This Week on Fed Watch
This week we were on Fed Watch. The Federal Reserve Board met and decided not raise the fed funds rate. A relief to some, a disappointment to others. Some are concerned that if they wait too long, the inflation will have kicked in and then we are chasing it instead or...
Refinancing Enabled This Woman to Pay Off Debt
She was crying and hugging me when she left… a client signed loan docs today to finish up her refinance, something she never thought would happen. She still had 5.5% from a mortgage from 6 years ago. She also had $50,000 in debt, and her yearly salary is the same,...
Is Section 8 Bad?
This week’s myth buster is for my soon to be and experienced investors. I often hear: “Section 8 is bad”. I would like to make the case that this is FALSE. Many landlords shy away from having section 8 tenants. They think they are poor people with too many people in...
Jobs, Relief, and Good News for Rates
This week we got a little relief from the increasing rates of last week. We started the week with a scare, and then saw the balloon deflate. Why? On Monday, we got the April Institute of Supply Management’s index number falling to 50.8% from 51.8%, a 1% drop, and...