The Federal Reserve
By Ryan Casey Stephens, FPQP®Special Contributor If we’re going to see a real estate recovery this year, we need to radically improve affordability. The good news is it’s only the second full week of the year, and things are already off to a solid start. Mortgage rates have fallen nearly half a percent since New…
Read MoreThe mood in Washington, D.C. these days is to unwind regulation. So I guess we should not be surprised that the Office of the Comptroller of the Currency recently said it is considering going commando, so to speak, on appraisals for residential real estate transactions under $400,000. The current rules in place now do not…
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There’s a lot of news for the market to digest, says our most-trusted mortgage expert, Bob Johnson (AKA BobMortgage), senior mortgage adviser at the nation’s oldest private lender, Wallick & Volk. Bonds fell through a key support level, and with news of President Trump’s decision to bomb Syria and the Fed’s watchdog-like concern regarding inflation,…
Read MoreJust to show you how crucial housing and home building remains to the nation’s economic recovery, Fed Chairman Ben Bernake rubbed shoulders (and used hand gestures) with Bob the Builders last week in Orlando. His talk was the hottest ticket in town at the 2012 National Association of Home Builders International Builders Show in Orlando. Dallas photographer…
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