Don Hogan Mortgage Banker

04/15/2022

Still not the same kind of market as 2008 and rates are still historically low. If you're thinking of buying, it looks like sellers are starting to be more flexible in the last few years.

There's evidence that the economic shock caused by spiking mortgage rates is beginning to take some steam out of the housing market.

03/21/2022

April 1 marks the start of the new Fannie Mae and Freddie Mac pricing for 2nd homes. Unless you're putting over 30% down, you will have the same pricing as an investment property which on a $400,000 loan at 20% down will cost you $13,500. Part of the reason for this is that so many people are buying homes which they say are 2nd homes, are actually using them as short term rentals like AirBnB and VRBO.
I have a unique in-house loan program which will avoid those fees and can allow you to pay the loan off in 10-15 years.
Call or message me to discuss this option!

01/14/2020

The December Consumer Price Index (CPI) YOY headline reading matched market expectations with a...

01/13/2020

New home sales numbers are coming out as we begin 2020, and they’re encouraging ones...

01/13/2020

Three Things: These are the three areas that can move rates this week 1)...

01/10/2020

Although the ancient Romans were not the first to create concrete, around 600 BC, they were first...

01/10/2020

Dec employment data this morning; non-farm jobs +139K (158K expected),...

01/09/2020

Now that evacuations (due to floods, fires, or hurricanes) are happening more than ever before...

01/09/2020

Initial weekly jobless claims were lower than expected (214K vs. est. of 220K). The more...

01/08/2020

It has now been 100 years since the start of the Roaring '20s when flappers danced...