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Mike Stott

Should We Fear the Surge in Cash-Out Refinances? Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

Should We Fear the Surge in Cash-Out Refinances?

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for…
Donna Stott
March 18, 2021
What Is the Strongest Tailwind to Today’s Recovering Economy? Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

What Is the Strongest Tailwind to Today’s Recovering Economy?

Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11, 2020, from the…
Donna Stott
March 16, 2021
“Just the Facts Ma’am” Home Prices: What Happened in 2020 and What Will Happen in 2021 Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

“Just the Facts Ma’am” Home Prices: What Happened in 2020 and What Will Happen in 2021

The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed…
Donna Stott
March 2, 2021
How Much Leverage Do Today’s House Sellers Have? Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

How Much Leverage Do Today’s House Sellers Have?

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the…
Donna Stott
February 24, 2021
The Reason Mortgage Rates Are Projected to Increase and What It Means for You Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s…
Donna Stott
February 23, 2021
“Just the facts Ma’am”: Home Mortgage Rates by the Decade Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

“Just the facts Ma’am”: Home Mortgage Rates by the Decade

Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. Locking in a low rate today could save you thousands of dollars over the lifetime of…
Donna Stott
February 19, 2021