John Lake's (johnlake2) Blog

That’s a good question. In the past 3 years rates have been between the high 6% to mid-7% range, so there is definitely an opportunity to make your home less expensive. But when? How do I maximize my savings? If I am going to pay for another closing (yes you are going to pay, whether it is rolled...

FRIDAY! What a day! What a speech by Jerome Powell! In case you missed it, it appears he’s laying the groundwork for a rate cut on September 17th. That had a positive effect on the Markets Friday. Equities and Mortgage-backed securities rose, and Bond yields fell.BUT WAIT!There are still importan...

Yesterday we asked the number #1 question in Real Estate and Mortgage lending, “What are interest rates going to do?” We mentioned that the only sure thing is the meeting will happen, and the Federal Reserve will let the world know at 2PM Wednesday September 17th.The Federal ReserveThere will be ...

That is the number 1 question I am asked, “What are interest rates going to do?” Isn’t that a wonderous question. If I only Knew! There are however some clues. So, let’s peal back the onion.The only sure thing is that the Meeting announcement is scheduled for September 17th at 2:00 PM. For the ne...