Mike Walsh, Mortgage Solutions, NMLS 290395

Housing market still has a supply deficit. Interesting insights in this article. #mortgage #homeloan

2005 market peak has been surpassed, thanks in large part to low rates. #mortgage

Are we in a housing bubble? Here is an interesting read. Might be a good time to take cashout of current residence if there is a correction. #mortgage #refinance #homeloan

Higher loan limits for 2021 #mortgage #homeloan

Values are up. A cash out refinance might be a good idea. Use proceeds to buy another property, pay of credit cards or pay for college. #refinance #mortgage #homeloan

Housing market strong. #mortgage #refinance

How low can they go? Call today to see how much you can save! 858 848 0048 #mortgage #refinance #homeloan

All time low in rates, how much can you save? Call now 858-848-0048 #mortgage #homeloan #refinance

For those that paid the ultimate sacrifice for our freedoms. Thank you. #neverforget

The housing market remains strong despite the Covid pandemic. #refinance #mortgage

My last client saved $492 a month refinancing out of their FHA loan. How much will you save???My last client saved $492 a month refinancing out of their FHA loan. How much will you save???

Nice to have repeat customers! If you have any questions or concerns about your current mortgage. Call me directly at 858-864-8924 #mortgage #refinance #homeloan

Will 30% of mortgages default? Cashout refinance could help you weather the storm. #refinance # mortgage #cashoutrefi

If you have been laid off, it is possible to skip a mortgage payment. #mortgage

Understanding Fed Funds vs. 30 yr Mortgage The Fed funds rate doesn't directly affect any mortgage rates apart from home equity credit lines. While it often moves in the same direction as the traditional 30yr fixed mortgage rate in the long run, there are months and even years of time when they seemingly have nothing to do with each other. This makes sense for a few key reasons. The Fed Funds Rate is a different animal than the mortgage rate. It applies to loans with a term... of up to 1 day. That's a far cry from the average mortgage, and investors approach those loans with completely different sets of priorities. That's why we sometimes see longer and shorter term rates move in OPPOSITE directions (which accounts for the "inverted yield curve" phenomenon that made news in 2019 when 10yr Treasury yields were lower than all of the short-term rates under 2 years, including Fed Funds). But even if long and short term rates always moved in the same direction, there's a more important reason that mortgage rates might not follow the Fed. The bonds that dictate mortgage rates trade thousands of times a day. Mortgage lenders themselves update their rates at least once a day. In contrast, the Fed only meets to consider changing its rate 8 times a year, barring emergencies (like today). This means mortgage rates can and do move well in advance of Fed rate changes. Indeed, the behavior of longer-term rates like mortgages can often predict the market conditions that prompt the Fed to make a move. Bottom line: the bond market (which includes mortgages rates) has been able to react to coronavirus implications for weeks, and the fed is just getting caught up to market realities. They're a battleship in a river, and that river has been swift. #mortgage #30yrfixed #refinance

Emergency rate cut! Mortgages should move down again! #mortgage #refinance

How low can they go? DM me to see how much you can save. #refinance #mortgage #homeloan #30yearfixed