Cindy Beech - Mortgage Pro - NMLS 273031

05/01/2025

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04/22/2025

09/26/2024

Similar to other items purchased by US consumers in recent years, prices of homes are rising while the square footage is shrinking. A phenomenon known as 'shrinkflation'. 🏡

09/24/2024

Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it. 

09/23/2024

Every seller wants to get their house sold quickly, for as much money as they can, with as few headaches as possible.

09/20/2024

Nothing about this week's FED news means much for the trajectory of mortgage rates. There's a bigger risk that recent rate lows represent something of a floor until economic data makes a case that rates should go lower, but there's NEVER ANY way to know exactly what rates will do in the future.

09/20/2024

Mortgage rates are trending down and that’s great news for your bottom line.

09/20/2024

What is the 𝙁𝙚𝙙 𝙁𝙪𝙣𝙙𝙨 𝙍𝙖𝙩𝙚 anyway?! 🤷‍♀️

Glad you asked! That's the rate that America's largest financial institutions pay when they borrow funds from each other overnight. It affects 𝘀𝗵𝗼𝗿𝘁 𝘁𝗲𝗿𝗺 interest rates on things like car loans, credit cards, personal loans, and home equity lines of credit. It has zero direct impact on mortgage rates.

The Federal Reserve influences almost every financial decision you make, from buying a home or car to looking for a new job.

09/19/2024

Yes! Mortgage rates really did move HIGHER after the Fed Funds rate cut.

🍎🍎🍎 vs 🍊🍊🍊

09/19/2024

There is a paradox between 𝘁𝗵𝗲 𝗙𝗲𝗱 𝗿𝗮𝘁𝗲 and 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲𝘀. To address the confusion here is why it exists ...

1️⃣ The Fed meets 8 times a year whereas mortgage rates can move every day
2️⃣ The bonds that influence mortgages can move every second
3️⃣ That means mortgage rates have had a long head start toward lower rates while the Fed waited for its meeting date
4️⃣ A trader would be ill-advised to keep a tradeable rate/bond in higher territory if they knew as well as you did that the Fed was cutting rates this week. They would not wait to trade mortgage rates lower. Nothing was stopping them and that's why rates have dropped in recent months.

The only thing the Fed Funds rate and mortgage interest rates have in common is the word "rate". 😉

09/19/2024

If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.