When it comes to buying a home, mortgage rates play a massive role in determining affordability. With President-elect Trump’s potential economic policies on the horizon, it’s worth asking: how could these plans influence mortgage rates? Let’s break it down. 1. Fiscal Policies and Government Debt: ... » Learn More about How Trump’s Economic Plan Could Impact Mortgage Rates
Regulations and Laws
FHFA Mortgage Loan and Natural Disaster Dashboard
The Federal Housing Finance Agency (FHFA) has released the Mortgage Loan and Natural Disaster Dashboard the public. It’s designed to provide property owners, community leaders, financial institutions, policymakers, and other stakeholders with better insight into which areas are most likely to incur ... » Learn More about FHFA Mortgage Loan and Natural Disaster Dashboard
So How Much Debt Has The Government Got Us In?
The government debt is the difference between revenue (taxes) and the expenditures. It's basically on our credit card. It matters because bonds have to be sold to finance that debt. Interest has to be paid to cover that debt. Those bonds are in competition with other debt that needs to be financed, ... » Learn More about So How Much Debt Has The Government Got Us In?
Financial Literacy Education In California Schools – Finally!
Anybody that knows me has heard my rants about the lack of financial literacy education in the California schools. I blogged last year how California received an “F” in a 2023 national “report card” from the Center for Financial Literacy at Champlain College in Vermont. Back in 2016, I worked ... » Learn More about Financial Literacy Education In California Schools – Finally!
Exploring the Possibility of No-Doc Mortgages
As a mortgage broker for close to 4 decades, I’ve seen loan programs (and lenders) come and go. Some of the population fit into the traditional “Box” as a W-2 employee where income to qualify for a loan is obvious and easily documented. Many potential borrowers fall into the business owner, ... » Learn More about Exploring the Possibility of No-Doc Mortgages