Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
There are alarm bells ringing that mortgage rates are going back to 7%. I’m seeing articles, I’m hearing from housing doomers. Everyone seems to think mortgage rates are going much, much higher. But then you look at a prediction market website, and the odds of a rate even above 6.9%...
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Published on: 2026-07-24
Source:
The Truth About Mortgage
It only seemed like a matter of time and that time is apparently now. The 30-year fixed reached a fresh 52-week high today, rising to 6.85% from 6.77% yesterday. That’s the highest rate since last July and another blow to prospective home buyers struggling with affordability woes. And it could...
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Published on: 2026-07-23
Source:
The Truth About Mortgage
For years, many homebuyers believed that purchasing a multi-family property with a low down payment was only possible through an FHA loan. Conventional financing typically requires much larger down payments for duplexes, triplexes, and four-unit properties, making it difficult for many borrowers to enter the market. That has changed in a...
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Published on: 2026-07-22
Source:
Mortgage Depot
Bart Olszewski is a licensed Mortgage Loan Originator dedicated to helping homebuyers and homeowners navigate the financing process with confidence. Backed by more than two decades of success as one of Queens’ top real estate professionals, Bart offers clients a unique perspective that extends far beyond the mortgage itself. His...
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Published on: 2026-07-21
Source:
Mortgage Depot
It’s a very light week of data with only weekly initial jobless claims on Thursday and flash U.S. services PMI on Friday. The dearth of reporting means the focus will be on the ongoing conflict in the Middle East, which has ratcheted up lately. The U.S. just completed a ninth...
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Published on: 2026-07-20
Source:
The Truth About Mortgage
It was a good week for mortgage rates thanks to tame inflation data. I use the phrase “good” loosely because mortgage rates didn’t really come down during the week. However, they didn’t move much higher either, so we can call it a win for now. We got a lot of...
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Published on: 2026-07-16
Source:
The Truth About Mortgage
We work with many homeowners and real estate investors who acquire properties through inheritance, divorce settlements, legal separations, or dissolution of domestic partnerships. One important guideline many borrowers and even some mortgage professionals overlook is this: There Is No Seasoning Requirement on Legally Awarded Properties When a borrower legally receives ownership...
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Published on: 2026-07-15
Source:
Mortgage Depot
Just as mortgage rates threatened to reach their highest point since the Iranian conflict began, they were granted a reprieve. This time, it was a cooler-than-expected CPI report that saved the day. Prices actually fell 0.4% month-to-month in June, which was the best reading since April 2020. While it was...
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Published on: 2026-07-14
Source:
The Truth About Mortgage
After a series of strikes and escalations in the Middle East, it appears mortgage rates might soon match the highs seen since the war began. The highest point for the 30-year fixed since the Iranian conflict got underway was 6.75% back on May 19th, per Mortgage News Daily. Since that...
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Published on: 2026-07-13
Source:
The Truth About Mortgage
It’s been a rough week for mortgage rates, which are reeling thanks to new aggressions in the Middle East. The ceasefire that began on June 17th is apparently no more, with major strikes exchanged between the U.S. and Iran over the past couple days. That’s putting renewed pressure on oil...
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Published on: 2026-07-09
Source:
The Truth About Mortgage
Welp, I’ve been saying the conflict in the Middle East could have another twist in the tale. And here we are, with a fragile ceasefire effectively broken and a possible ratcheting up in tensions. In the meantime, oil prices are back on the rise and mortgage rates are climbing too....
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Published on: 2026-07-08
Source:
The Truth About Mortgage
For many self-employed borrowers, one of the biggest frustrations with conventional mortgage lending is the strict “two-year self-employment rule.” A borrower can have excellent income, strong credit, substantial assets, and years of experience in their profession, yet still be declined simply because their business has not been officially operating for...
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Published on: 2026-07-08
Source:
Mortgage Depot
There isn’t much on the economic calendar this week, meaning mortgage rates will likely print flat. This differs from last week, when we managed to pack a ton of labor data into a holiday-shortened week. The good news (for mortgage rates) is the labor market showed signs of weakness, though...
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Published on: 2026-07-06
Source:
The Truth About Mortgage
I said it was going to be a big week for mortgage rates and it didn’t disappoint. But oddly, mortgage rates shot up for a reason unrelated to jobs data. It was words from new Fed chair Kevin Warsh that caused rates to jump yesterday. Today, they will likely ease...
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Published on: 2026-07-02
Source:
The Truth About Mortgage
Be careful what you wish for when you nominate someone to accomplish a specific task. It’s no secret that President Donald Trump selected Kevin Warsh as Fed chair to cut rates, something he hoped would lead to lower mortgage rates as well. But thus far, Kevin Warsh has done more...
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Published on: 2026-07-01
Source:
The Truth About Mortgage
Real estate investors often choose to purchase and hold rental properties through a Limited Liability Company (LLC) for liability protection, partnership structures, and easier management of multiple investment assets. However, conventional mortgage programs can make it difficult for LLCs with several members to qualify for financing. Our DSCR (Debt Service Coverage Ratio)...
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Published on: 2026-07-01
Source:
Mortgage Depot
Looking for mortgage rate relief? It could come without any further improvement in bond yields. Instead, Basel re-proposal, which boils down to improved bank capital requirements, could push rates lower as banks increase their appetite for mortgages. But not all borrowers would benefit equally. Those who could muster large down...
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Published on: 2026-06-30
Source:
The Truth About Mortgage
Wedding Gifts May Be Considered Acceptable Mortgage Funds Many borrowers receive substantial monetary gifts from family and friends during wedding celebrations. One common concern borrowers have is whether those large deposits can be used toward a mortgage transaction. The good news is that in many cases, funds received as wedding...
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Published on: 2026-06-24
Source:
Mortgage Depot
Marina Tsydendambaeva is a dedicated Mortgage Loan Originator who is passionate about helping individuals and families navigate the home financing process with confidence. She believes that every client deserves personalized guidance, clear communication, and a mortgage solution that aligns with their unique financial goals. Drawing from her background in real...
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Published on: 2026-06-18
Source:
Mortgage Depot
Unfortunately, many conventional mortgage programs leave borrowers behind after a bankruptcy, foreclosure, or major credit event. Conventional lenders often require lengthy waiting periods that can prevent borrowers from purchasing or refinancing when they are financially ready to proceed. We offer Non-QM Second Chance financing solutions for borrowers who need another...
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Published on: 2026-06-17
Source:
Mortgage Depot
For self-employed borrowers, access to business funds can be a valuable resource when purchasing or refinancing a home. These funds are often used for down payments, closing costs, or reserve requirements. However, conventional mortgage guidelines require lenders to carefully evaluate whether withdrawing funds from a business could negatively impact its...
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Published on: 2026-06-03
Source:
Mortgage Depot