Mortgage News
Mortgage interest rates are top of mind in 2023’s real estate market no matter your role, but it’s particularly relevant for buyers. An interesting option for both buyers and sellers (and their Realtors) to be aware of is the assumable mortgage. If you’ve been around the real estate business for a while, you’re probably aware…
Read MoreLast Friday, the world gasped as one of the tech industry’s most prominent banking institutions, Silicon Valley Bank (SVB), collapsed under $175 billion in uninsured deposits. This monumental financial failure has only been surpassed in scope by the folding of Washington Mutual, which swiftly led to the financial crisis of 2008. And while we recently…
Read MoreIn the 29th episode of the BobMortgage Zone, Bob Johnson (AKA BobMortgage) gets down to the nitty gritty of that initial pre-qualification discussion. As Bob tells a client who hasn’t purchased a home in a while, the pre-qualification conversation isn’t anything you should be anxious about. Instead, it covers some important information that can help…
Read MoreIt’s a big week for market watchers, says Bob Johnson (AKA BobMortgage), senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk, in the 74th episode of the Mortgage Report. According to our most-trusted mortgage expert, it’s take-it-to-the-bank certain that the Federal Reserve will raise the Fed Funds rate this week. However, don’t…
Read MoreNews reports that came in over last week had drastic affects on the mortgage market, says Bob Johnson (AKA BobMortgage) in this week’s Mortgage Report. If you follow BobMortgage on Instagram, you could have caught his conversion from a “float” position to a “lock” position as the bond market took a spectacular dive. This morning,…
Read More