Recession Continues? What To Do Now

We may be in this volatility for the long haul. Many economists studying the markets have released information that they believe we will slide further into a recession in either 2023 or 2024. Federal Reserve Chairman Jerome Powell has pledged … Read More

Rents Rising Fastest In 40 Years

The numbers for Consumer Price Index were released this week showing where our economy is today and how inflation is being handled. Monthly CPI was at +0.1% vs the -0.1% expected. Year-over-year it came in at 8.3%. Looking into the … Read More

Daily Rate Update: September 5th-9th

Thursday – September 8, 2022 Freddie Mac reports that home borrowing costs rose for the third straight week due in part to fears of aggressive rate hikes and sustained high inflation. The 30-year fixed rate mortgage rose to 5.89% from … Read More

Daily Rate Update: August 29th-September 2nd

Wednesday – August 31, 2022 Mortgage rates surged in the MBA’s latest survey and have been in a range the past few months. The 30-year fixed-rate mortgage rose to 5.80% from 5.65% with 0.71 points for the week ended August … Read More

Tappable Equity In Homes Declining

One thing that can help you hedge against a recession is tapping into your home’s equity to ensure you have cash on hand as the economy declines. From the current and estimated numbers, it looks like you need to tap … Read More

Daily Rate Update: August 22nd-26th

Thursday – August 25, 2022 Q2 2022 Gross Domestic Product 2nd read improved to -0.6% from the first read of -0.9%. There will be one more final reading, which will determine whether the U.S. had back-to-back quarters of negative growth … Read More

Buy A Home Today, Be Rewarded Tomorrow

Home prices still have room to rise. This is according to Barry Habib, chief executive office of MBS Highway and the multiple winner of Zillow’s “Crystal Ball Award” for the most accurate real estate forecaster. Habib is very optimistic in … Read More

Daily Rate Update: August 15th-19th

Thursday – August 18, 2022 The National Association of REALTORS reports that Existing Home Sales fell 5.9% in July from June to an annual rate of 4.81 million units versus the 4.89 million expected. It was the sixth straight monthly … Read More

Housing Recession? What’s Happening & How To Prepare

Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs. The National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points in August to 49. Anything … Read More

Daily Rate Update: August 8th-12th

Thursday – August 11, 2022 Home borrowing costs rose this week but seem to be stabilizing after the surge in borrowing costs in the past 12 months. Freddie Mac reports that the 30-year fixed-rate mortgage increased to 5.22% from 4.99% … Read More

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