Self-Employed Mortgage Access Act May Make Home Loans Easier for Business Owners in 2019

One of the most popular goals for any new year is to finally get into a new home. The best way to start is by figuring out what has prevented you from doing it so far. Obviously credit and job history are a major stumbling block for many, but there are plenty of people who […]

4 Things for Homebuyers to Be Thankful When Looking for Houses in 2019

  Reach Home Loans hopes that you and yours have a Happy Thanksgiving! Gathering with friends and family is always appreciated. We won’t pretend we aren’t also looking forward to the huge discounts that will be available throughout the weekend as part of the Black Friday and Cyber Monday retail “holidays,” however. The mortgage industry […]

Fed Hints At Rate Rises “Fairly Soon,” Mortgage Market Reacts

This week’s mortgage rates gravitated around the Federal Reserve…which seems like one of the more obvious sentences that we’ve ever typed. But what if we told you that rates also reacted to the state of the bond market? Yeah, still doesn’t seem like anything too dramatic, but don’t let the “normal” news mislead you: Rates […]

Peace of Mind as Rates Back Down to 3-Month Lows

Who knows what to believe anymore? This isn’t a comment on political opinions (you can go to other blogs for that). This is a comment on finance, and what-the-heck is going on with mortgage rates. Not that we—nor homebuyers—should be complaining. All indications seemed to suggest that things were only going to go up from […]

Nature of The Beast: Good Jobs Mean Worse Mortgage Rates

One of the hottest topics of any given election season is the unemployment rate and which candidate is going to do more to improve it. The logic typically flows that voters will opt for the politician who has more promise for lowering that rate. Of course, if those voters are in the market for a […]

Week Almost Guarantees Mortgage Rates Won’t Return to Former Lows

There’s no use trying to sugarcoat it this week: The trend is upward, not down. Predicting such things is usually a conservative game—don’t predict as much as report what’s already happened—but there doesn’t seem to be much chance of rates dipping below 4 percent again during 2017 (now, the reason why prognosticators take such a […]

2017’s Most Dramatic Mortgage Day Wasn’t That Exciting

You may have noticed during 2016—whether it comes to weather, sports, politics….anything, really—that the way you frame the news makes a huge difference in how others interpret it. The good news for you is that The Stephens-Brotsky Group doesn’t make money by creating click-bait headlines, so we’ll advise you in advance not to be worried […]

2 Weeks of Rate Decreases, FHA Mortgage Insurance Assistance…What’s The Catch?

It’s been awhile since we report good news and kept on feeling good about it for any extended period of time but lo, that’s what seems to be going on this week. For the second consecutive week, mortgage rates have dropped on the whole. “Consecutive” is the key word, because it marks the first time […]

New Year Starts Neutral, and That Suits Lenders Just Fine

Happy New Year, as this is the first time we’ve chimed in on the news for 2017. “Happy” New Year might be a bit of a stretch, but it certainly hasn’t been an unhappy first few days of market activity, and that’s a relief to many. After all, December saw dramatic shifts—based on Federal Reserve […]

Mortgage Rates Settle Down; Keep Eyes on New Year, 2017

Mortgage rates are at their lowest points in more than two weeks! That opening line might seem a little overexcited (note the exclamation point), but that’s the general mood of casual market followers in the wake of two consecutive days of drops. Granted, the average rates you’ll be seeing are still in the 4.25 to […]

A Hint of Hope After A Week of Rises; Just A Hint, However

If you were hoping for a Christmas miracle as we approach the end of 2016, we’re sorry: The real world doesn’t work that way. The best we can offer is a Christmas “slight move in the right direction.” But it could be much worse. Since we’ve last spoken, rates have only continued to heighten in […]

The Fed Finally Raises Rates, Still Catches Us Off Guard

It seems that no matter how much The Fed and news organizations talked up the event—for more than a year—the American financial markets were going to panic a little bit when Janet Yellen and friends finally hit the button and raised the Federal interest rate. Mortgage rates were one of many fields affected. They had […]