Category Archives: Mortgage

History of Mortgage Interest Rates & Why We Shouldn’t Worry

History of Mortgage Interest Rates & Why We Shouldn’t Worry As I write this in March 2018, interest rates are rising and may hit the 5 percent* mark this year. This trend is not slowing down and the days of 3 percent mortgage rates, which we have enjoyed since 2012, are likely gone for a very long time. When examining historical interest rates, the 5 to 6 percent range is actually a good deal! Starting back in the early 1970’s, … Read more

Five Mistakes to Avoid When Purchasing Your New Home.

You may be ready to take the next step in your life and purchase your first home. You may even be ready to move on to a newer home. No matter the case, there are several things that you must do before you move into that beautiful new home. Things like finding a realtor, finding the home, securing financing, saving for a down payment, and many others. With all of those variables, there are some roadblocks and potential mistakes to … Read more

What Impact Do Higher Mortgage Rates Have On Housing Prices?

Mortgage interest rates have risen by nearly one half percent thus far in 2018, most projections are for a five percent 30 year fixed rate by the end of the year and I personally would not be surprised to see it above that. WHY are rates moving higher after 30 years of lower and lower interest rates? As I have written about before, higher mortgage rates are a near certainty due to the fact inflation is ticking up faster than … Read more

Analysis of a Flawless Home Purchase

  Josh Mettle:                       Hi friends, my name is Josh Mettle with Fairway Independent Mortgage and I’m here with Sam Robinson. Sam, thanks for hanging out with me today. Sam Robinson:                  Happy to be here. Josh Mettle:                       And Sam just went through one of the most flawless home purchase transactions that I have ever seen. It literally could not have gone any better, in my opinion. It was much smoother than my first home purchase. And I thought, you know, maybe … Read more

Are Real Estate Prices “Crazy”?

Are you surprised by what it costs to buy a nice home nowadays?  With interest rates still relatively low and the economy nearing full throttle, prices of virtually every asset around the world have gone up. How can you tell if we have entered a bubble and if the houses you are looking at are crazily priced? There are actually several reliable indicators you can apply to give you some context and help you understand if property values have gotten … Read more


We have just hit the worst levels we have seen since January 2014 in the mid to high 4% ranges (depending on credit scores). Let’s dive in and try to figure out what is going on. Before we go into where we are today, I want to take a little bit longer perspective on the history of mortgage interest rates because we have really been spoiled over the last 10 years with 30 year fixed rates below 5%. The chart … Read more

How To Use Bitcoin for Mortgage Down Payment

How To Use Bitcoin for Mortgage Down Payment Hi friends. My name is Josh Mettle with Fairway Independent Mortgage. And today we’re gonna answer the question I’ve been getting about cryptocurrencies and bit-coining. Can this be used, can these funds be used in a mortgage transaction for down payment to closing costs? Now the reality is, with most mortgage lenders across the country, you can’t directly use the cryptocurrency as a down payment. What you’re gonna need to do is … Read more

First Time Homebuyer Programs

  Let me guess, you’re reading this because you are intrigued by the idea of purchasing a home. However, you’re not sure exactly where to start. Don’t worry; you’re not alone, as many first-time homebuyers are intimidated by the process. After all, there are two things not taught in grade school: how to file taxes and how to buy a house. Therefore, it’s natural for us millennials to jump online to try and find out as much information as possible. … Read more

Fundamentals Accelerating Home Values In 2018

Many of our clients are asking where home values are likely to go from here.   Is the real estate market ready to take a breather, or worse, are we entering another bubble? With home prices nationally above or near all time highs, it’s rational to exercise caution and pause before making a decision to enter the housing market; or making the decision to sell and move up to your dream home.  Before we prognosticate the future, let’s take a look … Read more

Tax Reform and its Potential Impact on Housing

Disclaimer: This guide is not meant to be a resource for tax advice but instead a resource for basic information concerning only certain aspects of the new tax code and how they may impact the real estate market. You should get tax advice from your accountant or tax preparer who will explain how the entire tax code will affect your personal return. This information comes immediately after the new tax code became law. Some of the information may be revised … Read more

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