Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
Any hope of a trend reversal for mortgage rates seems to be DOA. A cooler-than-expected jobs report this morning could have taken the pressure off. But instead, it came in well above expectations, piling even more pain onto interest rates. It also increased the odds of a September Fed rate...
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Published on: 2026-09-04
Source:
The Truth About Mortgage
You’ve probably heard that mortgage rates hit a new 2026 high. That’s true. The 30-year fixed climbed to 6.89%, per the latest daily rate update from Mortgage News Daily. It is indeed the highest point of 2026, and the highest point in over 52 weeks as well. The last time...
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Published on: 2026-09-02
Source:
The Truth About Mortgage
Just days after the big Jackson Hole Fed event, mortgage rates are under pressure for other reasons. The reason? The ongoing conflict in the Middle East, which had been quiet for about a month until last night. The U.S. and Iran reportedly exchanged missiles for the first time since late...
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Published on: 2026-08-31
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The Truth About Mortgage
Mortgage Solutions Designed for Medical Professionals We work with many healthcare professionals who face a unique challenge when purchasing a home. Despite having strong income potential and stable careers, doctors, dentists, pharmacists, veterinarians, and other medical professionals often carry significant student loan debt. They may not have accumulated substantial savings...
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Published on: 2026-08-26
Source:
Mortgage Depot
While they aren’t at their absolute worst, mortgage rates remain very close to their one-year high. They’re about .125% below their 52-week highs, which were seen in late July before we got some favorable economic data. However, they remain stubbornly high with no real relief in sight. Let’s break down...
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Published on: 2026-08-25
Source:
The Truth About Mortgage
A lot of the recent uptick in mortgage rates has been attributed to the ongoing war with Iran. But there is perhaps another, lesser known reason mortgage rates have pushed back into the high 6s. And it’s all the artificial intelligence (AI) spending, which has arguably crowded out other investments,...
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Published on: 2026-08-24
Source:
The Truth About Mortgage
Dillon John brings a strong background in the mortgage industry, financial markets, and mortgage-related technology to his role as a Mortgage Loan Originator. His experience includes working extensively with mortgage-backed securities and analyzing complex financial markets, giving him a deep understanding of the mortgage industry and the factors that impact...
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Published on: 2026-08-24
Source:
Mortgage Depot
Accessory Dwelling Units (ADUs) have become one of the most sought-after features of property. Whether it’s a detached guest house, a converted garage, a basement apartment, or another legally permitted living space, ADUs allow homeowners to generate rental income while increasing the overall value. Now, borrowers have even more reason...
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Published on: 2026-08-20
Source:
Mortgage Depot
The best way to sum up mortgage rates right now is any “good news” is simply stopping the bleeding. You’re not seeing sizable drops when positive stuff happens. And we’ve had a few decent things happen lately. All you’re really seeing is rates managing not to get much worse than...
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Published on: 2026-08-20
Source:
The Truth About Mortgage
Just as it appeared there was no relief in sight for mortgage rates, the Treasury Department stepped in. No, this isn’t QE all over again, and mortgage rates aren’t headed back to the 3s. Wishful thinking. But it is a way to boost liquidity in the bond market, which should...
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Published on: 2026-08-19
Source:
The Truth About Mortgage
It seems mortgage rates can’t catch a break lately. So maybe we need a Plan B. Or rather, a Plan C! Have you ever heard of Inverse Cramer? Whenever Jim Cramer says something, the opposite tends to happen. It’s a powerful market signal. And he just said bonds keep dropping...
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Published on: 2026-08-18
Source:
The Truth About Mortgage
It feels like nothing will really help mortgage rates move lower at the moment. Sure, they came down a handful of basis points from a week ago, but the movement was pretty negligible. The 30-year fixed hit a fresh 52-week high in late July, at around 6.875%, but remains around...
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Published on: 2026-08-17
Source:
The Truth About Mortgage
An in-line CPI report released this morning means mortgage rates should continue to avoid going much higher. At the same time, they seem to be enjoying little relief when the good news does arrive. Which kind of speaks to them being further entrenched at these levels, and also in need...
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Published on: 2026-08-12
Source:
The Truth About Mortgage
MortgageDepot has been named to the 2026 Inc. 5000, the annual ranking of America’s fastest-growing private companies. This year’s recognition marks the company’s sixth appearance on the list. Published annually by Inc. magazine, the Inc. 5000 ranks privately held companies based on three years of revenue growth. Since its inception...
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Published on: 2026-08-11
Source:
Mortgage Depot
Mortgage rate Q&A: “Can you get a 4% mortgage rate?” This seems to come up a lot now that mortgage rates are no longer on sale. Prospective home buyers want to know if you can still get a super-low mortgage rate. Maybe not a 2-3% rate, but something in between,...
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Published on: 2026-08-10
Source:
The Truth About Mortgage
The July jobs report just came out and it was very ugly. So ugly that the number of jobs created was negative instead of positive. While that doesn’t bode well for the economy, it’s certainly a tailwind for mortgage rates. It takes pressure off the Fed to hike in September,...
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Published on: 2026-08-07
Source:
The Truth About Mortgage
Our specialty is offering Home Equity Lines of Credit (HELOCs) for all types of borrowers: self-employed, unemployed, retired, investors, and any property owner who cannot go the conventional route. HELOCs Core Structure: 2, 3, or 5-year draw periods Interest-only payments for the first 10 years 20- or 30-year total loan terms Alt...
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Published on: 2026-08-05
Source:
Mortgage Depot
High-net-worth, self-employed borrowers often have difficulty obtaining mortgage financing. Being self-employed has its advantages and disadvantages. In this case, our self-employed borrowers have difficulty obtaining conventional financing, which carries cheaper rates. Still, our non-QM loan programs help these types of borrowers get the financing they need. It might be a quarter higher...
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Published on: 2026-07-29
Source:
Mortgage Depot
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
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