Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
I’ve noticed a trend lately where more mortgage lenders are offering so-called discounts. While it’s still not as common as what you see in other industries, it’s happening more frequently. For example, Chase has run numerous mortgage rate sales of late. And the nation’s top lender, UWM, constantly runs pricing...
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Published on: 2026-05-27
Source:
The Truth About Mortgage
Ilya Simkin is a licensed Mortgage Loan Originator and real estate professional with a strong background in sales, business development, and client relationship management. With years of experience working in competitive real estate markets, he brings a strategic and client-focused approach to helping borrowers achieve their homeownership and investment goals....
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Published on: 2026-05-26
Source:
Mortgage Depot
There’s been a lot of fear lately that mortgage rates could rise back above 7% or even higher this year. The driver being inflation related to $100+ oil, which increases the cost of just about everything. But the so-called “odds” are still pretty split with only a 50% chance they...
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Published on: 2026-05-25
Source:
The Truth About Mortgage
With mortgage rates on the rise again, it’s a logical question to ask: Will mortgage rates hit 7% again? It’d definitely be a gut-punch for prospective home buyers, though I don’t know if it would derail them entirely. Recently, I pushed back on this return to 7% narrative since some folks...
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Published on: 2026-05-22
Source:
The Truth About Mortgage
I wrote the other day that the best way to get lower mortgage rates again is a peace deal. It’s pretty straightforward. Mortgage rates are only up these past few months because of the conflict with Iran. If we didn’t have that, we could very well still be at those...
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Published on: 2026-05-21
Source:
The Truth About Mortgage
We knew Rocket Mortgage and Redfin were going to roll out deals once they teamed up. And because the collective brand operates both the financing and real estate brokerage piece, home buyers can snag some big savings if they use both companies simultaneously. They just announced a new joint offer...
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Published on: 2026-05-20
Source:
The Truth About Mortgage
It’s no secret mortgage rates are in a bad place right now. But instead of talking about that all day, let’s talk about how can they get better… Ultimately, the quickest path lower is a peace deal in the Middle East. Note that I said quickest, not easiest. It’s hard...
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Published on: 2026-05-20
Source:
The Truth About Mortgage
Student loan debt is one of the most common concerns we hear from borrowers. Each mortgage agency calculates student loan debt differently. Here’s what you need to know. Fannie Mae Student Loan Guidelines Under Fannie Mae, if a student loan payment is not reflected on the credit report or is...
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Published on: 2026-05-20
Source:
Mortgage Depot
It’s been a very bad month for mortgage rates, yet they remain below year-ago levels. And by some margin too. Had this been last year, we’d be staring at a 7-handle 30-year fixed. Instead, the 30-year fixed is hovering around 6.75%. Sure, it’s still not great news, but it tells...
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Published on: 2026-05-19
Source:
The Truth About Mortgage
Just days after mortgage rates hit fresh 52-week highs, bond yields also reached their highest point in over a year. The 10-year bond yield, which serves a bellwether for consumer mortgage rates, climbed above 4.60% late Sunday evening on renewed inflation concerns related to the ongoing conflict in the Middle...
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Published on: 2026-05-18
Source:
The Truth About Mortgage
Welp, I’ve been warning folks for a while now and here we are. New 2026 highs for the 30-year fixed. Sooner or later, the protracted Iranian conflict was going to catch up to us. You can’t have $100 a barrel oil and not expect inflation to rise, which translates to...
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Published on: 2026-05-15
Source:
The Truth About Mortgage
New Fed chair Kevin Warsh narrowly got confirmed via a 54-45 vote Wednesday, leading to what many hope will be lower mortgage rates, somehow, someway. He replaces vilified ex-chair Jerome Powell, who was repeatedly attacked by President Trump for not cutting rates more or nearly fast enough. During Powell’s reign,...
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Published on: 2026-05-14
Source:
The Truth About Mortgage
They say most home sellers are also home buyers. In other words, they aren’t just selling their property and disappearing into thin air. Nor are they typically renting either. Often, they are selling one home and purchasing a replacement. As such, there’s no inventory gain. There is no benefit to...
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Published on: 2026-05-13
Source:
The Truth About Mortgage
In today’s mortgage landscape, it’s easy to assume that Fannie Mae, Freddie Mac, and FHA all underwrite loans the same way. On the surface, their guidelines may look increasingly similar, but when you dig into the details, important differences still exist. These nuances can make or break an approval, especially for self-employed...
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Published on: 2026-05-13
Source:
Mortgage Depot
With fixed mortgage rates still quite high compared to recent years, and ARMs finally providing a decent discount, you might be starting to look beyond the 30-year fixed. The problem though is you’re probably still concerned that interest rates could skyrocket and that your ARM will adjust way higher in...
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Published on: 2026-05-12
Source:
The Truth About Mortgage
Needing funds to improve your home… but having little or no equity, our Home Improvement Loan program is your answer. Most home financing options, cash-out refinances, HELOCs, and second mortgages are all based on one key factor: equity. If you don’t have enough equity, you’re usually out of options. Our Home Improvement Loans are different. No LTV...
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Published on: 2026-05-05
Source:
Mortgage Depot
Alejandro Borrayo is a licensed Mortgage Loan Originator dedicated to helping clients navigate the home financing process with clarity and confidence. He specializes in a wide range of loan programs, including Conventional, FHA, VA, Non-QM, and DSCR, allowing him to tailor solutions that align with each borrower’s unique financial goals....
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Published on: 2026-05-04
Source:
Mortgage Depot
Donnie Powell is a seasoned Mortgage Loan Originator, bringing decades of high-level financial and market experience to every client relationship. With a background rooted in trading, capital markets, and institutional finance, Donnie has a deep understanding of how market conditions, pricing, and timing impact financial decisions—an advantage he now leverages...
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Published on: 2026-04-29
Source:
Mortgage Depot
Self-employed borrowers often adjust their business structure for tax planning, liability protection, or long-term growth. While these changes may make sense from a business perspective, they can create unexpected challenges during mortgage qualification, especially when trying to use one year of tax returns. A recent update from Freddie Mac directly...
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Published on: 2026-04-29
Source:
Mortgage Depot
As mortgage lending continues to evolve, appraisal options have become more flexible, helping streamline transactions without compromising accuracy. One option gaining traction is the Hybrid Appraisal. If you’re exploring financing options, it’s important to understand what a hybrid appraisal is, when it’s allowed, and how it works. What Is a...
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Published on: 2026-04-22
Source:
Mortgage Depot
STUDY SUMMARY Money is the number one issue married couples argue about. 86% of couples who got married in the last five years started out in debt. The higher a couple’s debt burden, the more likely they are to argue about money. Couples in healthy marriages are much more likely...
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Published on: 2026-04-17
Source:
Ramsey Solutions