This is an excellent question. I’ll answer it in detail, but fair warning: the answer is somewhat technical.
This is a recurring question I’ve answered multiple times, but I think it is important enough to take one more swing at it. [continue reading…]
On Sunday, March 16, Fed Chair Jerome Powell announced a second “emergency” rate cut, three days ahead of the scheduled meeting of the Fed Open Market Committee. [continue reading…]
This is a good—and frequently asked—question.
To understand what’s going on now, you have to know at least the fundamentals of how the mortgage industry operates. [continue reading…]