Mortgage interest rates are edging up this week, despite inflation continuing to ease. This is just a reminder that inflation isn’t the only factor influencing mortgage interest rates, just the most significant. Deeper dive: Why Inflation Matters Interest Rates Also React to Politics Institutional investors lend large amounts of money out by buying securities backed...
Forced-Placed Insurance: Avoid It at All Costs
If you’re a homeowner, there’s a good chance you’ve never heard of forced-placed insurance. But what you don’t know could hurt you. What is forced-place insurance, exactly? And how can it hurt you? Let’s take a closer look. Introduction to Forced-Placed Insurance When it comes to homeownership, insurance is a must. It protects you from...
Houseboats: An Ideal On-the_Water Home
Let’s do something a little different today just for fun. Occasionally I run across articles on unique homes for sale across the country. I confess, I can’t help but open them. Even worse, I open them just so I can look at the pictures. I don’t even read the articles. Since I’m a sailor, I...
Real Estate Crash – The Inflection Point
Back in May I made some bold predictions about the market this summer. We are now at an inflection point where we will see how close I was to the eventual reality. What do I mean by inflection point? The market could move one way or the other from here. Will real estate crash? Let’s...
Bold Prediction: Will the Real Estate Market Crash?
Everyone wants to know: will the real estate market crash? I’ve had this discussion many times lately, and opinions differ. With no more expertise than any other armchair economist, here my bold predictions for the rest of 2022. The Important Data Points Listings are increasing in most areas. This is normal this time of year. ...
How to Skip Mortgage Payments
3/23/2020 | Casey Fleming | There’s little question that we are already in a recession. Perhaps you have been affected personally. If so, you may wonder how to skip mortgage payments. During the Great Recession people lost their homes because they could no longer afford to make their mortgage payments. The resulting foreclosures exacerbated the downturn...