While folks debate whether mortgage rates are going higher or lower, most expect a boom if they eventually do come down. Even Dave Ramsey, who… Read More »Dave Ramsey Thinks Lower Mortgage Rates Could Ignite a Home Buying Frenzy
A day after the Fed held its key policy rate steady, 10-year bond yields are up double-digits. And that will result in higher mortgage rates… Read More »Mortgage Rates Worsen After First Trade Deal Announced
I got to thinking lately that mortgage rates are probably as good as they’re going to be for the foreseeable future. And by that, I… Read More »This Might Be as Good as Mortgage Rates Get Until Late 2025
While it’s been said countless times, it bears repeating: the Fed doesn’t set mortgage rates. The Fed simply sets short-term interest rates, driven by its… Read More »Don’t Expect Fed Meeting to Bring Lower Mortgage Rates
Not all mortgage rates are created equal. Why? Because lenders don’t price them the same for any number of reasons, whether it’s cost to originate… Read More »The Gap Between Good and Bad Mortgage Rates Has Grown Wider, Shop Accordingly
Last year marked yet another year where high debt-to-income income ratios were the leading cause of denial for mortgage applicants. While a low credit score… Read More »High DTI Ratios Continue to Be the Leading Cause of Mortgage Denial
The mortgage landscape is changing fast, with the two biggest players making major moves to increase their market share even more. Today, top mortgage lender… Read More »Nation’s Top Mortgage Lender Takes Loan Servicing In House to Win Even More Business
It’s been a pretty solid week or two for mortgage rates. The 30-year fixed, which unexpectedly breached the key 7% psychological threshold in mid-April, is… Read More »For Mortgage Rates, It’s One Step Forward, Two Steps Back
Folks on social media love coming up with so-called “hacks” to excite their followers. In the mortgage realm, this typically means highlighting math that seems… Read More »The 2% Mortgage Hack Explained
If the last few days are any indication, mortgage rates want a trade deal. They don’t like tariffs, trade wars, or any of the uncertainty… Read More »Mortgage Rates Want a Trade Deal, But Patience Might Be Needed
