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2019 was an incredible year for Stocks, which finished the final trading week of the year at all-time highs. Generally speaking, when Stocks go higher, so do rates. And that was the case this past week as home loan rates ticked up to the highest levels in months. So, what was the reason for higher…

As we enter the final weeks of 2019, the housing and home lending sectors have enjoyed a good year thanks to a “Goldilocks” scenario of a tight labor market, rising wages, consumer confidence, and three-year low interest rates. Many are asking “What should we expect for housing, and thus lending, as we enter 2020?” The…

Many of our Borrowers and Networks are wondering what lies ahead for housing as we enter 2020. There are many reasons why the U.S. housing sector should do well for the foreseeable future, but here’s three main reasons for the bright outlook: Housing Starts are improving. This is especially true for single-family homes, which have risen…

Construction loan product: Solutions! We generally place loans on “Ready to Build” Multifamily and Residential homes, generally up to 20 units in California and in the South Western US. We place and fund both Bank or Non-Bank Construction Loans and Real Estate Investment Solutions like cash out and Portfolio restructure. We are often able to…

Last Week in Review: The Definition of Goldilocks “Looking ahead, my colleagues and I see a sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2% objective as most likely.” — Fed Chairman Jerome Powell, 11/13/2019 This quote from our Fed Chair on Capitol Hill this past week was the definition of…

What is a 40 year Fixed Rate Loan with a 10 Year Interest Only Feature Loan? Are you looking to take advantage of todays Low Interest Rates for longer term? Maybe you seek a lower initial home loan payment after cash out? With Rates on the rise, you are not alone! Our lending products are…

Quick FHA Condo Approval Rules Guide you may need to know: What is the FHA you might ask? – FHA stands for Federal Housing Administration – An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). Designed for low-to-moderate income borrowers, FHA loans require a lower minimum down payments and…

Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan. PMI is arranged by the lender and provided by private insurance companies. PMI is usually required when you…

Recession fears were back in full swing this past week, thanks to the weakest manufacturing report since June 2009, which was the last month of the Great Recession. Manufacturing makes up 12% of our economy, while consumer spending makes up nearly 70%. So even though the consumer remains strong, markets were spooked that this is…

This past week was a classic example of how good news means bad news for Bonds and home loan rates. A little trade deal with Japan, solid housing numbers, and hopeful news on the U.S./China trade dispute was enough to erase the previous week’s modest improvement in rates. And on top of it all, Fed…