• December 31, 2023
• no comment
• realestatelife

Downsizing can be a difficult process for anyone, particularly for seniors who have lived in their homes for decades. It can be overwhelming to decide what to keep, what to donate, and what to throw away. However, given the physical and financial demands of owning and maintaining a large home, many seniors opt to downsize.

• December 31, 2023
• no comment
• realestatelife

Embarking on higher education as an adult can be an inspiring journey, but the financial aspect often brings waves of concern. However, there’s a path less traveled that intertwines real estate savvy with educational advancement: house renovation for tuition. This method not only promises a practical return on investment but also the satisfaction of reshaping

• December 29, 2023
• no comment
• realestatelife

Rate sheets today should be about the same as yesterday, and reprice risk is low. Things are generally quiet between Christmas and New Years, and I don’t expect this time around to be any different as traders take the rest of the year off. Other than some housing data there isn’t much in the way

• December 26, 2023
• no comment
• realestatelife

Rate sheets today should continue to hold steady and reprice risk is low. Things are generally quiet between Christmas and New Years, and I don’t expect this time around to be any different as traders take the rest of the year off. Other than some housing data there isn’t much in the way of economic

• December 25, 2023
• no comment
• realestatelife

Pricing this morning similar to yesterday, no reason to worry about reprices. Mixed data this morning, but the PCE inflation came in slightly better than was forecast. However, trading volumes are so low it’s not like we are going to see any kind of rally on the news. Bond market closes at 2pm today, and

• December 21, 2023
• no comment
• realestatelife

Rate sheets today once again similar to yesterday, and reprice risk on the day is low. Markets are seeing low trading volume, as expected, with many traders taking the end of year off. Tomorrow morning we get the PCE inflation data, the Fed’s favored gauge of inflation. Normally I’d say I don’t expect it to

• December 19, 2023
• no comment
• realestatelife

UMBS 5.5 100.23 (+5bps)10yr yield 3.93 Another quiet day as expected. Once again, although there is little urgency to locking, there is little expected benefit to floating. I’d consider locking any loans that are within 30 days of closing simply for peace of mind. We aren’t likely to see any bigger moves until January’s labor

• December 18, 2023
• no comment
• realestatelife

Rate sheets today may be a bit worse than Friday but shouldn’t be much… however, we are seeing definite signs that this rally has stalled. Reprice risk on the day is low, nothing on the economic calendar or in the headlines that should shake things up. Markets are shrugging off cautionary comments made by Fed

• December 17, 2023
• no comment
• realestatelife

Rate sheets today either similar or just slightly worse than yesterday, and reprice risk on the day is moderate. The tea leaves are pointing to this rally being at the end of its leash for now, and I stand by yesterday’s suggestion to lock any loans that are closing in the next 30 days or

• December 14, 2023
• no comment
• realestatelife

Christmas came early for rate sheets today, with the best pricing we’ve seen in months. Base conventional conforming rates breaking below 7% (national rate avg using Mortgage News Daily as a reference point) after yesterday’s Fed meeting delivered. Reprice risk today is moderate, bonds started out really strong but lost ground early on strong retail