How the GOP Tax Bill Affects You (If You Own Real Estate)

12/23/2017 | Casey Fleming | Now that the ink is drying on the 2017 Tax Reform Act, you may be wondering if the GOP tax bill is going to affect you.  The answer is yes.  Since I write about real estate, and real estate financing in particular, I will cover aspects of the 2017 Tax...

Interest Rate Slide Continues

9/1/2017 | Casey Fleming  |  The last week of August brought us a continuation of the interest rate slide we’ve enjoyed this month, albeit with very small movement.  Last week I mentioned that this would be a busy week for economic reports.  The reports were mixed, as usual (see below) but a number of important...

Interest Rates Settle Down in August

I’ve written many times that interest rates jump up and settle down.  What I mean by that is that when news spooks the market investors and lenders immediately seek a higher yield to compensate for a sharp increase in perceived risk.  But when markets stabilize, competition invariably pushes interest rates down. August has given us...

How Supply and Demand Affects Real Estate

7/13/2017 | Casey Fleming | For as long as I’ve been in the real estate finance industry (and that’s a long time) friends and family have asked me about real estate values – Are they going up?  Are they going down?  Are we nearing the peak?  Are we close to the bottom?  Over time the...

Mortgage Rates Rise Before the Thunder Moon

7/8/2017 | Casey Fleming  Last week I predicted that rates would remain generally stable for the rest of the week, barring unexpected news.  Well, we had some unexpected news leading into the week of the Thunder Moon. The Thunder Moon is the full moon in July when thunderstorms are common in the United States.  It...

Mortgage Rates Rise for the 4th of July

7/3/2016 | Casey Fleming  Last week I wrote that due to the holiday this week it would be likely that rates would begin to rise by Friday.  As it turns out, Thursday was the big day.  Underlying interest rates edged up ever so slightly Tuesday and Wednesday, and then moved more noticeably on Thursday.  Mortgage...

After the Feds: Mortgage Rates Want to Go Down

6/23/2017 | Casey Fleming The dust has settled, so we have been looking for clues as to what investors think about the Fed’s move, and how that will affect mortgage rates.  What we can conclude is that either the move was a yawner (we knew that the Fed move was expected) or that investors simply...

Interest Rates at 2017 Lows

6/5/2017 | Casey Fleming In April I wrote that interest rates had slid down to their lowest point in 2017. After a short, small, steady move up they have slowly settled back down to April levels. What’s happening? What drives interest rates? As a reminder, long-term trends in interest rates tend to move according to...

Listing of the week – a man’s home is his castle

4/5/2017 | Casey Fleming Each week I try to look for something unique in a property. This week’s listing of the week was a no-brainer.  How would you like to own your own English countryside castle?  And for less than $1 million? Our listing of the week. Molly’s Lodge is situated on the northern edge...

Lower Mortgage Rates Last Week

4/2/2017 | Casey Fleming Last week I wrote that due to a thin week of economic reports there was not much likely to happen the week of March 27th to drive mortgage rates one way or another.  I also noted that this coming week (April 3rd) there were more economic reports on tap, and some...