Greg Englesbe

Fed’s latest rate hike puts more home buyers on shaky ground

The Federal Reserve last week logged its biggest increase in the nation’s benchmark interest rate since 1994, bumping it 75 basis points to a range of 1.5%-1.75% to combat inflation. A housing market that had been on fire during 2020-2021 now looks significantly different — and more daunting — to prospective home buyers on the […]

Greg Englesbe Mortgage News

U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say

Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had countless ripple effects across different industries and walks of life. In the housing market, the most obvious headlines of the pandemic have been the soaring sale prices, bitter competition, vacation home boom and limited inventory […]

Home Market

How will the Fed’s rate cut impact the U.S. housing market amid the coronavirus outbreak?

The unprecedented scope of the global coronavirus pandemic, hammering markets worldwide, has left U.S. policymakers with little choice but to take extreme precautionary measures. The Federal Reserve announced Sunday it would slash interest rates to zero, the Washington Post reported. This is the central bank’s most aggressive action since the 2008 financial crisis. There will […]

Unconventional mortgages are returning, but is it a problem?

During the 2008 economic recession and afterwards, “subprime” became a buzzword in general discussions about what led to the housing market crash. That was for good reason. In 2004-2006, the years leading up to the crash saw as many as 20% percent of mortgages national were subprime. Most of them were adjustable rate mortgages from […]