FOR THAT, AND THAT IS A STORY FOR ANOTHER DAY). RIGHT NOW, THAT IS NOT Read More

MORTGAGE INTEREST RATES ARE PROBABLY GOING UP. BEST TIME TO BUY IS NOW

HOW HIGH IS THE QUESTION. NOT SURE ABOUT THE ANSWER. A HUGE FACTOR IN DECIDING WHEN TO MAKE THAT MOVE UP BUY OR MAKE THAT FIRST HOME PURCHASE IS THE MORTGAGE INTEREST RATE. FORECASTS ARE ALWAYS WRONG. WE NEVER KNOW IF THEY ARE WRONG HIGH, WRONG LOW, WRONG EARLY OR Read More