Where are interest rates headed in 2025?
As we enter a new year – and a new presidential administration – there is a lot of curiosity about what will happen to mortgage interest rates. Let’s dive in and unpack what may lie ahead. Just a quick reminder: These articles I share here are researched and written by me! As part of my…
Read MoreWho really controls interest rates?
Hint: It’s not the President With elections around the corner, there’s a buzz about the economy and housing and what our next President might do about it. But let’s clear up a common misconception: the President doesn’t control interest rates. Sure, their policies matter and can impact the economy, but the real driver behind rate…
Read MoreMortgage Rates Were Steadily Declining – Until Friday
The FED has made it clear that it wants to see the labor market weaken before it begins to cut rates. With each economic report that showed a softening labor market, the financial markets have responded positively, because the markets understand that at this stage in this economic cycle, the labor data is what is…
Read MoreWaiting for mortgage rates to drop? Here are 3 ways that could happen
There’s a lot of talk in the news these days that the Federal Reserve Bank (FED) is expected to CUT rates in later this month! But what’s that mean? Just a quick reminder: These articles I share here are researched and written by me! As part of my commitment to ongoing support for my clients…
Read MoreMarket Update: Is A Refinance Opportunity On The Horizon?
A softening labor market could bring some much-needed relief to mortgage interest rates August is here, can you believe it?! I hope you’re been enjoying your Summer so far! I wanted to quickly connect with a breakdown what’s happening with mortgage rates and what you can expect moving forward. A quick reminder: These articles I…
Read More100+ experts predict 2028 home prices: Fannie Mae survey reveals insights
I know it’s the time of year where our attention is on vacation and trips to the lake, but I wanted to quickly share some important news. A new report was released that sheds some light on the direction that experts think home prices are headed. Just a quick reminder: These articles I share here…
Read MoreFirst-time buyers in Michigan: Must read!
This month, I had the honor of being a featured expert contributor on MoneyGeek.com, a website all about personal finance. They asked me to address some common questions and concerns of potential first-time home buyers. They also asked a few questions about buying a home in Michigan, which I’ve addressed here. Just a quick reminder:…
Read MoreHome Prices, Inventory, and Interest Rates – A Delicate Balance
In our last newsletter, we discussed the possibility that mortgage rates would remain higher for longer than many anticipated. Here, we’ll discuss the housing side of the market, which really comes down to inventory and home prices. Just a quick reminder: These articles I share here are researched and written by me! As part of…
Read MoreAre we entering a New Normal in housing?
As interest rates began to climb near the end of 2022, there was some optimism that higher rates would be a short-lived phenomenon. For a while, the expression “Marry the house, date the rate” was common (and cringey). There was an expectation among some that homebuyers would surely be able to refinance their 6.xx% (or…
Read MoreHousing 2024: Competition continues to increase, but it’s not just among buyers
The real estate industry is undergoing significant consolidation as transaction volumes slide. The past few years have been a roller coaster for mortgage professionals. Since the record-breaking year of 2021, mortgage origination volume has shrunk by almost 75%. This is largely due to the unusual combination of extremely low housing inventory and mortgage interest rates…
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