Do you have lien’s against the title of your home? If you have a mortgage, you have a lien. There are other liens that could be filed against your home as well and maybe you don’t even know!  Consider the list below, do any of these sound familiar? if you are looking to refinance, we need to know if any of these things may have happened or could exist. It is very important to discuss everything you owe to everyone that you owe it, even if it might not be on your credit report.

  1. Home Equity Line of Credit
  2. SBA loan
  3. HERO loan
  4. Pace Loan
  5. Loan Modification
  6. Loan Deferment
  7. Down Payment Assistance
  8. Back Child Support
  9. Back Alimony
  10. IRS or State Tax balances

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Clients and audience members must text the word “mom” to the phone number 844-935-3634 (We Lend 4 You) in order to get updates and links. So do that TODAY!

How do you schedule a phone consultation with mom? BOOK NOW Get your free consultation today!

We are LIVE on YOUTUBE every Wednesday. Watch us record our show! Ask us your questions right in the feed or call in and we will answer them for you LIVE. Text “MOM” to 844-935-3634 for a weekly link to join when we get started.

Mortgage Mom Radio equips you with all the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and finally, watch our HOMEBUYER WORKSHOP SERIES on YouTube!

Debbie Marcoux is licensed by the Department of Financial Institutions under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, ID – MLO 2080237926, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926

 

Wednesday, September 8th, 2021

RE: Locking in your interest rate – Can you still make changes?

Debbie’s co-host today is, mortgage educator and loan officer, Larry Ehrlich, or more lovingly referred to at the company as, our mortgage dad 🙂

At the top of the show they discuss the incredibly hot weather in Valencia, Debbie’s new pink boat and other fun topics like “pumpkin spice weather.”

Debbie tells her audience that her team is a “One Stop Shop” and are here to help seven days a week. The team is very reachable. Quoting Debbie, “All you have to do is reach out, no matter what state you are in!” If you are looking to buy, sell, refinance, or all three, they can get you moved forward in the right direction.

Debbie and Larry jump into Mortgage after their quick catch up and begin to discuss the dynamics of locking in your interest rate. When clients ask about locking in rates, Larry says that rates are always constantly changing and that it’s always a risk as to whether it will be decent one day but better the next, and vice versa.

Diving deeper, interest rates are based upon the client’s FICO score and financial history says Debbie. She also says that the applications need to be filled out completely in order to get an accurate interest rate, especially when it comes to your debt to income ratio.  Larry says that once you are locked into a rate you are locked in! If the rates get worse during your lock period, you are still locked in. Or if the rates get better, you are locked in! So it can go both ways. The market is very volatile says Larry.

Debbie mentions that in order to keep the locked in “agreed upon” rate, the client must be ready within that rate lock period, typically 30 days. If you are not ready to close within your rate lock term, an extension fee will be incurred. We want to avoid that if at all possible. How do you make sure that you do not get hit with that rate lock extension fee? Be responsive and get in all of your documentation as fast as possible upon request.

Debbie discusses the rate lock being tied to the day that it was requested, not your loan amount or loan program or term. All of those things can be changed along the way but your interest rate is tied to the rate sheet and what was available on the rate sheet issued when the lock was originally requested.

Larry’s opinion, “If clients are happy with their rate, lock it, especially because rates are on an upward trend at this time within the market.”

The Mortgage Mom team is here every step of the way to help their clients through the application process. Debbie says, “Use the Mortgage Mom Radio App, send us an e-mail or just call in! Getting a free phone consultation is your first step in this process!” The whole goal of Mortgage Mom Radio is to create a game plan for our clients and to educate them. It is the very best way to see your goal past the finish line.

How do you schedule a phone consultation with mom? BOOK NOW Get your free consultation today!

We are LIVE on YOUTUBE every Wednesday. Watch us record our show! Want to be interactive with us live during the show? Or, want to download our phone app?  Text “MOM” to 844-935-3634 to receive a weekly link to join. You will also receive the link to download the app.

Thinking of buying your first home and you have no idea where to start? Watch our HOMEBUYER WORKSHOP SERIES on YouTube!

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Debbie Marcoux is licensed by the Department of Financial Innovations under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID – MLO 2080237926, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926

Wednesday, July 28th, 2021

Our show is interactive and educational based on Debbie Marcoux, The Mortgage Mom, and her team’s opinions of the business. They are NOT financial advisors!

 

What did we talk about during this week’s show?

 

 

 

 

 

 

 

How do you schedule a phone consultation with mom? BOOK NOW Get your free consultation today!

We are LIVE on YOUTUBE every Wednesday. Watch us record our show! Ask us your questions right in the feed or call in and we will answer them for you LIVE. Text “MOM” to 844-935-3634 for a weekly link to join when we get started.

Mortgage Mom Radio equips you with all the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and finally, watch our HOMEBUYER WORKSHOP SERIES on YouTube!

Debbie Marcoux is licensed by the Department of Financial Institutions under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, ID – MLO 2080237926, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926

Wednesday, July 7th, 2021 – On today’s show, Debbie brings in Team Member and Loan Assistant Heidi Slagle-Points once again to talk about the Mortgage/Lending industry. They start off the show with their segment “Catching Up With Mom” where they both reflect on their 4th of July weekend .

Heidi then asks the audience and future buyers to not pay off their debt if it’s already being included on their loan. This will substantially delay the process due to the tremendous amount of extra paperwork, etc..

This was the first week that Debbie took live calls with questions during the YouTube Live Stream. How do you call us with your questions and get to hear yourself on radio? Text “MOM” to 844-935-3634 to opt in for a reminder text message each week with the link to click when we go live. 

Here are some of the topics that came up during our live question and answer session this week:

 

 

We are LIVE on YouTube every Wednesday . Watch us record our show! Ask us your questions right in the feed or call in and we’ll answer them for you LIVE. Make sure to subscribe to our channel and turn on your notifications to know when we get started. or text “MOM” to 844-935-3634 for a weekly reminder link when we get started.

Mortgage Mom Radio equips you with all of the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and last but not least, watch our Homebuyer Workshop Series on YouTube! Mortgage Mom Radio

How do you schedule a phone appointment with mom? Call our office, 844-935-3634. Get your free consultation today! 

Debbie Marcoux is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926 | Heidi Slagle-Points CA NMLS ID 1666881

 

 

On today’s show, Debbie brings in Team Member and Loan Assistant Heidi Slagle-Points to talk shop and other interesting topics.

Debbie is excited to finally announce that her 1-800 number is now available, which also accepts texts.

They talk about Arizona heat vs. Southern California heat. The conversation leads to how now is the perfect time to get home improvements done. From putting in pools, replacing windows, air conditioning units breaking down, now is a great time to refinance and pull cash out for these repairs because interest rates are still good.

They talk credit card debt, lines of credit, blended rates/consolidation, equity loans vs. equity lines and the benefits of canceling mortgage insurance.

Debbie and Heidi drill down on FHA’s, modifications, conventional and USDA loans.

They educate their audience with details of deferment and forbearances and how it all works. She also tells her audience that disclosing forbearance/deferment history is imperative when talking with her team.

The Mortgage Mom Radio Team is there to help you every step of the way! Debbie also talks about the efficiency of her new phone App and how interactive it is for her audience. All you have to do is reach out!

We are LIVE on YouTube every Wednesday at 5 PM. Watch us record our show! Ask us your questions right in the feed, we’ll read those and answer them for you. Make sure to subscribe to our channel and turn on your notifications to know when we get started.

Mortgage Mom Radio equips you with all of the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube! Mortgage Mom Radio

How do you schedule a phone appointment with mom? Call our office, 844-935-3634. Get your free consultation today! Do you want our phone app to have the tools you need at your fingertips? Click the link: PHONE APP

Debbie Marcoux is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926 | Heidi Slagle-Points CA NMLS ID 1666881

On today’s segment, Debbie brings in real-estate agent and childhood friend Heather Barkley-Kilpatrick to discuss various topics. Debbie also talks with her son (and high-ranking gamer) Mikey about the details of the online gaming world since she is officially sponsoring that part of the industry. Heather chimes in on the subject and points out how lucrative that business has become in recent years while Mikey relates the gaming industry to the world of sports and what the similarities and differences are. This further fuels Debbie’s ongoing determination to one day do a loan with one of these gamers.

Debbie expresses on how her show is tailored to bringing education to her listeners and how important that is. She reveals her various referral partners ranging from insurance agents, realtors and home inspectors. Heather drills down on the subject of referral partners with specifics when she talks about bidding, repairs, contractors, roof inspectors, plumbing inspectors and finding a handyman. Debbie takes the opportunity to express how personable and reachable her team is at all times in all home-buying relations. Debbie and Heather then discuss how the rates this week specifically are going up and down and how important it is to get prepared when doing a re-finance or purchasing a home, especially when locking in a rate. They even talk a little bit about Bitcoin and how things that are happening in the world currently do impact the interest rates.

Debbie then urges the importance of future home-buyers to be upfront and honest about their credit scores, especially when getting an accurate quote for their loan. She states that going through the credit report with her clients can enhance benefits to these future home-buyers in the long run due to her leveraging talents and years of experience. Debbie gives examples and scenarios of various options she can juggle through with her clients in order to get to a successful decision.

Debbie is consistently asking the audience to be interactive on her show, especially because of the potential of bringing up points that can be discussed more in detail.

Heather and Debbie reminisce on the 80’s, their childhood experience together and subjects of hairstyles, clothing styles and make-up.

Debbie clearly considers her team-members as “family” and the importance of working with them.

Both Debbie and Heather jump back on the subject of loans. They talk about paying points for a loan, conventional loans and other scenarios to help further educate the audience. Education for their audience is their goal. Education from Mortgage Mom Radio is free, so “book an appointment and get educated” says Debbie, even if the client may be going through a competitor lender. It doesn’t matter because they are here to help you. Debbie also gives more scenarios on how dropping mortgage insurance will save the client money. Heather also points out how she was able to combine a first and second loan for a client and save them a “ton of money,” including dropping their mortgage insurance. She also says that because of her client calling in with a goal, Heather was able to analyze the goal and give even better options than what the client first embarked on. Debbie discloses to her audience that they can now make appointments on weekends, which is a positive game-changer for her clients. Heather sympathizes with the potential clients that have random schedules, and drills down on Debbie’s point of being open during the weekends.

 They get on the topic of loan modifications, deferments, forbearances and how Covid enabled these options. Debbie talks about how her team can strategically help with refinancing due to forbearances and deferments. Debbie and Heather bring up three important points: #1 – Hold on to your loan modification paperwork because that is “golden.” #2 – Make an appointment so they can see your situation and help you with it. #3 – Refinancing does NOT show up on your credit report, only on your title report. Debbie makes the point that interest rates are currently still good. She emphasizes the importance of people calling in and or commenting during the show to keep the interaction and education flowing. Debbie is excited about her phone App and Toll-Free number soon allowing text messages, which will create more interaction with her audience and potential clients. 

PlayPlay

Wednesday, June 2nd, 2021 – Debbie opens up today’s show by bringing in seasoned loan officer Larry Ehrlich AKA the Mortgage Dad to explore various topics. They discuss what was first to crash during 2007, 2008 and 2009 with the correlation of investment properties and second homes. They also point out how current investment properties have quite a bit higher of an interest rate compared to primary residence properties due to lenders protecting themselves from future disasters.

 

Mortgage Mom Radio airs weekly focusing on topics that will educate our listeners around mortgage lending. This week Debbie is joined by returning guest Escrow Officer Jennifer Davidson to continue the 2021 Homebuyers Workshop series by covering what escrow is and important tips to move your loan smoothly through the loan process.

We are LIVE on YouTube every Wednesday at 5 PM. Watch us record our show! Ask us your questions right in the feed, we’ll read those and answer them for you. Make sure to subscribe to our channel and turn on your notifications to know when we get started.

Mortgage Mom Radio equips you with all of the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube! Mortgage Mom Radio

How do you schedule a phone appointment with mom? Call our office, 844-935-3634. Get your free consultation today! Do you want our phone app to have the tools you need at your fingertips? Click the link: PHONE APP

Debbie Marcoux is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926 | Heidi Slagle-Points CA NMLS ID 1666881

Mortgage Mom Radio airs weekly focusing on topics that will educate our listeners around mortgage lending. This week Debbie is joined by returning guest Escrow Officer Jennifer Davidson to continue the 2021 Homebuyers Workshop series by covering what escrow is and important tips to move your loan smoothly through the loan process.

We are LIVE on YouTube every Wednesday at 5 PM. Watch us record our show! Ask us your questions right in the feed, we’ll read those and answer them for you. Make sure to subscribe to our channel and turn on your notifications to know when we get started.

Mortgage Mom Radio equips you with all of the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube! Mortgage Mom Radio

How do you schedule a phone appointment with mom? Call our office, 844-935-3634. Get your free consultation today! Do you want our phone app to have the tools you need at your fingertips? Click the link: PHONE APP

Debbie Marcoux is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926 | Heidi Slagle-Points CA NMLS ID 1666881

Mortgage Mom Radio airs weekly focusing on topics that will educate our listeners around mortgage lending. This week Debbie and Heidi discuss the new Experian Boost feature and explain everything you need to know if you are about to apply or are in the middle of applying for a mortgage.


In This Issue

“It is not in the stars to hold our destiny, but in ourselves.” – William Shakespeare

Please feel free to forward this newsletter to friends, family or co-workers who may find it helpful.

What To Watch

Sell in May and Go Away – Explained

Each spring, the same phrase pops up for stock investors: “Sell in May and go away.” It’s important to track, as generally stocks go down, and so do rates.

That question is whether or not stock market investors will see “Sell in May and go away” this season. Yahoo Finance tells us that the full axiom was originally, “Sell in May and go away, and come on back on St. Leger’s Day.” It has its roots in the city of London. Financial professionals would go on holiday in May for approximately four months to escape the summer heat and return for the St. Leger derby in mid-September. Traders and bankers in the U.S. appropriated the aphorism over the years and condensed it to its current form.

The current form is based on the historical tendency for the stock market to produce its best gains between Halloween and May Day (the so-called “winter” months) and to produce well-below-average returns the other six months of the year (the “summer” months).

We did not see “Sell in May” last year, as the stock markets were on a big surge higher after the huge losses seen in March due to the shutdowns. But with stocks at record high levels and high market volatility, there is a possibility of a move lower in stock prices after earnings season winds down at the end of the month. Despite never-ending stimulus, which stocks love, they cannot go straight up, and corrections big and small are always healthy and expected.

If this were to occur, it could shift some investing dollars from stocks into bonds, which would help to further stabilize or cap the recent rise in mortgage rates that was seen from mid-January until the end of March.

If “Sell in May” does not take place this year, do not get too worried. The Federal Reserve continues to try and hold rates at historically low levels and will do so until we see full employment and ideal inflation. Can mortgage rates increase marginally if the economy continues to grow? Yes, that would be normal in an an expanding economy. If the economy is strong, and if the job market continues to rebound, modestly higher rates should not be a deterrent to homeownership.

Bottom line: Rates are still historically low, and now is still a great time to either refinance or consider purchasing a home.

Source: Mortgage Market Guide

 

Housing News

2021 Housing Market Predictions

The housing market is tricky to predict, especially since 2020 was a year full of unpredictability. Although no one can forecast what will happen with entire certainty, housing trends can give you an idea about what to expect when it comes to buying or selling a home.

It should come as no surprise that 2020 saw huge fluctuations in the housing market as the country was hit with massive amounts of unemployment and extensive shelter-in-place orders. However, the housing market saw an uptick in pending home sales and rebounded much faster than other sectors of the economy. In fact, 2020 was a record-breaking year for the market with 5.64 million homes sold, the most since the Great Depression.

For 2021, experts predict that the housing market will continue to thrive, thanks to several key features:

While 2021 looks to be competitive for buyers, resulting in quick-selling homes and higher prices, sellers should feel pretty good about the housing market. Reach out to your real estate expert if you’re ready to make the jump in 2021.

Sources: Financialsamurai.com, Daveramsey.com, Noradarealestate.com

 

Home Improvement

Turn an Old Dresser Into a Unique Sink

Have you ever gotten the urge to turn an old piece of furniture into something fabulous but were scared about tackling the project? Don’t let your fears get in the way of creating a unique sink out of an old dresser. Not only will the outcome look stunning, but you can save the money you would spend on a brand-new piece.

  1. Select a dresser that fits the space and make sure it’s sturdy. It’s best to use one that’s made out of solid wood to support the weight of the sink and faucet.
  2. Purchase a drop-in sink and place it upside down in the center of the dresser’s top. Trace an outline of the sink and draw a line about 1 inch inside the line to mark the cut line.
  3. Use a jigsaw drill and cut the sink hole out of the dresser.
  4. Coat the dresser top with water-based polyurethane. You might need to apply four or five coats.
  5. When the top is dry, apply a bead of clear caulking around the rim of the opening. Set the sink on top and press down lightly.
  6. Use the jigsaw to cut a square out of the back of the dresser for plumbing.
  7. Secure the dresser to the wall.
  8. Attach the faucet and plumbing to the dresser. Make sure to remove the drawers so you can access the area better.
  9. Cut out indents in the drawers so the plumbing fits.

There’s no better time to get started on a DIY project. Even if you don’t have an old dresser just lying around, a quick stop at an antique store can get you started on this unique project.

Sources: Anoregoncottage.com, HGTV.com, Thisoldhouse.com

 

Q&A

Can You Qualify for a Mortgage Without Credit?

QUESTION: How do you qualify for a mortgage with no credit?

ANSWER: It is possible to obtain a mortgage if you have little or no credit, but you might need to look a little harder to find the right mortgage. Also, you might need to provide additional documentation to prove that you have a history of paying bills on time.

It’s important to remember that there’s a difference between having poor credit and having no credit. With poor credit, you’ve had a few bumps and may have a low credit score as a result. Although you might be able to qualify for a mortgage with a low score, you could end up paying a higher interest rate compared to someone with a higher score.

On the other hand, if you have no credit, that means you don’t have a history of dealing with credit accounts. As a result, it’s difficult for creditors to determine your risk since there’s nothing for them to gauge about loaning you money.

There are many options to obtain a mortgage without credit. Some mortgages have more lienint guidelines such as Government backed mortgages (FHA, VA or USDA). Other options include conventional mortgages through Freddie Mac or Fannie Mae. Each lender and loan program has its own requirements, but you usually need to make 12 months of on-time payments to two or three continuing obligations, such as utilities, insurance, and housing.

Just because you don’t have any credit, it doesn’t mean you won’t qualify for a mortgage. If you’re still unsure which way to go when it comes to finding a mortgage, reach out to your loan officer who can guide you.

Sources: Daveramsey.com, Nerdwallet.com


We are LIVE on YouTube every Wednesday at 5 PM. Watch us record our show! Ask us your questions right in the feed, we’ll read those and answer them for you. Make sure to subscribe to our channel and turn on your notifications to know when we get started.

Mortgage Mom Radio equips you with all of the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube! Mortgage Mom Radio

How do you schedule a phone appointment with mom? Call our office, 844-935-3634. Get your free consultation today! Do you want our phone app to have the tools you need at your fingertips? Click the link: PHONE APP

Debbie Marcoux is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926 | Heidi Slagle-Points CA NMLS ID 1666881

Mortgage Mom Radio airs weekly focusing on topics that will educate our listeners around mortgage lending. This week Debbie returns from her Mommy Makeover to peel back the curtain a little on the last couple weeks. She then continues on to inform everyone interested in a refinance that you have not missed your window, interest rates are still great for refinancing right now! Debbie and Heidi also go on to discuss loan options most people don’t consider and important things to know about filing taxes if you are near closing on a home.


A Look Into the Markets

“Can you take me High Enough?” by Damn Yankees

This past week we watched long-term rates, like mortgages, improve slightly despite a surprising comment from Treasury Secretary, Janey Yellen. Let’s break it all down and look at what’s on tap for next week.

“It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat” – Treasury Secretary, Janet Yellen

Janet Yellen was being interviewed on Zoom when she unleashed this seemingly innocent and likely honest comment. Well, it sent shockwaves across the stock market, pushing the NASDAQ down as much as 400 points on Tuesday alone.

Yellen was once the Fed Chair, and in that former role, it would be her duty to share comments on monetary policy. As Treasury Secretary, it is not her role to discuss rates. Especially, considering the active Fed Chair Jerome Powell saying over and over just days earlier at the Fed Meeting that “now is not the time” to raise rates.

There is big pressure on the Fed to help keep rates low. First and foremost are the upcoming “Plans” being debated in Washington D.C. The American Jobs Plan and American Family Plan are estimated to cost another $4 trillion, on top of the $1 trillion-plus still not spent from the American Rescue Plan. All this spending must be paid for by selling new bonds in the market. What we as a country can’t afford now is higher rates as the expense to service all this new debt will be an enormous burden.

Sell in May and Go Away

Stocks, especially the tech-laden NASDAQ, may have used Yellen’s comment as a reason to sell – but some of the downward pressure in stocks may be a seasonal phenomenon called “Sell in May and Go Away”. The idea is that stocks generally underperform during the summer months when many take vacations, thereby creating lower trading volume, larger price swings and more risk.

As you could imagine, the pain in stocks was a gain for bonds. The 10-year yield declined to 1.56%, down nicely from 1.75% from just a few weeks ago.

If the summer selloff in stocks continues, we may see further improvement in rates.

Opportunity knocks again

With the recent improvement in rates, many more people can still benefit from a refinance and it will certainly help drive the purchase market. However – any rate improvement could be short-lived – here’s three reasons why locking at today’s rates may make sense:

  1. Treasury Secretary Janey Yellen’s comments for higher rates, was honest. Lumber and other commodity prices are soaring – higher rates would cool that off.
  2. There is growing pressure on Fed Chair Powell to start “tapering” bond purchases. Again, in response to “frothy” assets like stocks and real estate.
  3. We are going to see higher inflation numbers over the next few weeks – what we don’t know is how high the numbers will be or how bonds will react. Bonds do not like inflation – it’s like kryptonite to Superman…a killer.

Bottom line: Rates have improved of late, but the good times may be relatively short-lived. Those thinking about locking in today’s rates should do so.

Looking Ahead

Next week we will get a reading on consumer inflation by way of the Consumer Price Index (CPI). It is forecast to come in above 3% year over year – mainly due to year over year increases in oil and commodities. This will be the first time in 50 years since headline year over year consumer inflation will be higher than 30-year mortgage rates.

Longer-term, this would be unsustainable as inflation can’t run above mortgage rates. Either inflation must decline or rates must move higher to compensate for higher inflation or a little bit of both.

The Fed is forecasting inflation to moderate later this year, that is why they say they are “not even thinking about, thinking about” raising rates or tapering bond purchases. We shall see if this comes to pass.


We are LIVE on YouTube every Wednesday at 5 PM. Watch us record our show! Ask us your questions right in the feed, we’ll read those and answer them for you. Make sure to subscribe to our channel and turn on your notifications to know when we get started.

Mortgage Mom Radio equips you with all of the mortgage education that you could ask for right at your fingertips! Listen to our Podcast with hours of shows and topics, download our PHONE APP loaded with every mortgage tool that you could need, and last but not least, watch our weekly Homebuyer Workshop Series on YouTube! Mortgage Mom Radio

How do you schedule a phone appointment with mom? Call our office, 844-935-3634. Get your free consultation today! Do you want our phone app to have the tools you need at your fingertips? Click the link: PHONE APP

Debbie Marcoux is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, IL-031.0058339, NV-57237, OR, TN-184373, TX, WA-MLO-237926 | Heidi Slagle-Points CA NMLS ID 1666881