David Richards, SWBC Mortgage

10/13/2025

🟢The 30-year rates for the week ending Friday, Oct. 10th were up fractionally .03%, from the week before, according to the Wall Street Journal. See the Wall Street Journal for actual rates each day.
🟢Over the last few weeks, mortgage rates have settled in at their lowest level in about a year. There is growing evidence that homebuyers are digesting these lower rates and gradually willing to move forward with buying a home, which is boosting purchase activity.
Quote: "If you know the incentives, you can predict the outcome" - Charlie Munger, investor and business partner to Warren Buffett.

09/22/2025

🟢 The 30-year rates for the week ending Friday, October 19th were the lowest in nearly 1 year. See the Freddie Mac website for actual rates.
⚪ Interest rates have been the talk of the media this week. We’re glad to get a cut, albeit a small .25% cut in the Fed rate. While there is not a direct 1-to-1 correlation in the Fed overnight rate and the 30-year mortgage rates, the cut helps!
🟢 Refinances are streaming in the door, as we say, as many people are at over 7%, the last few years. The next few weeks will tell us if the purchase business follows suit.
Quote -one of my favorites: “We don’t know what we don’t know” - Donald Rumsfeld
QUESTION: What do you think the rest of 2025 will bring in terms of interest rates?

08/29/2025

🟢 The 30-year rates for the week ending Friday, August 29th, were down .05% from last week, according to the Wall Street Journal.
🟡 We're in an interesting place in rates - the proverbial "Bad News is Good News"...meaning...we are showing some slowness in month-over-month job creation (The Bad News). At the same time, slowness in creating jobs puts pressure on the Fed to lower rates (Good News).
Quote: "We improve. We stick it out. We see things through. That's just how things go with us Bakers" Dusty Baker, legendary baseball player and coach.
Have a wonderful Labor Day weekend.

08/25/2025

⚪The 30-year rates for the week ending Friday, August 22nd, remained flat from the week before. Rate surveys are national, and survey results from week to week may vary, based on those surveyed. The Wall Street Journal tracks rates daily in their Business & Finance section. Freddie Mac posts updated weekly rates Thursday of each week.
🟢 There is more talk about making assumable mortgages easier to assume. A loan can be assumed only if a down payment is made to cover the difference between the purchase price and the existing loan amount. Only certain mortgages backed by the feds can qualify. See your favorite loan officer for details. (Kiplinger, Aug. 15)
Quote: "What you focus on expands” (What you focus on can be either positive or negative) - Oprah Winfrey and others
Have a wonderful week.

01/30/2025

Did you know SWBC Mortgage offers specialty down payment assistance programs like the HELP™️ and Move Up™️ programs? 🏡 These are designed to make homeownership more attainable with flexible qualifying criteria and non-repayable grants, so your clients can confidently move forward with their dreams. They are a game-changer for hopeful buyers!

Let’s work together to increase affordability and sell more homes!

06/14/2024

Do you know anyone looking to purchase a home and would like to know how to get thousands of dollars in Down Payment Assistance? This week, I spoke on this very topic on behalf of to a group of legal and finance professionals - please contact me for details!

05/09/2024

We've been named one of the Top 50 Mortgage Companies in America for 2023 by Mortgage Executive Magazine! 🌟🏆

This recognition is a testament to our commitment to excellence and serving our clients with the best possible mortgage experience. Thank you to our amazing team for making this possible! 🙌

02/09/2024

02/08/2024

Thinking about purchasing a home? These five questions can get you started

https://bit.ly/4959Wje

01/29/2024

Some good news for hopeful homebuyers! The Federal Housing Finance Agency’s (FHFA) announced that they will be increasing the 2024 conforming loan limits for 1-unit properties up to $766,550 to reflect changes in home prices.

This can make it easier to finance a home with lower down payment options at competitive rates. Raising the loan limits also allows for more buyers to access home financing, encouraging homeownership and increasing access to housing.

Ready to learn more? DM me for more information.

01/29/2024

Need a new roof? Using your home's equity is an easy way to fund such a large project. Let's chat about how a cash-out refinance can benefit you and the renovations in your home!



*Refinancing an existing loan may result in higher total finance charges over the life of the loan.

Get expert advice on improvements to your home, including design tips, how much you'd expect to pay for a pro and what to ask when hiring experts.

01/22/2024

There's nothing like getting your first set of keys. Let's schedule some time to talk through your homeownership goals this year.