Three Things to Know
By Ryan Casey Stephens, FPQP®Special Contributor Mortgage interest rates will trend in an upward or downward direction this year, but it will not be a straight line. It’s normal to expect stretches of higher and lower rates, regardless of the overall trend line. Experts believe we might be entering another slump where slightly higher interest…
Read MoreBy Ryan Casey Stephens, FPQP®Special Contributor I love spring weather, but likely not for the reasons that first come to mind. Bluebonnets and warm afternoons are great, don’t get me wrong, but it’s a mighty thunderstorm I love most. This time of year they result from cold air from the northwest clashing with warm air,…
Read MoreBy Ryan Casey Stephens, FPQP®Special Contributor I loved reading “Choose Your Adventure” books when I was a child. At the end of key sections, the book would prompt you to make a decision for the main character. You’d skip to the page noted by your decision (for example: If you choose to save the princess,…
Read MoreBy Ryan Casey Stephens, FPQP®Special Contributor The U.S. banking system faced total collapse this week, though we’ve staved off the worst danger for now. Since Friday we’ve seen two large banks fail and two more barely skirted going under. Silicon Valley Bank was the most notable and was the largest bank failure since 2008. More…
Read MoreBy Ryan Casey Stephens, FPQP®Special Contributor The absurdity of higher interest rates despite lower inflation continues this week. The 30 Year Fixed mortgage rate is 6.95 percent, at heights not seen since November when inflation was nearly two points higher, above 7 percent. Mortgage bonds, which largely determine rates, are on shaky footing. Some crucial…
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