The Truth About Mortgage

It’s time for some more mortgage Q&A: “Can you have two mortgages at the same time?” This question came up recently and despite all the content on my site, it’s something I’ve never explicitly addressed. So let’s talk about it! In short, yes, you can two mortgages at the same time, or even three depending… 

I keep warning folks that mortgage rates are going higher, possibly back to the 7% range. And the main reason is because the war in the Middle East is dragging out longer than anticipated. That could lead to even higher oil prices, which already spiked gas prices and are now affecting input costs on virtually… 

This might be one of the strangest things I’ve ever heard come out of the mortgage industry. And the mortgage industry is no stranger to strange things. Chicago-based Rate (formerly known as Guaranteed Rate) has launched RateFit, a so-called “lifestyle brand.” They were the 7th largest mortgage lender in the country last year, but apparently… 

After what was a decent week for mortgage rates, in which they fell back closer to 6.50%, they appear to be on the rise again. The latest driver (surprise, surprise) is tensions in the Middle East and higher oil prices as a result. That pushed 10-bond yields back up about five basis points today, which… 

I still get the feeling that mortgage rates are going to go HIGHER before they cool off again. I’m aware there are rumblings of some sort of accord in the Middle East, but I’ve also seen this movie before. It takes time to resolve big, global conflicts, and if Iran opens the Strait of Hormuz,…