Lately, I’ve heard a lot of people say that mortgage rates are “average” or “normal.” As in, they are neither high nor low. They’re just typical. This is usually in response to someone pointing out that they are much higher than they were just a few years ago. In some ways, this feels like a … Read more
Recently, many people have argued that we will not return to lower mortgage rates. That it is not possible to return to low mortgage rates. The thing is, when they say that, they always think of 3% mortgage rates, maybe 4%. In reality, mortgage rates could fall significantly from current levels while remaining much higher … Read more
Although mortgage rates have already seen some improvement since the election dust settled, they remain quite high. At last glance, the 30-year fixed rate was hovering around 6.875%, down about 0.25% from its recent highs. It’s been a good few days, but rates are still at least 0.75% higher than they were in mid-September. Why … Read more
MSMEs are important to the country’s economy as they drive innovation, create jobs and contribute to GDP. MSME loans provide funds for MSME expansion or for carrying out day-to-day operations. However, the cost of these loans depends on the interest rate, which influences the financial health of MSMEs and their ability to grow. MSME owners … Read more
I often try to find glimmers of hope in bad situations. The latest issue facing potential buyers is the return to mortgage rates of 7%, down from around 6% just a month ago. While there is no clear negative correlation between mortgage rates and home prices, as one goes up and the other goes down, … Read more
It now seems pretty clear that what economic data emerges between now and next week won’t matter. Mortgage rates are not going to improve significantly this week or before the election. Too bad for those who have to block their prices and/or close this week. And last month for that matter. Lenders are essentially in … Read more
When it comes to growing your business, whether it’s launching a new project, expanding your operations, or managing your daily expenses, getting the right financing is essential. One of the most common ways to do this is through a business loan. However, the actual cost of borrowing depends not only on the loan amount, but … Read more
If you recall, Chase took over the struggling First Republic Bank in May 2023. Before the fall of the First Republic, they were the leading giant real estate lender in the United States. They were aimed at very wealthy homeowners and businessmen. And it was ironically their ultra-low rate mortgages that ultimately brought them down. … Read more
Personal loans can be the most helpful financial solution for anyone who needs extra funds for a large purchase, family event, or unforeseen emergency. But let’s say you’re planning a wedding and find a great loan offer, only to find out later that your interest is higher than expected. So how can you make sure … Read more
It’s no secret that almost everyone thinks mortgage rates will be higher under President Trump. But as has been announced this time, we have seen a very defensive bond market in the run-up to the election. Many argued that his election victory was already priced into the bond market. After all, the 10-year yield has … Read more