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How Dodd-Frank Creates Low Mortgage Rates

How Dodd-Frank Creates Low Mortgage Rates

An amazing thing happened in Washington during the past week, something that positively impacts mortgage rates. A new report shows that the Dodd-Frank Act, a piece of 2010 legislation which the President and much of the Congress have vowed to emasculate if not completely overturn, actually works. The purpose of Dodd-Frank is to prevent another […]

Flailing Money Markets Power Today’s Real Estate Prices

Flailing Money Markets Power Today’s Real Estate Prices

If you’ve looked at mortgage rates recently you might have noticed something interesting, money markets worldwide are making real estate financing costs lower than they were at the end of 2016. Not very much lower, but lower. As far as anybody knows the Federal Reserve is still poised to raise bank rates higher at several […]

Why Can’t Chefs Rate Restaurant Reviews?

Why Can’t Chefs Rate Restaurant Reviews?

Restaurant reviews have become a national staple, fun for foodies but too often a death knell for hard-working chefs and servers. Reviewers get to be critical, ironic, funny and picky – even if they have no idea of what they’re talking about. And that brings us to the essential flaw represented by online restaurant reviews: […]

Trump, FHA Mortgages and Rethinking Discounts

Trump, FHA Mortgages and Rethinking Discounts

Speaking from the Capitol at his inauguration, our new President said “for too long, a small group in our nation’s capital has reaped the rewards of government while the people have borne the cost. Washington flourished, but the people did not share in its wealth.” And then, within an hour, it was announced that a […]

Legacy Foreclosures Hide Mortgage Successes

Legacy Foreclosures Hide Mortgage Successes

There’s no doubt about it, 2016 was a bright spot for foreclosures, the best year since 2006. The latest figures from ATTOM Data Solutions show that in 2016 there were 933,045 foreclosure filings of all sorts — default notices, scheduled auctions and bank repossessions. That’s down almost 14 percent from 2015. “The national foreclosure rate […]

Mortgage Rates Fall In 2017 — What’s Next?

Mortgage Rates Fall In 2017 — What’s Next?

Mortgage rates are down. That’s not a fantasy. They’re certainly not as low as last summer nor as far down as 2012 when we saw the lowest rates in 65 years, but they’ve dropped from recent highs and they may go lower. Ten-year Treasury notes are useful to follow because they generally move up and […]

2017 Mortgage Loan Limits — With Charts

2017 Mortgage Loan Limits — With Charts

For the first time in 10 years mortgage loan limits will increase, a step that will help borrowers and sellers in high-cost areas nationwide. The increase is not large — $424,100 in 2017 for most single-family homes versus $417,000 in 2016 — but it’s a step which many in the real estate industry welcome. Why […]