More than a handful would-be home buyers stayed on the sidelines this year, waiting for Election Day to pass. The prevailing thought was that once the new President-Elect was identified, credit markets will systemically unfreeze and housing markets will return to normal. If history is a guide, this is an unlikely scenario. Election Day doesn’t [...]

More than a handful would-be home buyers stayed on the sidelines this year, waiting for Election Day to pass. The prevailing thought was that once the new President-Elect was identified, credit markets will systemically unfreeze and housing markets will return to normal. If history is a guide, this is an unlikely scenario. Election Day doesn’t [...]

If you take a look the above graph, you don’t have to be a rocket scientist to understand the next wave of trouble brewing. I pointed out in red where we currently are with resets on Adjustable Rate Mortgages’ (ARM’s). I read an interesting article that points out the very same thing I have been [...]

As global credit markets deteriorated in October, mortgage markets displayed an unnerving amount of volatility. Last week was no different. But, unlike in previous weeks in which rates improved on some days and worsened on others, mortgage rates were mostly higher last week, finishing the month on a surge. The biggest reason why mortgage rates [...]