Mortgage rates over five decades putting this week's rate of 3.6% into historical perspective

No, a half-point cut by the Fed does not reduce mortgage rates by a half point.

Breaking: Mortgage interest rates will stay at these levels until they don't.

Rules for picking a mortgage lender: Visible Reputable Local If you can't check all three boxes, move on, and ask around. There's far too many high-quality lenders in every area to take a chance on an unknown.

Appraisals emerging as a choke point for those buying, selling, refinancing - this is good news:

Let's pretend you are building a new home. You are thrilled - it's a dream made real. But it will take 6 months. And what about interest rates? Will they keep rising while you wait? Everybody is saying so. If this sounds familiar, we should talk...

It was good while it lasted...

If you have lost-out on a home in multiple offers, it might be the lender you picked. When we pre-approve your home loan, we guarantee to the seller that the loan will close, or we pay them $20,000. Why shop at a disadvantage?

We'll see a lot of headlines like this in 2022. It's probably time to buy that home friends

First three months of 2022 delivered the largest 3 month rate spike since 1994. Driven by inflation and expectations of rate-hikes into a post COVID economic recovery. (Perspective: Rates went from 7% to 8.5% in the first 3 mos of 1994)

Lock your mortgage rate for 1 year in advance + fund your the construction of your dream home. All in one motion. If you are building a new home, or considering it, we should talk...

Mortgage still rates climbing the wall of worry. The Fed has only added .25% to rates. They don't set mortgage rates, but keep talking about more hikes. Markets react/panic and price that in NOW. This is how a .25% rate hike by the Fed can drive mortgage rates up by 2 points.

Rates going up by a point sounds like a disaster, but for most homebuyers, it's not. On a $400,000 purchase, assuming 20% down, it's $190 per month. Real money, to be sure. But most households find a way to make that work. (and why rates do not historically drive prices.)

Rates up 2%, builder costs +23%. A new home just got 40% more expensive (if you take out a mortgage, obv.)