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2019
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President Trump has been very clear on his new intentions: He wants the Fed rates to go down, even below zero. He has attacked chairman Jerome Powell without mercy, going really far and even calling him “gutless” and “without vision”. This is the second time that the Fed decides to drop its rat...
09/27/2019
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This month, we arrived to really solid ground, regarding mortgages at least. Refinancing opportunities for people who originated their mortgage in 2018 are looking good. A vast quantity of last year’s mortgages are currently carrying rates 0.75% higher than today’s average rate, which is now at 3...
09/20/2019
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Some presidential hopefuls want to eliminate student loan debt. Snapping their fingers over more than 1.6 trillion dollars, forgiving the complete debt. This wouldn’t be a similar situation to bankruptcy, where you have to qualify and show that there's a reason you can't afford to pay the debt. S...
09/17/2019
It’s been a while since President Trump declared his interest (some might say forced) in directly influencing the Fed, declaring a serious distrust on its management and on its chairman, Jerome H. Powell. The President wants Powell to reduce interest points by at least 100 basis points, pushing d...
09/16/2019
Rainmaker
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Phil Stevenson, CRMP
"Mortgage Nerd" in Miami, Florida and Texas