Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
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
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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
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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
Mortgage rates moved higher again today on the eve of the July jobs report. The monthly jobs report from the Bureau of Labor Statistics (BLS) is always the biggest potential mover of mortgage rates. It carries the most weight because it can impact Fed decision making the most. While the...
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Published on: 2026-08-06
Source:
The Truth About Mortgage
Perhaps this is just a psychological loss, but mortgage rates are now higher than they were a year ago. If you look at rates last August, they were below current levels, per the daily rates tracked by Mortgage News Daily. At last glance, a 30-year fixed averaged 6.75%, while its...
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Published on: 2026-08-05
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
Was reading about how Chase plans to hire a staggering 850 new Home Lending Advisors when I stumbled upon their mortgage rates page. I check rates from big banks and lenders pretty frequently, but was surprised to see their latest offerings. Instead of displaying rates with a fraction of a...
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Published on: 2026-08-04
Source:
The Truth About Mortgage
At this point it seems abundantly clear. De-escalate and mortgage rates fall. Ratchet up the war talk and mortgage rates go up. The same seems to go for the wider stock market. Which begs the question, when do we just cut our losses and make a deal? Mortgage Rates Clearly...
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Published on: 2026-08-04
Source:
The Truth About Mortgage
Well, it looks like mortgage rates will continue to avoid the dreaded 7-handle. This time, thanks to a taco. Ultimately, the core driver of mortgage rates right now is the conflict with Iran. Any ratcheting up, and mortgage rates rise. Things cool, so do mortgage rates. So when there’s a...
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Published on: 2026-08-03
Source:
The Truth About Mortgage
It’s been another bad week for mortgage rates. No surprise here. They continue to face upward pressure thanks to a protracted war that shows no signs of abating. We were promised a swift resolution, and after an ill-fated peace deal, it now seems there’s no light at the end of...
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Published on: 2026-07-31
Source:
The Truth About Mortgage
As expected, the Fed left rates unchanged this week, though there was an outside chance they were going to raise 25 basis points. It turned out to be a holding steady situation as most envisioned, though three board members did dissent. That included Dallas Fed President Lorie Logan, Cleveland Fed...
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Published on: 2026-07-30
Source:
The Truth About Mortgage
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
There’s an argument floating around that if the Fed hikes rates, long-term rates will move lower. That includes things like 30-year fixed mortgage rates, which recently hit fresh 52-week highs. Basically, a Fed hike will send a signal to the bond market that new Fed chair Kevin Warsh is serious...
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Published on: 2026-07-28
Source:
The Truth About Mortgage
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
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
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
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
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