Mortgage Marc

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Mortgage Marc Licensed Senior Mortgage Loan Officer in MD,DE,NJ & PA NMLS # 1987557

Remember Q4 of 2023? Mortgage rates climbed into the high 7s, and buyers were nervous. Sound familiar?I helped over 50 f...
10/09/2026

Remember Q4 of 2023? Mortgage rates climbed into the high 7s, and buyers were nervous. Sound familiar?

I helped over 50 families purchase homes that quarter. The majority used a 2-year temporary buydown:

Year 1: 5.9%

Year 2: 6.9%

Years 3–30: 7.9% fixed

But here’s where it gets good...

When rates dropped earlier this year, less than 2 years after this group purchased, we helped every single one of those clients lower their rate and monthly payment before they ever reached year three!

10/07/2026

This might sound absolutely crazy - but now is a GOOD time to buy a house. Almost no competition, very little demand, rising inventory, 7% or higher rates, all while seller’s are approaching a slow holiday season. Lowball offers might get accepted here for those who are patient and play the numbers game.

Rates are higher. I'm not going to pretend otherwise.And not everyone should buy a house right now. Because if the numbe...
09/30/2026

Rates are higher. I'm not going to pretend otherwise.

And not everyone should buy a house right now. Because if the numbers only work when everything goes right, waiting is a good answer.

But some people NEED a house right now. Retired and downsizing. A new job in a new city. A fourth kid on the way. A divorce. A lease that's ending.

If that's you, there's something worth knowing...

We've been here before. I don't mean the 80s. I mean the last three years.

→ 2023: 8.03% on 10/19 down to 6.61% on 12/27. That's 1.42% in 2 months.
→ 2024: 7.51% on 4/30 down to 6.11% on 9/17. That's 1.40% in 5 months.
→ 2025: 7.26% on 1/13 down to 6.13% on 9/16. That's 1.13% in 8 months.

Three peaks. Three pullbacks. The average drop was 1.32%, over about 5 months.

Now, the past doesn't promise the future, and I never predict rates.

So, here's my advice: Make sure you can afford the payment if rates never move. Then if they do, you're pleasantly surprised.

There are a LOT of pros for buying in this market now in terms of value. But I don't want anyone buying a house because of where rates MIGHT go. Buy it because you need it and the payment works today.

If you're in that "need to buy now" group, send me a message and we'll run the numbers at today's rate first.

loanDepot is helping to make homeownership more accessible for doctors. This loan is designed to support medical profess...
09/16/2026

loanDepot is helping to make homeownership more accessible for doctors. This loan is designed to support medical professionals early in their careers, when student debt and cash reserves can be barriers to homeownership.

Our in‑house Non‑QM product lineup continues to outperform brokered options. If you’re sending these programs out, you w...
09/10/2026

Our in‑house Non‑QM product lineup continues to outperform brokered options. If you’re sending these programs out, you won’t beat our pricing. These solutions are ideal for business owners with low or negative taxable income who still qualify strongly based on real cash flow.

If you’d like details or want to see how these programs can support you or your clients, reach out anytime.

09/06/2026

A year ago today: mortgage rates were in the 5’s.

Today: near 7%.

“Marry the house, date the rate” wasn’t bad advice after all.

Windows of opportunity don’t send invitations. When they open, you have to act.

08/19/2026

Mortgage rates are the biggest distraction in housing. Rates are DOWN from last year.

Demand is basically FLAT.

If buyers won't buy at 6.5% after refusing to buy at 7%, you've learned something important:

The problem isn't rates.
The problem is price.

I asked one question… How long are you going to wait?Their last lender never asked the question.So they never thought ab...
08/08/2026

I asked one question… How long are you going to wait?

Their last lender never asked the question.
So they never thought about it.

“wait… how long are we going to wait?!? Said the wife to the husband.

“what rate are we waiting for?!?”

It was at THIS moment where I knew they needed to see the numbers.

Average 30 Year Rates:
Aug 2026 – 6.75%
Aug 2025 – 6.63%
Aug 2024 – 6.73%
Aug 2023 – 6.90%
Aug 2022 – 4.99%

$1800 rent after 1 year = $21,600
$1800 rent after 2 years = $43,200
$1800 rent after 3 years = $64,800
$1800 rent after 4 years = $86,400

I ask the questions.
Then we make decisions based on math.

If you want to explore the numbers without a credit pull… DM ME

08/06/2026

There’s still a stigma around VA loans that dates back many years, and unfortunately, I still hear it from some Realtors today.

The truth is, today’s VA loan is not the nightmare it used to be.

✅ VA buyers are often some of the most qualified borrowers I work with. Many have stable income, strong credit, and little to no debt.

✅ Other than a WDO inspection and water inspection if you have a well system, There are no additional home inspections required by the VA. A home inspection is always optional and recommended for any buyer, regardless of loan type.

✅ The VA appraisal process is very similar to other government-backed loans. The appraiser is simply ensuring the home meets basic safety and livability standards while determining value.

✅ VA loans don't take any longer to close. We still close VA loans in 25-30 days from consummation.

I’ve helped countless veterans close on homes smoothly with VA financing. In many cases, the biggest obstacle isn’t the loan—it’s outdated misconceptions.

Realtors: please educate yourselves before discouraging a seller from accepting a VA offer. Our veterans have earned this benefit through their service, and they deserve to have their offers evaluated based on their strength—not myths from decades ago.

Let’s stop spreading outdated information and start giving our veterans the opportunities they’ve earned. 🇺🇸

08/05/2026

Here’s what Realtors need to know today:

• The job market is still holding steady.

* Job openings declined slightly in June.
* Hiring actually increased a bit.
* Layoffs remain low.
* Overall, employers are still hiring, but they’re being more selective.

• Mortgage rates hit a one-year high.

* The average 30-year mortgage rate climbed to 6.81%. We are now at 6.75% this morning.
* Purchase applications fell to a five-month low.
* Higher rates continue to keep some buyers on the sidelines.

• Why are rates moving higher?

* Inflation concerns continue to pressure the bond market.
* Investors believe the Fed may keep rates higher for longer.
* As Treasury yields rise, mortgage rates typically follow.

• Wall Street is preparing for more inflation.

* Major banks like Barclays and HSBC are increasing investments in inflation-protected bonds.
* Many investors believe inflation could remain elevated longer than expected.

👀 What’s next?

* Today: ADP Employment Report
* Thursday: Initial Jobless Claims
* Friday: Jobs Report

Friday’s Jobs Report will be the biggest market-moving event this week and could have a significant impact on mortgage rates.

As always, if you have buyers or sellers with questions, I'm here to help !

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Dover, DE
19904

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