Safe Harbor Scramble Drops Rates Mortgage lenders are anticipating as much as a full point increase in interest rates over the next month. What’s less clear: whether the transition will be smooth (weekly, incremental bumps of say, .25%) or a more abrupt re-pricing. I’ve certainly heard this from lenders before ” like, quarterly for the...Read More
Cutting to the Bone Can 30-year mortgage rates — now quoted at a previously unheard of 4.25% — go much lower? Regardless of what the economy (or Fed) does from here, it may be hard for rates to decline much more, simply because banks’ overhead to originate and service mortgages is about that much (or...Read More
Deciding Rationally — or Realistically I don’t usually advise clients which mortgage is best for them; that depends on their financial circumstances, time horizon, credit scores, etc. However, if clients ask, I will serve as a backstop for advice they’re getting elsewhere (like from their financial advisors). And I always encourage clients to get a...Read More
