Today in Mortgages

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk the latest Fed meeting. The CME has a Fed watch tool and the likeliness of a rate reduction is very low until June. Ultimately, borrowers should not be waiting for rates to reduce to make a move on a property. If you're on the fence to buy and you're waiting on the Fed or Trump to influence...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk December's boost in new home sales. Builders were promoting a lot of incentives to move their inventory before the end of the year. And, reports say homes under $350k increased from 15% to 20% of market share. Meaning lots of first-time home buyers out there.  Today's article "New home...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about our new president, and his new initatives. The article we look at today is: "What Trump's win could mean for housing: experts weigh in." There are a lot of thoughts in this article, but we want to focus on the idea of privatizing Freddie Mae, and Fannie Mac.  The biggest hurdle in...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the most recent CPI report. Good news, inflation continues to slow down, even though it was slightly up after yesterdays report. Today we look at two competing headlines. The first article is from Realtor.com titled "Inflation rises for the third straight month in troubling sign for mortgag...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the devastating California fires and the consequences. Today's article is from Reuters.com: "Biggest US banks ready mortgage relief for victims of Los Angeles wildfires." The article discusses ways banks are helping victims thru different measures, including forbearance which give...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about 2025 mortgage predictions. There's a lot to look forward to, after another rate cut yesterday. Mortgagereports.com has some broad predictions "2024 housing market: Key takeaways and what lies ahead."  Some factors that played into the economy in 2024 included Prices and inventory...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about whether economic headwinds are reducing our opportunity for rates cuts in 2025. We are anticipating a rate cut tomorrow, which is widely expected and will likely not cause any change to mortgage rates.  Today's article is from YahooFinance.com "The Fed could be on the verge of ripping...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about who's buying and selling mortgages in 2025. The discussion references Realtor.com's article "Younger American's who bought their homes during the pandemic will be 2025's biggest sellers." The results of the article's survey found that 20% of homeowners will be...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the FHA's proposed rental requirements. Today's article: "FHA proposes looser Boarder Income Requirements for Qualifying" says the FHA realizes it needs to use all income streams to help qualify first-time buyers, and rental income is one of them.  The FHA is allowing 12-mont...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk all about homebuilders! We are a few weeks into our post-election reality and the market is looking up now that we know who our future president will be. Today's article from Housingwire "Homebuilder confidence gets a post-election boost" says builders spirits are looking up!  Homebuild...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the new president and new policies. Today's article is from CNBC: "Here's what the trump presidency could mean for the housing market, experts say" talks about what President Trump plans to do to fix housing. First we can expect, deregulation to increase affordability, howeve...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the Fed's second rate cut. Today's article is from CNBC "Mortgage rates surge higher on Trump victory, causing housing stocks to fall." Post election we saw a slight rate bump, Trump's campaign said they would give tax cuts and would put tariffs on imports, which initial...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about what we can expect with the next rate cut. There is another fed meeting later this week, and CBS News' article asks "What will happen to mortgage rates after this week's Fed rate cut?" We are all expecting a 25% basis point rate cut, but unfortunately that is already applied...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the state of home sales and inflation. The PCE came in right on target at 2.1%, where the Fed was expecting. This is one of the Fed's primary gages for inflation. Housing inflation has slowed a bit, and sales haven't increased as much due to affordability still being an issue due to th...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about the housing market's slow comeback as they look forward to the rest of this year and beyond. The good thing is people will always need housing, despite the fact that we are a little behind the expectations for the year, next year is looking up. Today's article is from National Mortgage...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about home appreciation. Today's article "Home price growth slows but remains robust" highlights the cooling home prices we are seeing. We are about to get loan limits for next year which show an increase in home prices of 5.9%. And, what we are seeing today is normal. Home prices typic...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about home prices one more time. The question they ask today is based on today's article: "What will happen to home prices as interest rates are cut." Three things can happen: prices continue to grow, they go down or they stay the same. Some of the factors that will influence home price...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about why rates aren't getting better. The reason we are all confused is because rates are climbing, and this is after the highly anticipated rate cut. This could be due to a positive jobs report, and inflation coming down -- the two main factors the fed is trying to control. So the Fed is doing...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard talk about some of the factors that are currently bringing down home prices. New homes are slowly becoming more affordable for median earning Americans, and one of the main factors contributing to this trend downward is lumber costs. According to this article from National Association of Homebuilders, &quo...

Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard Jefferson dive into some optimistic news on home affordability. They discuss a recent article from National Mortgage Professional titled Starter Homes Newly Affordable in 4 US Metros. With insights on rising wages, increasing home listings, and declining interest rates, this episode is packed with valuable...

Welcome back dreammakers! In this episode of "Today in Mortgages," we talk about what's to come this fall. We are seeing our spring/summer home buying season being extended with an influx of homes this fall (up to 1.3 million homes). So it's a great time to look if you were waiting to buy. Rates have come down, so inventory has gone up - but we predict this is just for a short...

Welcome back dreammakers! In this episode of "Today in Mortgages," we talk about the big stimulus package passed in China today. First, we review some of the things that can affect rates as mentioned in CBS News' article "6 things that impact mortgage interest rates (besides the fed)" which includes labor, and global economic trends. Taking a deeper look at global markets,...

Welcome back dreammakers! In this episode of "Today in Mortgages," we talk about the results of the Fed rate cut meeting: 50 basis points. How did that news affect the markets? We discuss the aftermath along with today's article from Fox News "Will the Fed rate cut bring down mortgage rates?" Obviously, we got a bigger rate cut than we were expecting, but we didn't se...

Welcome back dreammakers! In this episode of "Today in Mortgages," we talk about the highly anticipated upcoming Fed meeting to discuss cutting rates. We reference an article from Market Watch to help guide our discussion around refinancing: "The Fed is about to cut interest rates. Here's how to decide when to refinance your mortgage." Our borrowers need help figuring out...

Welcome back dreammakers! In this episode of "Today in Mortgages," we talk about the big presidential debate that went down this week and what it means for housing policy. Time Magazine's analyzes the candidates policy in today's article: "Here's what Harris and Trump has proposed to help the housing crisis." Crisis is a strong word and we agree, we are short at...