Mortgage Heroes's Podcast

As things get tighter in the real estate and mortgage markets more industry leaders are raising their voices about the impacts being felt across the nation. Home prices have remained elevated regardless of mortgage rates continuing their rise which is now causing an affordability crisis not seen in 38 years! Today's topics are: 1.Fannie Mae’s chief economist on housing market outlook 2.Why ar...

You have probably heard that insurance carriers are leaving California. We know that this may impact some of you now or in the future. In this episode: Why insurance companies are pulling out of California and Florida, and how to fix some of the underlying problems Limited home insurance options in California as major carriers pull back California lawmakers failed to fix the insurance market. So w...

The Federal Reserve decided to pause rate hikes, but was it the right decision?  And what does this mean for the future or mortgage rates, home sales, jobs, and the economy at large?  In this episode: 1. The Fed pauses its rate hikes for now, will it last? 2. Labor and inflation will help mortgage rates in 2024 3. US Home Price Insights – September 2023 4. Homebuilder sentiment goes negative for t...

The headlines are on the move in real estate and mortgage! Every week new data surprises us with new ways people are getting creative to achieve their homeownership goals! This week we breakdown: 1. More unmarried couples are buying homes together. What to know before you do. 2. Mortgage demand drops to 27-year low as interest rates pull back. 3. Mortgage rate tipping point: Homeowners saw roughly...

Recent reports and research reveal we're experiencing some anomalies in housing and real estate. So today we talked about these recent hot topics to try and make sense of everything that changing: • Mortgage payments increased 17% annually to $2,162 in July 2023 • Did we reach the peak for mortgage rates this year? • US CoreLogic S&P Case-Shiller Index Was Even Year Over Year in June, Sig...

Look, there's no easy way to address all these market conditions happening right now, so we're tackling them head on! New Listings Take a Hit, possibly due to higher mortgage rates. So Where are Mortgage Rates Headed? New Home Sales Grow, even with Higher Rates, can this sustain? Home sales will be weak in 2024 regardless of “soft landing” per Fannie Mae Jerome Powell says the Housing se...

With so much happening all at once it can be easy to feel like we're not in the middle of a storm; however, it is vital to face facts and address what's happening in real estate and mortgage. On deck today we have real estate Inventory growth is slow, Home sales fall again in July, as supply drops to near quarter-century low, Mortgage rates hit their highest point since 2000, Weekly mort...

Boy oh boy this weeks show has a LOT packed  in it. The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy is on the cusp of a turnaround - but is it? Affordability fell across the board due to surging home prices. The median sale price in high-opportunity neighborho...

There's a lot to unpack here. The bottoming out of  home prices that everyone seems to be predicting isn't happening. While at the same time, affordability is at a 38 year low, and homebuilders are hesitating. Is this fueling corporate take overs of residential real estate and boosting asset values like Blackrock's newly achieved $1 Trillion?

"Cristian’s Big Heart" honors the legacy of Tanya & Memo's son Cristian Acosta ‐ Flores whose life was cut tragically short on September 1, 2014 (one day shy of his 19th birthday) due to complications from an undiagnosed enlarged heart. Sudden cardiac arrest (SCA) is the leading cause of death of student athletes and the second leading death of youth under the age of 25. It’s kn...

Jerome Powell and the Federal Reserve made their most recent rate hike decision, policy statement and answered press questions last week. Let’s talk about what we learned, what we’re still waiting to see, and how this impacts homeowners, consumers, and businesses.

Artificial intelligence (AI) is rapidly transforming the real estate industry, providing a wide range of benefits for both buyers and sellers. Today we unpacked some AI uses along with some proposed uses and discuss whether the benefits are worth the risks. Could this cause a Great Divide between tech adopters and traditionalists?

Consumer sentiment is UP. Home prices are UP. Mortgage rates are UP. Mortgage applications are DOWN (currently). New home starts are UP. New home sales are still fetching buyers. Even existing home sales are experiencing multiple buyers once again… Are we facing a “NEW NORMAL” for real estate and the consumer?

Recently a viral post saying "AirBNB Collapse is Real" stirred up quite the conversation on BOTH sides of the issue.  So are they REALLY  in trouble, or is this just HYPE? This week we discussed how this fact or fiction weighs in on Real Estate and Mortgage.

This week we talked about some of what's happening on the front line in Real Estate. National Headlines, news shows and online newsletters can paint certain pictures that don't always reflect what's happening in our own back yard. In this episode you'll hear some of our most recent stories of homeowners winning in the market, changes in the loan process which impact the experie...

Housing inventory has been plaguing most of the country in 2023. However the recent resurgence of Homebuilder confidence and the increase of housing starts led us to discuss is the "housing recession" over?...and did it even really happen?

The Fed paused Rate hikes, but revealed they think their terminal rate should be 0.50% higher by the end of the year. Why the pause now? Why not raise immediately? What are they waiting for? Will they raise rates at July's meeting? Where will mortgage rates go? What EXACTLY are they going to be watching in the economy? ...so many questions.

Andy and Brian unpack where we're at with rates half way through the year. How did we get here, where are we at currently, and where do we think the rates will head by the end of 2023?

Today we're going to take a look back at some of the more memorable moments from the first half of our Show season. This year has definitely had a lot of ups and downs with the Fed, the economy, bank failures, buyers resurgence, among other things, so we hope that you enjoy this mid year check-in recap show. With this many doozies, I’m sure the second half of the year has some surprises up it...

PRODUCTION NOTE: This episode was recorded just days prior to the Debt Ceiling vote. Find out what aspects of lending and real estate are vital and reliant on Government remaining open. We have a follow up episode coming out right after the final vote is settled.

Buyer demand is BACK in San Diego in a big way, and homebuilder sentiment is also up! What’s causing all this buyer demand, sentiment, optimism, and new escrows opening right now? 

In this episode, Brian Memo & Andy each discuss 3 Market observations and predictions relevant to what's happening in Real Estate and Mortgage RIGHT NOW! Also, we also got to celebrate the DTI Loan Level Price Adjustment rule being rescinded! What a great week and a cost savings for borrowers nationwide!

Another Fed Meeting, another rate hike...but now where do they go from here? The prepared comments weren't too revealing and the press Q& A session was really vague. So now we're left dissecting the data to determine what we think will happen in mortgage and real estate through 2023. Here's what we think is going on!

The new Loan Level Price Adjustments are out and people are pretty upset (including us). Today we talked about the new fee changes that are impacting ALL CONVENTIONAL LOANS originated from May 1, 2023 onward. SIGN THE PETITION TO REVERSE THESE FEES: https://www.change.org/p/stop-the-fhfa-s-unfair-loan-level-price-adjustments-on-mortgagees-with-good-credit?recruited_by_id=1f332830-defa-11ed-87f8-77...

This week we talk about the Spring & Summer Buying Season and how market pessimism is NOT actually weighing in on trends here in San Diego.