I’m going to go out on a limb and say that Thursday’s news will have much more impact on the mortgage market than the Fed Announcement today (Wednesday).  
 
 
Here’s why: 

There are 6, yes SIX reports coming out on Thursday.
The Fed discusses lagging indicators in their meetings (old reports, old information).
Mortgage rates aren’t based on the fed […]

Released at 2:15pm ET, the Federal Reserve announced their next move.  They’ve decided (in a 8-2 vote) that they are cutting the fed funds rate by .25%.  This brings the fed funds rate to 2%.   This also brings the prime rate down to 5%.  They also decided to lower the discount rate another .25%.  Cheap […]

 
It’s important to recognize that advice is extremely valuable when looking for a mortgage.  The right advice can literally save you thousands of dollars, while the wrong advice can cost you the same.  I’m talking on this subject because too often when we’re asking the wrong questions when shopping around.
The first thing you’ve got to […]

Announced yesterday, Regency Homes (Iowa’s largest home builder) has lost it’s funding through Wells Fargo and has decided to hault all of it’s new construction projects. 
This decision leaves behind 300 houses that lenders will have to finish or sell as is.
Friday afternoon, Jamie Myers (president of Regency) told 103 employees they were out of work.   […]

As you’ve probably noticed, WealthWithMortgage is currently under a redesign.  As you may know, I’m a full time Mortgage Planner here in Des Moines.  Obviously a redesign is a long process (always longer than you plan for)… so I apologize for any issues you’ve had looking at the site.
I’ve (obviously) had some issues with pictures from previous […]

Face it, these days money is cheap!  On Wealth With Mortgage, I spend a lot of time talking about what mortgage rates are doing.  Too often other large pieces to the financial puzzle are overlooked.  Recently, I came across an excellent article in the Wall Street Journal.  The article was discussing the tightening of student loans […]

It’s important to dream big.  It’s also important to take action.  These reason (and much more) are why a super cool group of people in Iowa have decided to have an event to specifically accomplish these things! …and guess what?  You’re invited!
The event is called ‘The Big Dream Gathering’.  I’ve already had the opportunity to […]

 
As I’ve said before, there are tons of opportunities right now in the market for property investors.  After having the same conversation with numerous clients, Four Legacies Mortgage has decided to take the next step in making property investing an easier process.
The conversation I’m talking about is ‘Where can I find these deals?’.  Well, […]

Numbers are always extremely important to consider when buying, selling and financing a home.  Each week, I receive a weekly market watch update providing the breakdown of the activity from last week.  The report is provided by Heather Barglof at Peoples Company. As I continue to get them, I will continue to post them (with […]

I’ve always felt awkward defining this myself.  That is why I’m happy to say, I found a great article on this subject!  Recently on Inman Blog, Jack Guttentag (a great resource in my opinion) wrote about the differences between good and bad brokers.
Some key takeaways:

Good brokers are like financial planners. Mortgages should fit properly into […]