Real Estate Refresh

This week gave us more than two insane headlines but there were two specifically that actually collided in the bond market. Just hours after I published this vlog last week, talking about the impacts of Trump’s announcement that he wants $200 billion in mortgage-backed securities purchased by government entities in order to bring down mortgage rates…the Federal Reserve was served a flurry of subpoenas. This man is his own worst enemy because the bond market didn’t like that n

I was working away yesterday when I glanced at mortgage bonds and saw they had shot into the green 30 basis points. I was like uhh what happened?!  Then I opened Instagram and everyone was losing their minds about Trump’s announcement that he’s directing the government to purchase $200 billion in mortgage-backed securities in order to lower mortgage rates. This is called quantitative easing and is the other, less known, level the Fed has at its disposal to stimulate the econo

If you’re a first-time homebuyer, you’ve probably been told the same thing for years:  “Just wait for rates to come down.”   It sounds logical. It feels responsible.  It’s also the reason a lot of people never make it into the housing market at all.  Over the past 12 years helping hundreds of first time homebuyers, I know this to be a fact: housing affordability isn’t won when interest rates are the lowest.  It’s won when competition is manageable and buyers have leverage.  T