Christopher Chambers at Guaranteed Rate NMLS 224552

11/21/2023

Good news for new buyers

Owner occupied 2-4 units are now eligible with only 5% down. Previously it was 25%

Hope this helps you!

Effective November 18, Fannie Mae will begin accepting lower down payments on multifamily housing. Read all of the details here.

08/27/2023

Below is a chart of the US money supply. Since Jan 2020, the US has printed nearly 80% of all dollars in circulation when we had $4 trillion in circulation. Today there is nearly $19 trillion in circulation, a 375% jump in only 3 years. There are multiple factors causing inflation, but this the most important. Interest rates will be driven lower when M2 falls dramatically.

03/21/2023

My clients can apply for a mortgage Monday and be approved by Tuesday. What a way to start the week! Pretty sweet.

http://ms.spr.ly/60495F3SD

11/13/2022

Rates dropped 0.50% in one day!

The mid-term elections are still wrapping up. How did mortgage rates react? Find out the current trends & more in today’s mortgage rate news

11/07/2022

Winning is a habit

11/07/2022

What’s going on in the ILLINOIS housing market now

In this Q&A, Dr. Daniel McMillen covers some of the economic issues facing the Illinois housing market right now and what to expect as 2022 draws to a close. McMillen and his team at the University of Illinois at Chicago provide Illinois REALTORS® with monthly, quarterly and annual market

11/07/2022

Mortgage rate news!

It's over 24 hours after the Fed rate hike. Learn what the response has been & more in today’s mortgage rate news.

11/07/2022

Good analysis of the mortgage market and what’s likely to happen next week with the elections on Tuesday and CPI on Thursday

Jobs Report, Fed Meeting and key technical levels are a few items we discuss this week.

07/19/2022

Thoughts from the trenches re the economy for you- Texas Bond King has $8 billion in assets under management (AUM)…bond traders are the most accurate of all economic forecasters. Buckle up the Fed is behind the wheel and their 400 PhDs are making the same mistakes they always make

Gilbert Garcia, of Houston’s Garcia Hamilton Associates, laid out his case in November....

02/08/2022

It’s all about affordability and so far we are ok. The index in Chicago is 147 which is what it was in March 2018.

02/06/2022

Affordability is still excellent because rates are near all-time lows.

View data of the average interest rate, calculated weekly, of fixed-rate mortgages with a 30-year repayment term.

02/03/2022

Will building kits make a comeback?