Coronavirus Induced Turbulence

Cartoon'ish image of people all over the world wearing face masks
What a difference a week makes! As COVID-19 cases in the US soar, interest rates and financial markets experience another turbulent week.

This Market is Unprecedented

Nothing about our financial markets last week was normal. From historically low mortgage interest rates to extreme stock market volatility, here's how it's all shaking out.

How Low Will Mortgage Interest Rates Go?

Globe in protective medical mask isolated on white background.
The mortgage world is all atwitter about current mortgage interest rates. They're low. Really low. Why? One word: Coronavirus. Are we in for a global economic meltdown?

What the heck is Government-Sponsored Enterprise (GSE) Reform?

Headquartered in Washington DC, Fannie Mae is the largest U.S. home funding company.
What the heck is a GSE and what does it have to do with your mortgage? Glad you asked. Here's the gist of it.

What's happening with interest rates?

Mortgage Interest Rates Decrease
Despite numerous ups and downs, mortgage interest rates have largely decreased in 2019. And I expect to continue seeing low mortgage interest rates through at least the second quarter of 2020

This is not a slowdown!

Tortoise Carrying the Hare
Last winter, many buyers believed a real estate slowdown was imminent. But the slowdown hasn't materialized and competition remains as fierce as ever!